NuScale Power Corp (NYSE:SMR) – A High-Growth Stock Meeting Minervini’s Trend Template

NuScale Power Corp (NYSE:SMR) has been identified as a high-growth momentum stock that aligns with Mark Minervini’s Trend Template criteria. The company, known for its innovative small modular reactor (SMR) nuclear technology, is demonstrating strong technical and fundamental characteristics that may appeal to growth-focused investors.

Why SMR Fits the Minervini Trend Template

Minervini’s strategy focuses on stocks exhibiting strong uptrends with clear technical strength. SMR meets these criteria:

• Price Above Key Moving Averages:

  • Current price ($41.60) is well above the 50-day ($21.68), 150-day ($21.53), and 200-day ($19.30) moving averages.
  • The 50-day MA is above both the 150-day and 200-day MAs, confirming bullish momentum.
  • Both the 150-day and 200-day MAs are trending upward.

• Strong Relative Strength:

  • SMR has a ChartMill Relative Strength (CRS) score of 99.35, meaning it outperforms nearly all stocks in the market.

• Price Near 52-Week High:

  • The stock is trading within 0.7% of its 52-week high ($41.89).
  • It has surged 408% over the past year, far exceeding the 30% threshold Minervini looks for.

High Growth Momentum Fundamentals

Beyond technicals, SMR shows strong growth potential:

• Revenue Growth:

  • Quarterly revenue growth (Q2Q) stands at 869.9%, with sequential improvements in recent quarters.
  • Annual revenue growth (TTM) is 162.4%, reflecting strong demand for its SMR technology.

• Earnings Revisions:

  • Analysts have raised EPS estimates for next year by 22.9% over the past three months.
  • Revenue estimates for next year have also been revised upward by 17.7%.

• Market Leadership:

  • SMR operates in the Electrical Equipment sector and outperforms 98% of its peers.

Technical Report Summary

The ChartMill Technical Report assigns SMR a perfect 10/10 technical rating, citing:

• Strong short- and long-term uptrends.
• High relative strength (99.35).
• Recent breakout with elevated volume.

However, the setup rating is low (1/10), indicating the stock may be extended after its recent surge. Investors may prefer to wait for a pullback or consolidation before entering.

Our High Growth Momentum + Trend Template screener lists more high-growth stocks meeting these criteria.

Disclaimer

This is not investment advice. The observations are based on current data, but investors should conduct their own research before making decisions.