NuScale Power Corporation (NYSE:SMR) Given Average Rating of “Hold” by Analysts

Shares of NuScale Power Corporation (NYSE:SMR) have earned a consensus rating of “Hold” from the seventeen research firms that are currently covering the firm, Marketbeat Ratings reports. Three analysts have rated the stock with a sell recommendation, nine have given a hold recommendation, four have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $15.9167.

Several brokerages have commented on SMR. Zacks Research upgraded NuScale Power from a “strong sell” rating to a “hold” rating in a research note on Friday, February 20th. Royal Bank Of Canada cut their target price on NuScale Power from $21.00 to $14.00 and set a “sector perform” rating for the company in a research note on Monday, March 2nd. Bank of America began coverage on NuScale Power in a research note on Friday, May 22nd. They issued a “neutral” rating and a $12.00 target price for the company. UBS Group cut their target price on NuScale Power from $20.00 to $13.00 and set a “neutral” rating for the company in a research note on Wednesday, March 18th. Finally, B. Riley Financial dropped their price target on NuScale Power from $24.00 to $19.00 and set a “buy” rating for the company in a research report on Friday, April 24th.

NuScale Power Stock Down 11.7%

Shares of NYSE SMR opened at $12.31 on Friday. NuScale Power has a 52 week low of $8.85 and a 52 week high of $57.42. The business has a 50-day simple moving average of $11.49 and a two-hundred day simple moving average of $14.89. The company has a market cap of $4.50 billion, a P/E ratio of -4.22 and a beta of 2.20.

NuScale Power (NYSE:SMR) last issued its earnings results on Thursday, May 7th. The company reported ($0.14) EPS for the quarter, missing the consensus estimate of ($0.11) by ($0.03). NuScale Power had a negative return on equity of 48.88% and a negative net margin of 2,066.55%.The company had revenue of $0.57 million during the quarter, compared to the consensus estimate of $7.00 million. The business’s quarterly revenue was down 95.8% on a year-over-year basis. Equities research analysts anticipate that NuScale Power will post -0.46 EPS for the current year.

Insider Activity

In other news, Director Corp Fluor sold 13,500,000 shares of NuScale Power stock in a transaction dated Tuesday, April 21st. The stock was sold at an average price of $11.81, for a total transaction of $159,435,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In the last ninety days, insiders sold 39,936,472 shares of company stock worth $472,831,169. Company insiders own 1.28% of the company’s stock.

Institutional Trading of NuScale Power

A number of large investors have recently modified their holdings of SMR. Nemes Rush Group LLC bought a new stake in shares of NuScale Power during the 3rd quarter valued at about $25,000. Strategic Advocates LLC bought a new stake in shares of NuScale Power during the 3rd quarter valued at about $25,000. Vermillion & White Wealth Management Group LLC boosted its position in shares of NuScale Power by 1,550.9% during the 4th quarter. Vermillion & White Wealth Management Group LLC now owns 1,783 shares of the company’s stock valued at $25,000 after acquiring an additional 1,675 shares during the last quarter. Assetmark Inc. boosted its position in shares of NuScale Power by 1,940.3% during the 1st quarter. Assetmark Inc. now owns 2,428 shares of the company’s stock valued at $26,000 after acquiring an additional 2,309 shares during the last quarter. Finally, Ameriflex Group Inc. bought a new stake in shares of NuScale Power during the 4th quarter valued at about $30,000. 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.