NuScale Power (NYSE:SMR) Trading Up 1.4% – Should You Buy?

NuScale Power Corporation (NYSE:SMR) shares shot up 1.4% on Monday . The stock traded as high as $12.18 and last traded at $11.9680. 18,433,686 shares were traded during trading, a decline of 31% from the average session volume of 26,905,738 shares. The stock had previously closed at $11.80.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on SMR shares. Bank of America raised NuScale Power from an “underperform” rating to a “neutral” rating and set a $28.00 price objective on the stock in a research report on Friday, January 9th. B. Riley Financial decreased their price target on NuScale Power from $38.00 to $24.00 and set a “buy” rating for the company in a research note on Monday, December 22nd. Canaccord Genuity Group lowered their price target on NuScale Power from $60.00 to $25.00 and set a “buy” rating on the stock in a report on Friday, February 27th. Texas Capital raised NuScale Power to a “strong-buy” rating in a research report on Tuesday, January 27th. Finally, The Goldman Sachs Group decreased their target price on NuScale Power from $20.00 to $14.00 and set a “neutral” rating for the company in a research report on Monday, March 2nd. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, eight have assigned a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $21.42.

NuScale Power Price Performance

The business has a 50-day moving average of $16.18 and a 200 day moving average of $25.39. The company has a market cap of $3.57 billion, a PE ratio of -4.14 and a beta of 2.20.

NuScale Power (NYSE:SMR) last announced its earnings results on Thursday, February 26th. The company reported ($0.80) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.10) by ($0.70). NuScale Power had a negative return on equity of 55.23% and a negative net margin of 1,130.26%.The firm had revenue of $1.81 million during the quarter, compared to analysts’ expectations of $8.76 million. On average, equities analysts predict that NuScale Power Corporation will post -0.73 EPS for the current fiscal year.

Insider Activity at NuScale Power

In other NuScale Power news, COO Carl M. Fisher sold 22,197 shares of the company’s stock in a transaction that occurred on Tuesday, March 3rd. The shares were sold at an average price of $12.22, for a total transaction of $271,247.34. Following the completion of the sale, the chief operating officer directly owned 140,141 shares of the company’s stock, valued at approximately $1,712,523.02. This represents a 13.67% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CTO Jose N. Reyes, Jr. sold 25,951 shares of the stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $12.22, for a total transaction of $317,121.22. Following the completion of the transaction, the chief technology officer owned 268,081 shares in the company, valued at $3,275,949.82. The trade was a 8.83% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 635,610 shares of company stock valued at $8,198,439 in the last three months. Corporate insiders own 1.20% of the company’s stock.

Hedge Funds Weigh In On NuScale Power

Several institutional investors and hedge funds have recently bought and sold shares of SMR. Vanguard Group Inc. increased its position in NuScale Power by 40.5% in the fourth quarter. Vanguard Group Inc. now owns 15,545,018 shares of the company’s stock worth $220,273,000 after buying an additional 4,482,254 shares in the last quarter. Van ECK Associates Corp grew its stake in shares of NuScale Power by 117.8% during the 4th quarter. Van ECK Associates Corp now owns 11,515,561 shares of the company’s stock valued at $163,176,000 after acquiring an additional 6,227,747 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in NuScale Power by 22.6% in the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,310,961 shares of the company’s stock worth $263,195,000 after acquiring an additional 1,346,796 shares in the last quarter. Morgan Stanley increased its holdings in NuScale Power by 81.0% in the 4th quarter. Morgan Stanley now owns 5,277,905 shares of the company’s stock worth $74,788,000 after acquiring an additional 2,361,532 shares in the last quarter. Finally, Samsung C&T Corp raised its stake in NuScale Power by 98.9% during the 3rd quarter. Samsung C&T Corp now owns 5,185,804 shares of the company’s stock worth $186,689,000 after acquiring an additional 2,578,702 shares during the period. 78.37% of the stock is currently owned by hedge funds and other 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.