Discover why NuScale Power Corporation (NYSE:SMR) is gaining attention as a leading developer of advanced nuclear reactors. CLSA has initiated coverage on the stock with an Outperform rating and a price target set at $11.00. Despite expected operating losses in the near term, NuScale's promising future is supported by various mechanisms.
Key catalysts for NuScale's growth include regulatory approvals, successful technology demonstrations, and increasing customer interest. With backing from parent company Fluor (NYSE:), an 'ATM Programme', and DOE cost-share programs, the company is projected to become profitable by 2028.
Investors should closely monitor NuScale's progress as it navigates towards profitability. Real-time data from InvestingPro shows positive investor sentiment, with a market cap of $2.15 billion and a 23.64% return over the last week. While NuScale holds more cash than debt, analysts anticipate a sales decline this year.
Stay informed with InvestingPro's insights on NuScale Power Corporation's financial metrics and future prospects. Don't miss out on the potential growth opportunities this innovative company has to offer.
Analysis:
NuScale Power Corporation (NYSE:SMR) is on the path to revolutionizing the energy sector with advanced nuclear reactor technology. Despite initial operating losses, support from key stakeholders and a clear roadmap to profitability by 2028 make NuScale a compelling investment opportunity.
Investors should consider the positive outlook highlighted by CLSA's coverage, along with InvestingPro's real-time data, to make informed decisions. NuScale's progress towards regulatory approvals and technology demonstrations will be critical in achieving the $11.00 price target and solidifying its position as a leader in the industry.