NuScale Power (SMR) – Among the Best Energy Stocks to Buy According to Wall Street Analysts
NuScale Power Corporation (NYSE:SMR) is included among the 14 Best Energy Stocks to Buy According to Wall Street Analysts.
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NuScale Power Corporation (NYSE:SMR) provides small modular reactor technology solutions. Its groundbreaking NuScale Power Module is a 12-module plant that can produce up to 924 MWe of carbon-free energy.
NuScale Power Corporation (NYSE:SMR) had a setback on March 19 when UBS reduced its price target on the stock from $20 to $13, while keeping a ‘Neutral’ rating on the shares. The lowered target still reflects an upside potential of over 9% from the current share price.
NuScale Power Corporation (NYSE:SMR) boasts a significant first-mover advantage over other next-gen nuclear reactor developers, since its NuScale Power Module is the only small modular reactor (SMR) with a standard design approval from the Nuclear Regulatory Commission. However, while the company currently has two designs approved by the NRC, it has yet to manufacture and sell its first SMR for commercial use.
NuScale Power Corporation (NYSE:SMR) was recently included in our list of the Top 10 Nuclear Energy Stocks to Invest in for the Next 5 Years.
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