Citi initiates coverage on NuScale Power with Neutral rating, citing leadership but warning of high valuation

From Financial Modeling Prep: 2025-06-23 16:09:00

Citi initiates coverage on NuScale Power (NYSE:SMR) with a Neutral rating and $46 price target, citing early leadership in modular nuclear technology but warning of high valuation and execution risk.

NuScale leads in small modular reactor design for data centers and AI infrastructure. Approval, partnerships, and lack of reliance on HALEU fuel give it a competitive edge over rivals.

Citi notes hurdles ahead for NuScale, with share price reflecting high capacity expectations by 2040. Firm sees potential catalyst in new customer contract but emphasizes focus on project execution and competition.

Overall, Citi sees NuScale as a promising player in a growing market but advises caution due to risk-reward profile.



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