NuScale Power reported a smaller-than-expected loss in the third quarter, but revenue fell well short of expectations. On November 6, 2026, Cantor Fitzgerald cut its price target to $15 from $20, citing the timing of commercial project work as a reason for lowering its revenue estimates. Goldman Sachs reiterated its Neutral rating and $4.00 price target.
Q3 revenue was $280,000. That was below Wall Street's consensus estimate of $3.45 million.
Management highlighted progress toward commercialization, including an agreement with Doosan Enerbility to begin fabricating components for the NuScale Power Module (NPM). The timing of a definitive power purchase agreement with the Tennessee Valley Authority (TVA) remains a key uncertainty for investors.