Nuscale Power price target raised to $8 from $4.25 at Canaccord

Canaccord analyst George Gianarikas raised the firm’s price target on Nuscale Power to $8 from $4.25 and keeps a Buy rating on the shares. The firm said they reported 4Q23 earnings highlighting RoPower project progress and a burgeoning opportunity set driven by a tightening grid and escalating demands for power; all intensified by increasing data center electricity demand.