Texas Capital analyst Nate Pendleton revised price targets lower across three nuclear power stocks following their second-quarter earnings results, while maintaining Buy ratings on all three.
Pendleton lowered his price target on Oklo Inc. (NYSE: OKLO) to $89 from $93, a level that still implies upside of more than 113% from the stock’s last closing price.
NuScale Power Corp. (NYSE: SMR) saw its price target cut more aggressively, dropping to $12 from $15, which implies approximately 32% upside from where shares last traded.
Nano Nuclear Energy Inc. (NASDAQ: NNE) received a revised target of $39, down from $43, representing implied upside of nearly 114%, with Texas Capital retaining its Buy rating on the stock.
Despite the broad-based reductions, Texas Capital named Oklo as its top pick within the nuclear power group, distinguishing it from the other two companies under coverage.
The firm said all three companies have built strong balance sheets “to help de-risk execution, enhance vertical integration, and ultimately shift discussion from runway to capital allocation.”
Wall Street’s broader consensus on OKLO reflects cautious optimism, with a 12-month average price target of $79.88 across 25 analysts, implying more than 91% upside from recent levels.
Of those 25 analysts, 15 carry a Buy or higher rating on OKLO, nine rate it a Hold, and just one analyst has assigned a Strong Sell rating to the shares.
SMR’s consensus 12-month price target stands at $12.63, implying around 39% upside, with six of 18 analysts holding Buy or higher ratings and ten recommending a Hold.
NNE carries the highest implied upside among the three based on consensus data, with an average 12-month target of $40.83 across seven analysts, five of whom rate the stock a Buy.
On the earnings front, Oklo posted a Q2 loss per share of $0.28, wider than consensus expectations, though quarterly revenue of $1.21 million beat estimates as accelerated project execution drove performance.
NuScale reported a Q2 loss per share of $0.13, in line with analyst estimates, but revenue collapsed to $75,000, down roughly 99.1% year over year from $8.05 million, reflecting a gap between project phases.
Nano Nuclear posted a quarterly loss of $0.19 per share, narrower than consensus estimates, while revenue came in at approximately $210,000, falling short of Wall Street expectations.
Retail sentiment on Stocktwits skewed bearish across all three stocks, with one user commenting “$OKLO $2 is fair value” and another writing “$SMR I can’t think in what scenario this doesn’t go down more.”
All three stocks have suffered significant year-to-date losses in 2026, with OKLO down more than 46%, SMR down more than 44%, and NNE shares lower by more than 33%.
