SCHEDULE: Goldman Sachs Discloses 9% Stake in NuScale Power

The Goldman Sachs Group and its subsidiary Goldman Sachs & Co. LLC reported a 9.0% beneficial ownership stake in NuScale Power Corp. as of December 31, 2025.

Summary

• The Goldman Sachs Group, Inc. and its subsidiary, Goldman Sachs & Co. LLC, jointly filed a Schedule 13G.
• They reported beneficial ownership of 25,511,936.04 shares of NuScale Power Corp.'s Class A common stock.
• This represents 9.0% of the Class A common stock outstanding.
• The shares are primarily held with shared voting power (25,511,732.04 shares) and shared dispositive power (25,511,899.04 shares).
• The filing certifies that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of NuScale Power Corp.

Sentiment

Score: 6

Explanation: StockSavvy.ai views this as a neutral to slightly positive development, reflecting a significant institutional stake by Goldman Sachs in NuScale Power, which can be interpreted as a vote of confidence without implying active control.

Positives

• Significant institutional investment by The Goldman Sachs Group, Inc. and Goldman Sachs & Co. LLC, holding 9.0% of NuScale Power Corp.'s Class A common stock.

Future Outlook

NA

Industry Context

StockSavvy.ai notes that a significant stake by a major financial institution like Goldman Sachs can signal confidence in the long-term prospects of NuScale Power, a company focused on small modular reactor (SMR) technology, which is a growing segment in the energy sector. This type of passive investment is common for large asset managers.

Comparison to Industry Standards

• A 9.0% stake by a major financial institution like Goldman Sachs is a substantial passive investment, indicating a notable position in NuScale Power Corp.
• This level of ownership is typical for large institutional investors managing diverse portfolios, aligning with standard practices for asset allocation in publicly traded companies.

Stakeholder Impact

• Shareholders: Existing shareholders may view Goldman Sachs's significant stake as a positive signal of institutional confidence in NuScale Power.

Key Dates

Recommendation

The filing is a passive ownership disclosure by a major institutional investor, Goldman Sachs, indicating a significant stake in NuScale Power. While it signals institutional confidence, it does not provide new operational or financial information about NuScale Power that would warrant a change in investment thesis. Therefore, a "hold" recommendation is appropriate for investors who already have a position, pending further operational updates from NuScale.

Keywords

NuScale Power, Goldman Sachs, Schedule 13G, Beneficial Ownership, Institutional Investment, Class A Common Stock, SEC Filing, Passive Investment