Barclays Downgrades NuScale and Cuts Price Target to $5

Barclays downgraded NuScale Power Corporation (SMR) to Underweight from Equal Weight and cut its price target to $5 Tuesday, while shares closed at $5.58, down 1.9%, after touching a 52-week intraday low of $5.33. The Tennessee Valley Authority (TVA) and ENTRA1 Energy signed a nonbinding agreement on Sept. 2, 2025, to explore a proposed nuclear power program of up to 6 gigawatts. ENTRA1 plans to use NuScale’s small modular reactor technology. On Aug. 5, NuScale said ENTRA1 and TVA were working toward a definitive power purchase agreement.

Source: TokenPost