Movement Alert|NuScale Power Falls 8.42% in Regular Trading, UBS Downgrades to Sell With Target Price Slashed to $6

Market Focus
Sep 11

On September 11, NuScale Power fell 8.42% in regular trading, trading at $9.26 per share, with turnover of approximately $76.64 million. The decline was triggered by UBS downgrading NuScale Power from Neutral to Sell, while slashing the price target from $10 to $6, implying roughly 36% downside from the prior trading level.

The bearish call from UBS comes amid persistent fundamental headwinds for the company. NuScale reported Q2 revenue of just $75,000, significantly missing the $8.91 million consensus estimate, while Q1 revenue of $565,000 also fell far short of the $14.67 million estimate. Additionally, the company recently filed to issue up to $750 million in Class A common stock via an at-the-market offering, raising dilution concerns. Multiple analysts have trimmed their targets in recent months, with B. Riley cutting to $15 from $19 and RBC lowering to $10 from $14. The FactSet consensus currently stands at a Hold rating with a mean target of $12.37.

NuScale Power is a small modular nuclear reactor developer whose flagship VOYGR power plant can house up to 12 modules generating a combined 924 MWe of carbon-free electricity.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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