Analysts Set NuScale Power Corporation (NYSE:SMR) Price Target at $36.12

Shares of NuScale Power Corporation (NYSE:SMR) have been given an average rating of “Reduce” by the sixteen research firms that are currently covering the stock, MarketBeat.com reports. Six equities research analysts have rated the stock with a sell recommendation, seven have issued a hold recommendation and three have given a buy recommendation to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $36.1154.

SMR has been the subject of several recent research reports. UBS Group set a $20.00 price objective on NuScale Power in a research report on Tuesday, November 25th. BNP Paribas cut shares of NuScale Power from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 21st. Bank of America restated an “underperform” rating and issued a $34.00 price objective (down previously from $38.00) on shares of NuScale Power in a report on Tuesday, September 30th. BNP Paribas Exane cut NuScale Power from a “neutral” rating to an “underperform” rating in a research report on Tuesday, October 21st. Finally, Zacks Research downgraded NuScale Power from a “hold” rating to a “strong sell” rating in a research note on Wednesday, November 12th.

Insiders Place Their Bets

In related news, Director Corp Fluor sold 87,900 shares of the stock in a transaction dated Wednesday, October 8th. The shares were sold at an average price of $39.58, for a total transaction of $3,479,082.00. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Robert Ramsey Hamady sold 40,000 shares of the company’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 owned 46,283 shares in the company, valued at approximately $1,026,094.11. This represents a 46.36% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 15,040,000 shares of company stock worth $605,749,702. Insiders own 1.20% of the company’s stock.

Institutional Investors Weigh In On NuScale Power

Institutional investors and hedge funds have recently made changes to their positions in the company. CX Institutional bought a new position in NuScale Power in the 3rd quarter valued at approximately $25,000. Nemes Rush Group LLC purchased a new position in shares of NuScale Power in the third quarter worth $25,000. Strategic Advocates LLC purchased a new position in shares of NuScale Power in the third quarter worth $25,000. Quantbot Technologies LP bought a new position in shares of NuScale Power during the first quarter valued at $27,000. Finally, Thurston Springer Miller Herd & Titak Inc. boosted its position in shares of NuScale Power by 84.5% during the second 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 during the last quarter. Institutional investors own 78.37% of the company’s stock.

NuScale Power Price Performance

Shares of SMR opened at $20.42 on Friday. The company has a 50-day simple moving average of $31.66 and a two-hundred day simple moving average of $36.30. The firm has a market capitalization of $6.09 billion, a PE ratio of -7.14 and a beta of 2.09. NuScale Power has a one year low of $11.08 and a one year high of $57.42.

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