BTIG downgrades NuScale Power to 'neutral', says waiting for more clarity on projects

Nuscale Power

25/06/2025 11:38

** BTIG downgrades small nuclear reactor developer NuScale Power SMR.N to "neutral" from "buy"; maintains $22 price target

** SMR shares down 4% in premarket trading

** Brokerage says it is waiting for the backlog to materialize and to get more clarity around project economics

** "We note while there is some expectation around the first customer being a hyperscaler, we would view any high-quality counterpart (potentially a utility) as a net positive as NuScale moves towards commercial production," - BTIG

** Brokerage sees President Trump's executive orders supporting the nuclear industry and the World Bank lifting its nuclear funding ban as positive catalysts

** 7 of 12 brokerages rate the stock "buy" or higher, 4 "hold" and 1 "sell"; median PT is $31.16 - data compiled by LSEG

** Up till last close, stock up 144.2% YTD

 (Reporting by Pooja Menon in Bengaluru)

 ((Pooja.Menon@thomsonreuters.com;))