As previously reported, BofA initiated coverage of NuScale Power (SMR) with a Neutral rating and $36 price target The developer of small modular reactor nuclear technology’s use of lightwater technology and LEU, rather than scarce HALEU, offers “a more de-risked fuel pathway” than peers, but the firm’s Neutral rating reflects the early commercialization stage, a lack of binding contracts, and a valuation that “already prices in significant future success,” the analyst tells investors.
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