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Canaccord Genuity has maintained a 'Buy' rating on NuScale Power while lowering its price target from $15 to $11.
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Oklo outlined its strategy to build multi-reactor power fleets while commercializing fuel and isotope capabilities. Key highlights include plans to sell fuel fabrication capacity to third-party reactor operators as a standalone revenue stream, completion of Groves-1 test reactor construction in under a year, and securing component capacity for 27 Aurora reactor modules through 2035 via a long-lead supplier contract with U.S. Forged Rings.
NuScale Power's stock has plummeted 67% in 2026, falling from $15 to under $5 per share, driven by waning AI enthusiasm and delayed power purchase agreements. While the company operates in a multi-trillion-dollar nuclear energy opportunity fueled by AI data center demand, its valuation depends heavily on a signed PPA with ENTRA1 and TVA for its 6-gigawatt SMR project. Investor sentiment has shifted as AI companies face funding constraints and consider alternative energy sources.
RBC Capital Markets maintained its "Sector Perform" rating on NuScale Power while lowering the price target from $7 to $5.
NuScale Power (SMR) reported Q3 2026 results showing transition from technology development to manufacturing. The company signed an agreement with Doosan Enerbility for critical reactor component fabrication and maintains $1.9B in liquidity. Commercial progress hinges on TVA power purchase agreement and a separate OEM deal with ENTRA1 Energy. Revenue missed expectations at $0.28M versus $3.1M consensus, while the company strengthened its supply chain with over 60 specialized suppliers.
NuScale Power signed a manufacturing agreement with Doosan Enerbility to begin fabrication of key reactor components for its small modular reactors. The deal secures long-lead nuclear components needed for commercial deployment in the early 2030s. However, NuScale still lacks major commercial customer commitments, unlike competitors X-Energy, making it a speculative investment despite its NRC approval advantage.