Texas Capital Initiates Coverage of NuScale Power Corporation (SMR) with a Buy Rating
✦ NabkaNews BriefAuto-summarized from multiple outlets · verify with the source
Texas Capital Securities has initiated coverage of NuScale Power Corporation with a buy rating, with some outlets reporting a target price of $23. However, NuScale Power's stock has recently experienced a decline, with some reports citing concerns over a potential doubling of the share count. The company has also launched a $1 billion at-the-market stock offering program, amid reports of strategic moves and market optimism about its small modular reactor technology.
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