NuScale Power Corporation (NYSE:SMR) is included among the 12 Best Nuclear Energy Stocks to Buy Now
On January 28, 2026, Texas Capital initiated coverage of NuScale Power Corporation (NYSE:SMR) with a Buy rating and a $23 price target. The firm highlighted NuScale’s position as the only small modular reactor developer with U.S. Nuclear Regulatory Commission approval, noting that its design relies on conventional low-enriched uranium that is already widely available. That fuel choice was cited as a key differentiator, reducing supply chain risk compared with many advanced nuclear peers. Texas Capital said NuScale offers differentiated exposure to advanced nuclear development with comparatively lower regulatory, supply chain, and execution risk.
Earlier, on January 9, 2026, Bank of America upgraded NuScale to Neutral from Underperform and set a $28 price target, down from $34. The firm said the recent pullback in the stock brings deployment expectations closer to its base case. BofA pointed to the derisked light-water reactor design and the company’s first-mover licensing position, anchored by Tennessee Valley Authority as credibility drivers. At the same time, it flagged front-loaded dilution tied to ENTRA1 and limited contract visibility as constraints on near-term upside. More broadly, the firm described 2026 as a screening year rather than a build year for small modular reactors, arguing that policy momentum reduces friction but does not materially accelerate timelines.
In the third quarter of 2025, TVA and ENTRA1, NuScale’s exclusive global strategic partner, announced an agreement covering the potential deployment of up to 6 gigawatts of new nuclear capacity using NuScale’s SMR technology.
NuScale Power Corporation (NYSE:SMR) develops small modular reactor systems centered on its NuScale Power Module, a light-water reactor design capable of generating 77 megawatts per unit, positioning the company as one of the more advanced public plays in the SMR space.
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