Analyst George Gianarikas from Canaccord Genuity maintained a Buy rating on NuScale Power (SMR – Research Report) and keeping the price target at $26.00.
George Gianarikas has given his Buy rating due to a combination of factors including NuScale Power’s strong cash management and a significant revenue boost from achieving milestones in the RoPower contract. The company’s financial performance exceeded expectations, with a notable increase in quarterly revenue, which demonstrates its potential for future growth.
Furthermore, NuScale holds a unique position as the only small modular reactor (SMR) approved by the US Nuclear Regulatory Commission, which is expected to drive significant adoption as demand for data centers and strategic energy solutions grows. The management’s confidence in securing upcoming contracts and their proactive steps in ordering materials for future projects also contribute to the positive outlook. Overall, Gianarikas believes that NuScale’s technology and strategic positioning will lead to substantial market traction, justifying the Buy rating.
Based on the recent corporate insider activity of 40 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of SMR in relation to earlier this year.