1Q26 Update; De-Risking Accelerates with NRC SER, Riot MOU, and Executed DoE OTAs. Reit OW, $12 PT.

研报英文原文证据摘录

1Q26 Update; De-Risking Accelerates with NRC SER, Riot MOU, and Executed DoE OTAs. Reit OW, $12 PT.

d extended demonstration, testing, or

disaster-mitigation measures raising technical risk. The novelty means fewer reference

plants, operational decades, minimal real-world experience compared with light-water

reactors.

Competition from existing or new competitors could cause them to experience pressures

on pricing, lower customer demand and the loss of market share. Terrestrial operate in

highly competitive markets and are subject to competition based upon product design,

performance, technology, pricing, quality, and services, from competing nuclear suppliers

as well as from alternative means of producing electricity and heat. There are a number

of advanced reactor designs, and advanced reactor projects, under development in

the United States. Many of these designs are involved in pre-application review with

the USNRC. Their advanced design, projected product design performance, engineering

expertise, and quality control have been important factors in their growth, but other

companies providing competing technologies could capture customers or market share,

which could have a material adverse effect on their business or financial condition. Their

competitors may develop or adopt technologies that are superior, more efficient, more

effective, or more attractive to prospective customers compared to their technologies.

Competitors may also adapt quicker to leverage emerging technologies or meet evolving

regulatory requirements in target markets. They will need to anticipate and respond to

these changes by enhancing offerings and internal processes to maintain a competitive

position, but may not be successful in doing so. In such scenarios, the Company may not