Texas Capital Initiates NuScale With Buy, Spotlighting NRC-Certified SMR Advantage

The call underscores a first-mover design that uses widely available low-enriched uranium to lower near-term supply risk.

Overview

Texas Capital began coverage of NuScale Power on January 28 with a Buy rating and a $23 price target.
The firm emphasized NuScale’s status as the only SMR developer with U.S. NRC approval and its reliance on conventional low-enriched uranium to reduce supply-chain exposure.
Bank of America upgraded the stock to Neutral on January 9 with a $28 target, citing licensing credibility while warning about potential dilution tied to ENTRA1 and limited contract visibility.
In Q3 2025, TVA and ENTRA1 announced an agreement outlining potential deployment of up to 6 gigawatts using NuScale’s technology, framing a key pathway for future projects.
NuScale’s light-water reactor module is rated at 77 megawatts and can be configured in multi-module plants, and the shares gained 23.4% in January as policy momentum and analyst actions lifted sentiment.