SMR Stock Price Prediction 2026 to 2035:- In the rapidly evolving landscape of clean energy, Small Modular Reactors (SMRs) have transitioned from a futuristic concept to a cornerstone of the global net-zero strategy. At the heart of this movement is NuScale Power (NYSE: SMR), the first company to receive U.S. Nuclear Regulatory Commission (NRC) design approval for an SMR.
For investors, the SMR Stock Price represents more than just a ticker; it is a high-stakes bet on the “Next Generation” of carbon-free baseload power. As we move through 2026, the market is shifting its focus from “if” these reactors will work to “how fast” they can be deployed to meet the voracious energy appetite of AI data centers and industrial clusters.
The 2026 Baseline: Navigating the Inflection Point
As of early 2026, the SMR Stock Price is trading in a volatile but upward-trending range of $32.00 to $38.00. After a year of intense speculation in 2025 regarding AI data center partnerships, the company is now under pressure to show concrete progress on its VOYGR™ power plants.
Key Performance Drivers in 2026
- Revenue Explosion: Analysts are forecasting a massive jump in revenue as long-lead equipment orders begin to materialize. Average 2026 revenue estimates sit near $141 million, representing a triple-digit percentage increase year-over-year.
- The AI Catalyst: The demand from “Hyperscalers” (Amazon, Google, Microsoft) for 24/7 carbon-free power has become the primary floor for the SMR Stock Price.
- Regulatory Milestones: With the ADVANCE Act streamlining licensing fees and timelines, the “regulatory drag” that previously weighed on the stock has begun to lift.
Mid-Term Forecast: SMR Stock Price (2027 – 2030)
The window between 2027 and 2030 is widely considered the “Valley of Proof.” This is the period when NuScale must move from manufacturing parts to delivering its first operational nuclear module.
The Path to Profitability (2029-2030)
Most financial models suggest that NuScale will remain in a “cash-burn” phase until approximately 2029.
- 2030 Breakthrough: Analysts have penciled in 2030 as the first year of positive net income, with early estimates suggesting a profit of roughly $54 million ($0.26 per share).
- Manufacturing Scale: As the company transitions to a factory-built modular approach, the “modular” part of SMR starts to pay off. Reduced construction times (target 36 months) will be the main driver of the SMR Stock Price during this phase.
- 2030 Price Target: In a base-case scenario, the SMR Stock Price could reach $65.00 to $85.00. In a bull-case scenario where SMRs become the standard for “sovereign energy security,” triple digits ($100+) are not out of the question.
The 2035 Long-Term Vision: Global Dominance?
By 2035, the global nuclear power market is projected to reach over $51 billion, with SMRs capturing a significant and growing slice of that pie.
The “Operating System” of Energy
By 2035, the SMR Stock Price will no longer be driven by hype, but by a “Fleet Effect.”
- Recurring Revenue: Like an aircraft manufacturer, NuScale will likely generate significant high-margin revenue from fuel services, maintenance, and software-as-a-service (SaaS) for reactor management.
- Beyond Electricity: SMRs will likely be integrated into desalination plants (providing fresh water) and hydrogen production hubs. This diversification of the business model could push the SMR Stock Price toward a $150.00 to $220.00 range.
- Global Licensing: If NuScale’s design becomes the global standard, royalty payments from international manufacturers could create a massive “capital-light” revenue stream.
Projected SMR Stock Price Summary Table
| Year | Revenue Projection | Earnings (EPS) | Price Target (Median) |
| 2026 | ~$141 Million | -$0.81 | $35.50 |
| 2028 | ~$650 Million | -$0.16 | $52.00 |
| 2030 | ~$1.2 Billion | +$0.26 | $78.00 |
| 2035 | ~$3.5 Billion | +$2.10 | $185.00 |
Key Risks to the SMR Stock Price
It is critical to acknowledge that SMR is a high-risk, high-reward “frontier” technology stock.
- Fuel Supply (HALEU): SMRs require High-Assay Low-Enriched Uranium. Currently, supply is limited. Any bottlenecks in the HALEU supply chain could delay reactor deployments and tank the SMR Stock Price.
- Capital Dilution: Since the company is not yet profitable, further share offerings may be required to fund operations through 2028, potentially diluting current shareholders.
- Public Perception: While “Green Nuclear” is gaining traction, a single safety incident—even at a different type of plant—could lead to a regulatory freeze that stalls the entire industry.
FAQ: SMR Stock Price & Future Outlook
Is SMR a good stock for 2026?
Wall Street analysts currently maintain a “Hold” or “Neutral” consensus, but with significant upside potential. It is best suited for “risk-on” investors who can tolerate 10-20% swings in a single week.
Does NuScale have any competition?
Yes. Companies like TerraPower (backed by Bill Gates), X-energy, and Holtec are all racing to deploy their own SMR designs. However, NuScale’s head start in NRC licensing is a significant “moat” for the SMR Stock Price.
What is the “AI Data Center” connection?
AI models require massive amounts of constant (baseload) power. Solar and wind are intermittent. Nuclear is the only carbon-free source that can run at a 95% capacity factor, making SMRs the perfect partner for data center campuses.
Will the SMR Stock Price pay a dividend?
Not anytime soon. The company will likely reinvest all cash flow into manufacturing and R&D until at least 2032.
Conclusion
The trajectory of the SMR Stock Price from 2026 to 2035 is a story of a “moonshot” coming down to earth—and then taking off again. The next three years will be defined by “execution risk,” as the company moves from the drawing board to the factory floor.
If NuScale can deliver its first operational module by 2030 and tap into the $10 billion desalination and hydrogen markets by 2035, the current prices in the teens and twenties will be viewed as a generational entry point. For the patient investor, SMR represents the “Tesla of Energy”—a disruptive force in a legacy industry.