Northland lowered the firm’s price target on NuScale Power (SMR) to $19 from $21 and keeps an Outperform rating on the shares. Management indicated progress is being made, and they are hopeful a deal can be executed this year on the 6 GW potential with the Tennessee Valley Authority, despite no tangible updates with Q1 earnings, says the analyst, who cites dilution on ATM usage year-to-date for the firm’s lowered target.
Meet Samuel – Your Personal Investing Prophet
Two ETFs for long or short leverage on SMRPublished first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SMR:
- NuScale Power price target lowered to $7 from $9 at Citi
- NuScale Power Balances Cash Strength With Revenue Strain
- Buy Rating Reaffirmed on NuScale as Strategic Partnerships Advance; $25 Price Target Maintained
- NuScale Power price target lowered to $9 from $10 at Goldman Sachs
- NuScale Power reports Q1 EPS -14c, consensus -14c