NuScale Power (NYSE:SMR) Shares Up 4.3% – Should You Buy?

Shares of NuScale Power Corporation (NYSE:SMR) shot up 4.3% during trading on Tuesday . The stock traded as high as $19.32 and last traded at $19.20. 24,833,895 shares changed hands during trading, a decline of 26% from the average session volume of 33,434,137 shares. The stock had previously closed at $18.40.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. Zacks Research lowered shares of NuScale Power from a “hold” rating to a “strong sell” rating in a research note on Tuesday, January 20th. Cantor Fitzgerald assumed coverage on shares of NuScale Power in a report on Tuesday, October 21st. They set an “overweight” rating and a $55.00 price objective on the stock. Weiss Ratings restated a “sell (d-)” rating on shares of NuScale Power in a research note on Monday, December 29th. Wall Street Zen lowered NuScale Power from a “hold” rating to a “sell” rating in a research report on Saturday, November 8th. Finally, Bank of America upgraded NuScale Power from an “underperform” rating to a “neutral” rating and set a $28.00 price target on the stock in a report on Friday, January 9th. Four equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and four have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $33.42.

NuScale Power Stock Performance

The company has a market cap of $5.73 billion, a price-to-earnings ratio of -6.71 and a beta of 2.12. The stock’s fifty day moving average is $18.57 and its two-hundred day moving average is $31.98.

NuScale Power (NYSE:SMR) last issued its quarterly earnings data on Thursday, November 6th. The company reported ($1.85) EPS for the quarter, missing analysts’ consensus estimates of ($0.11) by ($1.74). The company had revenue of $8.24 million for the quarter, compared to the consensus estimate of $11.29 million. NuScale Power had a negative return on equity of 51.27% and a negative net margin of 594.63%.The business’s revenue for the quarter was up 1635.2% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.18) earnings per share. On average, equities research analysts expect that NuScale Power Corporation will post -0.73 EPS for the current year.

Insider Buying and Selling

In related news, CFO Robert Ramsey Hamady sold 40,000 shares of the stock in a transaction on Monday, December 8th. The stock was sold at an average price of $22.17, for a total value of $886,800.00. Following the completion of the sale, the chief financial officer directly owned 46,283 shares of the company’s stock, valued at approximately $1,026,094.11. This represents a 46.36% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 1.20% of the company’s stock.

Institutional Trading of NuScale Power

Several institutional investors have recently made changes to their positions in the company. Clear Street Group Inc. bought a new position in shares of NuScale Power during the third quarter valued at about $155,616,000. Samsung C&T Corp increased its stake in NuScale Power by 98.9% in the 3rd quarter. Samsung C&T Corp now owns 5,185,804 shares of the company’s stock valued at $186,689,000 after buying an additional 2,578,702 shares during the last quarter. Van ECK Associates Corp lifted its position in shares of NuScale Power by 67.2% during the 3rd quarter. Van ECK Associates Corp now owns 5,287,814 shares of the company’s stock worth $190,362,000 after buying an additional 2,125,250 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of NuScale Power by 1,220.7% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,845,116 shares of the company’s stock worth $26,127,000 after buying an additional 1,705,411 shares during the last quarter. Finally, Alyeska Investment Group L.P. bought a new position in shares of NuScale Power in the third quarter valued at approximately $51,985,000. Institutional investors own 78.37% of the company’s stock.

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.