NuScale Power price target lowered to $32 from $35 at RBC Capital

RBC Capital lowered the firm’s price target on NuScale Power (SMR) to $32 from $35 and keeps a Sector Perform rating on the shares after its Q3 results. The company continues to work towards cmmercialization though no new updates on RoPower or ENTRA1/TVA timing were provided, the analyst tells investors in a research note. RBC adds however that the potential up to $25B investment announcement for ENTRA1 under the U.S.-Japan Framework Agreement is an important proof point, and the management indicated that this could be helping to support conversations with additional counterparties.