This Palatin Technologies Analyst Begins Coverage On A Bullish Note; Here Are Top 4 Initiations For Friday
Analysts initiated coverage: Neutral on KEEL ($2), Buy on PTN ($12), FRVO ($17) and YARW ($60).
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Wedbush analyst Seth Basham initiated coverage of NuScale Power Corporation with an 'Underperform' rating and a $5 price target, citing concerns over the company's commercial progress.
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Analysts initiated coverage: Neutral on KEEL ($2), Buy on PTN ($12), FRVO ($17) and YARW ($60).
NuScale Power Corporation filed its 10-Q quarterly report for the period ending September 30, 2026, reporting revenue of $281,000 and a net loss of $45.7 million.
Filed: 2026-11-05 AccNo: 0001822966-26-000089 Size: 2 MB Item 2.02: Results of Operations and Financial Condition Item 9.01: Financial Statements and Exhibits
Analysts initiated coverage: BMO rated Astera Labs Outperform with a $375 target; Citi rated ATI Buy with a $229 target.
Zacks analysts discuss three advanced nuclear energy companies ahead of earnings. Oklo Inc. is set to report Q3 2026 results with expected $2.2M in revenue but continued losses. The analysis highlights long-term growth potential from Aurora projects and supply chain expansion, but warns of near-term challenges including rising expenses, higher capital spending, and a history of earnings misses. Investors are cautioned to consider reducing exposure rather than initiating new positions.
NuScale Power's stock has declined 85% from its 52-week high, prompting Barclays to reduce its price target from $11 to $5. The company has achieved regulatory approval for its small modular nuclear reactor design but lacks a signed customer contract, which is critical to validate its business model. NuScale is burning through cash while awaiting potential deals with RoPower in Romania and ENTRA1 Energy in the U.S., with negotiations expected to extend into early 2027.