NuScale Power (SMR – Research Report), the Industrials sector company, was revisited by a Wall Street analyst yesterday. Analyst George Gianarikas from Canaccord Genuity maintained a Buy rating on the stock and has a $26.00 price target.
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George Gianarikas has given his Buy rating due to a combination of factors, including NuScale Power’s effective cash management and progress on RoPower contract milestones. The company’s commitment to securing a firm customer order by the end of 2025 further reinforces confidence in its future prospects. Additionally, the conclusion of the SEC’s investigation without any enforcement action against NuScale provides a positive regulatory backdrop.
Furthermore, Gianarikas highlights the broader nuclear energy landscape as promising, particularly in light of increasing electricity demand driven by AI and data center growth. The need for investment in the power grid and the role of nuclear energy in meeting this demand are emphasized. The Department of Energy’s support for nuclear energy as a vital component of the energy mix also contributes to the positive outlook for NuScale Power.
Based on the recent corporate insider activity of 54 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of SMR in relation to earlier this year.