RBC Capital lowered the firm’s price target on NuScale Power (SMR) to $14 from $21 and keeps a Sector Perform rating on the shares after its Q4 results last week. The company continues to work towards commercialization and both the RoPower and ENTRA1/TVA project are headed in the right direction with incremental progress, though the process to FID – Final Investment Decision – is lengthy, the analyst tells investors in a research note.
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