Shares of NuScale Power (NYSE:SMR) closed at $4. 37 on Thursday, Nov. 5, down 15% for the day and around 92% below their record close of $53. 43 in October 2025. It was the stock's lowest close since March 2024. NuScale's third-quarter report was released after the close that day. At that price, the small modular reactor developer's market value is around $1. 88 billion, including both its Class A and Class B shares. NuScale had around $1. 86 billion in cash, cash equivalents, and short- and long-term investments at the end of September, with no debt. Put another way, the market's arguably assigning almost no value to the only small modular reactor design certified by the U.S.
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