UBS downgrades NuScale to Sell and cuts target to $6 as shares slide 16%
AI Market Summary
UBS downgraded NuScale Power to Sell and cut its target to $6 from $10, citing a long build timeline, weak customer visibility, and an estimated ~$700m cash burn through 2028. The analyst argues market expectations for 2028 EBITDA are far above his model, and flags potential downside from ENTRA1 payment obligations and uncertainty around TVA follow-through. The report triggered a sharp one-day selloff, tightening near-term sentiment.
Impact level
● Medium
Affected assets
NCSKSMR2USD/USDT-11.04%
AI Insight · NCSKSMR2USD/USDTAI Insight
▼ Bearish
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A UBS analyst downgraded NuScale Power to Sell and cut the price target to $6 from $10, implying 30.3% downside. The analyst expects about $700 million in cash burn from 2026 to 2028. For 2028, UBS models EBITDA of $29 million versus $124 million implied by the market’s pricing, according to the analyst. NuScale shares fell 16% on the day.
