NuScale Power’s Stock Soars Amid Analyst Upgrade and Positive Earnings Report

Photo of author
Written By Saad Sarfaraz

In a recent development in the stock market, NuScale Power, a pioneer in the small modular reactor (SMR) nuclear technology sector, saw its stock price soar following a notable endorsement from financial analysts at Canaccord Genuity.

This surge comes in the wake of the company’s latest earnings report, marking a significant moment for investors and the broader energy sector. Let’s delve into the factors driving this surge and evaluate the investment landscape surrounding NuScale Power.

The Catalyst Behind the Surge

On a Monday that will be long remembered by investors, NuScale Power (SMR 28.66%) experienced a remarkable upswing in its stock value, recording a 26.9% increase by 11 a.m. ET.

Credit: DepositPhotos

This impressive growth was largely fueled by a substantial upward revision of the company’s price target by analysts at Canaccord Genuity, coupled with the positive momentum from the company’s recent earnings report released last week.

Read More: Is Absci Corporation’s Impressive Surge a Precursor to Future Growth?

Analysts’ Upgraded Outlook

The analysts at Canaccord Genuity have significantly adjusted their stance on NuScale Power, nearly doubling their price target for the company’s stock to $8 per share.

This bold move is rooted in a trio of compelling reasons: an escalating demand for electricity across the United States, the expanding potential for nuclear energy to meet this burgeoning demand, and the notable influence of artificial intelligence (AI) technologies on energy consumption patterns.

This revised outlook not only highlights the growing role of nuclear energy in the modern power generation mix but also underscores the strategic importance of NuScale’s technological advancements in the sector.

NuScale Power’s Position in the Market

NuScale Power has distinguished itself as a leader in the innovative field of advanced small modular reactor (SMR) nuclear technology.

It boasts the unique distinction of being the first and only SMR to receive design approval from the U.S. Nuclear Regulatory Commission. Despite these groundbreaking achievements, NuScale’s financial performance in the recent earnings report painted a mixed picture.

The company reported a significant revenue increase to $22.8 million in 2023, nearly doubling its performance from the previous year.

However, this positive revenue growth was tempered by a decline in gross margin and culminated in a net loss of $180.1 million for the year, which was more severe than many analysts had anticipated.

Also Read: Is American Airlines Stock About to Take Off?

Investment Implications and Market Valuation

The enthusiastic response from investors to Canaccord’s revised price target for NuScale Power is intriguing, especially considering that the stock price has escalated to nearly $10 per share, surpassing the analysts’ valuation.

This discrepancy suggests that, according to Canaccord’s assessment, NuScale’s stock might currently be overvalued by approximately 25%.

Valuing a company like NuScale, which is yet to turn a profit, poses significant challenges and necessitates a cautious approach from investors, particularly those driven by momentum trading strategies.

Expert Investment Advice and Future Outlook

For investors considering a stake in NuScale Power, it is essential to conduct a comprehensive analysis and consider the perspectives of seasoned investment analysts before investing your hard-earned money in the company.

Credit: DepositPhotos

Read Next: Lovesac’s Strategic Market Dynamics: Unveiling Long-Term Value


You should read and understand this disclaimer in its entirety before joining or viewing the website or email/blog list of (the “Publisher”). The information (collectively the “Advertisement”) disseminated by email, text or other method by the Publisher including this publication is a paid commercial advertisement and should not be relied upon for making an investment decision or any other purpose. The Publisher is engaged in the business of marketing and advertising the securities of publicly traded companies in exchange for compensation. The track record, gains, upside, and/or losses mentioned in the Advertisement, if any, should not be considered as true or accurate or be the basis for an investment. The Publisher does not verify the accuracy or completeness of any information included in the Advertisement. While the Publisher does not charge for the SMS service, standard carrier message and data rates may apply. To unsubscribe from receiving promotional text messages to your phone sent via an autodialer, using your phone reply to the sender’s phone number with the word STOP or HELP for help.

The Advertisement is not a solicitation or recommendation to buy securities of the advertised company. An offer to buy or sell securities can be made only by a disclosure document that complies with applicable securities laws and only in the states or other jurisdictions in which the security is eligible for sale. The Advertisement is not a disclosure document. The Advertisement is only a favorable snapshot of unverified information about the advertised company. An investor considering purchasing the securities, should always do so only with the assistance of his legal, tax and investment advisors. Investors should review with his or her investment advisor, tax advisor or attorney, if and to the extent available, any information concerning a potential investment at the web sites of the U.S. Securities and Exchange Commission (the "SEC") at; the Financial Industry Regulatory Authority (the "FINRA") at, and relevant State Securities Administrator website and the OTC Markets website at The Publisher cautions investors to read the SEC advisory to investors concerning Internet Stock Fraud at, as well as related information published by the FINRA on how to invest carefully. Investors are responsible for verifying all information in the Advertisement. As an advertiser, we do not verify any information we publish. The Advertisement should not be considered true or complete.

The Publisher does not offer investment advice or analysis, and the Publisher further urges you to consult your own independent tax, business, financial and investment advisors concerning any investment you make in securities particularly those quoted on the OTC Markets. Investing in securities is highly speculative and carries an extremely high degree of risk. You could lose your entire investment if you invest in any company mentioned in the Advertisement. You acknowledge that we are not an investment advisory service, a broker-dealer or an investment adviser and we are not qualified to act as such. You acknowledge that you will consult with your own independent, tax, financial and/or legal advisers regarding any decisions as to any company mentioned here. We have not determined if the Advertisement is accurate, correct or truthful. The Advertisement is compiled from publicly available information, which include, but are not limited to, no cost online research, magazines, newspapers, reports filed with the SEC or information furnished by way of press releases. Because all information relied upon by us in preparing an advertisement about an issuer comes from a public source, it is not reliable, and you should not assume it is accurate or complete.

By your subscription to our profiles, the viewing of this profile and/or use of our website, you have agreed and acknowledged the terms of our full disclaimer and privacy policy which can be viewed at the following link: and

By accepting the Advertisement, you agree and acknowledge that any hyperlinks to the website of (1) a client company, (2) the party issuing or preparing the information for the company, or (3) other information contained in the Advertisement is provided only for your reference and convenience. The advertiser is not responsible for the accuracy or reliability of these external sites, nor is it responsible for the content, opinions, products or other materials on external sites or information sources. If you use, act upon or make decisions in reliance on information contained in any disseminated report/release or any hyperlink, you do so at your own risk and agree to hold us, our officers, directors, shareholders, affiliates and agents harmless. You acknowledge that you are not relying on the Publisher, and we are not liable for, any actions taken by you based on any information contained in any disseminated email or hyperlink.