SMR vs NNE Stock Comparison: AI Score, Valuation, Performance and Upside
SMR and NNE are both pre-revenue nuclear developers, which makes this a comparison of maturity rather than of profits. NuScale has an NRC-approved light-water SMR design and a commercial licensing partner. NANO Nuclear is considerably earlier, pursuing microreactor concepts that have not yet entered formal design certification. Neither is valued on current earnings, so the practical question is how much regulatory progress an investor is getting for the risk taken.
Use this SMR vs NNE comparison to grade each company on verifiable milestones rather than narrative. In pre-revenue nuclear, the things that actually de-risk a business are regulatory approvals, signed customer commitments, and funded construction decisions. Press releases and memoranda of understanding are not the same thing.
NNE holds the edge across 4 of 5 key metrics in this comparison. NNE has delivered stronger 1-year price return (-58.96% vs -77.67%), though SMR has the better forward P/E setup (-14.67x vs -17.83x for NNE). Analyst consensus implies meaningfully more upside for NNE (+132.14%) than for SMR (+32.15%).
Human Wall Street analysts' price targets, typically implying a ~12-month view — a separate signal from this site's own AI Prediction Signal further down the page, which is a 5-/30-day machine-learning forecast based on price history alone.
- Want the most regulatory-advanced pure-play small modular reactor design in the US
- Prefer proven light-water technology over novel reactor physics
- Accept dilution risk but want it attached to a company with a certified design
- Are looking for speculative nuclear exposure with somewhat more institutional scrutiny
- Are willing to take very early-stage risk for correspondingly higher potential upside
- Believe microreactors for remote and industrial sites will be licensed sooner than expected
- Understand the position could be diluted repeatedly before any revenue appears
- Are sizing it as a speculative holding rather than a core energy position
| Metric | SMR | NNE |
|---|---|---|
| AI scorei | 21.5 | 31.5 |
| AI ranki | #4699 | #2104 |
| Latest closei | $8.42 | $16.99 |
| 1M returni | -9.17% | -8.16% |
| 6M returni | -18.25% | -16.26% |
| 1Y returni | -77.67% | -58.96% |
How much would $10,000 be worth today if invested at the start of each period, with all dividends reinvested?
| Period | SMR | NNE |
|---|---|---|
| 1Y ago | $2.23K (-77.7%) started 2025-09-25 | $4.1K (-59.0%) started 2025-09-25 |
| 5Y ago | $8.37K (-16.3%) started 2022-03-01 | $32.74K (+227.4%) started 2024-05-08 |
| 10Y ago | $8.37K (-16.3%) started 2022-03-01 | $32.74K (+227.4%) started 2024-05-08 |
Hypothetical — past performance does not guarantee future results.
| Metric | SMR | NNE |
|---|---|---|
| Market capi | $3.92B | $944.55M |
| Trailing P/Ei | N/A | N/A |
| Forward P/Ei | -14.67 | -17.83 |
| Price/Salesi | N/A | N/A |
| EV/Revenuei | 249.45 | 1678.67 |
| Analyst targeti | $12.63 | $40.83 |
| Target upsidei | +32.15% | +132.14% |
| Metric | SMR | NNE |
|---|---|---|
| Revenue growthi | -99.10% | N/A |
| Earnings growthi | N/A | N/A |
| EPS growthi | N/A | N/A |
| FCF margini | -1913.88% | -16565.93% |
| Operating margini | -85337.33% | -7378.27% |
| Profit margini | 0.00% | 0.00% |
| ROIC proxyi | -55.18% | -8.04% |
| Return on equityi | -55.18% | -8.04% |
| Dividend yieldi | N/A | N/A |
| Payout ratioi | 0.00% | 0.00% |
| Dividend growth streaki | N/A | N/A |
| Betai | 2.31 | 5.41 |
| Debt/equityi | 0.33 | 0.46 |
| Current ratioi | 37.88 | 79.18 |
| Quick ratioi | 37.34 | 78.72 |
Over the past year, SMR and NNE have moved strongly in the same direction (correlation of 0.78), based on daily returns.
Lower drawdown and smaller single-period drops generally indicate a smoother ride, though they do not guarantee lower future risk.
| Period | Metric | SMR | NNE |
|---|---|---|---|
| 1Y | Growthi | -77.67% | -58.96% |
| CAGRi | -77.69% | -58.99% | |
| Volatilityi | 100.13% | 96.55% | |
| Sharpe ratioi | -1.05 | -0.50 | |
| Sortino ratioi | -1.48 | -0.75 | |
| Max drawdowni | 85.79% | 73.72% | |
| Current drawdowni | 84.24% | 70.00% | |
| Avg drawdowni | 67.82% | 51.02% | |
| Ulcer Indexi | 71.33% | 53.88% | |
| Max daily dropi | 15.67% | 16.93% | |
| Max wkly dropi | 35.02% | 29.56% | |
| 5Y | Growthi | -16.30% | +227.36% |
| CAGRi | -3.82% | +64.52% | |
| Volatilityi | 99.75% | 142.20% | |
| Sharpe ratioi | 0.41 | 1.00 | |
| Sortino ratioi | 0.64 | 1.74 | |
| Max drawdowni | 87.47% | 77.68% | |
| Current drawdowni | 84.24% | 70.00% | |
| Avg drawdowni | 43.33% | 39.89% | |
| Ulcer Indexi | 51.05% | 44.59% | |
| Max daily dropi | 34.85% | 32.47% | |
| Max wkly dropi | 59.70% | 42.77% | |
| 10Y | Growthi | -16.30% | +227.36% |
| CAGRi | -3.82% | +64.52% | |
| Volatilityi | 99.75% | 142.20% | |
| Sharpe ratioi | 0.41 | 1.00 | |
| Sortino ratioi | 0.64 | 1.74 | |
| Max drawdowni | 87.47% | 77.68% | |
| Current drawdowni | 84.24% | 70.00% | |
| Avg drawdowni | 43.33% | 39.89% | |
| Ulcer Indexi | 51.05% | 44.59% | |
| Max daily dropi | 34.85% | 32.47% | |
| Max wkly dropi | 59.70% | 42.77% |
| Category | SMR | NNE |
|---|---|---|
| Company | NuScale Power Corporation | NANO Nuclear Energy Inc. |
| Sector | Industrials | Industrials |
| Industry | Specialty Industrial Machinery | Specialty Industrial Machinery |
| Core business | Designer of light-water small modular reactors, licensed commercially through partner ENTRA1. NuScale's module holds US Nuclear Regulatory Commission design approval, the first granted to an SMR. | Early-stage developer of portable and micro nuclear reactor concepts aimed at remote sites, industrial users, and defense applications, alongside interests in nuclear fuel transport and consulting services. |
| Investor focus | Customer orders, progress toward a final investment decision on a first plant, regulatory approval of the uprated module, and cash runway. | Whether any reactor concept advances into formal NRC licensing, cash position versus burn, dilution from share issuance, and credibility of the technical roadmap. |
- First and furthest along the NRC approval path of any US small modular reactor design
- Light-water technology relies on a well-understood fuel and regulatory precedent rather than novel physics
- Larger scale and institutional visibility than most early-stage nuclear developers
- Targets microreactor niches such as remote power and industrial heat where grid connection is impractical
- Small size means any credible licensing milestone could move the shares sharply
- Has built a technical and advisory bench to pursue multiple reactor concepts in parallel
- Still pre-commercial, with no plant delivering electricity to a paying customer
- History of a cancelled flagship project after cost escalation
- Dependent on partners and customers to fund actual plant construction
- Substantially earlier stage than NuScale, with no approved reactor design
- Pre-revenue with recurring equity issuance, an ongoing source of dilution
- Microreactor licensing in the US has no completed commercial precedent, so timelines are highly uncertain
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