NuScale Power Co. (NYSE:SMR) Receives $16.60 Average PT from Analysts

NuScale Power Co. (NYSE:SMR) has been assigned a consensus rating of “Moderate Buy” from the six research firms that are covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12-month target price among analysts that have covered the stock in the last year is $17.83.

Several equities analysts recently issued reports on the company. UBS Group decreased their price objective on NuScale Power from $25.00 to $17.00 and set a “neutral” rating for the company in a research report on Friday, March 7th. BTIG Research reaffirmed a “buy” rating on shares of NuScale Power in a research note on Tuesday, May 13th. Finally, The Goldman Sachs Group started coverage on shares of NuScale Power in a report on Tuesday. They issued a “neutral” rating and a $24.00 price target for the company.

Insider Activity at NuScale Power

In other NuScale Power news, VP Jacqueline F. Engel sold 24,618 shares of the business’s stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $14.52, for a total transaction of $357,453.36. Following the sale, the vice president now directly 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 sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO John Lawrence Hopkins sold 26,345 shares of NuScale Power stock in a transaction dated Thursday, May 15th. The shares were sold at an average price of $23.66, for a total value of $623,322.70. The disclosure for this sale can be found here. In the last quarter, insiders have sold 184,392 shares of company stock valued at $3,138,221. 1.27% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in SMR. Victory Capital Management Inc. boosted its holdings in shares of NuScale Power by 6.6% in the 4th quarter. Victory Capital Management Inc. now owns 10,669 shares of the company’s stock valued at $191,000 after buying an additional 656 shares during the last quarter. Deutsche Bank AG grew its position in shares of NuScale Power by 0.9% in the 1st quarter. Deutsche Bank AG now owns 76,082 shares of the company’s stock valued at $1,077,000 after acquiring an additional 686 shares during the period. Farther Finance Advisors LLC grew its position in shares of NuScale Power by 6.9% in the 1st quarter. Farther Finance Advisors LLC now owns 12,902 shares of the company’s stock valued at $189,000 after acquiring an additional 833 shares during the period. Amalgamated Bank increased its stake in shares of NuScale Power by 51.8% during the 4th quarter. Amalgamated Bank now owns 2,889 shares of the company’s stock worth $52,000 after purchasing an additional 986 shares during the last quarter. Finally, Summit Investment Advisors Inc. raised its holdings in shares of NuScale Power by 16.6% in the 4th quarter. Summit Investment Advisors Inc. now owns 8,863 shares of the company’s stock valued at $159,000 after purchasing an additional 1,260 shares during the period. Institutional investors and hedge funds own 78.37% of the company’s stock.

NuScale Power Trading Up 6.5%

SMR opened at $25.43 on Tuesday. The firm’s fifty day moving average is $17.24 and its two-hundred day moving average is $20.34. The firm has a market cap of $7.23 billion, a PE ratio of -26.77 and a beta of 1.62. NuScale Power has a twelve month low of $6.61 and a twelve month 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.

NuScale Power (NYSE:SMR) last issued its quarterly earnings data on Monday, May 12th. The company reported ($0.11) EPS for the quarter, topping the consensus estimate of ($0.17) by $0.06. NuScale Power had a negative return on equity of 72.85% and a negative net margin of 1,089.32%. The business had revenue of $13.38 million for the quarter, compared to the consensus estimate of $1.46 million. Equities research analysts anticipate that NuScale Power will post -0.73 EPS for the current year.

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.