NuScale Power Corporation (NYSE:SMR) Receives Consensus Rating of “Hold” from Analysts

NuScale Power Corporation (NYSE:SMR) has received a consensus rating of “Hold” from the seventeen ratings firms that are presently covering the stock, Marketbeat reports. Four investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $33.1923.

Several research analysts have commented on the stock. UBS Group set a $20.00 price target on shares of NuScale Power in a report on Tuesday, November 25th. B. Riley Financial dropped their price objective on shares of NuScale Power from $38.00 to $24.00 and set a “buy” rating for the company in a research note on Monday, December 22nd. Zacks Research lowered NuScale Power from a “hold” rating to a “strong sell” rating in a research note on Tuesday, January 20th. Texas Capital raised NuScale Power to a “strong-buy” rating in a research report on Tuesday, January 27th. Finally, Wall Street Zen cut NuScale Power from a “hold” rating to a “sell” rating in a research note on Saturday, November 8th.

NuScale Power Stock Down 0.5%

SMR opened at $14.19 on Thursday. The business has a fifty day simple moving average of $17.35 and a 200-day simple moving average of $28.46. The firm has a market cap of $4.24 billion, a P/E ratio of -4.96 and a beta of 2.14. NuScale Power has a 52 week low of $11.08 and a 52 week high of $57.42.

Insider Transactions at NuScale Power

In other NuScale Power news, CFO Robert Ramsey Hamady sold 40,000 shares of the company’s stock in a transaction dated Monday, December 8th. The shares were sold at an average price of $22.17, for a total value of $886,800.00. Following the completion of the transaction, the chief financial officer owned 46,283 shares in the company, valued at approximately $1,026,094.11. This represents a 46.36% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.20% of the stock is owned by insiders.

Institutional Investors Weigh In On NuScale Power

Large investors have recently modified their holdings of the stock. Private Wealth Partners LLC grew its stake in NuScale Power by 39.4% in the 2nd quarter. Private Wealth Partners LLC now owns 23,000 shares of the company’s stock valued at $910,000 after buying an additional 6,500 shares during the last quarter. Intech Investment Management LLC increased its holdings in NuScale Power by 72.3% in the second quarter. Intech Investment Management LLC now owns 91,362 shares of the company’s stock valued at $3,614,000 after purchasing an additional 38,347 shares during the last quarter. Black Swift Group LLC acquired a new position in NuScale Power in the second quarter valued at about $585,000. Allianz Asset Management GmbH bought a new position in shares of NuScale Power during the third quarter worth $14,347,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH grew its stake in NuScale Power by 686.9% in the third quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 184,609 shares of the company’s stock valued at $6,646,000 after acquiring an additional 161,149 shares during the period. 78.37% of the stock is owned by institutional investors.

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.