NuScale Power (SMR) Stock Surges 12% Pre-Market on Bank of America Upgrade

TLDR BofA Securities upgraded NuScale Power (NYSE:SMR) from Underperform to Neutral but cut its price target from $34 to $28 The stock has dropped approximately 60% from its peak after the TVA announcement and 44.5% over the past six months BofA cited funding mismatches, higher cash needs, and dilution concerns as key factors affecting near-term [...]

The post NuScale Power (SMR) Stock Surges 12% Pre-Market on Bank of America Upgrade appeared first on Blockonomi.