Barclays initiated coverage of NuScale Power (SMR) with an Equal Weight rating and $45 price target The firm believes the limited number of ways to invest in the small modular reactor theme in public markets is working in the stock’s favor. However, it views Oklo (OKLO) as a more levered way to invest in the small modular reactor theme. NuScale’c current valuation requires a “catch-up on execution to be justified,” Barclays contends.
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