NuScale Power (NYSE:SMR) Research Coverage Started at BTIG Research

BTIG Research started coverage on shares of NuScale Power (NYSE:SMR) in a report published on Friday morning, Marketbeat Ratings reports. The firm issued a buy rating and a $20.00 price objective on the stock.

Separately, UBS Group dropped their price objective on NuScale Power from $25.00 to $17.00 and set a “neutral” rating for the company in a research note on Friday, March 7th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, NuScale Power currently has an average rating of “Moderate Buy” and an average price target of $16.60.

NuScale Power Stock Up 1.9 %

SMR opened at $15.14 on Friday. NuScale Power has a fifty-two week low of $4.61 and a fifty-two week high of $32.30. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.24 and a current ratio of 2.24. The stock has a market cap of $4.27 billion, a price-to-earnings ratio of -15.93 and a beta of 1.64. The firm’s fifty day moving average is $18.11 and its 200 day moving average is $19.92.

Insiders Place Their Bets

In other NuScale Power news, VP Jacqueline F. Engel sold 24,618 shares of NuScale Power stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $14.52, for a total value of $357,453.36. Following the sale, the vice president now owns 1,149 shares of the company’s stock, valued at $16,683.48. The trade was a 95.54 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CTO Jose N. Reyes, Jr. sold 33,000 shares of the stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $15.13, for a total value of $499,290.00. Following the transaction, the chief technology officer now owns 516,207 shares of the company’s stock, valued at $7,810,211.91. This represents a 6.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 89,114 shares of company stock worth $1,351,231 in the last 90 days. 1.96% of the stock is currently owned by corporate insiders.

Institutional Trading of NuScale Power

Large investors have recently made changes to their positions in the business. Vanguard Group Inc. grew its position in NuScale Power by 8.2% in the fourth quarter. Vanguard Group Inc. now owns 8,427,917 shares of the company’s stock worth $151,113,000 after acquiring an additional 635,271 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of NuScale Power by 1.6% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,688,678 shares of the company’s stock worth $101,998,000 after purchasing an additional 89,949 shares during the period. Samsung C&T Corp bought a new position in shares of NuScale Power during the 4th quarter valued at approximately $46,745,000. Geode Capital Management LLC raised its holdings in NuScale Power by 7.4% during the 4th quarter. Geode Capital Management LLC now owns 1,965,456 shares of the company’s stock valued at $35,249,000 after buying an additional 135,613 shares during the period. Finally, Van ECK Associates Corp lifted its position in NuScale Power by 41.4% in the fourth quarter. Van ECK Associates Corp now owns 1,746,625 shares of the company’s stock worth $31,317,000 after buying an additional 511,168 shares during the last quarter. 78.37% of the stock is currently owned by institutional investors.

NuScale Power Company Profile

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.