NuScale Power Stock Will Spike 23.7% Over the Next 11 Months According to This Wall Street Analyst

Key Points NuScale Power stock has dropped 40% in 2026. One Wall Street expert still rates the stock a buy. 10 stocks we like better than NuScale Power › It has been a tough year for NuScale Power (NYSE: SMR) . Shares have fallen nearly 40% since 2026. One Wall Street analyst remains unfazed. In early August, Rinny Singh, an analyst at Bank of America , reiterated her buy rating on SMR stock, setting a share price target of $12, implying roughly 24% upside over the next 12 months. Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue » Why does Singh remain so bullish despite recent share price weakness? Her bull thesis comes down to one key catalyst -- a catalyst that may soon receive some much-needed momentum. Here's why Rinny Singh remains bullish on NuScale Power stock Singh's bull thesis on NuScale stock largely comes down to one critical factor: Can NuScale convert its customer pipeline into revenue-generating projects? The biggest mover from this perspective is the company's 6-gigawatt (GW) project with its financing partner, ENTRA1, and utility provider , the Tennessee Valley Authority (TVA). Right now, NuScale remains the only company in the U.S. with regulatory permission to build a small modular reactor, or SMR. If built, the company's TVA project would be the biggest SMR facility in the world by a large margin. Here's the catch: TVA still hasn't made any firm financial commitments to the project. The deal will be non-binding until a power-purchase agreement (PPA) is signed, locking the utility into buying power from the future NuScale facility. In a note to clients earlier this year, Singh conceded that "converting agreements to firm deals has been slower than anticipated." Singh also expressed concern about NuScale's financial position, citing increased cash burn and near-term funding risk. Image source: Getty Images. Since that note was published, however, NuScale has significantly improved its capital position. As of last quarter, the company has around $1.9 billion in cash and cash equivalents . This resolves most of Singh's funding concerns, though at the price of shareholder dilution. A vastly improved balance sheet now let's NuScale focus on executing Singh's most valuable catalyst: converting the non-biding TVA deal into a firm, revenue-generating project. That catalyst would be realized with the signing of a PPA. According to NuScale's management team, a PPA could be in place by the end of 2026. Last quarter, NuScale's CEO specifically called out "continued advancement on the ENTRA1 and TVA power purchase agreement discussions." NuScale's CFO added that the nuclear company is "hopeful that TVA can come across the line at some point later this year." If NuScale can secure a PPA for this project, Singh's bull thesis may ultimately look conservative. A PPA not only would provide serious social validation for NuScale's technology and go-to market strategy, but it would also clear up many financing concerns. ENTRA1, NuScale's financing partner, was approved for $25 billion in government funding last year to build large-scale energy projects . Not all of that funding will go to NuScale. But if the TVA deal reaches firm financial commitments this year, expect the market to assign more value to NuScale's future customer pipeline. Importantly, Singh is not alone in her bullishness. The Wall Street consensus price target for NuScale stock is also around $12 per share. The investment thesis, however, will largely hinge on getting a PPA signed for the 6-gigawatt SMR project with TVA. Should you buy stock in NuScale Power right now? Before you buy stock in NuScale Power, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and NuScale Power wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you’d have $421,997 !* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $1,413,876 !* Now, it’s worth noting Stock Advisor’s total average return is 978 % — a market-crushing outperformance compared to 213% for the S&P 500. Don't miss the latest top 10 list, available with Stock Advisor , and join an investing community built by individual investors for individual investors. See the 10 stocks » *Stock Advisor returns as of September 6, 2026. Bank of America is an advertising partner of Motley Fool Money. Ryan Vanzo has no position in any of the stocks mentioned. The Motley Fool recommends NuScale Power. The Motley Fool has a disclosure policy .

It has been a tough year for NuScale Power (NYSE: SMR) . Shares have fallen nearly 40% since 2026. One Wall Street analyst remains unfazed.

In early August, Rinny Singh, an analyst at Bank of America , reiterated her buy rating on SMR stock, setting a share price target of $12, implying roughly 24% upside over the next 12 months.

Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »

Why does Singh remain so bullish despite recent share price weakness? Her bull thesis comes down to one key catalyst -- a catalyst that may soon receive some much-needed momentum.

Singh's bull thesis on NuScale stock largely comes down to one critical factor: Can NuScale convert its customer pipeline into revenue-generating projects? The biggest mover from this perspective is the company's 6-gigawatt (GW) project with its financing partner, ENTRA1, and utility provider , the Tennessee Valley Authority (TVA).

Right now, NuScale remains the only company in the U.S. with regulatory permission to build a small modular reactor, or SMR. If built, the company's TVA project would be the biggest SMR facility in the world by a large margin.

Here's the catch: TVA still hasn't made any firm financial commitments to the project. The deal will be non-binding until a power-purchase agreement (PPA) is signed, locking the utility into buying power from the future NuScale facility.