NuScale Power Corporation (NYSE:SMR) Receives Average Recommendation of “Hold” from Analysts

NuScale Power Corporation (NYSE:SMR) has been given an average rating of “Hold” by the seventeen brokerages that are presently covering the stock, MarketBeat.com reports. Three analysts have rated the stock with a sell recommendation, nine have given a hold recommendation, four have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $15.9167.

A number of analysts have recently issued reports on the stock. HSBC assumed coverage on shares of NuScale Power in a research note on Thursday, April 23rd. They set a “hold” rating and a $13.00 target price for the company. Cantor Fitzgerald lowered their target price on shares of NuScale Power from $55.00 to $20.00 and set an “overweight” rating for the company in a research note on Tuesday, February 24th. Bank of America assumed coverage on shares of NuScale Power in a research note on Friday, May 22nd. They set a “neutral” rating and a $12.00 target price for the company. Weiss Ratings reissued a “sell (d-)” rating on shares of NuScale Power in a research note on Friday, March 27th. Finally, UBS Group lowered their target price on shares of NuScale Power from $20.00 to $13.00 and set a “neutral” rating for the company in a research note on Wednesday, March 18th.

NuScale Power Trading Down 3.5%

NYSE:SMR opened at $10.85 on Wednesday. The company has a market cap of $3.97 billion, a price-to-earnings ratio of -3.72 and a beta of 2.20. NuScale Power has a twelve month low of $8.85 and a twelve month high of $57.42. The stock has a fifty day simple moving average of $11.59 and a 200-day simple moving average of $13.98.

NuScale Power (NYSE:SMR) last issued its 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 analysts’ expectations of $7.00 million. NuScale Power had a negative net margin of 2,066.55% and a negative return on equity of 48.88%. NuScale Power’s quarterly revenue was down 95.8% compared to the same quarter last year. As a group, equities research analysts predict that NuScale Power will post -0.46 EPS for the current fiscal year.

Insider Buying and Selling at NuScale Power

In related news, Director Corp Fluor sold 13,500,000 shares of NuScale Power stock in a transaction dated Tuesday, April 21st. The stock was sold at an average price of $11.81, for a total value of $159,435,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders sold 39,936,472 shares of company stock valued at $472,831,169 in the last ninety days. Insiders own 1.28% of the company’s stock.

Institutional Trading of NuScale Power

Institutional investors and hedge funds have recently made changes to their positions in the company. Strategic Advocates LLC bought a new stake in shares of NuScale Power in the third quarter valued at about $25,000. Nemes Rush Group LLC bought a new stake in shares of NuScale Power in the third quarter valued at about $25,000. Accredited Wealth Management LLC bought a new stake in shares of NuScale Power in the third quarter valued at about $35,000. Triumph Capital Management bought a new stake in shares of NuScale Power in the third quarter valued at about $37,000. Finally, MAI Capital Management raised its holdings in shares of NuScale Power by 37.0% in the third quarter. MAI Capital Management now owns 1,654 shares of the company’s stock valued at $60,000 after acquiring an additional 447 shares in the last quarter. 78.37% of the stock is currently owned by institutional investors.

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.