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    Vikram Bakri

    Director and Senior Analyst at Citigroup

    Vikram Bagri is a Director and Senior Analyst at Citi Research, specializing in the North American alternative energy, renewables, and refining sectors, with coverage of companies such as Canadian Solar, Oklo, Phillips 66, Valero Energy, Marathon Petroleum, and PBF Energy. He has issued over 100 investment ratings, though his performance metrics indicate a success rate of approximately 27.6% and an average return of -20.5%, ranking near the lower quartile among Wall Street analysts. Bagri re-joined Citi in 2023 after holding prior analyst roles at Jefferies and Needham & Company, bringing more than a decade of sell-side experience in energy infrastructure and engineering & construction. He is registered with FINRA and holds applicable securities licenses as a broker with Citigroup Global Markets Inc.

    Vikram Bakri's questions to NUSCALE POWER (SMR) leadership

    Vikram Bakri's questions to NUSCALE POWER (SMR) leadership • Q2 2025

    Question

    Vignesh, on behalf of Vikram Bakri from Citigroup, requested an update on the approximately 10 active customer negotiations mentioned last quarter and asked for an update on the progress and timeline of the Phase II FEED study for the RoPower project in Romania.

    Answer

    President & CEO John Hopkins stated NuScale is now 'laser focused' on closing one or two deals with U.S.-based customers, including discussions with the U.S. government and hyperscalers. CFO Ramsey Hamady clarified that IntraOne is NuScale's direct customer. Regarding RoPower, Hopkins reported that the project's final notice to proceed is now anticipated in late 2026 or early 2027, based on recent updates from the customer.

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