NuScale Power Drops 5% as UBS Cuts to Sell on Timeline and Cash Burn, Oklo Slips
UBS cited a more than 5-year build timeline, no firm customer commitments and $700 million in projected cash burn.
7 Articles
7 Articles
UBS Downgrades NuScale Power (NYSE: SMR), Citing $95 Million EBITDA Gap And 40% Downside Risk
NuScale Power Corp. (NYSE: SMR) dropped 13.66% intraday after UBS downgraded the small modular reactor developer to Sell from Neutral and slashed its price target. UBS analyst Jon Windham cut his price target on NuScale to $6 from $10, implying approximately 40% downside from prevailing market levels. Windham pointed to an extended build timeline and […]
NuScale Power Drops 5% as UBS Cuts to Sell on Timeline and Cash Burn, Oklo Slips
NuScale Power (NYSE:SMR) stock is down 5% to $9.72 in early Friday trading after UBS downgraded shares to Sell from Neutral and cut its price target to $6. The uranium and nuclear complex is close to flat this morning, and that gap points to a company-specific reaction inside the group. The SPDR S&P 500 ETF […]
NuScale Stock Plunges 15.7% After UBS Sell Call—Why $6 Is Still 30% Lower
NuScale Power shares closed Friday at $8.61, down 15.67%, after UBS cut the small-reactor developer to Sell and slashed its price target to $6 from $10. The closing price already erased much of the value that UBS was challenging before the bell. Even so, the new target is another 30.3% below Friday’s finish. This was…
NuScale Power (NYSE:SMR) Shares Gap Down – What’s Next?
NuScale Power Corporation (NYSE:SMR – Get Free Report)’s share price gapped down prior to trading on Friday . The stock had previously closed at $10.21, but opened at $9.66. NuScale Power shares last traded at $9.41, with a volume of 11,249,485 shares changing hands. Analyst Ratings Changes Several analysts have commented on the company. Royal […]
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