NuScale Power Corporation (NYSE:SMR) Receives $13.81 Average Target Price from Analysts

Shares of NuScale Power Corporation (NYSE:SMR) have received an average recommendation of “Hold” from the seventeen ratings firms that are covering the stock, Marketbeat Ratings reports. Three equities 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 assigned a strong buy recommendation to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $13.50.

A number of research analysts have issued reports on the company. Weiss Ratings restated a “sell (d-)” rating on shares of NuScale Power in a research report on Wednesday, June 24th. Citigroup lowered their price target on shares of NuScale Power from $7.50 to $6.50 and set a “sell” rating on the stock in a report on Thursday, August 6th. Bank of America assumed coverage on shares of NuScale Power in a report on Friday, May 22nd. They issued a “neutral” rating and a $12.00 price objective for the company. Truist Financial started coverage on shares of NuScale Power in a research note on Monday, July 13th. They set a “hold” rating and a $10.00 target price on the stock. Finally, Royal Bank Of Canada cut their price target on NuScale Power from $14.00 to $10.00 and set a “sector perform” rating for the company in a research note on Tuesday, August 11th.

Insider Buying and Selling at NuScale Power

In other news, COO Carl M. Fisher sold 18,771 shares of the company’s stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $9.36, for a total transaction of $175,696.56. Following the completion of the transaction, the chief operating officer directly owned 114,718 shares of the company’s stock, valued at $1,073,760.48. This represents a 14.06% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 1.28% of the stock is currently owned by insiders.

Institutional Investors Weigh In On NuScale Power

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vermillion & White Wealth Management Group LLC grew its position in shares of NuScale Power by 1,550.9% in the fourth quarter. Vermillion & White Wealth Management Group LLC now owns 1,783 shares of the company’s stock valued at $25,000 after purchasing an additional 1,675 shares during the period. Assetmark Inc. increased its stake in shares of NuScale Power by 1,940.3% during the first quarter. Assetmark Inc. now owns 2,428 shares of the company’s stock worth $26,000 after purchasing an additional 2,309 shares in the last quarter. Ameriflex Group Inc. acquired a new position in shares of NuScale Power during the 4th quarter worth about $30,000. Strategic Advocates LLC raised its position in shares of NuScale Power by 233.0% during the 4th quarter. Strategic Advocates LLC now owns 2,321 shares of the company’s stock worth $33,000 after purchasing an additional 1,624 shares during the last quarter. Finally, Harbour Investments Inc. lifted its stake in NuScale Power by 32.4% in the 4th quarter. Harbour Investments Inc. now owns 2,419 shares of the company’s stock valued at $34,000 after buying an additional 592 shares in the last quarter. Hedge funds and other institutional investors own 78.37% of the company’s stock.

NuScale Power Price Performance

NYSE SMR opened at $9.30 on Thursday. The company has a market capitalization of $4.00 billion, a PE ratio of -3.18 and a beta of 2.26. The company has a fifty day moving average of $9.37 and a 200 day moving average of $11.30. NuScale Power has a 1 year low of $7.21 and a 1 year high of $57.42.

NuScale Power (NYSE:SMR) last announced its quarterly earnings results on Wednesday, August 5th. The company reported ($0.13) earnings per share for the quarter, hitting the consensus estimate of ($0.13). The company had revenue of $0.07 million for the quarter, compared to the consensus estimate of $8.80 million. NuScale Power had a negative return on equity of 35.59% and a negative net margin of 3,888.70%.The firm’s revenue for the quarter was down 99.1% compared to the same quarter last year. During the same period last year, the firm earned ($0.11) EPS. Research analysts expect that NuScale Power will post -0.64 earnings per share for the current year.

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.