SMR Stock Today, January 10: BofA Upgrade, AI Power Demand Fuel Rally
SMR stock is active today after Bank of America upgraded NuScale Power to Neutral with a $28 price target. The call highlights a de-risked small modular reactor design and momentum from the TVA licensing agreement, while AI data center demand strengthens the long-term case. NuScale Power (SMR) still faces ongoing losses and limited contract visibility, which keeps volatility high. Investors are weighing upside from utility and data center partnerships against execution risk and timing of revenue scale. We break down catalysts, fundamentals, price targets, and technicals to frame the setup for US investors.
Why shares are moving today
Bank of America moved NuScale to Neutral and set a $28 target, citing reduced design risk and progress tied to a TVA licensing agreement. Coverage notes growing interest from utilities and potential customers. The upgrade fueled early gains, as reported by The Motley Fool source. SMR stock is reacting to improved visibility from regulators and a clearer path to deployments despite continued losses.
AI data center demand is a key support for the story. Operators need reliable, carbon-light baseload power near large campuses. Small modular reactors can offer modular capacity and long-duration output with tight footprints. SMR stock benefits when investors expect long contracts and power purchase deals. The theme is also noted in coverage at Nasdaq source, which ties the upgrade to growing AI power needs.
Fundamentals and risk check
NuScale remains unprofitable with TTM EPS of -2.14 and negative margins. Cash per share is 4.68 and the current ratio is 1.62, suggesting near-term liquidity. Reported debt is minimal, which reduces interest burden. SMR stock still trades on future milestones. Investors should track operating cash flow trends and any capital raises that may occur ahead of first-of-a-kind deployments.
The TVA licensing agreement is a notable milestone that may speed US adoption. Even so, contract visibility remains limited, and timelines can shift with permitting or supply constraints. Management focus is converting interest into firm offtake. For SMR stock, signed power agreements, detailed project schedules, and funding support will matter more than headlines over the next few quarters.
Price targets, ratings, and valuation
Street targets show a wide range: consensus $34.10, median $35.00, high $55.00, low $20.00. Bank of America set $28 alongside a Neutral stance. Overall ratings skew Hold with 3 Buy, 7 Hold, and 1 Sell, consensus 3.00. SMR stock could re-rate on bookings, partnerships, or regulatory progress. The next earnings update is scheduled for March 2, 2026, which may refresh guidance.
At about a $6.12 billion market cap and roughly 109.5 times sales, the valuation reflects large optionality rather than current revenue. Price to book is near 3.64. SMR stock can swing sharply as estimates shift. Investors should balance long-term addressable demand with execution risk, production timelines, and the pace of customer commitments before sizing positions.
Technical picture to watch
Trend signals are mixed but improving. RSI sits at 56.34 and ADX at 26.49, showing a firm trend. MACD histogram is positive at 1.01, while CCI reads 145.69 and Stochastic %K is 85.50, both near overbought. SMR stock often reacts to news flow, so momentum can fade quickly without follow-through from contracts or financing updates.
Bollinger bands show a middle near 17.12 and upper near 21.30, with Keltner middle at 18.26. ATR is 1.83, indicating wide daily swings. Recent range printed $17.34 to $19.55 on volume of 68.57 million versus a 31.21 million average. The 50-day is 22.83 and 200-day is 30.56. SMR stock needs sustained closes above 21 to confirm strength.
Final Thoughts
The upgrade to Neutral with a $28 target and momentum around TVA licensing add credible catalysts to the NuScale story. AI data center demand strengthens the long-term narrative for steady, low-carbon baseload power. Yet losses, limited contract visibility, and potential funding needs keep risk elevated. SMR stock may remain volatile as headlines drive sentiment. We think the next key checkpoints are signed offtake deals, firm project timelines, and any cost or financing updates on initial deployments. Watch the March 2, 2026 earnings date for progress indicators on bookings and cash runway. Position sizing and clear risk limits are important in this phase.
FAQs
Why did SMR stock move today?
SMR stock moved after Bank of America upgraded NuScale Power to Neutral with a $28 target. The call cites reduced design risk, traction from the TVA licensing agreement, and rising AI data center power needs. These factors boosted sentiment despite ongoing losses and limited contract visibility. Traders also focused on technical momentum and heavy volume, which can amplify swings during news-driven sessions.
Is SMR stock a buy after the Bank of America upgrade?
The upgrade improves sentiment, but the setup still depends on execution. Investors should weigh the AI power opportunity against negative earnings, sparse contracts, and potential funding needs. Consider your risk tolerance, timeline, and diversification. Look for signed offtake deals, clearer project schedules, and cost updates. Many analysts rate shares Hold, with a consensus target near $34, so position size carefully.
What key metrics should SMR investors track now?
Focus on bookings, power purchase agreements, and project milestones tied to regulators and utilities. Monitor cash burn, liquidity, and any capital raises. Watch the March 2, 2026 earnings update for pipeline details. Technicals matter too, including RSI, ADX, and price relative to the 50-day and 200-day moving averages. These signals can flag momentum shifts while the story remains pre-revenue heavy.
How does AI data center demand affect NuScale Power?
AI data centers need steady, scalable, and lower-carbon energy with high uptime near growing campuses. NuScale’s small modular reactors aim to provide modular capacity suited to multi-site expansions. If operators adopt long-term power contracts, revenue visibility can improve. For SMR stock, concrete deals and financing terms will matter more than headlines, as they reduce uncertainty and support valuation.
Disclaimer:
The content shared by Meyka AI PTY LTD is solely for research and informational purposes. Meyka is not a financial advisory service, and the information provided should not be considered investment or trading advice.
