RBC Capital analyst Christopher Dendrinos initiated coverage of NuScale Power (SMR) with a Sector Perform rating and $35 price target Nuclear energy is “poised for a resurgence” from growing demand for always-on clean power, which offers a strong growth opportunity for NuScale, the analyst tells investors in a research note. RBC believes the company is well positioned to capitalize on the demand, but says NuScale’s timelines are underappreciated. It wants to see more proof of scalability for the partnership model before turning more recommending the shares.
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