Canaccord analyst George Gianarikas raised the firm’s price target on Nuscale Power (SMR) to $35 from $26 and keeps a Buy rating on the shares. The firm said the NRC website shows that NuScale’s 77 MWe per nuclear power module (NPM) uprate has been approved. The uprate approval removes an overhang and a point of contention for investors. It also provides a glidepath for a potential firm order by end of the year.
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