B. Riley Adjusts NuScale Power Price Target to $10 From $15
B. Riley has revised its price target for NuScale Power Corporation, lowering it from $15 to $10 while maintaining a Buy rating.
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NuScale Power shares are trading lower Tuesday after Barclays downgraded the stock to Underweight and cut its price target to $5 from $11.
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B. Riley has revised its price target for NuScale Power Corporation, lowering it from $15 to $10 while maintaining a Buy rating.
AI power stocks including Oklo, NuScale, Bloom Energy, and Constellation Energy have declined 7-13% over the past week amid investor sentiment shifts, while energy giants Exxon and Chevron hit all-time highs. The author argues that established energy companies with proven business models and strong dividend histories are preferable to speculative AI power plays with uncertain futures.
Citi has reaffirmed its 'Sell' rating on NuScale Power Corporation while reducing its price target for the company's stock to $4.