TD Cowen analyst Marc Bianchi downgraded NuScale Power (SMR) to Hold from Buy without a price target The firm views the shareholder meeting starting on February 12 for NuScale’s customer Nuclearelectrica as a possible negative catalyst for the shares. Nuclearelectrica will be voting to adopt the final investment decision for its NuScale project at Doicesti, the analyst tells investors in a research note. TD expects the project to move forward but says new conditions transder some project risk to NuScale.
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