B.Riley Financial adjusted its price target for Nuscale Power Corp. to $15.00 from $19.00, though it maintained a Buy rating on the stock. The firm attributed the change to an increased share count and a broader valuation reset occurring across the nuclear energy sector. The adjustment comes as NuScale continues to pursue a key agreement with the Tennessee Valley Authority (TVA), which is considered crucial for market sentiment.
This news follows NuScale's recent second-quarter 2026 earnings report, which showed a significant year-over-year revenue decline to just $0.1 million. The company also recently initiated a $750 million at-the-market stock offering program to strengthen its balance sheet for anticipated commercial deployment. Despite the price target reduction, analysts note the company's strong liquidity position, with $1.9 billion in cash and equivalents at the end of the second quarter.