NuScale Power Corp: Market Surge Backed by Strategic Endorsements and Industry Momentum

NuScale Power Corp (NASDAQ: NSM) has surged nearly 24% in early February 2026, catapulting its share price to $17.53 from a 52‑week low of $11.08. The rally, driven by a confluence of analyst endorsement, bullish market sentiment, and a broader shift toward small modular reactors (SMRs), is reshaping the perception of NuScale as a cornerstone of the next‑generation nuclear renaissance.

Texas Capital’s “Buy” Rating: A Catalyst for Confidence

On 7 February 2026, Texas Capital, a well‑established research house, published a coverage note on NuScale with a “Buy” rating. The note highlighted the company’s proprietary SMR platform, which delivers scalable, modular, and cost‑effective nuclear solutions for electricity, heat, and clean water production. By explicitly endorsing the company’s technology, Texas Capital sent a strong signal to investors that NuScale’s business model is not only viable but positioned for rapid deployment worldwide.

The rating arrives at a crucial juncture. NuScale’s market capitalization of $4.96 billion and a trailing price‑to‑earnings ratio of –6.3 suggest the company is still operating at a loss, but the analyst’s confidence underscores a belief that future revenue streams from SMR deployments will soon offset current expenditures. Investors, wary of the volatility in the industrial technology sector, found the endorsement a decisive factor in buying the stock.

Broader Industry Context: SMRs Gain Momentum

The nuclear industry is witnessing a paradigm shift. According to a recent WANO update (11 February 2026), the organization is enhancing its ability to monitor plant performance through AI‑driven tools. This move signals a broader industry confidence in next‑generation reactors, including NuScale’s SMRs. The same day, the U.S. Department of Energy’s Office of Nuclear Energy has reiterated its commitment to SMR commercialization, further bolstering the company’s growth prospects.

Moreover, the geopolitical climate is favoring nuclear cooperation. While Russia’s Consul General Ivan Fetisov (3 February 2026) highlighted India‑Russia ties, the underlying message—nuclear collaboration can transcend geopolitical tensions—reinforces the notion that SMRs will find fertile ground in emerging markets, particularly in regions seeking secure, low‑carbon energy sources.

Financial Snapshot: A Company on the Rise

  • Close Price (5 February 2026): $17.53
  • 52‑Week High: $57.42
  • 52‑Week Low: $11.08
  • Market Cap: $4.96 billion
  • P/E Ratio: –6.3 (negative, reflecting current losses)

NuScale’s valuation has improved sharply, with the 24% jump bringing the stock close to a price point that reflects the intrinsic value of its SMR technology rather than speculative hype. While the negative P/E remains a cautionary flag for traditional valuation models, it is increasingly irrelevant for high‑growth, technology‑driven firms whose future earnings are expected to materialize as the SMR deployment curve accelerates.

Analyst Consensus and Investor Sentiment

The February 5 and 6 articles on fool.com and feeds.fool.com collectively paint a bullish picture. Investors are comparing NuScale with Oklo and Cameco, noting NuScale’s clear competitive advantage in SMR deployment speed and cost structure. The narrative that “NuScale and Cameco will thrive in a warmer nuclear market” (10 February 2026) aligns with the broader market’s pivot toward clean, reliable energy solutions amid escalating climate concerns.

Risks and Considerations

Despite the optimism, several risks loom:

  • Regulatory Uncertainty: Recent reports from archyde.com (12 February 2026) detail a secret nuclear rule rewrite that could relax safety standards but also increase compliance costs. NuScale must navigate these evolving regulations without compromising its safety record.
  • Supply Chain Constraints: The ongoing uranium project dispute involving Berkeley Energia (4 February 2026) underscores potential supply chain vulnerabilities that could affect fuel availability for SMRs.
  • Waste Management Debate: Reuters (6 February 2026) highlights the challenge of nuclear waste disposal—a critical issue for SMR operators. NuScale’s design includes passive safety features, yet the long‑term waste management strategy remains a public policy debate.

Conclusion: NuScale’s Trajectory

NuScale Power Corp’s recent price surge, underpinned by Texas Capital’s “Buy” rating and corroborated by a broader industry shift toward SMRs, signals a turning point for the company. While financial metrics still reflect an early‑stage loss profile, the strategic endorsements and market momentum suggest that NuScale is on track to become a pivotal player in the global nuclear transition. Investors who recognize the long‑term value of scalable, modular nuclear technology may find NuScale’s current trajectory both compelling and timely.