Northland analyst Jeff Grampp lowered the firm’s price target on NuScale Power (SMR) to $30 from $40 and keeps a Market Perform rating on the shares. NuScale’s Q3 focused on potential timing of a firm order, which the firm thinks slips into 2026, and payment structure to ENTRA1 as part of a previously announced Partnership Milestone Agreement. The firm reduced its target as it pushes out deployment timing and revised the timing of working capital needs with the PMA, the analyst noted.
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