TD Cowen analyst Marc Bianchi has maintained their bullish stance on SMR stock, giving a Buy rating on November 4.
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Marc Bianchi has given his Buy rating due to a combination of factors surrounding NuScale Power’s strategic partnerships and financial agreements. The company has entered into a significant Partnership Milestone Agreement with ENTRA1, which could potentially lead to substantial payments supporting the commercial development of NuScale’s technology. This agreement is structured in milestones, with the first payment already initiated and further payments contingent on future developments, such as a binding Power Purchase Agreement (PPA).
Additionally, the recent announcement by FLR to monetize its stake in NuScale by mid-2026, while maintaining certain restrictions to preserve equity value, is seen as a strategic move that aligns both parties’ interests in the capital markets. These developments, coupled with the validation of ENTRA1’s capabilities through international agreements, provide a positive outlook for NuScale’s growth and market position, justifying the Buy rating.
Bianchi covers the Energy sector, focusing on stocks such as NOV, Baker Hughes Company, and TechnipFMC. According to TipRanks, Bianchi has an average return of 1.4% and a 45.23% success rate on recommended stocks.