NuScale Power initiated with an Overweight at Cantor Fitzgerald

Cantor Fitzgerald initiated coverage of NuScale Power (SMR) with an Overweight rating and $55 price target NuScale, the only company with NRC-approval for its small modular reactor designs, has shifted its focus toward securing a multi-gigawatt supply of module production to fulfill its 78-module demand funnel, the analyst tells investors in a research note. Cantor thinks NuScale will be a big winner during the coming multi-trillion-dollar energy transition.

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