NuScale Power Stock Soars as Analyst Boosts Price Target on Nuclear Deal

NuScale Power Corporation (NYSE: SMR) is experiencing a surge in market optimism as Canaccord Genuity significantly raised its price target, signaling strong confidence in the company's strategic direction and technological advancements.

The Nuscale stock price, currently trading up 10% today at $41, has already demonstrated impressive YTD gains of 130%, reflecting growing investor interest in the small modular reactor (SMR) space.

The primary catalyst for this renewed bullishness is NuScale's strategic partnership with ENTRA1 Energy and the Tennessee Valley Authority (TVA). This collaboration aims to deploy up to 6 gigawatts of new nuclear power generation across TVA's seven-state region, potentially powering 4.5 million homes. ENTRA1 Energy plans to utilize NuScale's SMR equipment within its energy plants, a validation that has prompted Canaccord to revise its estimates and price target upwards.

The firm now projects a target of $60, a substantial increase from the previous $44, maintaining a “Buy” rating on the shares.

This partnership is viewed as a pivotal step in advancing advanced nuclear technology in America. The TVA, a federally owned utility with considerable regulatory expertise, provides a streamlined pathway for permitting and construction, mitigating potential cost risks. This strategic alignment is particularly important given the increasing demand for low-carbon energy solutions and the need for scalable nuclear innovation.

Regulatory Milestones and Market Position

NuScale's recent achievement of Standard Design Approval (SDA) from the U.S. Nuclear Regulatory Commission (NRC) for its 77 MWe SMR design further solidifies its market position. As the only SMR developer with two NRC design certifications, NuScale is well-positioned to capitalize on high-demand sectors such as AI and semiconductor manufacturing, which require reliable and clean energy sources. The company's regulatory credibility, coupled with the TVA-ENTRA1 partnership, enhances its appeal to investors seeking stable and long-term growth opportunities.

The financial performance of NuScale also contributes to the positive sentiment. In the second quarter of 2025, the company reported revenues of $8.1 million, a remarkable 733% increase from the $967,000 reported in the same quarter of the previous year. While this revenue figure missed the Zacks Consensus Estimate by 11.15%, the significant year-over-year growth underscores the company's expanding operations and increasing market traction. Additionally, the reported loss per share of 13 cents was narrower than the 31 cents loss reported in the year-ago quarter, indicating improved financial efficiency.