Bank of America analyst Rinny Singh reiterated a bullish stance on NuScale Power, setting a target that implies the stock could rise 23.7% over the next 11 months. NuScale makes small modular reactors, a newer class of nuclear plant designed to be built faster and cheaper than traditional reactors.
The call adds to a wave of Wall Street optimism around nuclear power stocks this year, as data center operators look for steady, carbon-free electricity to run artificial intelligence workloads. NuScale has been one of the more volatile names in that trade, swinging on contract announcements and regulatory news rather than earnings.
What is unresolved is whether NuScale can convert its order pipeline into revenue on a timeline that supports the valuation. The company remains pre-commercial for its reactor technology in the U.S., meaning the thesis rests on future deployments rather than current cash flow.