Cantor Fitzgerald lowered the firm’s price target on NuScale Power (SMR) to $20 from $55 and keeps an Overweight rating on the shares. The price target is being lowered due to near-term headwinds, including Fluor’s (FLR) active share sales, potential ATM-related pressure, and delays from the RoPower announcement, though optimism remains around NuScale’s commercialization prospects and long-term potential, the analyst tells investors in a research note.
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