NuScale Power or GE Vernova: Discover Which Nuclear Energy Stock Leads the Market
NuScale Power and GE Vernova stand tall in the nuclear energy sector. These companies are making strides in small modular reactors (SMRs) and nuclear fuel services.
NuScale Power vs. GE Vernova: A Comparative Overview
NuScale Power focuses on small modular reactors for large-scale energy projects. Meanwhile, GE Vernova is making advancements through its partnership with GE Hitachi. The collaboration explores the BWRX-300 SMR design, enhancing nuclear fuel services. Both companies aim to meet the rising global demand for safe, reliable, and clean nuclear energy.
Market Position and Growth
- NuScale Power’s SMR technology received U.S. Nuclear Regulatory Commission (NRC) approval for its 77-megawatt design.
- GE Vernova’s collaboration with Samsung C&T promotes BWRX-300 SMR outside North America.
- The global SMR market was valued at $5.81 billion in 2024, expected to reach $8.37 billion by 2032.
- Anticipated growth rate: CAGR of 4.98% from 2025 to 2032.
Key Developments
In September, NuScale Power advanced a historic deal with ENTRA1 Energy and the Tennessee Valley Authority. The plan aims to deploy up to 6 gigawatts of SMR technology, the largest in U.S. history, providing carbon-free electricity to industries such as AI and semiconductor manufacturing.
GE Vernova, meanwhile, anticipates new customer announcements for its SMR technology by late 2025. The NRC has already accepted the Tennessee Valley Authority’s application to construct an SMR at the Clinch River site.
Stock Performance and Challenges
- NuScale Power shares surged 151.1% year-to-date.
- GE Vernova shares rose 97.1% during the same period.
- NuScale Power expanded partnerships with tech giants and financial institutions.
- GE Vernova faces challenges in its Wind segment due to tariffs and service costs.
Valuation and Earnings
| Company | Price/Sales Ratio | 2025 Earnings Estimate |
|---|---|---|
| NuScale Power | 93.71X | Loss of 46 cents per share |
| GE Vernova | 4.37X | $7.67 per share |
NuScale Power reported earnings of 42 cents in the year-ago quarter, while GE Vernova expects a 37.46% year-over-year earnings increase in 2025.
Conclusion
NuScale Power’s advancements and partnerships strengthen its leadership in future sustainable, carbon-free energy. However, GE Vernova faces tariff challenges, expecting a $300 million to $400 million impact on EBITDA margins. Currently, NuScale Power is favored as a stock pick, with a Zacks Rank of #3 (Hold), against GE Vernova’s #4 (Sell).
