NEW YORK, Jan 9, 2026, 07:19 EST — Premarket
NuScale Power shares jumped about 12% in premarket trading on Friday after Bank of America Securities upgraded the nuclear technology company. The stock was up around $2.4 at $22.08 after closing at $19.67 on Thursday.
The move matters because NuScale has been a proxy trade for the market’s bigger debate on power demand and financing: how fast “advanced nuclear” projects can move from headlines to funded orders. It is also the kind of high-beta name that can gap sharply on broker calls, then give it back just as quickly once regular trading starts.
BofA Securities raised its rating to “Neutral” from “Underperform” and cut its price target to $28 from $34, saying the stock’s roughly 60% correction from its post-TVA announcement peak has reset the valuation. Analyst Dimple Gosai pointed to a funding and timing mismatch tied to the ENTRA1 partnership milestones, higher near-term cash needs and dilution risk, and said the set-up now looks “risk/reward balanced,” while keeping a long-run view of about 18 gigawatts of SMR deployment through 2040. Investing.com UK
NuScale develops small modular reactors, or SMRs — smaller nuclear plants designed to be built in modules — and has been trying to turn partnerships into bankable projects. Investors have tended to trade the shares off perceived changes in financing pressure and the pace of commercialization.
Other U.S.-listed advanced nuclear names such as Oklo have also stayed on traders’ screens, with the group sensitive to shifts in rate expectations and policy headlines as much as company-specific updates.
On the chart, NuScale is pushing toward its 50-day moving average around $22.83, while it remains well below the 200-day near $30.56, based on StockAnalysis.com data.
But the upgrade does not remove the main overhangs: if projects slip, funding needs rise or the equity market turns less welcoming, NuScale could face a tougher path to cover cash burn without further dilution.
Next up for the broader tape is the U.S. December jobs report at 8:30 a.m. ET, a release that often moves Treasury yields and rate bets — and can spill into speculative, rate-sensitive stocks before the opening bell.
