NuScale Power Co. (NYSE:SMR) Receives $9.68 Average Price Target from Analysts

NuScale Power Co. (NYSE:SMRGet Free Report) has received an average rating of “Moderate Buy” from the seven ratings firms that are presently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $9.68.

A number of equities research analysts have commented on the company. Craig Hallum started coverage on NuScale Power in a report on Thursday, September 26th. They set a “buy” rating and a $16.00 price target on the stock. B. Riley boosted their price target on NuScale Power from $8.00 to $14.00 and gave the stock a “buy” rating in a report on Thursday, June 27th. Finally, CLSA initiated coverage on NuScale Power in a research note on Friday, September 13th. They issued an “outperform” rating and a $11.00 price target for the company.

Check Out Our Latest Stock Analysis on SMR

NuScale Power Stock Up 5.9 %

SMR opened at $13.92 on Tuesday. NuScale Power has a 1-year low of $1.81 and a 1-year high of $16.91. The firm’s 50 day simple moving average is $9.87 and its two-hundred day simple moving average is $8.95. The company has a current ratio of 2.66, a quick ratio of 2.66 and a debt-to-equity ratio of 0.27. The company has a market capitalization of $3.38 billion, a PE ratio of -16.38 and a beta of 1.25.

NuScale Power (NYSE:SMRGet Free Report) last released its quarterly earnings results on Thursday, August 8th. The company reported ($0.31) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.13) by ($0.18). NuScale Power had a negative net margin of 592.28% and a negative return on equity of 61.82%. The company had revenue of $0.97 million for the quarter, compared to the consensus estimate of $1.43 million. During the same period in the prior year, the firm posted ($0.13) EPS.

Insider Buying and Selling

In other NuScale Power news, COO Carl M. Fisher sold 12,302 shares of the company’s stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $8.79, for a total value of $108,134.58. Following the sale, the chief operating officer now directly owns 30,323 shares of the company’s stock, valued at approximately $266,539.17. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, CFO Robert Ramsey Hamady sold 19,242 shares of the business’s stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $7.98, for a total value of $153,551.16. Following the completion of the transaction, the chief financial officer now directly owns 57,681 shares in the company, valued at $460,294.38. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, COO Carl M. Fisher sold 12,302 shares of the stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $8.79, for a total transaction of $108,134.58. Following the sale, the chief operating officer now directly owns 30,323 shares in the company, valued at $266,539.17. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 374,729 shares of company stock worth $4,178,595. 1.96% of the stock is owned by company insiders.

Institutional Investors Weigh In On NuScale Power

Several hedge funds have recently modified their holdings of SMR. Swedbank AB acquired a new position in NuScale Power in the 1st quarter worth about $18,585,000. Van ECK Associates Corp purchased a new position in shares of NuScale Power during the 2nd quarter valued at approximately $7,600,000. Bank of New York Mellon Corp grew its stake in NuScale Power by 97.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 278,513 shares of the company’s stock valued at $3,256,000 after acquiring an additional 137,382 shares during the period. Rheos Capital Works Inc. purchased a new stake in NuScale Power in the 1st quarter worth $1,328,000. Finally, Wedbush Securities Inc. raised its position in NuScale Power by 84.9% during the second quarter. Wedbush Securities Inc. now owns 188,600 shares of the company’s stock worth $2,205,000 after acquiring an additional 86,600 shares during the period. 15.28% of the stock is owned by hedge funds and other institutional investors.

NuScale Power Company Profile

(Get Free Report

NuScale Power Corporation engages in the development and sale of modular light water reactor nuclear power plants to supply energy for electrical generation, district heating, desalination, hydrogen production, and other process heat applications. It offers NuScale Power Module (NPM), a water reactor that can generate 77 megawatts of electricity (MWe); and VOYGR power plant designs for three facility sizes that are capable of housing from one to four and six or twelve NPMs.

Featured Stories

Analyst Recommendations for NuScale Power (NYSE:SMR)

Receive News & Ratings for NuScale Power Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NuScale Power and related companies with MarketBeat.com's FREE daily email newsletter.