NuScale Power Corp. upgraded
Bank of America upgraded NuScale Power Corp. from Underperform to Neutral on Friday. The stock had fallen nearly 9% over the last month. The bank lowered its price target from $34 to $28. Even with the lower target, the stock still implies around 42% upside from its previous closing price. Analysts highlighted the company’s derisked light-water reactor design and its licensing agreement with the Tennessee Valley Authority. Both factors make NuScale more credible in the small modular reactor market. The upgrade sparked renewed buying interest among investors.
Regulatory approvals
NuScale Power has made progress with regulators as well. In May 2025, the US Nuclear Regulatory Commission approved the company’s uprated reactor design, which increased the module’s capacity from 50 megawatt-electric (MWe) to 77 MWe. This approval made NuScale only the second small modular reactor to receive NRC clearance. The company’s technology gained further attention in September 2025, when the Tennessee Valley Authority partnered with ENTRA1 Energy to deploy up to six gigawatts of nuclear power using NuScale’s reactors. This deal reinforces the company’s position in the emerging SMR market and highlights growing interest in next-generation nuclear energy.
Stock performance
Even though it has remained flat over the past 12 months, SMR stock has risen 39% year-to-date. Analysts said that the recent jump reflects renewed optimism after a recent correction. Some caution remains, as limited contract visibility could restrict near-term gains. However, regulatory progress, strategic partnerships, and technology improvements suggest that the company could see long-term growth.
