TD Cowen analyst Marc Bianchi has maintained their bullish stance on SMR stock, giving a Buy rating on May 13.
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Marc Bianchi has given his Buy rating due to a combination of factors that highlight NuScale Power’s promising future prospects. The company is optimistic about securing a definitive customer order by the end of 2025, which is a significant step forward in its business strategy. This potential order has prompted NuScale to invest in long-lead items for additional modules, indicating confidence in future demand and growth.
Additionally, NuScale’s financial health is robust, with cash and short-term investments reaching $527 million, providing a comfortable two-year cash flow runway. The strategic alliance with ENTRA1 further strengthens NuScale’s market position by granting exclusive rights for commercialization and sales, which could enhance revenue streams. Despite the delay in the Romania project’s final investment decision to early 2026, the company’s overall strategic initiatives and financial stability underpin Marc Bianchi’s Buy rating.
Bianchi covers the Energy sector, focusing on stocks such as Tenaris SA, TechnipFMC, and Baker Hughes Company. According to TipRanks, Bianchi has an average return of -2.0% and a 43.16% success rate on recommended stocks.
In another report released on May 13, BTIG also maintained a Buy rating on the stock with a $22.00 price target.