Cantor Fitzgerald cuts Nuscale Power stock price target on revenue timing
Cantor Fitzgerald reduced its price target for Nuscale Power (NYSE:SMR) to $15 from $20, citing delayed revenue from commercial projects. The stock is trading near its 52-week low. Nuscale reported a smaller-than-expected Q3 loss but missed revenue forecasts. Goldman Sachs maintained a Neutral rating with a $4 target, while Canaccord lowered its target to $11. Nuscale has $1.9B in liquidity and announced a contract with Doosan for component production.
How this was made
The 30-second read
Why it matters
The earnings miss and lowered guidance drive a bearish outlook, but the new Doosan contract and strong cash position provide a floor.
Market read
Analyst downgrades and earnings miss create short‑term downside pressure on SMR, with potential sector ripple effects.
What to watch
Potential future power purchase agreement with TVA could unlock upside if signed.
Background
NuScale Power (NYSE:SMR) is a micro‑modular nuclear reactor developer. Recent analyst coverage adjusted targets after Q3 results.
Ticker impact
Cantor Fitzgerald lowered its price target to $15 and Canaccord to $11 after NuScale Power reported Q3 results with revenue of $280k versus $3.45M expectations.
likely downside as the market prices in weaker revenue and lower targets
Target cuts and earnings miss are fresh facts that directly affect valuation expectations.
Market effects
Small‑cap nuclear energy sector may see broader risk aversion after NuScale's miss.
U.S. small‑cap indices could face slight pullback.
Limited to investors tracking nuclear tech and clean‑energy plays.
Counterpoint
The contract with Doosan and liquidity of $1.9B could support a longer runway, suggesting the price may be oversold.
Key entities
- companyNuScale Power
Micro‑modular nuclear reactor developer
- analystCantor Fitzgerald
Reduced price target to $15
- analystCanaccord
Reduced price target to $11
