NuScale Power (NYSE:SMR) Shares Up 1.1% – Still a Buy?

NuScale Power Corporation (NYSE:SMR) shot up 1.1% on Thursday . The stock traded as high as $12.33 and last traded at $12.0890. 27,991,890 shares changed hands during mid-day trading, a decline of 4% from the average session volume of 29,124,311 shares. The stock had previously closed at $11.96.

NuScale Power News Summary

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

• Positive Sentiment: NuScale continues to attract bullish attention from analysts and market commentators who see it as a leading small modular reactor play, with some pieces citing meaningful upside potential and positioning it as a key beneficiary of the nuclear power buildout. NuScale Power (SMR) Is Among The Best Nuclear Energy Stocks To Buy As SMRs Go Mainstream
• Positive Sentiment: South Korea reportedly discussed a potential investment and partnership tied to NuScale’s SMR program, which could add an international reference project and strengthen the company’s commercial pipeline. South Korea Talks Add New Test For NuScale Power SMR Story
• Positive Sentiment: Cantor Fitzgerald reiterated a buy rating on NuScale Power, suggesting some Wall Street firms remain supportive despite near-term volatility. Cantor Fitzgerald Remains a Buy on NuScale Power (SMR)

Analysts Set New Price Targets

Several brokerages recently weighed in on SMR. Royal Bank Of Canada dropped their price target on shares of NuScale Power from $21.00 to $14.00 and set a “sector perform” rating on the stock in a research report on Monday, March 2nd. Canaccord Genuity Group dropped their price target on shares of NuScale Power from $60.00 to $25.00 and set a “buy” rating on the stock in a research report on Friday, February 27th. Northland Securities set a $19.00 price target on shares of NuScale Power in a research report on Monday. Texas Capital raised shares of NuScale Power to a “strong-buy” rating in a research report on Tuesday, January 27th. Finally, HSBC began coverage on shares of NuScale Power in a research report on Thursday, April 23rd. They issued a “hold” rating and a $13.00 price target on the stock. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, nine have issued a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $19.08.

NuScale Power Trading Down 6.8%

The company’s 50-day simple moving average is $11.54 and its 200 day simple moving average is $17.15. The stock has a market cap of $4.11 billion, a P/E ratio of -3.85 and a beta of 2.24.

NuScale Power (NYSE:SMR) last posted its earnings results on Thursday, May 7th. The company reported ($0.14) EPS for the quarter, missing the consensus estimate of ($0.11) by ($0.03). NuScale Power had a negative return on equity of 48.88% and a negative net margin of 2,066.55%.The firm had revenue of $0.57 million for the quarter, compared to the consensus estimate of $7.00 million. NuScale Power’s quarterly revenue was down 95.8% on a year-over-year basis. Research analysts anticipate that NuScale Power Corporation will post -0.46 earnings per share for the current fiscal year.

Insider Activity

In other news, COO Carl M. Fisher sold 22,197 shares of the firm’s stock in a transaction that occurred on Tuesday, March 3rd. The shares were sold at an average price of $12.22, for a total transaction of $271,247.34. Following the completion of the sale, the chief operating officer owned 140,141 shares in the company, valued at $1,712,523.02. This trade represents a 13.67% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Corp Fluor sold 13,500,000 shares of the firm’s stock in a transaction that occurred on Thursday, April 9th. The stock was sold at an average price of $12.07, for a total transaction of $162,945,000.00. Following the sale, the director owned 26,436,472 shares of the company’s stock, valued at approximately $319,088,217.04. The trade was a 33.80% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 40,572,082 shares of company stock worth $481,029,608. Corporate insiders own 1.28% of the company’s stock.

Institutional Investors Weigh In On NuScale Power

Large investors have recently modified their holdings of the stock. Allianz Asset Management GmbH purchased a new stake in shares of NuScale Power during the 3rd quarter worth approximately $14,347,000. Universal Beteiligungs und Servicegesellschaft mbH increased its stake in shares of NuScale Power by 686.9% during the 3rd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 184,609 shares of the company’s stock worth $6,646,000 after purchasing an additional 161,149 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of NuScale Power by 103.4% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 609,450 shares of the company’s stock worth $21,940,000 after purchasing an additional 309,810 shares during the last quarter. Lisanti Capital Growth LLC purchased a new stake in shares of NuScale Power during the 3rd quarter worth approximately $2,350,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in NuScale Power by 22.6% in the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,310,961 shares of the company’s stock valued at $263,195,000 after buying an additional 1,346,796 shares in the last quarter. Hedge funds and other 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.