UBS Group AGUBS is the analyst issuing the NuScale downgrade and price-target cut, but the news is about NuScale, not UBS's own financials.
UBS downgraded NuScale Power Corp. to Sell from Neutral and cut its price target to $6 from $10, sending shares down 13.66% intraday on an implied downside of about 40%. Analyst Jon Windham cited an extended build timeline and the absence of firm customer commitments, with competitors already moving toward construction. Windham estimates the market currently implies $124 million of 2028 EBITDA against his own forecast of $29 million, a gap of more than four times, and he models roughly $700 million of cumulative cash burn from 2026 through 2028 on the assumption that only one project begins construction in 2028. He projects revenue rising from $185 million in 2028 to $924 million in 2030, a 123% compound annual rate, with earnings negative throughout. UBS cautioned that project delays, setbacks at RoPower, and limited progress with the Tennessee Valley Authority could widen the gap further, and noted that a five-year-plus build leaves NuScale behind rivals already breaking ground.
UBS Group AGUBS is the analyst issuing the NuScale downgrade and price-target cut, but the news is about NuScale, not UBS's own financials.
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Nuscale Power CorpUBS downgraded NuScale to Sell and cut its price target to $6, citing extended build timelines and no firm customer commitments.