NuScale Power Price Target Slashed to $19 as Q1 Revenue Falls 96%
SMR•B. Riley lowered its NuScale Power price target to $19 from $24, implying 48.9% upside based on the $12.76 share price. NuScale posted Q1 revenue of $0.6M versus $13.4M year ago, a $0.14 loss, and used $314.7M in operating cash while advancing NRC-certified SMR designs and a 6GW TVA portfolio.
1. Price Target Adjustment
B. Riley reduced NuScale Power's price target from $24 to $19 while retaining a bullish outlook, implying a potential 48.9% upside based on the current $12.76 share price.
2. Q1 Financial Performance
NuScale reported Q1 revenue of $0.6 million compared with $13.4 million a year earlier, recorded a basic and diluted loss of $0.14 per share, and used $314.7 million in operating cash versus $22.8 million a year ago.
3. SMR Certification Progress
The company’s 50 MWe small modular reactor design has received full NRC certification, and its uprated 77 MWe design secured Standard Design Approval in 2025, though site-specific permits and operating licenses remain necessary.
4. TVA Collaboration and Growth
NuScale and its partner ENTRA1 Energy are exploring a 6 GW nuclear portfolio on TVA sites targeting data centers, industrial users and other large-load customers as a key long-term commercialization opportunity.
