Nuscale Power price target raised to $41 from $31 at CLSA

CLSA analyst Max Hopkins raised the firm’s price target on Nuscale Power (SMR) to $41 from $31 and keeps an Outperform rating on the shares. The Trump Administration’s three executive orders for the U.S. nuclear energy industry that provide guidelines for specific aspects of the nuclear value chain are “impressive,” says the firm, which believes elevated multiples are warranted in the space given that the orders provide “clarity and goalposts that were previously untenable.” Following Trump’s nuclear orders, the firm is assuming Nuscale will increase its share of the nuclear market from 7% to 8% by 2034.