NuScale Power Stock Price Target Cut Significantly
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 23 2026
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Should l Buy SMR?
Source: Fool
- Stock Decline: NuScale Power's stock is down 8.1% today, having previously dropped 9.9%, reflecting investor concerns about the company's outlook, particularly following Barclays' more bearish stance on the shares.
- Significant Price Target Cut: Barclays slashed NuScale Power's price target by 67% from $45 to $15, based on its last closing price of $13.44, implying only a 12% upside, indicating a lack of confidence in the company's growth potential.
- Market Reaction: Following Barclays' pessimistic view on NuScale Power, investors appear reluctant to hold onto the stock, leading to a market cap reduction to $3.8 billion with a trading volume of 1.4 million shares, highlighting liquidity concerns in the market.
- Future Outlook: Although the steep price target reduction may unsettle current shareholders, investors should focus on the company's upcoming Q4 2025 financial results announcement on Thursday; if management indicates setbacks in launching commercial operations, it could prompt a reevaluation of their investment strategy.
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Analyst Views on SMR
Wall Street analysts forecast SMR stock price to rise
13 Analyst Rating
5 Buy
6 Hold
2 Sell
Hold
Current: 12.530
Low
18.50
Averages
32.77
High
60.00
Current: 12.530
Low
18.50
Averages
32.77
High
60.00
About SMR
NuScale Power Corporation is a provider of proprietary advanced small modular reactor nuclear technology. The NuScale Power Module, the Company's SMR technology, is a small pressurized water reactor that can generate 77 megawatts of electricity (MWe) or 250 megawatts thermal (gross) and can be scaled to meet customer needs through an array of flexible configurations of up to 924 MWe (12 modules) of output. In addition to the sale of NPMs, it offers a diversified suite of services throughout the development and operating life of the power plant. The Company's suite of services is planned to include licensing support, testing, training, fuel supply services and program management, among others. It serves a range of customers consisting of governments, political subdivisions, state-owned enterprises, investor-owned utilities and other technology and industrial companies, both in domestic and international markets.
About the author

Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
- Stock Price Surge: Fluor Corp.'s shares jumped 13.2% in February and have surged 32% over the past 12 months, primarily due to strong performance in several growth sectors and a stable business backlog, despite a lackluster fourth-quarter report.
- Nuclear Investment Returns: Fluor is reaping substantial rewards from its investment in modular nuclear reactor startup NuScale Power, having invested approximately $600 million since 2011 and generating $1.35 billion from a share sale in early 2026, with plans to sell the remaining 40 million shares in Q2.
- Enhancing Shareholder Value: Fluor has utilized nearly $700 million for share buybacks, repurchasing about 17 million shares since Q4 2025, and expanded its repurchase program by authorizing an additional 30 million shares, totaling over 20% of outstanding shares.
- Project Growth Outlook: Although the project backlog slightly declined in Q4, Fluor secured a multi-year contract to expand a uranium enrichment facility in Ohio and continues to engage in data center and pharmaceutical expansion projects, which are expected to further boost its project backlog.
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- Poor Stock Performance: NuScale's stock is currently trading near its 52-week low, having dropped over 75% since October 2025, indicating a significant decline in market confidence that could deter potential investors.
- Deteriorating Financials: For the fiscal year 2025, NuScale's net losses have deepened substantially, and while liquidity remains strong at $1.3 billion, ongoing losses may hinder its technology deployment timeline and market competitiveness.
- Significant Market Potential: The small modular reactor (SMR) market is projected to reach $16 billion or more in the next decade, and as the only company with an NRC-approved SMR design, NuScale could see substantial growth if it successfully deploys its technology.
- Controversial Partnership: The partnership with ENTRA1 has sparked class-action lawsuits alleging NuScale overstated its capabilities, which could negatively impact the company's reputation and investor confidence, although these allegations remain unproven.
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- Poor Stock Performance: NuScale's stock has plummeted over 75% from its October 2025 high, currently trading near its 52-week low, indicating market concerns about its future and potentially undermining investor confidence.
- Strong Liquidity Position: Despite facing significant losses, NuScale's liquidity grew to $1.3 billion in fiscal year 2025, providing sufficient runway for future operations and technology deployment, demonstrating some capability in financial management.
- Clear First-Mover Advantage: As the only company with a small modular reactor design approved by the Nuclear Regulatory Commission, NuScale holds a significant first-mover advantage that positions it well in the growing demand for cleaner energy, potentially paving the way for increased market share.
- Controversial Partnership: While the collaboration with ENTRA1 presents potential market opportunities, it is also marred by class-action lawsuits alleging NuScale overstated its partner's capabilities, which could negatively impact the company's reputation and investor confidence.
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- Stock Decline: NuScale Power's shares fell by 3.8% following analysts' downgrades, recovering from an earlier 10% drop, indicating growing market concerns about its future performance.
- Price Target Cuts: Citigroup lowered its price target for NuScale Power from $18.50 to $11.50 while maintaining a sell rating, and RBC Capital reduced its target from $21 to $14, reflecting a pessimistic outlook on the company's growth potential.
- Market Sentiment Impact: Concerns over U.S. military actions in Iran have contributed to a general market downturn, causing investors to shy away from growth stocks like NuScale Power in favor of more conservative investments.
- Focus on Fundamentals: Despite the analysts' negative outlook, investors should prioritize NuScale Power's progress towards commercial operations in the U.S. and its financial health to make informed decisions amid current market volatility.
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- Lawsuit Background: Kessler Topaz Meltzer & Check, LLP has filed a securities fraud class action against NuScale Power Corporation on behalf of investors who purchased Class A common stock between May 13 and November 6, 2025, highlighting serious concerns over the company's financial transparency.
- Financial Crisis: In Q3 2025, NuScale reported a staggering 3,000% increase in general and administrative expenses to $519 million, primarily due to a $495 million payment to ENTRA1, resulting in a quarterly net loss soaring to $532 million, indicating significant mismanagement of finances.
- Stock Price Plunge: Following the financial report, NuScale's Class A common stock price dropped 14.4% from $37.91 on November 5, 2025, to $32.46, reflecting strong market concerns about the company's future prospects and potentially undermining investor confidence.
- Investor Action: Affected investors can seek to be appointed as lead plaintiffs in the class action by April 20, 2026, signaling a focus on corporate governance and financial transparency, which may influence future legal and financial outcomes.
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- Legal Investigation Launched: Faruq & Faruqi, LLP is investigating potential securities fraud claims against NuScale Power Corporation, urging investors to apply for lead plaintiff status in the class action lawsuit by April 20, 2026, to protect their legal rights.
- Financial Loss Exposure: On November 6, 2025, NuScale unexpectedly revealed that its general and administrative expenses surged over 3,000% to $519 million in Q3, resulting in a quarterly net loss skyrocketing to $532 million, a significant increase from $46 million in the prior year, indicating severe deterioration in the company's financial health.
- Stock Price Volatility: Following the financial disclosure, NuScale Class A shares fell over 12% within two days, dropping from approximately $32 per share on November 6, 2025, to about $28 per share on November 10, and further declining to just $17 per share by November 21, representing a more than 70% drop from the class period high.
- Insufficient Risk Disclosure: The lawsuit alleges that NuScale and its executives failed to disclose significant risks associated with their partnership with ENTRA1, including a lack of actual experience in nuclear energy projects, which could expose their commercialization strategy to failures, delays, and regulatory challenges.
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