Why NuScale Power Stock Is Charging Higher This Week [Yahoo! Finance]
NuScale Power Corporation (SMR)
Company Research
Source: Yahoo! Finance
That earlier surge was prompted by news that the Department of Energy planned to provide $900 million in funding to support the deployment of small modular reactors (SMRs) of the type that NuScale is developing. But the catalyst for the nuclear energy stock's latest rise appears to have been an analyst's auspicious outlook on the company's future. According to data provided by S&P Global Market Intelligence , from the end of last week's trading session through the close of trading Thursday, NuScale Power rose by 19.6%. A new take on how high NuScale Power can run On Thursday morning, B. Riley Securities analyst Ryan Pfingst hiked his price target on NuScale to $14 from $8. From its closing price of $11.52 on Wednesday, Pfingst's target implies an upside of about 22%. According to TheFly.com, Pfingst predicated his new price target on the company's improved financial situation in light of the recently announced government funding for small modular reactor projects. Additionally
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SMR
News
- NuScale Power Co. (NYSE: SMR) had its price target raised by analysts at B. Riley from $8.00 to $14.00. They now have a "buy" rating on the stock.MarketBeat
- Why NuScale Power Stock Is Soaring This Week [Yahoo! Finance]Yahoo! Finance
- Why NuScale Power Stock Heated Up Today [Yahoo! Finance]Yahoo! Finance
- If You'd Invested $10,000 in NuScale Power Stock at Its IPO, Here's How Much You'd Have Today [Yahoo! Finance]Yahoo! Finance
- Desperate For Power, AI Companies Look To The Nuclear Option [Forbes]Forbes
SMR
Earnings
- 5/9/24 - In-Line
SMR
Sec Filings
- 5/29/24 - Form 4
- 5/29/24 - Form 4
- 5/29/24 - Form 4
- SMR's page on the SEC website