NuScale Power Stock Surges on DOE Loan Support for Nuclear Reactors NuScale Power Corporation’s shares surged 5.73 percent after securing a key small modular reactor (SMR) project contract, driven by U.S. Department of Energy (DOE) loan guarantees that are expected to boost financing for advanced nuclear projects. The stock climbed to around $11.80–$11.90, reflecting heightened investor optimism about the company’s position in the nuclear revival and its potential to benefit from federal support. The DOE’s recent testimony before Congress highlighted that the first 5–10 new reactors, including SMR designs, will likely receive loan guarantees, a development that directly impacts companies like NuScale Power. This policy shift has improved financing visibility for advanced reactor projects, positioning NuScale as a central player in the emerging nuclear energy sector. Analysts and traders have interpreted the news as a catalyst for the stock, with recent sessions seeing SMR rise 15–16 percent amid heavy momentum trading. Financially, NuScale Power remains a development-stage company with minimal revenue. Its quarterly revenue stood at approximately $31.5 million, yet its price-to-sales ratio exceeded 130, indicating that investors are pricing in future growth potential rather than current earnings. The company operates at a significant loss, with negative profit margins and returns on equity and assets in the red. However, its balance sheet provides a buffer, holding about $836 million in cash and no long-term debt. Liquidity ratios of 4.3 suggest strong short-term financial health, though operating cash flow remains sharply negative, with over $200 million in losses reported in the latest quarter. Analyst coverage reflects a mix of cautious optimism and risk warnings.#hsbc #tennessee_valley_authority #department_of_energy #nu_scale_power #small_modular_reactor
NES clears itself in Green Hills ice storm damage probe Neighbors in Green Hills say Nashville Electric Service (NES) has concluded it is not responsible for widespread appliance damage caused by a severe winter ice storm, but they remain dissatisfied with the utility’s findings. Since initial reports of damaged appliances emerged, the number of affected residents has grown, with some spending thousands on repairs. Residents reported hearing loud explosions during power restoration efforts by an out-of-town crew hired by NES, only to discover costly damage to HVAC systems, outlets, and kitchen appliances after the power returned. NES initiated an investigation following media coverage of the issue but later sent neighbors an email stating it does not believe it is at fault. The utility has not responded to requests for comment. One neighbor, Carl Heinemann, emphasized that the matter is about accountability. He shared an email from NES’s attorney, which claimed there was no evidence of excess voltage reaching homes due to NES’s systems. Heinemann, however, argues that the utility’s self-investigation overlooked failed customer meters, which he says only blow up if something is coming back from NES. Other neighbors, like Jill Lindner, expressed frustration with NES’s handling of the situation. They believe the utility should have conducted a more thorough investigation, particularly after power was restored. Lindner noted that at least five customer meters failed during the process, suggesting a potential link to NES’s infrastructure. Despite the utility’s stance, residents are considering legal options, though experts warn that suing public utilities is difficult due to protective laws.#nashville_electric_service #green_hills #carl_heinemann #jill_lindner #tennessee_valley_authority
