SMR
NuScale Power Corporation
SMR offers stronger modeled upside, but that advantage does not outweigh its weaker overall profile.
TLN
Talen Energy Corporation
TLN has the edge over SMR overall, supported by stronger fundamentals and lower modeled downside.
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.
TLN Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Under pressure | |
| Healthy | |
| Weak |
TLN's revenue and cash flow are currently healthy, but its profitability and balance sheet are under pressure.
SMR PE Valuation
SMR has no meaningful PE right now: it lost money over the past year.
TLN PE Valuation
TLN has no meaningful PE right now: it lost money over the past year.
SMR Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses shrinking | |
| Strong growth | |
| -- | |
| Limited | |
| High |
Analysts expect SMR's losses to shrink, with revenue growing.
TLN Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Strong growth | |
| Strong growth | |
| Strongly weakening | |
| Limited | |
| Low |
Analysts expect strong earnings and revenue growth for TLN, but weaker profitability. However, they disagree widely on these estimates.
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 TLN in the latest year-over-year earnings comparison.
TLN Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $24.96 | — |
| Q3 2026 | -$5.39 | -224% |
| Q2 2026 | -$4.02 | -223% |
| Q1 2026 | -$0.52 | -106% |
TLN has swung to a loss: it lost $5.39 per share over the past year, after a profit the year before.
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.
TLN Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $1.3B | +63% |
| Q2 2026 | $747M | +19% |
| Q1 2026 | $1.1B | +189% |
| Q4 2025 | $749M | +60% |
| Q3 2025 | $812M | +25% |
| Q2 2025 | $630M | +29% |
| Q3 2016 | $1.2B | -13% |
| Q2 2016 | $697M | -35% |
TLN's revenue has grown year over year for six quarters in a row: $1.3B last quarter, up 63% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 19% | -13 points |
| Q2 2026 | -9.6% | -20 points |
| Q1 2026 | 19% | +46 points |
| Q4 2025 | -42% | -45 points |
| Q3 2025 | 32% | +8.1 points |
| Q2 2025 | 10% | +5 points |
| Q1 2025 | -27% | N/A |
| Q4 2024 | 3.4% | N/A |
TLN has the edge over SMR on profitability, with a higher operating margin.
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 |
TLN has the stronger cash trend. Its trailing FCF is up 15% versus its history, compared with SMR at down 161%.
TLN Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $296M | -37% |
| Q2 2026 | -$573M | -$356M |
| Q1 2026 | $419M | +315% |
| Q4 2025 | $254M | +$271M |
| Q3 2025 | $468M | +464% |
| Q3 2016 | $274M | -9.6% |
TLN generated $396M in free cash flow over the past year, up 18% from the year before.
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 | — |
TLN Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +4.5% | +2.1M shares |
| 1 year | -1.3% | -609K shares |
| 3 years | -63% | -81M shares |
TLN has the edge over SMR on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $204M |
| Q2 2026 | $198M |
| Q1 2026 | $100M |
| Q4 2025 | — |
| Q3 2025 | — |
| Q2 2025 | $20M |
| Q1 2025 | $83M |
| Q4 2024 | $1B |
TLN spent $502M buying back its own shares over the past year, down 55% from the year before.
SMR Net Leverage
SMR's operating earnings (EBITDA) were negative over the past year, so its debt can't be measured against them.
TLN Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 18.3x | High |
| Q2 2026 | 22.4x | High |
| Q1 2026 | 11.1x | High |
| Q4 2025 | 32.4x | High |
| Q3 2025 | 4.9x | High |
| Q2 2025 | 6.8x | High |
| Q1 2025 | 7.0x | High |
TLN's net debt is about 18 years of its operating earnings (EBITDA), up from 4.8 years a year ago.
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).
TLN Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 56.6 | Neutral |
| Stochastic | 68.5 | Neutral |
TLN's weekly RSI is 57 (neutral) and its Stochastic is 68 (neutral).
SMR PE vs Utilities Sector
SMR has no meaningful PE right now: it lost money over the past year.
TLN PE vs Utilities Sector
| Metric | TLN | Sector median | Relative |
|---|---|---|---|
| PE | N/A | 20x | — |
TLN has no meaningful PE right now: it lost money over the past year.
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 |
TLN has stronger trend alignment. SMR is above 0 of 5 weekly averages versus TLN above 4 of 4.
TLN Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $344.4 | 12% above |
| 20 week MA | $340.7 | 13% above |
| 50 week MA | $353.4 | 9.4% above |
| 100 week MA | $323.0 | 20% above |
TLN is in an uptrend: it's above all four of its weekly moving averages, and 20% above its 100-week average.
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.
TLN Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2023 | $46.5 | $64.0 | +38% |
| 2024 | $64.0 | $200.1 | +213% |
| 2025 | $200.1 | $384.5 | +92% |
| 2026 YTD | $384.5 | $386.7 | +0.6% |
TLN has the edge over SMR on returns for 2026, with the stronger performance.