NuScale Stock Falls 14% as UBS Sees a $95 Million EBITDA Gap

This article first appeared on GuruFocus. NuScale Power Corp. (NYSE:SMR) fell 13.66% intraday after UBS downgraded it to Sell from Neutral and cut its price target to $6 from $10, implying about 40% downside. Jon Windham cited an extended build timeline and the absence of firm customer commitments, with competitors already moving toward construction. Warning! GuruFocus has detected 6 Warning Signs with SMR. Is SMR fairly valued? Test your thesis with our free DCF calculator.SMR GF Value chart Windham estimates the market currently implies $124 million of 2028 EBITDA against his own forecast of $29 million, a difference of more than four times.