🔴 Nuscale Power is trading 9% down today after UBS cut its price target to $6

Nuscale Power is trading 9% down at $9.30 after UBS downgraded shares from Neutral to Sell and cut its price target from $10 to $6.

• UBS cited construction-timeline concerns, estimating a five-plus-year build timeline.
• The bank also pointed to limited firm customer commitments and approximately $700 million in cumulative cash burn through 2028.
• The broader market is higher, making the company-specific downgrade the clearest catalyst.