NuScale Power (NYSE:SMR) Upgraded to Strong-Buy at Texas Capital

Texas Capital upgraded shares of NuScale Power (NYSE:SMR) to a strong-buy rating in a report issued on Tuesday,Zacks.com reports.

Several other analysts also recently issued reports on SMR. Barclays initiated coverage on NuScale Power in a research note on Monday, September 29th. They set an “equal weight” rating and a $45.00 price target for the company. B. Riley dropped their price target on shares of NuScale Power from $38.00 to $24.00 and set a “buy” rating on the stock in a research report on Monday, December 22nd. Cantor Fitzgerald initiated coverage on shares of NuScale Power in a research note on Tuesday, October 21st. They issued an “overweight” rating and a $55.00 target price on the stock. The Goldman Sachs Group cut their target price on shares of NuScale Power from $27.00 to $23.00 and set a “neutral” rating for the company in a research report on Friday, December 12th. Finally, Wall Street Zen downgraded NuScale Power from a “hold” rating to a “sell” rating in a research report on Saturday, November 8th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, seven have assigned a Hold rating and four have given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $33.42.

NuScale Power Stock Up 6.7%

NYSE SMR opened at $20.49 on Tuesday. The stock has a market capitalization of $6.12 billion, a PE ratio of -7.17 and a beta of 2.12. NuScale Power has a 12-month low of $11.08 and a 12-month high of $57.42. The company has a 50 day moving average price of $18.51 and a two-hundred day moving average price of $31.78.

NuScale Power (NYSE:SMR) last released its quarterly earnings data 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). The business had revenue of $8.24 million during the quarter, compared to analyst estimates of $11.29 million. NuScale Power had a negative net margin of 594.63% and a negative return on equity of 51.27%. The firm’s revenue for the quarter was up 1635.2% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.18) EPS. As a group, equities analysts anticipate that NuScale Power will post -0.73 EPS for the current year.

Insider Activity

In other NuScale Power news, CFO Robert Ramsey Hamady sold 40,000 shares of NuScale Power stock in a transaction on Monday, December 8th. The shares were sold at an average price of $22.17, for a total transaction of $886,800.00. Following the sale, the chief financial officer owned 46,283 shares in the company, valued at $1,026,094.11. The trade was a 46.36% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.20% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Harbour Investments Inc. lifted its holdings in shares of NuScale Power by 21.3% during the second quarter. Harbour Investments Inc. now owns 1,156 shares of the company’s stock valued at $46,000 after acquiring an additional 203 shares during the period. D.A. Davidson & CO. increased its position in NuScale Power by 1.0% in the second quarter. D.A. Davidson & CO. now owns 20,822 shares of the company’s stock worth $824,000 after purchasing an additional 212 shares during the period. Pasadena Private Wealth LLC lifted its position in NuScale Power by 4.9% during the 3rd quarter. Pasadena Private Wealth LLC now owns 6,147 shares of the company’s stock valued at $221,000 after purchasing an additional 287 shares during the period. Family Capital Management Inc. boosted its stake in shares of NuScale Power by 3.5% in the 3rd quarter. Family Capital Management Inc. now owns 8,682 shares of the company’s stock valued at $313,000 after purchasing an additional 291 shares during the last quarter. Finally, Cibc World Market Inc. grew its position in shares of NuScale Power by 3.8% during the 3rd quarter. Cibc World Market Inc. now owns 9,000 shares of the company’s stock worth $324,000 after buying an additional 329 shares during the period. Institutional investors own 78.37% of the company’s stock.

NuScale Power Company Profile

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.