Why NuScale Power Stock Just Popped 8% [Yahoo! Finance]
NuScale Power Corporation (SMR)
Company Research
Source: Yahoo! Finance
ET Friday after investment bank CLSA initiated coverage of the stock with an "outperform" ( i.e., buy ) rating and an $11 price target on the $9 stock. If CLSA's right about that, NuScale investors stand to earn 18% profits over the next year -- on top of today's gain. What CLSA said about SMR And yet, if CLSA is optimistic about NuScale stock, it has a funny way of showing it. Commenting on StreetInsider.com this morning, CLSA warned that NuScale depends on support from nuclear power plant builder and NuScale parent company Fluor Corporation to cover its operating losses, which are expected to continue for at least "several years." The company will also need to win government grants in the form of "DOE cost-share programmes" to cover its losses. And even then, CLSA anticipates NuScale will need to sell stock and dilute shareholders through an "ATM Programme" of share sales. All things considered, CLSA doesn't see SMR stock turning profitable before 2028. Is NuScale Power
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SMR
News
- Should You Buy NuScale Power While It's Below $10? [Yahoo! Finance]Yahoo! Finance
- U.S. gasoline prices poised to drop below $3/gallon ahead of election, analysts say [Seeking Alpha]Seeking Alpha
- NuScale Power Co. (NYSE: SMR) is now covered by analysts at CLSA. They set an "outperform" rating and a $11.00 price target on the stock.MarketBeat
- Bragar Eagel & Squire, P.C. Is Investigating Paragon 28, Bumble, Cardlytics, and NuScale and Encourages Investors to Contact the FirmGlobeNewswire
- NuScale Power Down 20.3% in a Month: Is SMR Stock a Buy on the Dip? [Yahoo! Finance]Yahoo! Finance
SMR
Earnings
- 8/8/24 - Miss
SMR
Sec Filings
- 9/16/24 - Form 4
- 9/13/24 - Form 144
- 8/28/24 - Form 4
- SMR's page on the SEC website