Canaccord lowered the firm’s price target on NuScale Power (SMR) to $25 from $60 and keeps a Buy rating on the shares. The firm said they reported 4Q25 results that materially missed consensus estimates and their lowered target reflects slower-than-anticipated NPM deployment growth and ATM-driven dilution. During the quarter, NuScale sold roughly 39.3M shares through the company’s ATM.
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