NuScale Power Stock Plummets: What’s Behind the August 2025 Crash?

NuScale Power's stock just took a nosedive—here's why traders are hitting the panic button.

Regulatory headwinds bite hard

The modular nuclear darling got smacked by fresh NRC compliance hurdles, sending institutional investors scrambling for exits. When the suits bolt, retail gets left holding the bag—as usual.

Short sellers smell blood

With 18% of float now sold short, this 'clean energy play' is looking more like a Wall Street piñata. Those SMR timelines aren't getting any shorter, and neither are the hedge funds' profit targets.

Market reality check

Turns out 'disruptive nuclear tech' burns cash faster than a meme coin in a bear market. The company's latest earnings showed R&D spend doubling while revenue flatlined—a classic growth trap that even crypto degens would recognize.

NuScale now faces its make-or-break moment: deliver operational reactors or join the graveyard of overhyped 'next big things.' Meanwhile, smart money's already moved on to the next shiny object—probably AI-powered uranium mining or some other absurdity.

Image source: Getty Images.

Fluor selling out?

Fluor reported poor earnings this morning, you see -- with sales down 6% year over year and adjusted profit cut nearly in half. More importantly to NuScale investors, though, is the fact that Fluor wants to convert 15 million of the Class B NuScale shares it owns to Class A shares... and then sell them.

And why?

As Fluor pointed out, gains in the value of its NuScale shares contributed $3.2 billion in "pre-tax mark-to-market gains" on its profit in Q2 -- but the roller-coaster ride that is NuScale is also contributing to "volatility" in Fluor's results, and forcing Fluor management to make "recurring fair value measurements" as it tracks NuScale's ups and downs.

Is it time to sell NuScale stock?

To fix this, Fluor said in its post-earnings conference call, the company will later this month convert 15 million NuScale Class B shares into Class A shares. The implication is that Fluor might then sell these A shares for cash. More than just simplifying accounting, this WOULD return value to shareholders, says Fluor, by letting them cash in on NuScale's remarkable high-flying stock.

It would also, however, threaten to flood the market with cheap NuScale shares, depressing the share price. This, in a nutshell, is what's worrying investors today. This is the reason they're selling off NuScale stock.

With NuScale stock up fivefold over the past year, and this new risk on the horizon, it looks like a good time to sell.