NuScale Power (SMR) Price Target Reduced by $11

The share price of NuScale Power Corporation (NYSE:SMR) fell by 2.08% between January 16 and January 23, 2026, putting it among the Energy Stocks that Lost the Most This Week.

NuScale Power (SMR) Price Target Reduced by $11

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NuScale Power Corporation (NYSE:SMR) provides small modular reactor technology solutions. The company’s groundbreaking NuScale Power Module is a 12-module plant capable of producing up to 924 MWe of carbon-free energy.

On January 20, RBC Capital significantly reduced its price target on NuScale Power Corporation (NYSE:SMR) from $32 to $21, but maintained a ‘Sector Perform’ rating on the shares. The revision, which still indicates an upside of over 6% from current levels, comes as part of the firm’s broader research note previewing Q4 for the American clean energy sector. While expectations of stronger demand and bookings have pushed valuations higher, the analyst remains optimistic given the strong macro backdrop.

Nuclear technology is witnessing a resurgence amid the ongoing AI boom, with multiple hyperscalers signing long-term PPAs to ensure they have sufficient clean energy to power their data centers. However, RBC’s Speculative Risk qualifier reflects the risk associated with NuScale’s small modular reactor (SMR) technology, as it hasn’t yet been commercially deployed at scale.

While we acknowledge the potential of SMR as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than SMR and that has a 100x upside potential, check out our report about the cheapest AI stock.

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Disclosure: None.