B. Riley notes that NuScale Power (SMR) reported Q4 earnings after the close on March 3, saying it recognized $34.2M in revenue during the quarter, driven largely by RoPower FEED Phase 2 progress. Full-year revenue was $37.0M. The company continues to prepare for commercialization and highlighted ongoing advanced discussions with U.S. hyperscalers, the firm adds. NuScale’s commercialization partner, ENTRA1, is leading discussions and remains an important conduit for NuScale and prospective customers who don’t have the experience or desire to operate the assets themselves. With the company’s balance sheet strengthened, B. Riley believes announcing a new project remains key for sentiment. The firm has a Buy rating on the shares with a price target of $28.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SMR:
- NuScale Power’s Strategic Positioning and Financial Performance Justify Buy Rating
- NuScale Power Reports 2024 Financial Results and Strategic Progress
- Nuscale Power reports Q4 revenue $34.2M vs $4.6M last year
- Nuscale Power Corp options imply 14.3% move in share price post-earnings
- Options Volatility and Implied Earnings Moves Today, March 03, 2025