UBS Lifts NuScale Power (SMR) Price Target to $38 on Nuclear Policy Support

NuScale Power Corporation (NYSE:SMR) is one of the best Russell 2000 stocks to buy now. On August 11, UBS lifted its price target for NuScale stock to $38 from $34, while maintaining a “Neutral” rating on the stock. The firm cited broad policy support for nuclear energy and significant demand for firm power from data center customers as the key reasons for the price target increase.

UBS noted modest changes in NuScale’s operating expenses and revenue timing in 2025, which were also contributing factors to its decision. UBS remains cautiously optimistic about NuScale and the nuclear industry broadly, citing a supportive policy environment, but notes “historical nuclear delays and cost overruns” as potential concerns. The firm highlighted that “small modular reactor stocks have been highly volatile,” with share prices reflecting broader trends in the nuclear industry.

NuScale Power Corporation (NYSE:SMR) is a nuclear technology company. It designs and develops small modular reactors (SMRs) for clean energy generation. The company’s flagship product, the VOYGR SMR, offers scalable nuclear power solutions with enhanced safety features and lower upfront costs compared to traditional reactors.

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Disclosure: None. This article is originally published at Insider Monkey.