NuScale Power Corporation (NYSE:SMR) Receives Average Recommendation of “Hold” from Brokerages

Shares of NuScale Power Corporation (NYSE:SMRGet Free Report) have earned a consensus recommendation of “Hold” from the seventeen analysts that are covering the stock, Marketbeat Ratings reports. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating, five have given a buy rating and one has given a strong buy rating to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $20.8846.

A number of research analysts recently weighed in on the stock. The Goldman Sachs Group lowered their price objective on shares of NuScale Power from $20.00 to $14.00 and set a “neutral” rating on the stock in a research report on Monday, March 2nd. Canaccord Genuity Group lowered their price objective on shares of NuScale Power from $60.00 to $25.00 and set a “buy” rating on the stock in a research report on Friday, February 27th. Royal Bank Of Canada lowered their price objective on shares of NuScale Power from $21.00 to $14.00 and set a “sector perform” rating on the stock in a research report on Monday, March 2nd. Northland Securities upgraded shares of NuScale Power from a “market perform” rating to an “outperform” rating and set a $21.00 price objective on the stock in a research report on Friday, February 27th. Finally, Barclays decreased their price target on shares of NuScale Power from $45.00 to $15.00 and set an “equal weight” rating on the stock in a research report on Monday, February 23rd.

Read Our Latest Research Report on SMR

NuScale Power Stock Down 5.7%

Shares of NuScale Power stock opened at $9.30 on Friday. The company has a market cap of $3.14 billion, a price-to-earnings ratio of -3.22 and a beta of 2.27. The company’s 50 day moving average is $12.86 and its 200 day moving average is $22.12. NuScale Power has a twelve month low of $9.14 and a twelve month high of $57.42.

NuScale Power (NYSE:SMRGet Free Report) last issued its quarterly earnings data on Thursday, February 26th. The company reported ($0.80) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.70). The company had revenue of $1.81 million for the quarter, compared to the consensus estimate of $8.76 million. NuScale Power had a negative net margin of 1,130.26% and a negative return on equity of 55.23%. Sell-side analysts expect that NuScale Power will post -0.73 EPS for the current fiscal year.

More NuScale Power News

Here are the key news stories impacting NuScale Power this week:

Insider Transactions at NuScale Power

In related news, insider Clayton Scott sold 22,478 shares of the firm’s stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $12.22, for a total transaction of $274,681.16. Following the completion of the transaction, the insider directly owned 132,852 shares of the company’s stock, valued at approximately $1,623,451.44. This trade represents a 14.47% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO Carl M. Fisher sold 22,197 shares of the firm’s stock in a transaction on Tuesday, March 3rd. The shares were sold at an average price of $12.22, for a total transaction of $271,247.34. Following the transaction, the chief operating officer directly owned 140,141 shares of the company’s stock, valued at $1,712,523.02. The trade was a 13.67% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 635,610 shares of company stock valued at $8,198,439. Company 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 business. Vanguard Group Inc. grew its stake in shares of NuScale Power by 40.5% in the 4th quarter. Vanguard Group Inc. now owns 15,545,018 shares of the company’s stock worth $220,273,000 after buying an additional 4,482,254 shares in the last quarter. Van ECK Associates Corp grew its stake in shares of NuScale Power by 117.8% in the 4th quarter. Van ECK Associates Corp now owns 11,515,561 shares of the company’s stock worth $163,176,000 after buying an additional 6,227,747 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of NuScale Power by 22.6% in the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,310,961 shares of the company’s stock worth $263,195,000 after acquiring an additional 1,346,796 shares during the last quarter. Morgan Stanley lifted its holdings in shares of NuScale Power by 81.0% in the 4th quarter. Morgan Stanley now owns 5,277,905 shares of the company’s stock worth $74,788,000 after acquiring an additional 2,361,532 shares during the last quarter. Finally, Samsung C&T Corp lifted its holdings in shares of NuScale Power by 98.9% in the 3rd quarter. Samsung C&T Corp now owns 5,185,804 shares of the company’s stock worth $186,689,000 after acquiring an additional 2,578,702 shares during the last quarter. 78.37% of the stock is owned by hedge funds and other institutional investors.

NuScale Power Company Profile

(Get Free Report)

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.

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Analyst Recommendations for NuScale Power (NYSE:SMR)

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