NuScale Power Stock Down Over 50% in 2026: Can SMR Investors Expect a Repeat of the 2023 Rally?

NuScale Power, the most visible small modular reactor developer in the US, has lost more than half its value in 2026. The article compares that drop to the 2023 selloff, after which the stock quintupled. It walks through the investor psychology without making a firm prediction, and it notes that SMR shares swing hard on contract news, regulatory milestones, and policy shifts. For carboncredit.io readers, NuScale matters because SMRs are positioned as firm, low-carbon generation that could complement wind and solar. But this piece is thin on the details that would justify a recovery, such as project timelines, customer commitments, or cost per megawatt. It is more of a trading story than a project finance story. The takeaway is that nuclear sentiment is volatile and policy-driven. Watch licensing decisions, loan guarantees, and power purchase agreements if you want signals on actual decarbonization, not just stock momentum.