BTIG raised the firm’s price target on Nuscale Power (SMR) to $22 from $20 and keeps a Buy rating on the shares after its Q1 revenue topping consensus. The company expects to receive Standard Design Approval for its 77MW design from the NRC in July, and this SDA approval is seen as a key catalyst that should facilitate U.S. orders, with management expecting to secure a firm order by the end of 2025, the analyst tells investors in a research note.
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