Thesis: fraud, analyst: iceberg-research, sector: generation.
More ... latest change: 2026-02-28
Hunterbrook update (2024-6-11) #
NuScale Power (NYSE: $SMR), a developer of small modular reactors, is facing increased scrutiny from the U.S. Nuclear Regulatory Commission.
The Commission sent a request for additional information about NuScale’s application for the design of its small modular reactor plant, according to a document posted by the NRC on June 10th.
The letter is a response to NuScale’s design for its keystone reactor technology. NuScale has called the plants that would use this technology “near-term deployable.”
NuScale’s market cap has more than doubled over the last six months to over $2 billion as the company has promised to use nuclear power to “meet the rapidly growing needs of data centers and AI.”
NuScale, however, has not yet commercialized any reactors. In its first quarter earnings, the company reported less than $1.4 million of revenue compared to a net loss of over $48 million, with $132 million in cash as of March 31st. NuScale also announced it had reduced its workforce by 28% earlier in 2024.
IG situation #
SMR cannot be sold short on IG.
Last updated: 2026-03-07 by automated standardization process