NuScale Power Corporation (NYSE:SMR) Given Consensus Recommendation of “Reduce” by Brokerages

Shares of NuScale Power Corporation (NYSE:SMR) have been given an average recommendation of “Reduce” by the seventeen analysts that are covering the company, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $35.1786.

A number of research analysts have weighed in on the stock. UBS Group set a $20.00 target price on shares of NuScale Power in a research note on Tuesday, November 25th. Wall Street Zen downgraded NuScale Power from a “hold” rating to a “sell” rating in a research note on Saturday, November 8th. Weiss Ratings reissued a “sell (d-)” rating on shares of NuScale Power in a report on Monday. Bank of America restated an “underperform” rating and issued a $34.00 target price (down from $38.00) on shares of NuScale Power in a research note on Tuesday, September 30th. Finally, Citigroup reaffirmed a “sell” rating and set a $37.50 price target (down previously from $46.00) on shares of NuScale Power in a research report on Tuesday, October 21st.

NuScale Power Price Performance

Shares of NuScale Power stock opened at $14.31 on Wednesday. The firm has a market cap of $4.27 billion, a PE ratio of -5.00 and a beta of 2.09. NuScale Power has a 1 year low of $11.08 and a 1 year high of $57.42. The stock has a fifty day moving average price of $24.33 and a 200-day moving average price of $34.53.

NuScale Power (NYSE:SMR) last posted its quarterly earnings results on Thursday, November 6th. The company reported ($1.85) earnings per share for the quarter, missing the consensus estimate of ($0.11) by ($1.74). NuScale Power had a negative net margin of 594.63% and a negative return on equity of 51.27%. The company had revenue of $8.24 million for the quarter, compared to the consensus estimate of $11.29 million. During the same quarter in the previous year, the company posted ($0.18) EPS. NuScale Power’s quarterly revenue was up 1635.2% compared to the same quarter last year. As a group, equities analysts anticipate that NuScale Power will post -0.73 EPS for the current fiscal year.

Insider Activity

In other news, Director Corp Fluor sold 87,900 shares of the business’s stock in a transaction that occurred on Wednesday, October 8th. The shares were sold at an average price of $39.58, for a total value of $3,479,082.00. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Robert Ramsey Hamady sold 40,000 shares of the firm’s stock in a transaction that occurred on Monday, December 8th. The stock was sold at an average price of $22.17, for a total transaction of $886,800.00. Following the completion of the transaction, the chief financial officer directly owned 46,283 shares of the company’s stock, valued at approximately $1,026,094.11. This trade represents a 46.36% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 3,464,278 shares of company stock worth $139,048,499. Insiders own 1.20% of the company’s stock.

Institutional Investors Weigh In On NuScale Power

Hedge funds and other institutional investors have recently bought and sold shares of the business. Strategic Advocates LLC purchased a new position in shares of NuScale Power in the third quarter valued at $25,000. CX Institutional bought a new position in NuScale Power in the 3rd quarter worth about $25,000. Nemes Rush Group LLC purchased a new position in NuScale Power during the 3rd quarter valued at about $25,000. Thurston Springer Miller Herd & Titak Inc. grew its holdings in NuScale Power by 84.5% during the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 784 shares of the company’s stock valued at $31,000 after buying an additional 359 shares in the last quarter. Finally, Indiana Trust & Investment Management Co bought a new stake in shares of NuScale Power during the third quarter valued at about $34,000. Institutional investors own 78.37% of the company’s stock.

About NuScale Power

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.