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NuScale Power Corporation a Unique Opportunity for Investors - Guggenheim

By Sam Boughedda Guggenheim has initiated coverage of Nuscale Power Corp (NYSE:SMR) with a Buy rating and $18 price target. An analyst said in a note to clients on Thursday that...
NuScale Power Corporation a Unique Opportunity for Investors - Guggenheim © Reuters. NuScale Power Corporation (SMR) a Unique Opportunity for Investors - Guggenheim

By Sam Boughedda

Guggenheim has initiated coverage of Nuscale Power Corp (NYSE:SMR) with a Buy rating and $18 price target.

An analyst said in a note to clients on Thursday that they see NuScale as a "unique opportunity for investors to gain pure-play exposure to the next phase of decarbonization."

The analyst added that the capital-light platform is configured for strong FCF generation from both one-time construction activities and a long tail of sticky services.

"In our view, there is a building recognition among policymakers and industry executives that nuclear will play a central role in the ongoing decarbonization of the global energy system," stated the analyst. "This view is supported by not only reputable technical analyses, but also tangible action in recent quarters by governments across the western world to support existing nuclear plants and foster the financing and development of new ones. Against this backdrop, we see a long runway for the design and construction of new plants, with designers like NuScale seeking to step into a breach left open by the challenges experienced by large new construction in the past two decades."

"While the universe of ways in which we may split atoms in the coming decades continues to expand, we see SMR as the vanguard thanks to its familiar yet advanced light water moderated design and its unique position as the only design to have completed NRC certification," explained the Guggenheim analyst.

NuScale shares gained 3% Thursday, following Wednesday's more than 8% decline.

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01-05-2024 10:45:17 (UTC+7)

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EUR/USD

1.0658

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AUD/USD

0.6469

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USD/CAD

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    EUR/USD 1.0658 ↑ Sell  
    GBP/USD 1.2475 ↑ Sell  
    USD/JPY 157.91 ↑ Buy  
    AUD/USD 0.6469 Neutral  
    USD/CAD 1.3780 ↑ Buy  
    EUR/JPY 168.32 ↑ Buy  
    EUR/CHF 0.9808 Neutral  
    Gold 2,295.80 ↑ Sell  
    Silver 26.677 ↑ Sell  
    Copper 4.5305 ↑ Buy  
    Crude Oil WTI 81.14 ↑ Sell  
    Brent Oil 85.62 ↑ Sell  
    Natural Gas 1.946 ↑ Sell  
    US Coffee C 213.73 ↑ Sell  
    Euro Stoxx 50 4,920.55 ↑ Sell  
    S&P 500 5,035.69 ↑ Sell  
    DAX 17,921.95 ↑ Sell  
    FTSE 100 8,144.13 Sell  
    Hang Seng 17,763.03 ↑ Sell  
    Small Cap 2000 1,973.05 ↑ Sell  
    IBEX 35 10,854.40 Neutral  
    BASF 49.155 ↑ Sell  
    Bayer 27.35 ↑ Sell  
    Allianz 266.60 ↑ Sell  
    Adidas 226.40 ↑ Sell  
    Lufthansa 6.714 Neutral  
    Siemens AG 175.90 ↑ Sell  
    Deutsche Bank AG 15.010 Neutral  
Mua/Bán 1 chỉ SJC
# So hôm qua # Chênh TG
SJC Eximbank8,300/ 8,500
(8,300/ 8,500) # 1,298
SJC 1L, 10L, 1KG8,300/ 8,520
(0/ 0) # 1,510
SJC 1c, 2c, 5c7,380/ 7,550
(0/ 0) # 540
SJC 0,5c7,380/ 7,560
(0/ 0) # 550
SJC 99,99%7,370/ 7,470
(0/ 0) # 460
SJC 99%7,196/ 7,396
(0/ 0) # 386
Cập nhật 01-05-2024 10:45:19
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Cập nhật lúc 10:45:15 01/05/2024
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