NuScale Power Corporation (NYSE:SMR) Receives $15.46 Consensus Price Target from Brokerages

NuScale Power Corporation (NYSE:SMR) has earned a consensus recommendation of “Hold” from the seventeen brokerages that are currently covering the company, Marketbeat Ratings reports. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $15.4615.

Several equities research analysts have recently issued reports on SMR shares. Weiss Ratings restated a “sell (d-)” rating on shares of NuScale Power in a research note on Wednesday, June 24th. Truist Financial assumed coverage on NuScale Power in a research note on Monday, July 13th. They issued a “hold” rating and a $10.00 price objective on the stock. B. Riley Financial reduced their price objective on NuScale Power from $24.00 to $19.00 and set a “buy” rating for the company in a report on Friday, April 24th. Bank of America began coverage on NuScale Power in a report on Friday, May 22nd. They set a “neutral” rating and a $12.00 price objective for the company. Finally, HSBC began coverage on NuScale Power in a research report on Thursday, April 23rd. They issued a “hold” rating and a $13.00 target price for the company.

Institutional Investors Weigh In On NuScale Power

Several large investors have recently added to or reduced their stakes in SMR. Vermillion & White Wealth Management Group LLC raised its stake in NuScale Power by 1,550.9% in the 4th quarter. Vermillion & White Wealth Management Group LLC now owns 1,783 shares of the company’s stock valued at $25,000 after acquiring an additional 1,675 shares during the period. Assetmark Inc. boosted its position in NuScale Power by 1,940.3% during the first quarter. Assetmark Inc. now owns 2,428 shares of the company’s stock worth $26,000 after purchasing an additional 2,309 shares during the period. Ameriflex Group Inc. bought a new position in NuScale Power during the fourth quarter worth about $30,000. Strategic Advocates LLC increased its stake in shares of NuScale Power by 233.0% in the fourth quarter. Strategic Advocates LLC now owns 2,321 shares of the company’s stock worth $33,000 after purchasing an additional 1,624 shares in the last quarter. Finally, Harbour Investments Inc. increased its stake in shares of NuScale Power by 32.4% in the fourth quarter. Harbour Investments Inc. now owns 2,419 shares of the company’s stock worth $34,000 after purchasing an additional 592 shares in the last quarter. Hedge funds and other institutional investors own 78.37% of the company’s stock.

NuScale Power Stock Performance

Shares of NYSE:SMR opened at $8.71 on Friday. The company has a market capitalization of $3.18 billion, a P/E ratio of -2.98 and a beta of 2.24. The company’s 50-day moving average is $10.40 and its 200 day moving average is $12.80. NuScale Power has a fifty-two week low of $7.21 and a fifty-two week high of $57.42.

NuScale Power (NYSE:SMR) last posted its quarterly earnings data on Thursday, May 7th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.03). The company had revenue of $0.56 million for the quarter, compared to analysts’ expectations of $7.00 million. NuScale Power had a negative return on equity of 48.88% and a negative net margin of 2,066.55%.The business’s revenue was down 95.8% compared to the same quarter last year. As a group, research analysts predict that NuScale Power will post -0.46 earnings per share for the current year.

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.