SMR Price Prediction Next Week
Analysis and Insights
Fundamental Analysis:
NuScale Power (SMR) is at the forefront of the small modular reactor (SMR) market, with the first NRC-approved design and a potential commercial project in Romania expected in Q4 2025. This positions the company for significant growth as the energy sector shifts toward cleaner solutions. Despite current losses, the company's innovative approach and first-mover advantage make it an attractive investment opportunity.
Technical Analysis:
The stock is currently trading at $19.04, with a bullish pre-market movement of +4.74%. Key technical indicators include:
- RSI (14): 49.18, indicating a neutral position.
- MACD: Slightly bearish but showing signs of stabilization.
- Fibonacci Levels: Pivot at 16.79, with resistance at 18.57 and 19.67.
The stock has recently broken above the 50-day moving average, signaling potential bullish momentum.
News Sentiment and Catalysts:
Positive news includes the U.S. energy transformation and increasing demand for nuclear energy. The upcoming Romanian project approval could act as a catalyst for price movement.
Price Prediction and Recommendation:
Based on the analysis, the stock is expected to rise slightly to $19.50 next week. The bullish bias, driven by positive news and technical indicators, suggests a BUY recommendation.
SMR Similar Chart Price Prediction
The price of SMR is predicted to go up -10.59%, based on the high correlation periods with MAG. The similarity of these two price pattern on the periods is 98.34%.
SMR
MAG
Down: -10.59%Similarity: 98.34%
SMR Revenue Forecast
SMR EPS Forecast
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SMR Analyst's Forecast
Eric Stine
Craig-Hallum
Strong Buy
2024-10-17
Price Target
$16 → $21
Upside
+16.54%
Craig-Hallum analyst Eric Stine raised the firm's price target on Nuscale Power to $21 from $16 and keeps a Buy rating on the shares. A nuclear power renaissance is underway with nuclear increasingly viewed as a solution which solves both the increased need for baseload power and the need to decarbonize, the firm says. Craig-Hallum thinks this is truly just the beginning of a multidecade megatrend. While not involved specifically in either deal, the firm sees NuScale as ideally positioned for an acceleration of nuclear/SMR adoption with a 5-plus year regulatory head start and a meaningful pipeline and customer list including in AI/data center applications.
Eric Stine
Craig-Hallum
Strong Buy
2024-09-26
Price Target
$16
Upside
+34.57%
