Analysis: GE Vernova is a better small modular reactor (SMR) stock than NuScale Power, with GE Vernova's stock up 50% in 12 months while NuScale's plunged 80%.

The analysis highlights that while both companies are involved in the nascent SMR market, GE Vernova, a more diversified energy company, is considered a stronger investment. NuScale Power's stock has plunged 80% over the past 12 months due to cash burn and lack of near-term catalysts, despite its VOYGR SMR being the only one with full U.S. Nuclear Regulatory Commission (NRC) design certification. Meanwhile, GE Vernova's stock has surged 50% as investors view it as an AI energy infrastructure play. GE Vernova's BWRX-300 SMR is actively moving through the regulatory pipeline, with its first reactor deployment aimed for 2030 in Canada, similar to NuScale's early 2030s timeline for its first reactors.