Nuscale Power price target lowered to $14.50 from $17 at TD Cowen

TD Cowen analyst Marc Bianchi lowered the firm’s price target on Nuscale Power to $14.50 from $17 and keeps an Outperform rating on the shares. The analyst lowered estimates and target to reflect lower cash flow due to higher R&D, delays in CFPP progress payments, and lower DOE cost share.