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NuScale Power ( (SMR) ) has shared an update.
NuScale Power Corporation has entered into a Sales Agreement with several financial institutions, including UBS Securities LLC and TD Securities (USA) LLC, for an at-the-market offering program. This agreement allows NuScale to sell up to $500 million worth of its Class A common stock, providing the company with flexibility in raising capital to support its operations and strategic initiatives.
The most recent analyst rating on (SMR) stock is a Buy with a $16.00 price target. To see the full list of analyst forecasts on NuScale Power stock, see the SMR Stock Forecast page.
Spark’s Take on SMR Stock
According to Spark, TipRanks’ AI Analyst, SMR is a Neutral.
NuScale Power’s overall stock score reflects a company with strong revenue growth and strategic advancements in the SMR market, yet facing significant challenges with profitability and valuation. The financial performance struggles to maintain positive cash flows and earnings, impacting its attractiveness. Despite positive sentiment from the latest earnings call, the technical indicators and valuation concerns contribute to a cautious overall outlook.
To see Spark’s full report on SMR stock, click here.
More about NuScale Power
NuScale Power Corporation operates in the energy sector, focusing on the development and commercialization of small modular reactors (SMRs) for nuclear power generation. The company aims to provide scalable and sustainable energy solutions to meet growing global energy demands.
Average Trading Volume: 14,810,473
Technical Sentiment Signal: Buy
Current Market Cap: $10.87B
Find detailed analytics on SMR stock on TipRanks’ Stock Analysis page.