NuScale Power (SMR) saw its stock price plummet by 5.07% in pre-market trading on Tuesday, following a significant target price cut by Northland Capital. The sharp decline comes as investors react to the lowered expectations for the company's future performance.

Northland Capital, a respected financial services firm, reduced its target price for NuScale Power from $40 to $30, representing a substantial 25% decrease. This adjustment in valuation has clearly shaken investor confidence, leading to the sell-off in NuScale Power's shares.

While the specific reasons for Northland Capital's target price reduction were not explicitly stated, such moves are typically based on a reassessment of a company's growth prospects, financial performance, or changes in the broader market conditions. For NuScale Power, a company known for its work in small modular reactor (SMR) technology, this could potentially signal concerns about project timelines, regulatory challenges, or shifts in the nuclear energy landscape. Investors will likely be closely watching for any further analyst comments or company announcements to gain more insight into the factors behind this valuation adjustment.