Analysts Set NuScale Power Corporation (NYSE:SMR) Price Target at $35.18

Shares of NuScale Power Corporation (NYSE:SMR) have been assigned a consensus recommendation of “Reduce” from the seventeen analysts that are currently covering the stock, MarketBeat Ratings reports. Five investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $35.1786.

Several research analysts have recently commented on SMR shares. UBS Group set a $20.00 price objective on NuScale Power in a report on Tuesday, November 25th. Zacks Research raised shares of NuScale Power from a “strong sell” rating to a “hold” rating in a research note on Monday, December 22nd. BNP Paribas Exane lowered shares of NuScale Power from a “neutral” rating to an “underperform” rating in a report on Tuesday, October 21st. Barclays started coverage on shares of NuScale Power in a report on Monday, September 29th. They set an “equal weight” rating and a $45.00 price objective for the company. Finally, The Goldman Sachs Group cut their target price on shares of NuScale Power from $27.00 to $23.00 and set a “neutral” rating for the company in a research report on Friday, December 12th.

Insider Activity

In other NuScale Power news, Director Corp Fluor sold 820,861 shares of the stock in a transaction that occurred on Tuesday, October 7th. The shares were sold at an average price of $40.68, for a total transaction of $33,392,625.48. Following the transaction, the director directly owned 87,900 shares in the company, valued at $3,575,772. This trade represents a 90.33% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Robert Ramsey Hamady sold 40,000 shares of NuScale Power stock in a transaction that occurred on Monday, December 8th. The stock was sold at an average price of $22.17, for a total transaction of $886,800.00. Following the transaction, the chief financial officer directly owned 46,283 shares in the company, valued at $1,026,094.11. This trade represents a 46.36% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 948,761 shares of company stock worth $37,758,507 over the last quarter. Corporate insiders own 1.20% of the company’s stock.

Hedge Funds Weigh In On NuScale Power

Institutional investors and hedge funds have recently made changes to their positions in the business. CX Institutional bought a new stake in NuScale Power in the third quarter worth $25,000. Nemes Rush Group LLC bought a new stake in shares of NuScale Power in the 3rd quarter valued at about $25,000. Strategic Advocates LLC purchased a new stake in NuScale Power during the 3rd quarter valued at about $25,000. Thurston Springer Miller Herd & Titak Inc. boosted its holdings 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 acquiring an additional 359 shares during the period. Finally, Indiana Trust & Investment Management Co bought a new position in NuScale Power during the 3rd quarter worth approximately $34,000. Institutional investors own 78.37% of the company’s stock.

NuScale Power Price Performance

SMR opened at $16.23 on Wednesday. The firm has a market capitalization of $4.84 billion, a P/E ratio of -5.67 and a beta of 2.12. NuScale Power has a one year low of $11.08 and a one year high of $57.42. The company has a fifty day moving average price of $23.01 and a 200-day moving average price of $33.99.

NuScale Power (NYSE:SMR) last posted its quarterly earnings data on Thursday, November 6th. The company reported ($1.85) earnings per share (EPS) for the quarter, missing the consensus estimate 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 net margin of 594.63% and a negative return on equity of 51.27%. NuScale Power’s quarterly revenue was up 1635.2% on a year-over-year basis. During the same period in the prior year, the business posted ($0.18) EPS. On average, analysts expect that NuScale Power will post -0.73 earnings per share for the current year.

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.