Robert Bryce

Robert Bryce

SMR Stocks Got Hammered In November

Mr. Market punished the pure-play SMR companies last month. Plus, Britain chooses Rolls-Royce and a brief Q&A with Deep Fission’s Liz Muller.

Dec 01, 2025
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In early October, Nano Nuclear Energy’s stock traded above $55. The decline in Nano Nuclear’s stock price is similar to that of other pure-play SMR companies. Credit: Nano Nuclear....

What goes up must come down, and in November, the valuations of the four publicly traded pure-play SMR companies came down in a big way. In this, SMR Intelligence Update #3, we look at what happened to the stock prices of Oklo, NuScale Power, Terrestrial Energy, and Nano Nuclear Energy last month. In addition, we have a rundown on Britain’s selection of the Rolls-Royce plc’s SMR for deployment in Wales, and Liz Muller’s pitch on Deep Fission. Let’s take a look.

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