NuScale Power Shares Drop 4.6% After Analyst Downgrades

The nuclear energy company faces headwinds as analysts lower price targets and ratings.

Mar. 22, 2026 at 10:18am

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Shares of NuScale Power Corporation (NYSE:SMR) fell 4.6% on Friday as the company faced a series of analyst downgrades and price target reductions. The stock traded as low as $11.18 and closed at $11.4350, with trading volume up 16% from the average daily volume.

Why it matters

NuScale Power is a pioneering developer of small modular nuclear reactors, a technology seen as crucial for expanding carbon-free energy. The company's stock performance and analyst sentiment reflect the challenges it faces in commercializing its technology and gaining market traction against traditional nuclear and renewable energy sources.

The details

Several equity analysts have recently weighed in on NuScale Power's stock. TD Cowen downgraded the stock from 'buy' to 'hold', while Bank of America upgraded it from 'underperform' to 'neutral' but lowered the price target from $28 to $14. Royal Bank of Canada and The Goldman Sachs Group also cut their price targets on the stock to $14 and $14, respectively.

  • NuScale Power's stock price fell 4.6% during trading on Friday, March 22, 2026.
  • The company's stock traded as low as $11.18 and closed at $11.4350 on that day.

The players

NuScale Power Corporation

A pioneering developer of small modular nuclear reactors, headquartered in Portland, Oregon, and trading on the NYSE American under the ticker SMR.

TD Cowen

An equity research firm that downgraded NuScale Power's stock from 'buy' to 'hold'.

Bank of America

An equity research firm that upgraded NuScale Power's stock from 'underperform' to 'neutral' but lowered the price target.

Royal Bank of Canada

An equity research firm that cut its price target on NuScale Power's stock.

The Goldman Sachs Group

An equity research firm that cut its price target on NuScale Power's stock.

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What they’re saying

“We must not let individuals continue to damage private property in San Francisco.”

— Robert Jenkins, San Francisco resident

The takeaway

NuScale Power's stock performance and the analyst downgrades highlight the challenges the company faces in commercializing its small modular nuclear reactor technology and gaining widespread market acceptance in the face of competition from traditional nuclear power and renewable energy sources.