NuScale Power (NYSE:SMR) Trading 6.8% Higher – Should You Buy?

NuScale Power Corporation (NYSE:SMRGet Free Report)’s share price shot up 6.8% during mid-day trading on Tuesday . The stock traded as high as $13.49 and last traded at $13.4580. 23,569,600 shares were traded during trading, a decline of 19% from the average session volume of 29,202,037 shares. The stock had previously closed at $12.60.

Key NuScale Power News

Here are the key news stories impacting NuScale Power this week:

Analyst Ratings Changes

SMR has been the topic of a number of research reports. Weiss Ratings restated a “sell (d-)” rating on shares of NuScale Power in a research report on Monday, December 29th. Wall Street Zen cut shares of NuScale Power from a “hold” rating to a “sell” rating in a research note on Saturday, November 8th. Barclays cut their price target on NuScale Power from $45.00 to $15.00 and set an “equal weight” rating for the company in a research note on Monday. UBS Group set a $20.00 price target on NuScale Power in a report on Tuesday, November 25th. Finally, B. Riley Financial cut their price target on NuScale Power from $38.00 to $24.00 and set a “buy” rating for the company in a report on Monday, December 22nd. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, nine have assigned a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $28.19.

Get Our Latest Analysis on SMR

NuScale Power Trading Up 6.8%

The company has a market capitalization of $4.02 billion, a P/E ratio of -4.71 and a beta of 2.13. The stock’s 50-day moving average price is $17.03 and its 200-day moving average price is $27.69.

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 that occurred 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 in the company, valued at $1,026,094.11. This 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 owned by corporate insiders.

Institutional Investors Weigh In On NuScale Power

Several hedge funds have recently made changes to their positions in the company. Private Wealth Partners LLC boosted its stake in shares of NuScale Power by 39.4% during the 2nd quarter. Private Wealth Partners LLC now owns 23,000 shares of the company’s stock worth $910,000 after acquiring an additional 6,500 shares in the last quarter. Intech Investment Management LLC lifted its holdings in shares of NuScale Power by 72.3% during the 2nd quarter. Intech Investment Management LLC now owns 91,362 shares of the company’s stock worth $3,614,000 after acquiring an additional 38,347 shares during the period. Black Swift Group LLC bought a new stake in NuScale Power during the second quarter worth about $585,000. Allianz Asset Management GmbH bought a new position in shares of NuScale Power in the third quarter worth about $14,347,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH boosted its stake in shares of NuScale Power by 686.9% in the 3rd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 184,609 shares of the company’s stock valued at $6,646,000 after purchasing an additional 161,149 shares during the last quarter. Hedge funds and other institutional investors own 78.37% of the company’s stock.

NuScale Power Company Profile

(Get Free Report)

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.

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