NuScale (SMR) Q1 Earnings Loom, Jumps 16%
NuScale Power Corp. (NYSE:SMR) is one of the 10 Stocks Besting Wall Street With Easy Double-Digit Gains.
NuScale soared by 16.28 percent on Wednesday to close at $13.57 apiece, as investors positioned portfolios ahead of the results of its earnings performance for the first quarter of the year, with optimism supported by the continued strong demand for energy services.
In a notice to investors, NuScale Power Corp. (NYSE:SMR) said that it is scheduled to report its financial and operating highlights after market close on May 7, 2026. A conference call will be held to discuss the results.
Photo from NuScale Power’s website
Last quarter, the company reported revenues of $31.5 million, marking a decline of 15 percent from the $37 million in the same period in 2024, primarily due to a reduction in revenues recognized from the RoPower technology license agreement executed in 2024.
In other news, NuScale Power Corp. (NYSE:SMR) recently partnered with Ebara Elliott Energy for a research program aimed at demonstrating and field-testing a commercial-scale high-temperature steam compressor to integrate NuScale Power Modules with petrochemical plants needing process heat.
Under the program, the two parties will collaborate to support the development, manufacturing, and integration of critical turbomachinery and energy-conversion systems for petrochemical plants powered by NuScale Power Corp. (NYSE:SMR) technology.
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