NuScale Power Corporation (NYSE:SMR) Given Consensus Recommendation of “Hold” by Analysts

NuScale Power Corporation (NYSE:SMR) has received a consensus recommendation of “Hold” from the seventeen analysts that are presently covering the company, Marketbeat reports. Four analysts have rated the stock with a sell rating, eight have assigned a hold rating, four have assigned a buy rating and one has issued a strong buy rating on the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $33.1923.

Several research firms have weighed in on SMR. The Goldman Sachs Group reissued a “neutral” rating and issued a $20.00 price target on shares of NuScale Power in a report on Wednesday, February 4th. Wall Street Zen downgraded shares of NuScale Power from a “hold” rating to a “sell” rating in a report on Saturday, November 8th. TD Cowen lowered NuScale Power from a “buy” rating to a “hold” rating in a report on Wednesday, February 11th. B. Riley Financial cut their target price on NuScale Power from $38.00 to $24.00 and set a “buy” rating for the company in a research note on Monday, December 22nd. Finally, Zacks Research cut NuScale Power from a “hold” rating to a “strong sell” rating in a report on Tuesday, January 20th.

NuScale Power Stock Down 0.5%

SMR opened at $14.19 on Thursday. NuScale Power has a 12-month low of $11.08 and a 12-month high of $57.42. The stock has a market cap of $4.24 billion, a price-to-earnings ratio of -4.96 and a beta of 2.14. The business has a 50 day moving average of $17.35 and a 200-day moving average of $28.46.

Insiders Place Their Bets

In other NuScale Power news, CFO Robert Ramsey Hamady sold 40,000 shares of the stock in a transaction dated Monday, December 8th. The stock was sold at an average price of $22.17, for a total value of $886,800.00. Following the completion of the transaction, the chief financial officer directly owned 46,283 shares in the company, valued at approximately $1,026,094.11. This trade represents a 46.36% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.20% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On NuScale Power

Several large investors have recently modified their holdings of SMR. CX Institutional acquired a new stake in shares of NuScale Power in the third quarter valued at about $25,000. Nemes Rush Group LLC acquired a new position in NuScale Power in the third quarter valued at approximately $25,000. Strategic Advocates LLC acquired a new position in NuScale Power in the third quarter valued at approximately $25,000. Vermillion & White Wealth Management Group LLC increased 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 valued at $25,000 after acquiring an additional 1,675 shares in the last quarter. Finally, Ameriflex Group Inc. bought a new stake in NuScale Power in the fourth quarter valued at $30,000. 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.