Keefe Bruyette raised the firm’s price target on Nuscale Power (SMR) to $34 from $17 and keeps a Market Perform rating on the shares. The firm cites broad policy support for nuclear energy and significant demand for firm power from data center customers for the price target increase. UBS remains cautiously optimistic on the outlook for Nuscale Power and nuclear companies broadly, given a supportive policy environment juxtaposed against historical cost overruns and operational challenges for the industry.
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