NuScale (SMR) Shares Slide 10% as B. Riley Flags Concerns Over Doubling Share Count

NuScale Power Corporation (NYSE:SMR) is one of the most active US stocks to buy according to analysts. On December 22, B. Riley lowered the firm’s price target on NuScale Power to $24 from $38 with a Buy rating on the shares. NuScale’s stock has declined 10% year-to-date as investors weigh the impact of potential share dilution. This stems from a recent partnership milestone agreement with ENTRA1 and an increase in authorized capital. Additionally, the firm noted that shareholders recently approved doubling the authorized Class A common stock from 332 million to 662 million shares.

Earlier on December 10, Citi lowered the firm’s price target on NuScale Power to $18.50 from $37.50 and kept a Sell rating on the shares. The firm attributed the company’s 52% stock decline over the past quarter to Fluor Corp.’s (NYSE:FLR) plans to liquidate its stake and persistent uncertainty regarding NuScale’s first binding commercial contract. Citi expects continued downward pressure as revenue from existing legacy contracts tapers off while Fluor continues its share sell-off.

Additionally, UBS lowered the firm’s price target on NuScale Power to $20 from $38 with a Neutral rating on the shares on November 25. UBS reduced its price target for NuScale Power following Q3 2025 earnings results that were heavily impacted by substantial milestone payments under the ENTRA1 agreement. While the firm maintained a cautiously optimistic outlook on the broader US nuclear sector, it expressed concern regarding the high capital requirements for project development, as well as the recurring industry risks of construction delays and cost overruns.

NuScale Power Corporation (NYSE:SMR) provides small modular reactor technology solutions. It offers NuScale Power Module/NPM, which is a water reactor that can generate 77 megawatts of electricity.

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