Yes, true enough as far as we currently understand cold fusion if it worked, which it doesn't.
I do wonder though, about the difference between the 50-60 degrees above ambient the heat exchangers for the waste heat of a cold fusion powerplant would probably require and the kinds of things Atomic Rockets and the "no stealth in space" crowd have in mind, which are very much big honking fusion torches or chemical rockets spewing reaction mass out.
Could you insulate the powerplant and the ship when you're only dealing with cold fusion power? Maybe a double hull with some coolant running inside the outer shell? Keeping the outer hull as cool as possible?
Anyway, just as it is true that you would have to work hard to hide your emissions it is also true that actually space isn't a nice pure environment for sensors to operate in - in reality background noise is a constant problem for telescopes and other arrays trying to sense things in space.