AEP
American Electric Power Company, Inc.
AEP has the edge over SMR overall, supported by stronger fundamentals and lower modeled downside.
SMR
NuScale Power Corporation
SMR offers stronger valuation, but that advantage does not outweigh its weaker overall profile.
AEP Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Healthy | |
| Healthy | |
| Unavailable |
AEP's revenue, profitability and cash flow are currently healthy. There isn't enough data to rate its balance sheet.
SMR Fundamentals
| Metric | Status |
|---|---|
| Weak | |
| Weak | |
| Weak | |
| Unavailable |
SMR's revenue, profitability and cash flow are currently weak. There isn't enough data to rate its balance sheet.
AEP PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 18x | $110 | -15% |
| Forward | 19x | $129 | — |
| Fair | 20x | $119 | -7.3% |
| Expensive | 21x | $131 | +1.4% |
| Current | 21x | $129 | — |
Historical ranges are pointers, not guarantees.
AEP's PE is in its expensive range at 21x. If earnings grow as analysts expect, today's price would be 19x next year's earnings, in its fair range.
SMR PE Valuation
SMR has no meaningful PE right now: it lost money over the past year.
AEP Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Growth | |
| Growth | |
| Weakening | |
| Limited | |
| Moderate |
Analysts expect earnings and revenue growth for AEP, but weaker profitability.
SMR Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses shrinking | |
| Strong growth | |
| -- | |
| Limited | |
| High |
Analysts expect SMR's losses to shrink, with revenue growing.
AEP Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $6.82 | +12% |
| Q3 2026 | $6.12 | -11% |
| Q2 2026 | $5.77 | -16% |
| Q1 2026 | $6.76 | +31% |
| Q4 2025 | $6.66 | +19% |
| Q3 2025 | $6.84 | +38% |
| Q2 2025 | $6.83 | +37% |
| Q1 2025 | $5.18 | -3.5% |
| Q4 2024 | $5.58 | +32% |
AEP has the edge over SMR on earnings quality, reporting a profit while its opponent remains loss making.
SMR Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2026 | -$0.72 | +$2.14 |
| Q2 2026 | -$2.46 | -$1.27 |
| Q1 2026 | -$2.46 | -$1.09 |
| Q4 2025 | -$2.43 | -$0.96 |
| Q3 2025 | -$2.86 | -$1.91 |
| Q2 2025 | -$1.19 | -$0.16 |
| Q1 2025 | -$1.37 | -$0.52 |
| Q4 2024 | -$1.47 | -$0.67 |
SMR is still losing money, but far less than before: $0.72 per share over the past year, against $2.86 at its worst in late 2025.
AEP Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $6.8B | +14% |
| Q2 2026 | $5.4B | +7% |
| Q1 2026 | $6B | +10% |
| Q4 2025 | $5.3B | +13% |
| Q3 2025 | $6B | +11% |
| Q2 2025 | $5.1B | +11% |
| Q1 2025 | $5.5B | +8.7% |
| Q4 2024 | $4.7B | +2.6% |
AEP's revenue has grown year over year for 11 quarters in a row: $6.8B last quarter, up 14% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 27% | +1.2 points |
| Q2 2026 | 23% | -4.6 points |
| Q1 2026 | 23% | -0.9 points |
| Q4 2025 | 21% | -2.4 points |
| Q3 2025 | 25% | +0.4 points |
| Q2 2025 | 28% | +13 points |
| Q1 2025 | 24% | +0.2 points |
| Q4 2024 | 23% | +9.7 points |
AEP has the edge over SMR on profitability, with a higher operating margin.
SMR Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $281K | -97% |
| Q2 2026 | $75K | -99% |
| Q1 2026 | $565K | -96% |
| Q4 2025 | $1.8M | -95% |
| Q3 2025 | $8.2M | +1635% |
| Q2 2025 | $8.1M | +733% |
| Q1 2025 | $13.4M | +870% |
| Q4 2024 | $34.2M | +651% |
SMR's revenue has slid since its 2024 peak: $281,000 last quarter, down 97% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | -23068% | -16535 points |
| Q2 2026 | -85337% | -84802 points |
| Q1 2026 | -10181% | -9917 points |
| Q4 2025 | -4022% | -3988 points |
| Q3 2025 | -6533% | +2103 points |
| Q2 2025 | -535% | +3796 points |
| Q1 2025 | -264% | +2925 points |
| Q4 2024 | -35% | +1524 points |
SMR's operating margin was −23068% last quarter, down 16535 points from the same quarter a year ago, near the bottom of its range since 2022.
AEP Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $1.3B | -41% |
| Q1 2026 | $554M | -62% |
| Q4 2025 | $17.5M | -99% |
| Q3 2025 | $2.2B | -0.5% |
| Q1 2025 | $1.5B | +0.5% |
| Q4 2024 | $1.7B | +29% |
| Q3 2024 | $2.2B | +21% |
| Q2 2024 | $1.5B | +26% |
AEP has the stronger cash trend. Its trailing FCF is down 32% versus its history, compared with SMR at down 161%.
SMR Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q2 2026 | -$58.6M | -$25.3M |
| Q1 2026 | -$316.2M | -$293.3M |
| Q4 2025 | -$204.1M | -$177.6M |
| Q2 2025 | -$33.3M | +$2.7M |
| Q1 2025 | -$22.9M | +$10.6M |
| Q4 2024 | -$26.5M | +$46.8M |
| Q3 2024 | -$12.7M | +$15M |
| Q2 2024 | -$36M | +$4.5M |
SMR has burned cash in almost every quarter: −$608M over the past year, against −$95M the year before.
AEP Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.1% | -525K shares |
| 1 year | +2.3% | +12.1M shares |
| 3 years | +5.5% | +28.7M shares |
| 5 years | +9.5% | +47.5M shares |
| Available history | +11% | +54.8M shares |
AEP has the edge over SMR on shareholder dilution, with a more favorable share count trend.
SMR Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +13% | +45.9M shares |
| 1 year | +178% | +263M shares |
| 3 years | +448% | +336M shares |
SMR has 410M diluted shares, up 178% from a year ago.
| Quarter | Spent |
|---|---|
| Q4 2023 | — |
| Q3 2023 | — |
| Q2 2023 | — |
| Q1 2023 | — |
| Q4 2022 | — |
| Q3 2022 | — |
AEP Net Leverage
SMR Net Leverage
SMR's operating earnings (EBITDA) were negative over the past year, so its debt can't be measured against them.
AEP Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 53.3 | Neutral |
| Stochastic | 70.8 | Neutral |
AEP's weekly RSI is 53 (neutral) and its Stochastic is 71 (neutral).
SMR Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 29.5 | Oversold |
| Stochastic | 8.6 | Oversold |
SMR's weekly RSI is 30 (oversold) and its Stochastic is 9 (oversold).
AEP PE vs Utilities Sector
| Metric | AEP | Sector median | Relative |
|---|---|---|---|
| PE | 21x | 20x | 3.2% above |
| PE % | 79 | 44 | 35 pts above |
AEP is trading at 21x earnings, in line with the Utilities sector's median of 20x.
SMR PE vs Utilities Sector
SMR has no meaningful PE right now: it lost money over the past year.
AEP Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $125.4 | 2.8% above |
| 20 week MA | $126.8 | 1.7% above |
| 50 week MA | $126.7 | 1.8% above |
| 100 week MA | $116.8 | 10% above |
| 200 week MA | $102.2 | 26% above |
AEP has the edge over SMR on trend strength, trading above more of its moving averages.
SMR Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $6.26 | 23% below |
| 20 week MA | $7.88 | 39% below |
| 50 week MA | $11.4 | 58% below |
| 100 week MA | $20.2 | 76% below |
| 200 week MA | $14.4 | 67% below |
SMR is in a downtrend: it's below all five of its weekly moving averages, and 67% below its 200-week average.
AEP Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $94.2 | $81.4 | -14% |
| 2021 | $81.4 | $86.5 | +6.3% |
| 2022 | $86.5 | $95.7 | +11% |
| 2023 | $95.7 | $81.2 | -15% |
| 2024 | $81.2 | $92.5 | +14% |
| 2025 | $92.5 | $115.7 | +25% |
| 2026 YTD | $115.7 | $128.9 | +11% |
AEP has the edge over SMR on returns for 2026, with the stronger performance.
SMR Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $10.1 | $10.3 | +1.2% |
| 2021 | $10.3 | $10.1 | -1.9% |
| 2022 | $10.1 | $10.1 | +0.5% |
| 2023 | $10.1 | $3.29 | -67% |
| 2024 | $3.29 | $19.5 | +493% |
| 2025 | $19.5 | $14.9 | -24% |
| 2026 YTD | $14.9 | $4.82 | -68% |
SMR's yearly returns have swung widely, from +493% in 2024 to −67% in 2023. It's down 68% so far in 2026.