Troluce Capital Advisors Unloads Over One Million NuScale Power Shares

Troluce Capital Advisors LLC has fully divested its 1,015,000-share stake in NuScale Power Corporation (SMR), valued at $40.15 million based on Q3 average prices, completely exiting its position in the nuclear technology developer. This significant portfolio shift by Troluce Capital, potentially aimed at realizing gains, occurs as NuScale, a highly volatile stock linked to AI data center power demand, faces a protracted growth timeline requiring substantial capital and is considered a speculative investment.

Analysis

Troluce Capital Advisors LLC has fully divested its 1,015,000-share stake in NuScale Power Corporation (SMR) as of November 14, 2025, a transaction valued at $40,153,400 based on Q3 average prices. This complete exit by an institutional investor signals a significant portfolio shift and reflects a moderately negative sentiment towards SMR, with a per-ticker sentiment score of -0.7. The fund now holds no shares of the company in its reportable portfolio.

NuScale Power develops modular nuclear reactors for carbon-free energy, targeting utilities and industrial operators, with recent market interest tied to AI data center power demand. Despite this potential, SMR has exhibited extreme volatility, trading between $12.60 and $53 per share this year, closing at $22.45 on the divestment date. The company's long-term growth story is highly speculative and requires substantial future capital, evidenced by a Q3 at-the-market offering that generated $475 million.

Troluce Capital's decision to sell out, potentially locking in gains near the Q3 average price of approximately $40, appears prudent given the stock's subsequent decline and its characterization as a speculative investment requiring high risk tolerance. This institutional divestment underscores the inherent risks and extended timeline associated with NuScale's technology commercialization and capital needs.

Key Decisions for Investors

• Investors should carefully evaluate the implications of a significant institutional divestment, particularly given NuScale's current valuation and long-term capital requirements
• Consider SMR a highly speculative investment suitable only for portfolios with a high risk tolerance and a long-term investment horizon
• Monitor NuScale's progress on project milestones and future capital raises, as these will be critical determinants of its ability to execute its growth strategy