NuScale Power (SMR) closed Monday at $5.69, its lowest close since May 2024 and about 89% below its record $53.43 close on Oct. 15, 2025. As of June 30, 2026, the company had $1.9 billion in cash and investments and no debt, or about $4.41 per share, roughly 78% of Monday's price. Q2 revenue was just $75,000, while the operating loss reached $64 million, up 49% from a year earlier. In the first half of 2026, NuScale sold about 89.7 million new shares at an average $11.14, raising $1 billion, and its share count rose 27% in six months. Under an August program to sell up to $750 million in stock, the lower price would mean about 132 million new shares, roughly 31% of June's count. The author isn't ready to call it a buy and wants to see the third-quarter filing expected with the Nov. 5 report first.
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