UBS Cautious on NuScale Power Corporation (SMR) amid Near Term Headwinds

Core Viewpoint - Nuscale Power Corp (NYSE:SMR) is viewed as a promising industrial stock by Wall Street analysts, despite recent price target adjustments and near-term challenges [1][2]. Group 1: Analyst Ratings and Price Target - UBS analysts have maintained a Neutral rating on Nuscale Power Corp and reduced the price target from $38 to $20, indicating a significant upside potential despite the cut [1][2]. - Craig Hallum analyst Eric Stine has reiterated a Buy rating on the stock, suggesting confidence in its long-term prospects [3]. Group 2: Company Challenges and Outlook - The company is facing near-term headwinds, including the monetization of Fluor's stake and the need for new equity to fund milestone payments [2]. - Despite these challenges, analysts expect the solid business model and potential future revenue to enhance the long-term outlook for Nuscale Power [3]. Group 3: Governance and Management Updates - On November 17, Nuscale Power announced governance updates, including the appointment of David Tonnel as chief accounting officer, succeeding Jacqueline F. Engel [4]. - The board has also made amendments to bylaws, designating the chief accounting officer as a company officer and adopting a deferred compensation plan for non-employee directors [4]. Group 4: Company Overview - Nuscale Power develops and commercializes advanced Small Modular Reactor (SMR) technology aimed at providing safe, scalable, and carbon-free nuclear energy for various applications, contributing to the global energy transition [5].