Nuscale Power initiated with a Buy, $4.25 price target at Canaccord

As previously reported, Canaccord initiated coverage of Nuscale Power with a Buy rating and $4.25 price target. The human journey toward decarbonization, greater electrification, and the Energy Systems Revolution will likely require the clean, reliable, and flexible power granted through the deployment of nuclear reactors, argues the firm, which adds that we must “also learn to scale and deploy nuclear more effectively as costs remain a weighty obstruction to adoption.”