RBC Cuts NuScale Price Target to $21, Keeps 'Sector Perform'

Overview

• RBC lowered its target from $32 to $21 on January 20 as part of a broader clean‑energy sector preview.
• NuScale shares fell 2.08% during the week of January 16–23, according to market tracking by Insider Monkey.
• RBC assigned a Speculative Risk label because the company’s SMR technology has not been deployed at commercial scale.
• The revised target still implied more than 6% upside versus recent levels, reflecting an improving macro backdrop for clean energy.
• NuScale markets a 12‑module SMR plant capable of up to 924 MWe, and coverage notes nuclear is drawing interest from hyperscalers signing long‑term clean‑power PPAs.