Every belief about nuclear baseload demand, hyperscaler PPA flow, and behind-the-meter permitting advantage hardened further, with no offsetting softening. SMR is riding a widening demand thesis that still lacks a signed definitive PPA to anchor it.
Tessara post-call read · synthesized from the earnings-call transcriptreported May 7, 2026
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What moved, what it means for the thesis, and the signal others missed. Every name you cover, the night it prints.