CORVALLIS, Ore. - NuScale Power Corporation (NYSE:SMR) appointed Stuart A. Harshaw and Dale E. Klein to its board of directors on May 29, 2026, following their election at the company’s annual meeting of stockholders, according to a press release statement.
The board now consists of nine directors, eight of whom are independent. The company develops small modular reactor nuclear technology.Despite the positive governance developments, NuScale’s stock has faced significant headwinds, declining nearly 60% over the past year. According to InvestingPro analysis, the stock generally trades with high price volatility, reflecting the speculative nature of next-generation nuclear technology investments. The company currently holds a market capitalization of $5.14 billion but remains unprofitable with a loss of $1.82 per share over the last twelve months. Still, analysts anticipate 61% revenue growth in the current year as the company advances toward commercialization. For deeper insights into NuScale’s financial health and growth prospects, investors can access the comprehensive Pro Research Report, available for this and 1,400+ other US equities.
Harshaw serves as president and chief executive officer of Nickel Creek Platinum Corp. and president of Stuart Harshaw Consulting. He has more than 35 years of experience in the mining industry, including roles in engineering, procurement and construction. He previously held senior positions at Vale S.A. and Inco Ltd. Harshaw holds a Bachelor of Science in Metallurgical Engineering from Queen’s University and a Master of Business Administration from Laurentian University.
Klein is professor emeritus in engineering at The University of Texas at Austin with more than 40 years of nuclear industry experience. He previously served as chairman of the U.S. Nuclear Regulatory Commission and as assistant to the secretary of defense for nuclear, chemical and biological defense programs. Klein serves on nuclear oversight and advisory committees in the United Arab Emirates and Japan. He holds a Ph.D. in Nuclear Engineering from the University of Missouri-Columbia.
NuScale’s small modular reactor technology received design certification from the U.S. Nuclear Regulatory Commission. The company’s power modules can generate 77 megawatts of electricity each and can be configured in arrays up to 924 megawatts of output.
In other recent news, NuScale Power reported disappointing financial results for the first quarter of 2026. The company announced an earnings per share of -$0.14, missing the forecasted -$0.13. Revenue was significantly lower than expected, coming in at $0.6 million compared to the projected $4.99 million, representing an 88.58% shortfall. In addition to these earnings results, BofA Securities initiated coverage of NuScale Power with a Neutral rating and a price target of $12. BofA highlighted NuScale’s regulatory advantage as the only small modular reactor with U.S. Nuclear Regulatory Commission Standard Design Approval. The firm noted that the use of conventional low enriched uranium fuel gives NuScale a credibility edge over its peers. These recent developments have drawn attention from investors and analysts alike.
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