NuScale Power Corporation (NYSE:SMR) Receives Consensus Recommendation of “Reduce” from Brokerages

Shares of NuScale Power Corporation (NYSE:SMR) have been given a consensus recommendation of “Reduce” by the seventeen research firms that are presently covering the company, Marketbeat.com reports. Five research analysts have rated the stock with a sell recommendation, eight have assigned a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $35.1786.

SMR has been the subject of a number of research reports. BNP Paribas cut shares of NuScale Power from a “hold” rating to a “strong sell” rating in a report on Tuesday, October 21st. Bank of America restated an “underperform” rating and issued a $34.00 target price (down from $38.00) on shares of NuScale Power in a research note on Tuesday, September 30th. Canaccord Genuity Group upped their price target on NuScale Power from $44.00 to $60.00 and gave the stock a “buy” rating in a research note on Wednesday, September 3rd. Royal Bank Of Canada cut their price target on NuScale Power from $35.00 to $32.00 and set a “sector perform” rating on the stock in a report on Monday, November 10th. Finally, Wall Street Zen downgraded NuScale Power from a “hold” rating to a “sell” rating in a report on Saturday, November 8th.

NuScale Power Stock Performance

Shares of SMR stock opened at $14.31 on Wednesday. NuScale Power has a fifty-two week low of $11.08 and a fifty-two week high of $57.42. The stock has a 50 day simple moving average of $24.33 and a two-hundred day simple moving average of $34.53. The company has a market cap of $4.27 billion, a P/E ratio of -5.00 and a beta of 2.09.

NuScale Power (NYSE:SMR) last posted its quarterly earnings results 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). The business had revenue of $8.24 million for the quarter, compared to the consensus estimate of $11.29 million. NuScale Power had a negative return on equity of 51.27% and a negative net margin of 594.63%.NuScale Power’s quarterly revenue was up 1635.2% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.18) earnings per share. On average, research analysts predict that NuScale Power will post -0.73 earnings per share for the current year.

Insiders Place Their Bets

In other news, CFO Robert Ramsey Hamady sold 40,000 shares of the business’s stock in a transaction dated 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 directly owned 46,283 shares of the company’s stock, valued at $1,026,094.11. The trade was a 46.36% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Corp Fluor sold 87,900 shares of the firm’s stock in a transaction dated Wednesday, October 8th. The shares were sold at an average price of $39.58, for a total transaction of $3,479,082.00. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 3,464,278 shares of company stock valued at $139,048,499 in the last 90 days. 1.20% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Harbour Investments Inc. raised its holdings in shares of NuScale Power by 21.3% in the second quarter. Harbour Investments Inc. now owns 1,156 shares of the company’s stock valued at $46,000 after purchasing an additional 203 shares during the last quarter. D.A. Davidson & CO. lifted its position in shares of NuScale Power by 1.0% during the 2nd quarter. D.A. Davidson & CO. now owns 20,822 shares of the company’s stock worth $824,000 after buying an additional 212 shares in the last quarter. Pasadena Private Wealth LLC boosted its stake in shares of NuScale Power by 4.9% in the 3rd quarter. Pasadena Private Wealth LLC now owns 6,147 shares of the company’s stock worth $221,000 after buying an additional 287 shares during the last quarter. Family Capital Management Inc. grew its holdings in shares of NuScale Power by 3.5% in the third quarter. Family Capital Management Inc. now owns 8,682 shares of the company’s stock valued at $313,000 after acquiring an additional 291 shares in the last quarter. Finally, Cibc World Market Inc. grew its holdings in shares of NuScale Power by 3.8% in the third quarter. Cibc World Market Inc. now owns 9,000 shares of the company’s stock valued at $324,000 after acquiring an additional 329 shares in the last quarter. Institutional investors own 78.37% of the company’s stock.

NuScale Power Company Profile

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.