<p><strong>NuScale Power</strong>(SMR 12.17%) 處於核能行業的領先地位。它正在取得重要進展，朝着大規模生產小型模塊化核反應堆的目標邁進。在一個越來越關注無碳能源的世界中，它正在為美好的未來做好準備。但並非每位投資者都適合投資。以下是購買該股票的原因以及不購買的原因。</p>
<h2>NuScale 正在緩慢邁向核能未來</h2>
<p>如今，核反應堆是巨大的基礎設施資產，需要耗費鉅額資金進行建設，並經過多年的努力才能投入運營。NuScale Power 正在努力顛覆這種低效的模式，提供在工廠建造並隨後運送到需要的地方的小型模塊化反應堆。</p>
<p>如果一個反應堆不夠，它們可以連接在一起形成一個更大的反應堆。最終結果是提供成本更低、更靈活的核能產品，並帶來更安全的運營。這就是為什麼投資者喜歡這支股票。</p>
<p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy83OTA1MjIvMjNfMTJfMTItYS1wZXJzb24taW4tYS1oYXJkLWhhdC1hbmQtc3VpdC1zdGFuZGluZy1pbi1mcm9udC1vZi1hLW51Y2xlYXItcG93ZXItcGxhbnQtX21mLWRsb2FkZ2V0dHlpbWFnZXMtNTE1MzA5NjEzLTEyMDB4ODAwLTViMmRmNzkuanBnJnc9NzAw?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy83OTA1MjIvMjNfMTJfMTItYS1wZXJzb24taW4tYS1oYXJkLWhhdC1hbmQtc3VpdC1zdGFuZGluZy1pbi1mcm9udC1vZi1hLW51Y2xlYXItcG93ZXItcGxhbnQtX21mLWRsb2FkZ2V0dHlpbWFnZXMtNTE1MzA5NjEzLTEyMDB4ODAwLTViMmRmNzkuanBnJnc9NzAw"/></p>
<p>圖片來源：Getty Images。</p>
<p>更吸引人的是其資產負債表上沒有債務，且擁有 1.36 億美元現金。換句話説，它在一個強勁的財務狀況下運作。此外，NuScale Power 的最大股東是 <strong>Fluor</strong>(FLR 2.21%)，一家大型建築公司。</p>
<p>顯然，Fluor 支持 NuScale 有其自身的動機，比如支持一個新市場的增長（小型核電廠建設），但這意味着 NuScale 有一個強大的母公司來支持其發展。目前，這一點已經顯現出來，因為來自 Fluor 的一個項目將幫助增加 NuScale 的收入報表，幫助這家新興核能公司支付自己的產品開發計劃。</p>
<p>確實有一些理由支持 NuScale Power 未來的前景，包括管理層喜歡強調的&#34;它是唯一獲得美國核監管委員會認證的 SMR&#34;。因此，它目前基本上領先於競爭對手。</p>
<h2>NuScale Power 帶來一些重大風險</h2>
<p>儘管有積極因素，但 NuScale Power 並非每位投資者的最佳選擇。事實上，只有那些積極型投資者才應該考慮購買該股票。有許多原因。</p>
<p>首先，NuScale Power 的產品計劃已獲得美國監管機構的批准，但尚未完全獲得可以開始建造和銷售單位的批准。因此，在 NuScale Power 甚至有產品可銷售之前還有更多工作要做。雖然它已經簽署了一項初步協議以銷售其首批產品，但實際上還不能這樣做。它必須在努力獲得最終政府批准以開始建造和交付產品的過程中花費更多資金。</p>
<p>這反過來意味着更多虧損。NuScale Power 基本上仍處於創業模式，因此支出大於收入並不奇怪。與 Fluor 的合作收入將有所幫助，但收入報表在未來幾年可能看起來不太樂觀。這是因為即使在獲得所有所需批准之後，它仍需要加大生產能力。總的來説，NuScale Power 有一個很棒的故事，但這個故事仍處於早期階段。</p>
<p><img src="https://imageproxy.pbkrs.com/https://media.ycharts.com/charts/c6cff39ec24e332683e186665acdc185.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://media.ycharts.com/charts/c6cff39ec24e332683e186665acdc185.png"/></p>
<p>SMR 數據來源：YCharts。</p>
<h2>NuScale Power 是一種獨特的選擇</h2>
<p>要強調這裏的風險，看一下股價會有所幫助。在過去一年中，股價從每股約 2 美元的低點上漲到每股 15 美元以上的高點，目前約為 7 美元。如果你無法承受這樣的價格波動，那麼你絕對不想擁有這家核能初創公司。</p>
<p>也就是説，風險承受能力較高的投資者可能對 NuScale Power 感興趣，因為它在生產小型模塊化核反應堆的道路上取得了巨大成就。但對於大多數投資者來説，目前風險可能太大，無法證明按下購買按鈕是合理的。</p>

<p>NuScale Power 正在核能領域取得進展，其小型模塊反應堆使其在無碳能源領域擁有光明的未來。然而，該公司仍處於初創階段，面臨監管障礙和財務挑戰，這可能會阻止保守型投資者。儘管公司資產負債表強勁，得到了弗 Fluor 的支持，但該公司尚未準備好銷售其產品，可能導致未來幾年潛在虧損。雖然激進型投資者可能會找到機會，但 NuScale Power 股票所帶來的風險可能會超過大多數投資者的收益</p>

<p><strong>NuScale Power</strong>(SMR 12.17%) is at the leading edge of the nuclear power sector. It is doing great things and making important progress toward its goal of mass-producing small-scale modular nuclear reactors. In a world increasingly looking toward carbon-free energy sources, it is positioning itself well for a bright future. But it won't be a good fit for every investor. Here's why you might want to buy the stock and why you might <em>not</em> want to buy it.</p>
<div class="lb-trans"><p><strong>NuScale Power</strong>(SMR 12.17%) 處於核能行業的領先地位。它正在取得重要進展，朝着大規模生產小型模塊化核反應堆的目標邁進。在一個越來越關注無碳能源的世界中，它正在為美好的未來做好準備。但並非每位投資者都適合投資。以下是購買該股票的原因以及不購買的原因。</p>
</div><h2>NuScale is moving (slowly) toward the nuclear future</h2>
<div class="lb-trans"><h2>NuScale 正在緩慢邁向核能未來</h2>
</div><p>Today, nuclear reactors are giant infrastructure assets that cost huge sums of money to build and years of effort to get up and running. NuScale Power is working to upend that inefficient model by offering small, modular reactors that would be built in a factory and then delivered where they are needed.</p>
<div class="lb-trans"><p>如今，核反應堆是巨大的基礎設施資產，需要耗費鉅額資金進行建設，並經過多年的努力才能投入運營。NuScale Power 正在努力顛覆這種低效的模式，提供在工廠建造並隨後運送到需要的地方的小型模塊化反應堆。</p>
</div><p>If one reactor isn't enough, they can be linked to create a larger reactor. The end result is a less costly and more flexible nuclear power offering with the added benefit of safer operation. That's why investors like the stock.</p>
<div class="lb-trans"><p>如果一個反應堆不夠，它們可以連接在一起形成一個更大的反應堆。最終結果是提供成本更低、更靈活的核能產品，並帶來更安全的運營。這就是為什麼投資者喜歡這支股票。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy83OTA1MjIvMjNfMTJfMTItYS1wZXJzb24taW4tYS1oYXJkLWhhdC1hbmQtc3VpdC1zdGFuZGluZy1pbi1mcm9udC1vZi1hLW51Y2xlYXItcG93ZXItcGxhbnQtX21mLWRsb2FkZ2V0dHlpbWFnZXMtNTE1MzA5NjEzLTEyMDB4ODAwLTViMmRmNzkuanBnJnc9NzAw" alt="" original-src="https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F790522%2F23_12_12-a-person-in-a-hard-hat-and-suit-standing-in-front-of-a-nuclear-power-plant-_mf-dloadgettyimages-515309613-1200x800-5b2df79.jpg&amp;op=resize&amp;w=700"/></p>
<p>Image source: Getty Images.</p>
<div class="lb-trans"><p>圖片來源：Getty Images。</p>
</div><p>Adding to the allure here is a balance sheet with zero debt and $136 million in cash. In other words, it is working from a strong financial position. Also, NuScale Power's largest shareholder is <strong>Fluor</strong>(FLR 2.21%), a large construction company.</p>
<div class="lb-trans"><p>更吸引人的是其資產負債表上沒有債務，且擁有 1.36 億美元現金。換句話説，它在一個強勁的財務狀況下運作。此外，NuScale Power 的最大股東是 <strong>Fluor</strong>(FLR 2.21%)，一家大型建築公司。</p>
</div><p>Clearly, Fluor has its own motives in backing NuScale, like supporting the growth of a new market (small-scale nuclear power plant construction), but it means that NuScale has a strong parent to help it along. That's showing up right now, too, as a project from Fluor is going to help add revenue to NuScale's earnings statement, helping the upstart nuclear power company pay for its own product development plans.</p>
<div class="lb-trans"><p>顯然，Fluor 支持 NuScale 有其自身的動機，比如支持一個新市場的增長（小型核電廠建設），但這意味着 NuScale 有一個強大的母公司來支持其發展。目前，這一點已經顯現出來，因為來自 Fluor 的一個項目將幫助增加 NuScale 的收入報表，幫助這家新興核能公司支付自己的產品開發計劃。</p>
</div><p>There are indeed some good reasons to like the future prospects for NuScale power, including that, as management likes to highlight, it is &#34;the only SMR certified by the U.S. Nuclear Regulatory Commission.&#34; So, it basically has a leg up on the competition right now.</p>
<div class="lb-trans"><p>確實有一些理由支持 NuScale Power 未來的前景，包括管理層喜歡強調的&#34;它是唯一獲得美國核監管委員會認證的 SMR&#34;。因此，它目前基本上領先於競爭對手。</p>
</div><h2>NuScale Power comes with some big risks</h2>
<div class="lb-trans"><h2>NuScale Power 帶來一些重大風險</h2>
</div><p>Despite the positives, NuScale Power is not going to be a good fit for every investor. In fact, only aggressive types should really be looking at the stock today. There are a host of reasons.</p>
<div class="lb-trans"><p>儘管有積極因素，但 NuScale Power 並非每位投資者的最佳選擇。事實上，只有那些積極型投資者才應該考慮購買該股票。有許多原因。</p>
</div><p>For starters, NuScale Power's product plans are approved by U.S. regulators, but not fully approved to the point where it can start building and selling units. So, there's more work to be done before NuScale Power even has a product to sell. And while it has inked a tentative deal to sell its first units, it can't actually do that yet. It has to spend even more money on the effort to get the final government nod to start building and delivering a product.</p>
<div class="lb-trans"><p>首先，NuScale Power 的產品計劃已獲得美國監管機構的批准，但尚未完全獲得可以開始建造和銷售單位的批准。因此，在 NuScale Power 甚至有產品可銷售之前還有更多工作要做。雖然它已經簽署了一項初步協議以銷售其首批產品，但實際上還不能這樣做。它必須在努力獲得最終政府批准以開始建造和交付產品的過程中花費更多資金。</p>
</div><p>That, in turn, means more red ink. NuScale Power is basically still in start-up mode, so it isn't unusual that more money would be going out the door than coming in. The revenue from the work with Fluor will help, but the income statement is likely to look ugly for years to come. That's because it will still have to ramp up its production abilities even after it gets all the approvals it needs. All in all, NuScale Power has a great story, but that story is still in its early chapters.</p>
<div class="lb-trans"><p>這反過來意味着更多虧損。NuScale Power 基本上仍處於創業模式，因此支出大於收入並不奇怪。與 Fluor 的合作收入將有所幫助，但收入報表在未來幾年可能看起來不太樂觀。這是因為即使在獲得所有所需批准之後，它仍需要加大生產能力。總的來説，NuScale Power 有一個很棒的故事，但這個故事仍處於早期階段。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://media.ycharts.com/charts/c6cff39ec24e332683e186665acdc185.png" alt="" original-src="https://media.ycharts.com/charts/c6cff39ec24e332683e186665acdc185.png"/></p>
<p>SMR data by YCharts.</p>
<div class="lb-trans"><p>SMR 數據來源：YCharts。</p>
</div><h2>NuScale Power is an acquired taste</h2>
<div class="lb-trans"><h2>NuScale Power 是一種獨特的選擇</h2>
</div><p>To highlight the risks here, it helps to look at the stock price. Over the past year, the stock has gone from a low of roughly $2 per share to a high of just over $15, and it currently sits at around $7. If you can't handle price swings like that, you definitely don't want to own this nuclear power start-up.</p>
<div class="lb-trans"><p>要強調這裏的風險，看一下股價會有所幫助。在過去一年中，股價從每股約 2 美元的低點上漲到每股 15 美元以上的高點，目前約為 7 美元。如果你無法承受這樣的價格波動，那麼你絕對不想擁有這家核能初創公司。</p>
</div><p>That said, investors with a high tolerance for risk might be interested in NuScale power, given that it has achieved a great deal on its path to producing small-scale modular nuclear reactors. But for most investors, the risks are likely too great at this point in time to justify hitting the buy button.</p>
<div class="lb-trans"><p>也就是説，風險承受能力較高的投資者可能對 NuScale Power 感興趣，因為它在生產小型模塊化核反應堆的道路上取得了巨大成就。但對於大多數投資者來説，目前風險可能太大，無法證明按下購買按鈕是合理的。</p>
</div>

NuScale Power 非常出色。但以下是你不應該購買它的原因