NuScale Power (NYSE:SMR) Trading 3.3% Higher – Still a Buy?

NuScale Power Corporation (NYSE:SMR) shot up 3.3% on Thursday . The company traded as high as $9.19 and last traded at $9.0530. Approximately 20,790,035 shares traded hands during trading, a decline of 32% from the average session volume of 30,393,996 shares. The stock had previously closed at $8.76.

Analyst Ratings Changes

A number of brokerages have commented on SMR. Northland Securities set a $19.00 price objective on NuScale Power in a report on Monday, May 11th. Citigroup decreased their price target on shares of NuScale Power from $9.00 to $7.00 and set a “sell” rating on the stock in a research note on Monday, May 11th. The Goldman Sachs Group set a $9.00 price target on shares of NuScale Power in a research report on Friday, May 8th. HSBC initiated coverage on shares of NuScale Power in a report on Thursday, April 23rd. They issued a “hold” rating and a $13.00 price objective for the company. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of NuScale Power in a research report on Wednesday, June 24th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, eight have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $15.92.

NuScale Power Stock Performance

The company has a fifty day simple moving average of $11.12 and a two-hundred day simple moving average of $13.24. The stock has a market capitalization of $3.31 billion, a price-to-earnings ratio of -3.10 and a beta of 2.24.

NuScale Power (NYSE:SMR) last released its earnings results on Thursday, May 7th. The company reported ($0.14) earnings per share (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 company had revenue of $0.56 million for the quarter, compared to analyst estimates of $7.00 million. NuScale Power’s quarterly revenue was down 95.8% on a year-over-year basis. As a group, equities analysts anticipate that NuScale Power Corporation will post -0.46 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director Corp Fluor sold 13,500,000 shares of the company’s stock in a transaction dated Tuesday, April 21st. The shares were sold at an average price of $11.81, for a total transaction of $159,435,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 1.28% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On NuScale Power

Several hedge funds have recently bought and sold shares of SMR. Nemes Rush Group LLC bought a new stake in shares of NuScale Power during the 3rd quarter worth approximately $25,000. Strategic Advocates LLC acquired a new stake in shares of NuScale Power during the 3rd quarter worth approximately $25,000. Vermillion & White Wealth Management Group LLC boosted its position in shares of NuScale Power by 1,550.9% during the 4th quarter. Vermillion & White Wealth Management Group LLC now owns 1,783 shares of the company’s stock worth $25,000 after acquiring an additional 1,675 shares in the last quarter. Assetmark Inc. increased its stake in NuScale Power by 1,940.3% in the first quarter. Assetmark Inc. now owns 2,428 shares of the company’s stock valued at $26,000 after acquiring an additional 2,309 shares during the last quarter. Finally, Ameriflex Group Inc. bought a new position in NuScale Power in the fourth quarter valued at approximately $30,000. 78.37% of the stock is owned by institutional investors.

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.