Bank of America analyst Rinny Singh reiterated a "Buy" rating on NuScale Power, setting a price target of $12, implying a potential upside of approximately 23.7% over the next 11 months. Despite NuScale Power's stock price falling nearly 40% this year, Singh is optimistic about its position as the only U.S. company with regulatory approval to build small modular reactors (SMRs). Singh anticipates that NuScale's 6-gigawatt SMR project with the Tennessee Valley Authority (TVA) could sign a power purchase agreement (PPA) by the end of 2026. The company's recent capital position has significantly improved, with approximately $1.9 billion in cash, addressing previous analyst concerns about funding.