NuScale Power Shares Slide 7.18% After Fluor Sells $1.35 B Stake, Analysts Slash Targets
NuScale Power’s share price dropped 7.18% over Feb. 18–25 after Fluor sold 71 million shares for $1.35 billion and signaled plans to offload another 40 million in Q2. Barclays slashed its price target from $45 to $15; Cantor Fitzgerald cut its target from $55 to $20 while maintaining their ratings.
1. Decline After Fluor Divestment
Between Feb. 18 and 25, NuScale Power shares fell 7.18% following Fluor’s completion of a block sale of 71 million shares generating $1.35 billion, with a further 40 million shares slated for sale in Q2, intensifying near-term selling pressure.
2. Analyst Price Target Cuts
Barclays reduced its price target from $45 to $15 while maintaining an Equal Weight rating, and Cantor Fitzgerald lowered its target from $55 to $20 with an Overweight rating, reflecting concerns over share overhang and project delays.
3. Commercialization Prospects Remain
Despite near-term headwinds and delays in the RoPower announcement, analysts still express optimism about NuScale’s modular reactor technology and its potential to secure orders in the emerging small modular reactor industry over the coming years.