Texas Capital initiated coverage of NuScale Power (SMR) with a Buy rating and $23 price target NuScale offers exposure to the first and only small modular reactor approved by the U.S. Nuclear Regulatory Commission, relying on conventional low-enriched uranium that is broadly available today, further de-risking the supply chain relative to many peers, the analyst tells investors.NuScale offers “differentiated exposure” to advanced nuclear development with less regulatory, supply chain, and execution risk relative to public peers, the analyst added.
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