This Novo Nordisk Analyst Turns Bearish; Here Are Top 4 Downgrades For Friday - Chewy (NYSE:CHWY), Novo N

NuScale Power (NYSE: SMR) shares fell 7.17% after UBS downgraded the stock to Sell with a $6 price target, citing concerns over competitive edge, weak customer traction, and cash burn. Pomerantz LLP launched an investigation into potential securities fraud. The company reported $31.5M in revenue, significant losses, and negative cash flow. SMR's valuation is high with an enterprise value near $2.49B and a price-to-sales ratio above 300.

Jan van Eck, CEO of Van Eck Funds, suggests the nuclear energy sector may have bottomed out, citing a 20-year deal between Constellation Energy (CEG) and Google (GOOG, GOOGL) for 890 MW of nuclear capacity, backed by $4.3B in investment. The deal sparked a rally in nuclear stocks, with CEG up 12% and others like VST, TLN, OKLO, SMR, and NNE also gaining. Van Eck believes supporting AI infrastructure, like nuclear power, could rebound, though prediction markets see low odds for this year.

Oklo (OKLO) and NuScale (SMR) shares rose 9% and 7% respectively, driven by Google's nuclear energy commitment. Oklo achieved operational milestones, while NuScale advanced reactor technology. Analysts rate Oklo a Moderate Buy with an $73.28 average target, and NuScale a Hold with an $11.32 target.

Novo and Eli Lilly presented findings at a conference suggesting their GLP-1 weight-loss drugs may slow biological aging. Novo's semaglutide and Lilly's tirzepatide showed reductions in biological age of 2-4 years in overweight or diabetic patients. Both drugs are among the best-selling globally, with Lilly's tirzepatide generating $36B in 2023 revenue. The studies used proteomic and epigenetic clocks to measure aging effects.

Shares of Oklo (OKLO), NuScale Power (SMR), X-Energy (XE), and Nano Nuclear Energy (NNE) rose on Tuesday following Google's 20-year nuclear power deal with Constellation Energy (CEG). The deal includes a five-year AI technology partnership. All four stocks are down year-to-date, with NNE having a Strong Buy consensus and an average price target of $39.17.

Google's deal with Constellation Energy to upgrade nuclear reactors boosted shares of small modular reactor developers. NANO Nuclear Energy (NNE) +8%, Oklo (OKLO) +8%, NuScale Power (SMR) +7%. Global X Uranium ETF (URA) rose 5%. All three companies are pre-revenue, with NuScale having U.S. regulatory certification.