NuScale Power Co. (NYSE:SMR) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of NuScale Power Co. (NYSE:SMR – Get Rating) have been given a consensus rating of “Moderate Buy” by the six ratings firms that are currently covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $15.90.

Separately, TD Cowen decreased their price objective on shares of NuScale Power from $17.00 to $14.50 and set an “outperform” rating on the stock in a report on Wednesday, March 22nd.

Insider Buying and Selling

In other NuScale Power news, COO Dale Atkinson sold 50,660 shares of the firm’s stock in a transaction on Wednesday, February 15th. The stock was sold at an average price of $10.45, for a total value of $529,397.00. Following the transaction, the chief operating officer now owns 110,195 shares in the company, valued at approximately $1,151,537.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, COO Dale Atkinson sold 50,660 shares of the business’s stock in a transaction that occurred on Wednesday, February 15th. The stock was sold at an average price of $10.45, for a total transaction of $529,397.00. Following the transaction, the chief operating officer now directly owns 110,195 shares in the company, valued at approximately $1,151,537.75. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Thomas P. Mundy sold 18,358 shares of the company’s stock in a transaction that occurred on Monday, February 13th. The shares were sold at an average price of $10.52, for a total value of $193,126.16. Following the completion of the sale, the insider now owns 64,264 shares of the company’s stock, valued at $676,057.28. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 320,216 shares of company stock worth $3,006,561. 3.06% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Charles Schwab Investment Management Inc. grew its stake in shares of NuScale Power by 1.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 78,045 shares of the company’s stock valued at $801,000 after buying an additional 1,223 shares during the period. Amalgamated Bank lifted its holdings in NuScale Power by 86.3% in the third quarter. Amalgamated Bank now owns 4,049 shares of the company’s stock valued at $47,000 after acquiring an additional 1,876 shares during the last quarter. Federated Hermes Inc. grew its position in NuScale Power by 34.6% in the first quarter. Federated Hermes Inc. now owns 8,393 shares of the company’s stock worth $76,000 after acquiring an additional 2,158 shares during the period. LPL Financial LLC increased its stake in NuScale Power by 12.7% during the fourth quarter. LPL Financial LLC now owns 24,885 shares of the company’s stock worth $255,000 after acquiring an additional 2,808 shares during the last quarter. Finally, Strs Ohio raised its position in NuScale Power by 80.0% in the third quarter. Strs Ohio now owns 7,200 shares of the company’s stock valued at $84,000 after purchasing an additional 3,200 shares during the period.

NuScale Power Trading Down 1.2 %

Shares of SMR stock opened at $7.94 on Thursday. NuScale Power has a 12-month low of $7.60 and a 12-month high of $15.85. The business’s 50 day moving average is $8.80 and its two-hundred day moving average is $10.07.

NuScale Power (NYSE:SMR – Get Rating) last announced its earnings results on Wednesday, March 15th. The company reported ($0.18) earnings per share for the quarter. The firm had revenue of $3.44 million during the quarter. On average, equities analysts predict that NuScale Power will post -0.22 earnings per share for the current year.

About NuScale Power

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NuScale Power Corporation develops and sells 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, a water reactor that can generate 77 megawatts of electricity (MWe); The VOYGR-12 power plant that can generate 924 MWe; and four-module VOYGR-4 and six-module VOYGR-6 plants, as well as other configurations based on customer needs.