NuScale Power looks badly overvalued at $3.6B given how little revenue it generates. x.com 

NuScale Power barely generates revenue, which makes it hard to see why anyone invests. Per @wallstengine, second-quarter 2026 revenue was just $75 thousand against an $8.9 million estimate, less than a $300,000 salary, with a $50.1 million net loss. x.com 

NuScale Power is a higher-risk bet on small modular reactors, backed by huge tailwinds that people are underestimating. As a pre-revenue company, though, it could be crushed regardless of those themes if the market stays this weak. x.com  x.com 

NuScale Power is a $4 billion market-cap company with almost no revenue. Per Kalshi Finance, it reported Q2 2026 revenue of $75 thousand versus $8.9 million expected, orders of magnitude less than what top creators earn from monthly subscriptions. x.com 

NuScale Power barely has revenue: per @wallstengine, Q2 revenue was $75 thousand against an $8.9M estimate, with a $50.1M net loss. The average American makes more money than the company did in the quarter. x.com 

NuScale still holds the only US regulator-approved small modular reactor design, positioning it to power data centers with clean, always-on electricity, even after the stock collapsed from $57 to under $9. The drop came from a fresh UBS sell rating and slow project execution, but the regulatory approval didn't disappear with the price. That nobody wants to touch it right now is exactly the point. x.com 

NuScale Power's stock fell only 6% even though it badly missed earnings, which is absurd. Q2 revenue was just $75 thousand against $8.9 million expected, a 99.2% miss. x.com 

The AI power trade is starting to separate promises from electrons, favoring GE Vernova over NuScale Power because the market wants power now, not in 2033. GE Vernova has a $176bn backlog with gas turbines effectively sold out for years. NuScale reported just $75,000 of revenue last quarter, thousands not millions, then filed to sell another $750m of stock. x.com  x.com 

Oklo and NuScale look attractive at current levels as big players start taking small modular reactors seriously. At over $10B market caps the pre-revenue pure plays were wildly overvalued, but at about $4B and $8B it's a different story. Goldman Sachs added SMRs to its uranium models in May 2026, lifting its prior forecast 17%. It may be too early, but the SMR market looks very investable long term. x.com 

Oklo builds and sells electricity, which makes it a utility to be valued on earnings, not a tech company. Per Joe Gamble, speaking at a March investor summit, utilities average about 20x profit, yet Oklo sat at a $9 billion valuation with no revenue and no earnings, while management sold shares as fast as it could print them. x.com