NuScale Power Shares Drop After UBS Downgrades Stock to Sell
NuScale Power (SMR) shares fell sharply on Friday after investment bank UBS downgraded the stock from Neutral to Sell, with a reduced price target of $6 per share. The downgrade reflects concerns that NuScale is losing its competitive edge in securing firm customer orders as rival companies advance their commercial small modular reactor (SMR) projects. UBS cited increasing difficulty for NuScale to maintain momentum amid growing competition and the lack of tangible progress on major contracts, which has led investors to question the company's long-term viability. The stock dropped 13.2% in response to the downgrade, signaling investor concern over its market position and future prospects. The move highlights broader challenges facing SMR developers as they navigate regulatory hurdles and commercial adoption delays.
Tickers: $SMR