SMR Stock Draws Retail Attention Ahead Of Rival OKLO’s Results – Even As Citi Warns Of Over 46% Downside

• Northland also lowered the price target on the company to $19 from $21 and maintained an ‘Outperform’ rating on the shares. 
• However, the stock has a 12-month average price target of $16.50, indicating an upside potential of about 24% based on 17 analyst estimates, according to data from Koyfin.
• Retail chatter around the company has surged 650% in 24 hours as investors keep an eye on rival Oklo’s results, expected after hours on Tuesday.

NuScale Power Corp. (SMR) is garnering attention from Wall Street analysts and retail traders alike amid growing interest in nuclear energy to power the artificial intelligence AI data center boom.

Even as analysts slash the company's price targets, retail traders have retained their bullish optimism about the stock despite a steep decline in revenue.

Wall Street Turns Cautious On SMR

On Monday, Citi lowered the price target on NuScale Power to $7 from $9 and kept a ‘Sell’ rating on the shares. The revised target indicates a downside potential of more than 46% from its previous close.

Northland also lowered the price target on the company to $19 from $21 and maintained an ‘Outperform’ rating on the shares, citing dilution concerns from the company’s latest ‘at-the-market’ equity offering.

In February, NuScale Power announced that it had entered into a new at-the-market (ATM) equity offering agreement, allowing the company to offer and sell up to $1 billion in Class A common stock.

However, SMR stock has a 12-month average price target of $16.50, indicating an upside potential of about 24% based on 17 analyst estimates, according to data from Koyfin. Of them, six analysts rate SMR a ‘Buy’ or higher, while nine have a ‘Hold’ rating on the stock. Only two analysts suggest a ‘Sell’ or “Strong Sell.’

SMR Stock: Q1 Earnings Snapshot

Last week, NuScale Power reported first-quarter (Q1) results, with revenues plunging a whopping 96% to $0.57 million due to a licensing agreement timing. The company reported a net loss of $0.14 per share, largely in line with Wall Street expectations.

Retail Is Bullish Ahead Of SMR Rival’s Results

On Stocktwits, retail sentiment around SMR stock has stayed ‘bullish’ over the past week amid ‘high’ message volumes.

Retail chatter around the company has surged 650% in 24 hours as investors keep an eye on rival Oklo Inc.’s (OKLO) results, expected on Tuesday. Nano Nuclear Energy Inc. (NNE) will also post results this week.

One bullish user said, “Will tomorrow be a continuation day? We're attached to the hip with $OKLO and earnings are tomorrow,” referencing the stock’s nearly 6% higher close on Monday.

Another user said the company’s shares were “about to blow.”

SMR stock has declined more than 18% this year.

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