NuScale Power Corporation (NYSE:SMR) Stock Has Consensus Price Target of $12.96

NuScale Power Corporation (NYSE:SMR) has received a consensus recommendation of “Hold” from the seventeen ratings firms that are presently covering the firm, Marketbeat.com reports. Four research analysts have rated the stock with a sell rating, eight have assigned a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $12.96.

SMR has been the subject of a number of analyst reports. UBS Group cut shares of NuScale Power from a “neutral” rating to a “sell” rating and cut their price target for the stock from $10.00 to $6.00 in a research note on Friday, September 11th. B. Riley Financial reduced their target price on shares of NuScale Power from $19.00 to $15.00 and set a “buy” rating on the stock in a research note on Friday, August 14th. Truist Financial began coverage on shares of NuScale Power in a report on Monday, July 13th. They issued a “hold” rating and a $10.00 target price on the stock. Northland Securities set a $16.00 target price on shares of NuScale Power in a research report on Thursday, August 6th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of NuScale Power in a research report on Monday, September 21st.

Trending Headlines about NuScale Power

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

• Positive Sentiment: NuScale’s proposed $750 million share-sale program would provide additional funding for development and operations. The company ended the second quarter with nearly $1.1 billion in cash, giving it resources to pursue its small modular reactor projects, although its cash balance is being consumed rapidly. NuScale Power share program article
• Neutral Sentiment: Analysts collectively rate NuScale “Hold,” indicating limited conviction that the stock’s current valuation offers a clear upside catalyst. NuScale consensus rating article
• Neutral Sentiment: GE Vernova received the first U.S. construction permit for its BWRX-300 SMR. Although this does not directly change NuScale’s operations, it highlights increasing competition and gives a rival a potential execution advantage in the U.S. nuclear market. GE Vernova construction permit article
• Negative Sentiment: The new equity program could dilute existing shareholders. That concern is especially significant because NuScale generated almost no quarterly revenue, reported a substantial operating loss and expects another annual loss. NuScale cash and dilution concerns article
• Negative Sentiment: An analyst downgrade cited rising risks and uncertain profitability, reinforcing concerns that NuScale’s commercialization timeline may require additional capital. NuScale analyst downgrade article
• Negative Sentiment: Pomerantz LLP is investigating potential claims on behalf of NuScale investors, adding legal and reputational risk, though the investigation does not establish wrongdoing. Pomerantz NuScale investor investigation

Insider Buying and Selling at NuScale Power

In other NuScale Power news, CFO Robert Hamady sold 29,880 shares of the company’s stock in a transaction dated Thursday, August 27th. The shares were sold at an average price of $9.39, for a total transaction of $280,573.20. Following the sale, the chief financial officer directly owned 124,235 shares of the company’s stock, valued at approximately $1,166,566.65. This represents a 19.39% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Shinji Fujino sold 20,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $8.86, for a total transaction of $177,200.00. Following the sale, the director directly owned 17,242 shares of the company’s stock, valued at approximately $152,764.12. The trade was a 53.70% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 68,651 shares of company stock worth $633,470 over the last ninety days. Corporate insiders own 1.28% of the company’s stock.

Institutional Investors Weigh In On NuScale Power

A number of large investors have recently bought and sold shares of SMR. Sequoia Financial Advisors LLC acquired a new stake in NuScale Power during the 2nd quarter valued at $126,000. WINTON GROUP Ltd acquired a new position in NuScale Power in the second quarter worth $392,000. Integrated Wealth Concepts LLC boosted its stake in NuScale Power by 153.6% in the second quarter. Integrated Wealth Concepts LLC now owns 65,623 shares of the company’s stock worth $658,000 after purchasing an additional 39,751 shares in the last quarter. RFG Advisory LLC grew its holdings in shares of NuScale Power by 33.1% during the second quarter. RFG Advisory LLC now owns 60,622 shares of the company’s stock worth $608,000 after purchasing an additional 15,092 shares during the last quarter. Finally, NewEdge Advisors LLC grew its holdings in shares of NuScale Power by 203.3% during the second quarter. NewEdge Advisors LLC now owns 146,870 shares of the company’s stock worth $1,473,000 after purchasing an additional 98,440 shares during the last quarter. 78.37% of the stock is currently owned by institutional investors.

NuScale Power Stock Down 0.3%

NuScale Power stock opened at $7.73 on Friday. The business has a 50 day moving average price of $9.05 and a two-hundred day moving average price of $10.17. NuScale Power has a 12 month low of $7.21 and a 12 month high of $57.42. The stock has a market cap of $3.32 billion, a price-to-earnings ratio of -2.65 and a beta of 2.36.

NuScale Power (NYSE:SMR) last released its quarterly earnings data on Wednesday, August 5th. The company reported ($0.13) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.13). NuScale Power had a negative return on equity of 35.59% and a negative net margin of 3,888.70%.The business had revenue of $0.07 million for the quarter, compared to analysts’ expectations of $8.80 million. During the same period in the previous year, the business posted ($0.11) earnings per share. NuScale Power’s quarterly revenue was down 99.1% on a year-over-year basis. On average, analysts expect that NuScale Power will post -0.64 earnings per share for the current fiscal year.

About NuScale Power

NuScale Power Corporation develops small modular reactor (SMR) technology for the generation of carbon-free electricity and process heat. Its primary product is the VOYGR SMR power plant, which is based on the company’s proprietary pressurized light-water reactor design. The plants are intended to be built from factory-produced modules and can be configured for applications including utility-scale power generation, industrial heat, hydrogen production, and water desalination.

NuScale provides reactor technology, engineering and design support, licensing assistance, and services intended to help customers develop and deploy SMR facilities.