NuScale Power (NYSE:SMR) Upgraded at Zacks Research

Zacks Research upgraded shares of NuScale Power (NYSE:SMR) from a strong sell rating to a hold rating in a research note issued to investors on Monday morning,Zacks.com reports.

A number of other equities analysts have also commented on SMR. Canaccord Genuity Group lifted their price target on shares of NuScale Power from $44.00 to $60.00 and gave the stock a “buy” rating in a report on Wednesday, September 3rd. BNP Paribas downgraded NuScale Power from a “hold” rating to a “strong sell” rating in a report on Tuesday, October 21st. Barclays initiated coverage on NuScale Power in a research report on Monday, September 29th. They issued an “equal weight” rating and a $45.00 price target on the stock. Weiss Ratings restated a “sell (d-)” rating on shares of NuScale Power in a research report on Monday. Finally, Cantor Fitzgerald initiated coverage on NuScale Power in a report on Tuesday, October 21st. They issued an “overweight” rating and a $55.00 target price on the stock. Four analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and five have assigned a Sell rating to the company’s stock. According to MarketBeat, NuScale Power has a consensus rating of “Reduce” and an average price target of $35.18.

NuScale Power Trading Up 1.0%

NYSE:SMR opened at $16.13 on Monday. The stock’s 50-day moving average is $26.62 and its 200-day moving average is $35.20. NuScale Power has a 1-year low of $11.08 and a 1-year high of $57.42. The stock has a market cap of $4.81 billion, a P/E ratio of -5.64 and a beta of 2.09.

NuScale Power (NYSE:SMR) last issued its quarterly earnings data on Thursday, November 6th. The company reported ($1.85) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.11) by ($1.74). NuScale Power had a negative net margin of 594.63% and a negative return on equity of 51.27%. The business had revenue of $8.24 million during the quarter, compared to the consensus estimate of $11.29 million. During the same quarter last year, the business earned ($0.18) EPS. The firm’s quarterly revenue was up 1635.2% compared to the same quarter last year. As a group, equities analysts forecast that NuScale Power will post -0.73 EPS for the current year.

Insider Activity at NuScale Power

In other NuScale Power news, Director Corp Fluor sold 909,055 shares of the stock in a transaction that occurred on Tuesday, September 30th. The stock was sold at an average price of $36.72, for a total transaction of $33,380,499.60. Following the transaction, the director directly owned 3,956,632 shares in the company, valued at approximately $145,287,527.04. This represents a 18.68% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Robert Ramsey Hamady sold 40,000 shares of NuScale Power stock in a transaction on Monday, December 8th. The shares were sold at an average price of $22.17, for a total transaction of $886,800.00. Following the completion of the sale, the chief financial officer owned 46,283 shares of the company’s stock, valued at $1,026,094.11. This represents a 46.36% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 6,191,617 shares of company stock worth $241,380,594. Insiders own 1.20% of the company’s stock.

Hedge Funds Weigh In On NuScale Power

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. CX Institutional acquired a new position in NuScale Power during the 3rd quarter worth approximately $25,000. Nemes Rush Group LLC acquired a new position in shares of NuScale Power during the third quarter worth approximately $25,000. Strategic Advocates LLC bought a new position in shares of NuScale Power in the 3rd quarter worth $25,000. Quantbot Technologies LP acquired a new stake in NuScale Power in the 1st quarter valued at $27,000. Finally, Thurston Springer Miller Herd & Titak Inc. increased its stake in NuScale Power by 84.5% during the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 784 shares of the company’s stock valued at $31,000 after purchasing an additional 359 shares in the last quarter. Institutional investors own 78.37% of the company’s stock.

About NuScale Power

NuScale Power Corporation, trading on the NYSE American under the ticker SMR, is a pioneering developer of small modular nuclear reactors. Established in 2007 as a spinout from Oregon State University, the company is headquartered in Portland, Oregon. NuScale’s mission is to deliver zero-carbon baseload power through scalable modular reactor technology, aiming to transform traditional nuclear energy deployment.

At the core of NuScale’s offering is the VOYGR small modular reactor design, featuring 77-megawatt electric (MWe) modules with passive safety systems.