NuScale Stock Hits New Low After Barclays Downgrades It to Underweight, Cuts Target to $5

NuScale Power Corporation (NYSE: SMR) saw its stock drop 7.56% to $5.26 after Barclays downgraded it to Underweight from Equal Weight and reduced its price target from $11 to $5. The downgrade follows concerns over execution risks and delays in commercial development, with NuScale reporting only $75,000 in revenue last quarter against projected cash needs in the billions. Other analysts have also issued bearish ratings, with UBS lowering its target to $6 and RBC Capital adjusting it to $7, citing dilution concerns from a $750 million share offering.