Canaccord Genuity analyst George Gianarikas lowered the price target on NuScale Power Corp. The new target is $11.00, down from $15.00. The firm maintained a "Buy" rating on the stock. This nearly 27% reduction was announced on November 6, 2026.
The adjustment follows NuScale's recent earnings report. The report offered few new certainties regarding its project pipeline. Analysts cited ongoing uncertainty about a definitive power purchase agreement. This agreement is between NuScale's partner, Entra1, and the Tennessee Valley Authority (TVA). Skepticism about project execution and financing persists without a signed agreement. Canaccord consequently extended deployment timelines in its valuation model.