NFE
New Fortress Energy Inc.
NFE has a slight edge over SMR overall, supported by stronger modeled upside.
SMR
NuScale Power Corporation
SMR has lower modeled downside risk, despite its lower overall score.
NFE Fundamentals
| Metric | Status |
|---|---|
| Under pressure | |
| Weak | |
| Under pressure | |
| Weak |
NFE's revenue, profitability, cash flow and balance sheet are all currently under pressure.
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.
NFE PE Valuation
NFE has no meaningful PE right now: it lost money over the past year. If it returns to profit as analysts expect, today's price would be 0.1x next year's earnings.
SMR PE Valuation
SMR has no meaningful PE right now: it lost money over the past year.
NFE Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Returning to profit | |
| Strong growth | |
| Strongly improving | |
| Limited | |
| High |
Analysts expect NFE to return to profit, with revenue growing.
SMR Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses shrinking | |
| Strong growth | |
| -- | |
| Limited | |
| High |
Analysts expect SMR's losses to shrink, with revenue growing.
NFE Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $36.52 | — |
| Q2 2026 | -$340.00 | -$149.00 |
| Q1 2026 | -$376.00 | -$264.00 |
| Q4 2025 | -$342.50 | -$280.00 |
| Q3 2025 | -$246.00 | -641% |
| Q2 2025 | -$191.00 | -424% |
| Q1 2025 | -$112.00 | -202% |
| Q4 2024 | -$62.50 | -147% |
| Q3 2024 | $45.50 | -52% |
NFE lost $340.00 per share over the past year, a bigger loss than the year before.
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 has the edge over NFE on earnings, with more consistent year-over-year improvement.
NFE Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $312.5M | +3.6% |
| Q1 2026 | $227M | -52% |
| Q4 2025 | $395.7M | -42% |
| Q3 2025 | $327.4M | -42% |
| Q2 2025 | $301.7M | -30% |
| Q1 2025 | $470.5M | -32% |
| Q4 2024 | $679M | -10% |
| Q3 2024 | $567.5M | +10% |
NFE's revenue has slid since its 2023 peak: $313M last quarter, up 3.6% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2026 | -48% | +81 points |
| Q1 2026 | -99% | -95 points |
| Q4 2025 | -159% | -193 points |
| Q3 2025 | -32% | -46 points |
| Q2 2025 | -128% | -139 points |
| Q1 2025 | -3.9% | -31 points |
| Q4 2024 | 34% | -10 points |
| Q3 2024 | 14% | -15 points |
NFE 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 has the edge over NFE on sales, with more consistent year-over-year improvement.
| 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.
NFE Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q2 2026 | -$199.6M | +$465.2M |
| Q1 2026 | -$162.5M | +$209.7M |
| Q4 2025 | -$134.8M | +$264.6M |
| Q3 2025 | -$296.7M | +$155M |
| Q2 2025 | -$664.8M | -$94.8M |
| Q1 2025 | -$372.2M | +$241.2M |
| Q4 2024 | -$399.4M | +$151.2M |
| Q3 2024 | -$451.7M | +$241M |
NFE has the stronger cash trend. Its trailing FCF is up 35% 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.
NFE Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | 0% | -1.9K shares |
| 1 year | +4.1% | +225K shares |
| 3 years | +36% | +1.5M shares |
| 5 years | +62% | +2.2M shares |
| Available history | +1159% | +5.3M shares |
NFE 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 | — |
NFE Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q2 2025 | 89.6x | High |
| Q1 2025 | 17.1x | High |
| Q4 2024 | 12.0x | High |
| Q3 2024 | 9.8x | High |
| Q2 2024 | 8.4x | High |
| Q1 2024 | 6.6x | High |
| Q4 2023 | 5.9x | High |
| Q3 2023 | 5.9x | High |
NFE's net debt is more than 20 years of its operating earnings (EBITDA), up from 8.4 years a year ago.
SMR Net Leverage
SMR's operating earnings (EBITDA) were negative over the past year, so its debt can't be measured against them.
NFE Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 27.8 | Oversold |
| Stochastic | 7.8 | Oversold |
NFE's weekly RSI is 28 (oversold) and its Stochastic is 8 (oversold).
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).
NFE PE vs Utilities Sector
| Metric | NFE | Sector median | Relative |
|---|---|---|---|
| PE | N/A | 20x | — |
NFE has no meaningful PE right now: it lost money over the past year.
SMR PE vs Utilities Sector
SMR has no meaningful PE right now: it lost money over the past year.
NFE Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $4.81 | 24% below |
| 20 week MA | $11.5 | 68% below |
| 50 week MA | $32.6 | 89% below |
| 100 week MA | $163.0 | 98% below |
| 200 week MA | $746.1 | 100% below |
NFE is in a downtrend: it's below all five of its weekly moving averages, and 100% below its 200-week average.
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.
NFE Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $804.5 | $2,850.0 | +254% |
| 2021 | $2,850.0 | $1,262.5 | -56% |
| 2022 | $1,262.5 | $2,145.0 | +70% |
| 2023 | $2,145.0 | $1,886.5 | -12% |
| 2024 | $1,886.5 | $722.5 | -62% |
| 2025 | $722.5 | $58.5 | -92% |
| 2026 YTD | $58.5 | $3.67 | -94% |
NFE has finished three years in a row lower, and it's down 94% so far in 2026.
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 has the edge over NFE on returns for 2026, with the stronger performance.