Nuscale Stock news
On October 20, 2026, Barclays downgraded NuScale Power Corporation (NYSE: SMR) from Equal Weight to Underweight and reduced its price target from $11.00 to $5.00, citing persistent contract uncertainty and commercial deployment risks. Analyst Christine Cho stated that while NuScale continues to advance supply chain readiness—including manufacturing long--lead components and first--of--a--kind boron oxide pellets—these technical steps serve as manufacturing prerequisites rather than project--defining commercial catalysts. Crucially, Barclays noted the lack of a finalized power purchase agreement between the Tennessee Valley Authority (TVA) and partner ENTRA1 Energy for a proposed 6 GW deployment, raising concerns that negotiations could stretch into 2027. Without binding off--take contracts, analysts see restricted visibility into when NuScale can convert its NRC--certified small modular reactor (SMR) technology into fully financed projects and commercial revenue. SMR shares dropped to a fresh 52--week low of $5.33 following the report.