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SMR Stock Drops As Citi Slashes NuScale Price Target

JACK KELLOGG•UPDATED JUN. 10, 2026, 2:33 PM ET
Reviewed by Ellis Hobbsand Fact-checked by Matt Monaco

NuScale Power Corporation stocks have been trading down by -4.1 percent amid heightened concerns over modular nuclear project delays.

Candlestick Chart

Live Update At 14:32:36 EDT: On Wednesday, June 10, 2026 NuScale Power Corporation stock [NYSE: SMR] is trending down by -4.1%! Discover the key drivers behind this movement as well as our expert analysis in the detailed breakdown below.

Quick Financial Overview

NuScale Power Corporation, trading under ticker SMR, is still a story stock, not a cash machine. The numbers back that up. NuScale Power posted just $0.6M in quarterly revenue against roughly $58.1M in total expenses, leaving SMR with a net loss of about $44.0M. That works out to a loss of $0.14 per share, which tells traders the business is far from breakeven.

Margins for SMR are deeply negative, with profit margins in the red and EBITDA around -$57.2M. Yet NuScale Power holds a huge cash cushion: about $341.1M in cash and $890.1M in cash plus short-term investments. The current ratio near 29 shows SMR has plenty of liquidity for now.

On the chart, SMR has slid from recent highs above $14 to around $9.59, breaking down through the $12–$11 zone that had acted as support. Daily candles show a series of lower highs, while today’s intraday action around $9.60 is a slow bleed with tight consolidation. For traders, NuScale Power looks like a weak downtrending chart wrapped around a speculative nuclear tech story, backed by cash but pressured by heavy losses.

Why Traders Are Watching SMR After Citi’s Downgrade

NuScale Power Corporation landed on a lot of watchlists after Citi stepped in with a harsh call. Citi cut its price target on SMR from $9 to $7 and kept a Sell rating. That is not a soft downgrade. It’s a clear message that this desk sees less upside and more risk in NuScale Power at current levels.

For a stock like SMR, which already trades on hopes for small modular reactor technology and future contracts, that kind of Wall Street hit matters. A $7 target sits below where NuScale Power has been trading recently, around the mid‑$9s. That gap creates psychological pressure. Long-biased traders have to ask themselves why they’re paying above a big bank’s stated fair value in the middle of a steep downtrend.

Look at the daily chart: SMR ran as high as $14.30 recently, then faded hard to sub‑$10. NuScale Power tried to hold the $12 area but failed. Each bounce since has been weaker, with SMR closing at $9.59 after another red day. Citi’s target cut simply confirms what the chart has been whispering — the market is repricing NuScale Power lower.

Intraday, SMR’s 5‑minute candles show a grind. Early attempts to reclaim $10 faded quickly. Through the midday and afternoon, NuScale Power hovered in a narrow $9.60–$9.75 band with sellers capping every push. That’s classic distribution action. When you line that up with Citi’s Sell rating, traders in SMR are dealing with both technical weakness and negative Street sentiment at the same time.

For short-biased traders, this setup in NuScale Power can be attractive: a cash-rich, loss-making company, sliding chart, and fresh bearish catalyst. Long-biased traders in SMR, on the other hand, need to be far more tactical — treating every bounce as a potential short-lived squeeze, not a guaranteed trend change.

More Breaking News

Conclusion

NuScale Power Corporation is a textbook example of a high‑story, high‑risk name under pressure. SMR has a big cash position, no debt problems, and a bold vision for small modular reactors. But the income statement is ugly, margins are deeply negative, and revenue is still tiny. Now Citi has stepped up and cut its SMR price target from $9 to $7 while reiterating a Sell rating. That locks in a bearish overhang above NuScale Power for the near term.

For traders, the message is simple. SMR is no safe hold. The chart confirms what Citi put in writing — NuScale Power is in a clear downtrend, with rallies getting sold and support levels cracking. That does not mean NuScale Power Corporation can’t bounce. In fact, sharp squeezes are common in names like SMR when shorts crowd in and any good headline hits.

But this is where discipline matters. As Tim Sykes loves to say, “The market doesn’t care about your opinion, only your risk management.” As millionaire penny stock trader and teacher Tim Sykes says, “It’s not about how much money you make; it’s about how much money you keep.” NuScale Power and SMR will keep offering both long and short opportunities, but only to traders who respect the trend, react to real data, and cut losses fast. Use the Citi downgrade as a reminder: in names like SMR, hope is not a strategy; price action is.

This is stock news, not investment advice. Timothy Sykes News delivers real-time stock market news focused on key catalysts driving short-term price movements. Our content is tailored for active traders and investors seeking to capitalize on rapid price fluctuations, particularly in volatile sectors like penny stocks. Readers come to us for detailed coverage on earnings reports, mergers, FDA approvals, new contracts, and unusual trading volumes that can trigger significant short-term price action. Some users utilize our news to explain sudden stock movements, while others rely on it for diligent research into potential investment opportunities.

Dive deeper into the world of trading with Timothy Sykes, renowned for his expertise in penny stocks. Explore his top picks and discover the strategies that have propelled him to success with these articles:

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The available research on day trading suggests that most active traders lose money. Fees and overtrading are major contributors to these losses.

A 2000 study called “Trading is Hazardous to Your Wealth: The Common Stock Investment Performance of Individual Investors” evaluated 66,465 U.S. households that held stocks from 1991 to 1996. The households that traded most averaged an 11.4% annual return during a period where the overall market gained 17.9%. These lower returns were attributed to overconfidence.

A 2014 paper (revised 2019) titled “Learning Fast or Slow?” analyzed the complete transaction history of the Taiwan Stock Exchange between 1992 and 2006. It looked at the ongoing performance of day traders in this sample, and found that 97% of day traders can expect to lose money from trading, and more than 90% of all day trading volume can be traced to investors who predictably lose money. Additionally, it tied the behavior of gamblers and drivers who get more speeding tickets to overtrading, and cited studies showing that legalized gambling has an inverse effect on trading volume.

A 2019 research study (revised 2020) called “Day Trading for a Living?” observed 19,646 Brazilian futures contract traders who started day trading from 2013 to 2015, and recorded two years of their trading activity. The study authors found that 97% of traders with more than 300 days actively trading lost money, and only 1.1% earned more than the Brazilian minimum wage ($16 USD per day). They hypothesized that the greater returns shown in previous studies did not differentiate between frequent day traders and those who traded rarely, and that more frequent trading activity decreases the chance of profitability.

These studies show the wide variance of the available data on day trading profitability. One thing that seems clear from the research is that most day traders lose money .

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Citations for Disclaimer

Barber, Brad M. and Odean, Terrance, Trading is Hazardous to Your Wealth: The Common Stock Investment Performance of Individual Investors. Available at SSRN: “Day Trading for a Living?”

Barber, Brad M. and Lee, Yi-Tsung and Liu, Yu-Jane and Odean, Terrance and Zhang, Ke, Learning Fast or Slow? (May 28, 2019). Forthcoming: Review of Asset Pricing Studies, Available at SSRN: “https://ssrn.com/abstract=2535636”

Chague, Fernando and De-Losso, Rodrigo and Giovannetti, Bruno, Day Trading for a Living? (June 11, 2020). Available at SSRN: “https://ssrn.com/abstract=3423101”