TD Cowen Lowers NuScale Power Rating, Cites Romania SMR Vote as Potential Catalyst
TD Cowen downgraded NuScale Power to Hold from Buy, pointing to the possibility of a negative outcome from an imminent Nuclearelectrica shareholder vote on the Doicesti SMR project in Romania. While the broker still expects the project to proceed, revised approval conditions transfer more performance and financial risk onto NuScale and push the exp…