NuScale Power upgraded to Outperform at Northland after 26% pullback

As previously reported, Northland analyst Jeff Grampp upgraded NuScale Power (SMR) to Outperform from Market Perform with a price target of $21, down from $30. With the stock down about 26% over the last year, significantly underperforming six nuclear peers that are up 86%, the firm believes shares are “priced too low,” the analyst tells investors. While NuScale did not meet its goal of securing an order in 2025, they successfully received an uprate in their NPM to 77 MWe, secured a 6 GW potential deal with TVA and remain the only NRC-approved SMR, the analyst added.

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