Financial Growth PotentialRaising the price target to $26 and reiterating the BUY rating reflects confidence in NuScale's future growth and financial performance.
Market Demand And Strategic PositioningUtilities continued to highlight their interest in nuclear power and SMRs specifically, with companies like AEP mentioning they were closely monitoring NuScale's project with RoPower.
Technological AdvantageNuScale is the only company to have received Standard Design Approval (SDA) from the US Nuclear Regulatory Commission (NRC), first for their 50 MWe SMR design in 2020 and more recently for their 77 MWe design in 2023.