NuScale Power (NYSE: SMR) faces a critical juncture as it prepares for its upcoming earnings call on May 7, following a disappointing report in February that saw the company miss earnings and sales estimates significantly, largely due to a $507 million accounting hit. Since that announcement, NuScale’s stock has plummeted over 30%. Investors are now keenly awaiting updates on two key areas that could influence the stock’s recovery.
First, the company’s project pipeline has faced delays, notably pushing back the start date of a major project from 2030 to 2033 or 2034. Additionally, its collaboration with TVA remains nonbinding, and concrete commitments are needed to bolster investor confidence. Second, commentary on potential data center deals is crucial, as demand for energy sources like NuScale’s small modular reactors is projected to surge. The company has previously indicated interest from major data center operators, but it has yet to secure new customers this year.
The upcoming earnings call could be pivotal for NuScale Power, with updates on project timelines and customer engagements likely to impact investor sentiment and stock performance significantly.
Source: fool.com