UBS Downgrades NuScale Power to Sell, Sees 40% Downside
NuScale Power is trading lower after UBS cut its rating to Sell and lowered its price target to $6, citing delays and weak commitments.
A big bank thinks NuScale Power's stock is overpriced and may fall about 40 percent because the company is taking longer to build things and customers are not signing up as hoped. When a bank downgrades a company, it means they lost confidence, so watch if other investors agree or if the company fixes these problems.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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