BofA Reinstates NuScale Power (NYSE: SMR) At Neutral With $12 Price Target Amid Funding Concerns

BofA Reinstates NuScale Power (NYSE: SMR) At Neutral With $12 Price Target Amid Funding Concerns

BofA reinstated coverage of NuScale Power Corporation (NYSE: SMR) on May 22 with a “Neutral” rating and assigned the stock a price target of $12. The analyst firm highlighted NuScale’s status as the only company with a U.S. Nuclear Regulatory Commission Standard Design Approval, granting it a significant first-mover regulatory advantage. BofA also noted that NuScale’s use of conventional low-enriched uranium fuel provides “a clear credibility le…