Jan. 9 at 1:32 PM
Bank of America upgraded its view on energy company NuScale Power to neutral from underperform, arguing that the stock is undervalued at current levels after a period of weakness. The firm said the recent share-price performance has already priced in many of the risks facing the company, improving the risk-reward profile.
The upgrade suggests Bank of America sees more balanced upside and downside potential from here, even as NuScale continues to navigate challenges related to project execution, financing, and the broader adoption timeline for small modular nuclear reactors.
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