$NuScale Power.US is currently in a catalyst-dense zone, but its foundation is unstable. Retail investors shouldn't treat it as a long-term hold. Looking at the two main drivers of volatility separately makes it clearer: The bearish line — it fell from around $57 to the $17 range within 6 months, a cumulative drop of -70%. In mid-April, a securities fraud class-action lawsuit was filed, primarily accusing the company of misleading investors about the actual experience and role of its exclusive commercialization partner, ENTRA1 Energy LLC. This is a fundamental-level point of suspicion, not something that can be washed away in the short term. The bullish line — in mid-April, the U.S. Secretary of Energy clearly stated in Congress that the first 5–10 new nuclear reactor projects are "almost certain" to receive DOE loans, which directly impacts the financing costs for SMR (Small Modular Reactor) manufacturers like SMR. On April 17th, SMR surged because of this. Add to that the White House's space nuclear reactor roadmap and the commercial-grade high-temperature steam compressor collaboration with Ebara Elliott (delivery in 2027), the thematic catalysts are densely packed. This is a typical "narrative stronger than data" stock. The narrative direction is right, but the data realization timeline is very long (commercial revenue only after 2027). Trading this stock should be treated as event-driven, not a valuation-based buy. My own approach is to only participate on the day when solid catalysts like the DOE loan or a major contract materialize, avoiding the volatility.