RBC Capital Initiates Coverage on NuScale Power Corporation (SMR) with a ‘Sector Perform’ Rating and a $35 Price Target

Core Insights - NuScale Power Corporation (NYSE:SMR) is recognized as a pioneer in small modular reactor (SMR) technology and is positioned to benefit from the increasing demand for sustainable electricity [3][4] - RBC Capital initiated coverage on NuScale with a 'Sector Perform' rating and a price target of $35, while assigning a Speculative Risk rating due to the need for more evidence of the scalability of its partnership model [2][3] Company Overview - NuScale Power Corporation specializes in SMR technology solutions, with its flagship product, the NuScale Power Module (NPM), featuring a water-cooled reactor that has a 77-megawatt electrical output [4] Market Position - The company is identified as one of the best nuclear energy stocks to invest in currently, reflecting its potential in the energy sector [1]