Shares of NuScale Power Co. (NYSE:SMR – Get Free Report) traded up 10.1% on Tuesday after CLSA raised their price target on the stock from $31.00 to $41.00. CLSA currently has an outperform rating on the stock. NuScale Power traded as high as $33.49 and last traded at $33.30. 13,771,491 shares were traded during trading, an increase of 55% from the average session volume of 8,882,044 shares. The stock had previously closed at $30.24.
A number of other brokerages have also issued reports on SMR. UBS Group decreased their target price on NuScale Power from $25.00 to $17.00 and set a “neutral” rating on the stock in a research report on Friday, March 7th. BTIG Research reaffirmed a “buy” rating on shares of NuScale Power in a research note on Tuesday, May 13th. Finally, The Goldman Sachs Group set a $24.00 price objective on shares of NuScale Power and gave the company a “neutral” rating in a report on Tuesday, May 20th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $22.83.
View Our Latest Research Report on NuScale Power
Insider Buying and Selling at NuScale Power
Institutional Inflows and Outflows
A number of large investors have recently modified their holdings of the business. Victory Capital Management Inc. grew its holdings in shares of NuScale Power by 6.6% during the fourth quarter. Victory Capital Management Inc. now owns 10,669 shares of the company’s stock worth $191,000 after purchasing an additional 656 shares during the last quarter. Deutsche Bank AG raised its stake in shares of NuScale Power by 0.9% during the 1st quarter. Deutsche Bank AG now owns 76,082 shares of the company’s stock worth $1,077,000 after purchasing an additional 686 shares in the last quarter. Farther Finance Advisors LLC increased its holdings in shares of NuScale Power by 6.9% during the 1st quarter. Farther Finance Advisors LLC now owns 12,902 shares of the company’s stock worth $189,000 after acquiring an additional 833 shares during the last quarter. Amalgamated Bank increased its holdings in shares of NuScale Power by 51.8% during the 4th quarter. Amalgamated Bank now owns 2,889 shares of the company’s stock worth $52,000 after acquiring an additional 986 shares during the last quarter. Finally, Summit Investment Advisors Inc. grew its holdings in NuScale Power by 16.6% in the 4th quarter. Summit Investment Advisors Inc. now owns 8,863 shares of the company’s stock valued at $159,000 after buying an additional 1,260 shares in the last quarter. 78.37% of the stock is currently owned by institutional investors and hedge funds.
NuScale Power Trading Up 17.9%
The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.24 and a current ratio of 2.24. The company has a market capitalization of $10.14 billion, a price-to-earnings ratio of -37.53 and a beta of 1.62. The firm has a fifty day moving average price of $18.10 and a 200-day moving average price of $20.55.
NuScale Power (NYSE:SMR – Get Free Report) last issued its quarterly earnings results on Monday, May 12th. The company reported ($0.11) EPS for the quarter, topping analysts’ consensus estimates of ($0.17) by $0.06. NuScale Power had a negative return on equity of 72.85% and a negative net margin of 1,089.32%. The business had revenue of $13.38 million for the quarter, compared to analyst estimates of $1.46 million. As a group, equities analysts anticipate that NuScale Power Co. will post -0.73 EPS for the current year.
NuScale Power Company Profile
NuScale Power Corporation engages in the development and sale of modular light water reactor nuclear power plants to supply energy for electrical generation, district heating, desalination, hydrogen production, and other process heat applications. It offers NuScale Power Module (NPM), a water reactor that can generate 77 megawatts of electricity (MWe); and VOYGR power plant designs for three facility sizes that are capable of housing from one to four and six or twelve NPMs.
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