NuScale Power upgraded to Neutral at BofA post correction

As previously reported, BofA upgraded NuScale Power (SMR) to Neutral from Underperform with a price target of $28, down from $34. Following the recent stock correction, the firm’s revised view now implies deployments closer to its base case, the analyst tells investors. The derisked LWR design and TVA -anchored first-mover licensing bolster credibility, but front-loaded ENTRA1 dilution and limited contract visibility cap near term upside, the analyst contends. On the Small module reactors group, the firm adds that policy momentum “lowers friction but does not pull timelines forward, making 2026 a screening year rather than a build year.”