NuScale Power Corporation (NYSE:SMR) Receives $15.46 Average PT from Analysts

NuScale Power Corporation (NYSE:SMR) has been given a consensus rating of “Hold” by the seventeen research firms that are covering the firm, Marketbeat Ratings reports. Three research analysts have rated the stock with a sell recommendation, nine have given a hold recommendation, four have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $15.1538.

A number of brokerages have commented on SMR. The Goldman Sachs Group set a $9.00 target price on shares of NuScale Power in a report on Friday, May 8th. HSBC began coverage on shares of NuScale Power in a research note on Thursday, April 23rd. They set a “hold” rating and a $13.00 price target on the stock. Bank of America began coverage on shares of NuScale Power in a research report on Friday, May 22nd. They set a “neutral” rating and a $12.00 price objective for the company. Citigroup restated a “sell” rating on shares of NuScale Power in a research note on Wednesday. Finally, B. Riley Financial decreased their target price on NuScale Power from $24.00 to $19.00 and set a “buy” rating on the stock in a report on Friday, April 24th.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of NuScale Power by 35.0% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 822,779 shares of the company’s stock worth $11,659,000 after purchasing an additional 213,329 shares in the last quarter. Swedbank AB raised its position in shares of NuScale Power by 36.3% during the 1st quarter. Swedbank AB now owns 1,502,300 shares of the company’s stock valued at $16,285,000 after purchasing an additional 400,240 shares during the period. Caz Investments LP lifted its stake in shares of NuScale Power by 10,000.0% during the 4th quarter. Caz Investments LP now owns 101,000 shares of the company’s stock valued at $1,431,000 after buying an additional 100,000 shares in the last quarter. Seven Grand Managers LLC purchased a new position in shares of NuScale Power during the 4th quarter valued at $1,771,000. Finally, RPG Investment Advisory LLC bought a new position in NuScale Power in the 4th quarter worth $10,925,000. Institutional investors own 78.37% of the company’s stock.

Trending Headlines about NuScale Power

Here are the key news stories impacting NuScale Power this week:

• Positive Sentiment: Investor interest in nuclear power for AI data centers is supporting sentiment toward small modular reactor stocks, and NuScale remains one of the most visible beneficiaries of that theme. SMR Stock Powers Ahead After Best Day In Over A Month: What’s Behind The Surge?
• Positive Sentiment: Some analysts and commentators continue to frame NuScale Power as a long-term contrarian buy because the market is already pricing in a lot of pessimism after the stock’s steep decline. NuScale Power (SMR): The Case for a Long-Term Buy Right Now

NuScale Power Stock Up 1.9%

NuScale Power stock opened at $8.85 on Friday. The business has a 50-day simple moving average of $10.27 and a two-hundred day simple moving average of $12.71. The company has a market cap of $3.23 billion, a P/E ratio of -3.03 and a beta of 2.24. NuScale Power has a 52-week low of $7.21 and a 52-week high of $57.42.

NuScale Power (NYSE:SMR) last issued its quarterly earnings data on Thursday, May 7th. The company reported ($0.14) earnings per share for the quarter, missing the consensus estimate of ($0.11) by ($0.03). The business had revenue of $0.56 million during the quarter, compared to the consensus estimate of $7.00 million. NuScale Power had a negative return on equity of 48.88% and a negative net margin of 2,066.55%.The company’s revenue was down 95.8% on a year-over-year basis. Research analysts anticipate that NuScale Power will post -0.46 EPS for the current fiscal year.

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.