NuScale Power Corporation (NYSE:SMR) Receives Average Rating of “Hold” from Brokerages

NuScale Power Corporation (NYSE:SMR) has been assigned an average recommendation of “Hold” from the sixteen ratings firms that are covering the company, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, four have issued a buy rating and one has issued a strong buy rating on the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $15.9167.

A number of equities analysts have issued reports on the company. Royal Bank Of Canada cut their price target 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. Weiss Ratings reiterated a “sell (d-)” rating on shares of NuScale Power in a research note on Wednesday. UBS Group cut their price target 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. The Goldman Sachs Group set a $9.00 price target on NuScale Power in a research note on Friday, May 8th. Finally, Northland Securities set a $19.00 price target on NuScale Power in a research note on Monday, May 11th.

Insider Buying and Selling at NuScale Power

In other news, Director Corp Fluor sold 13,500,000 shares of the business’s stock in a transaction that occurred on Thursday, April 9th. The stock was sold at an average price of $12.07, for a total value of $162,945,000.00. Following the transaction, the director owned 26,436,472 shares in the company, valued at $319,088,217.04. The trade was a 33.80% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In the last quarter, insiders sold 39,936,472 shares of company stock valued at $472,831,169. 1.28% of the stock is owned by insiders.

Hedge Funds Weigh In On NuScale Power

Hedge funds and other institutional investors have recently modified their holdings of the business. Nemes Rush Group LLC purchased a new position in shares of NuScale Power in the 3rd quarter worth approximately $25,000. Strategic Advocates LLC purchased a new position in shares of NuScale Power in the 3rd quarter worth approximately $25,000. Vermillion & White Wealth Management Group LLC boosted its stake in shares of NuScale Power by 1,550.9% in the 4th quarter. Vermillion & White Wealth Management Group LLC now owns 1,783 shares of the company’s stock worth $25,000 after buying an additional 1,675 shares during the last quarter. Assetmark Inc. boosted its stake in shares of NuScale Power by 1,940.3% in the 1st quarter. Assetmark Inc. now owns 2,428 shares of the company’s stock worth $26,000 after buying an additional 2,309 shares during the last quarter. Finally, Ameriflex Group Inc. purchased a new position in shares of NuScale Power in the 4th quarter worth approximately $30,000. Hedge funds and other institutional investors own 78.37% of the company’s stock.

NuScale Power Price Performance

Shares of SMR opened at $10.08 on Wednesday. The company has a market cap of $3.68 billion, a PE ratio of -3.45 and a beta of 2.20. NuScale Power has a one year low of $8.85 and a one year high of $57.42. The stock has a 50-day moving average of $11.56 and a 200-day moving average of $13.73.

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

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.