NuScale Power Corporation (NYSE:SMR) Receives $33.42 Average Price Target from Brokerages

Shares of NuScale Power Corporation (NYSE:SMR) have earned an average rating of “Hold” from the fifteen ratings firms that are presently covering the stock, Marketbeat Ratings reports. Four analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating on the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $33.4231.

SMR has been the subject of several recent analyst reports. Citigroup restated a “sell” rating and set a $37.50 target price (down from $46.00) on shares of NuScale Power in a research report on Tuesday, October 21st. Wall Street Zen lowered NuScale Power from a “hold” rating to a “sell” rating in a report on Saturday, November 8th. Zacks Research cut shares of NuScale Power from a “hold” rating to a “strong sell” rating in a research report on Tuesday, January 20th. Cantor Fitzgerald assumed coverage on shares of NuScale Power in a research report on Tuesday, October 21st. They set an “overweight” rating and a $55.00 target price for the company. Finally, UBS Group set a $20.00 price target on shares of NuScale Power in a report on Tuesday, November 25th.

Insider Buying and Selling

In other NuScale Power news, CFO Robert Ramsey Hamady sold 40,000 shares of the firm’s stock in a transaction dated Monday, December 8th. The stock was sold at an average price of $22.17, for a total transaction of $886,800.00. Following the sale, the chief financial officer 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 transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.20% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On NuScale Power

Institutional investors have recently modified their holdings of the company. Strategic Advocates LLC purchased a new position in shares of NuScale Power during the third quarter worth approximately $25,000. Nemes Rush Group LLC bought a new position in shares of NuScale Power during the 3rd quarter valued at $25,000. CX Institutional bought a new position in shares of NuScale Power during the 3rd quarter valued at $25,000. Indiana Trust & Investment Management Co purchased a new position in NuScale Power in the 3rd quarter worth $34,000. Finally, Accredited Wealth Management LLC bought a new stake in NuScale Power in the third quarter worth $35,000. 78.37% of the stock is currently owned by institutional investors.

NuScale Power Trading Up 4.3%

NuScale Power stock opened at $19.20 on Friday. NuScale Power has a 1-year low of $11.08 and a 1-year high of $57.42. The firm has a market capitalization of $5.73 billion, a PE ratio of -6.71 and a beta of 2.12. The firm’s 50 day simple moving average is $18.52 and its 200 day simple moving average is $31.85.

NuScale Power (NYSE:SMR) last announced its quarterly earnings results on Thursday, November 6th. The company reported ($1.85) EPS for the quarter, missing the consensus estimate of ($0.11) by ($1.74). NuScale Power had a negative net margin of 594.63% and a negative return on equity of 51.27%. The firm had revenue of $8.24 million during the quarter, compared to the consensus estimate of $11.29 million. During the same period in the previous year, the business earned ($0.18) earnings per share. The firm’s revenue for the quarter was up 1635.2% on a year-over-year basis. Research analysts forecast that NuScale Power will post -0.73 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.