NuScale Power maintains a robust balance sheet with nearly $1.9 billion in cash, equivalents, and investments and zero debt following a $984.5 million equity raise in the first half of 2026, which has extended its runway despite ongoing cash burn exceeding $370 million in operating outflows. Recent milestones include successful fabrication of boron-oxide pellets for its passive emergency core cooling system and advancing discussions around potential large-scale deployments such as with ENTRA1 Energy and the Tennessee Valley Authority. An analyst downgrade citing timeline risks and limited firm commitments has pressured shares, yet the company’s NRC-certified SMR design, Romania project progress, and policy tailwinds for nuclear power continue to support development efforts rather than distress signals. No credible reports point to insolvency proceedings.