NuScale reports Q3 results; Fluor to convert and monetize stake by Q2 2026

NUSCALE POWER Corp

Revenue and cost of sales increased $7.8M and $5.2M YoY; G&A surged $502.2M due to $495M milestone contribution to ENTRA1.
Cash, equivalents, and investments at $753.8M; sold 13.2M shares via ATM for $475.2M gross proceeds.
ENTRA1 signed agreement with TVA to deploy up to 6 GW of NuScale SMR capacity.
Fluor to convert all Class B units to Class A shares and monetize by end of Q2 2026 with volume restrictions.
Fluor agreed to vote for authorized share increase and reduce tax receivable agreement rights; NuScale limited on equity issuances through Feb 2026.

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