NuScale Power Stock Rallies, But Citi’s $7 Call Puts the SMR Story on the Clock
NuScale Power shares rose 4.3% to $13.09 Monday despite Citigroup cutting its price target to $7 and maintaining a sell rating. First-quarter revenue fell to $565,000 from $13.4 million a year earlier, with net loss widening to $46.7 million. NuScale ended the quarter with $1 billion in liquidity. Key project agreements remain non-binding, according to SEC filings.