NuScale Power initiated with a Market Perform at Northland

Northland initiated coverage of NuScale Power (SMR) with a Market Perform rating and $35 price target Nuclear power is “finally having a moment” after “years of being ignored,” says the analyst, who is long-term bullish on the space given its attractiveness as a scalable, carbon-free baseload energy source as well as “major” policy tailwinds. Commercializing new technology and scaling the supply chain “likely will not be smooth,” but the upside for nuclear players is “substantial,” the analyst tells investors.