NuScale Power Co. (NYSE:SMR) Given Consensus Rating of “Moderate Buy” by Brokerages

NuScale Power Co. (NYSE:SMR) has been assigned a consensus rating of “Moderate Buy” from the seven brokerages that are covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating on the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $10.39.

A number of research firms have weighed in on SMR. Craig Hallum boosted their price objective on shares of NuScale Power from $16.00 to $21.00 and gave the company a “buy” rating in a research report on Thursday, October 17th. CLSA began coverage on shares of NuScale Power in a report on Friday, September 13th. They set an “outperform” rating and a $11.00 price target on the stock.

NuScale Power Trading Up 4.0 %

Shares of NYSE SMR opened at $19.77 on Friday. NuScale Power has a 1-year low of $1.88 and a 1-year high of $32.30. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.24 and a quick ratio of 2.24. The business’s 50 day moving average is $22.36 and its two-hundred day moving average is $14.44. The stock has a market capitalization of $5.05 billion, a P/E ratio of -20.81 and a beta of 1.33.

Insider Transactions at NuScale Power

In related news, insider Robert K. Temple sold 68,558 shares of the company’s stock in a transaction on Friday, October 4th. The stock was sold at an average price of $13.02, for a total transaction of $892,625.16. Following the completion of the sale, the insider now directly owns 14,054 shares in the company, valued at $182,983.08. This represents a 82.99 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, VP Jacqueline F. Engel sold 18,186 shares of NuScale Power stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $29.00, for a total value of $527,394.00. Following the completion of the transaction, the vice president now owns 3,801 shares in the company, valued at $110,229. This trade represents a 82.71 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 277,610 shares of company stock valued at $4,428,780. 1.96% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On NuScale Power

Several institutional investors and hedge funds have recently bought and sold shares of SMR. Franklin Resources Inc. purchased a new stake in NuScale Power in the third quarter valued at about $555,000. Tidal Investments LLC purchased a new position in shares of NuScale Power in the 3rd quarter valued at approximately $118,000. Barclays PLC boosted its stake in NuScale Power by 472.3% in the 3rd quarter. Barclays PLC now owns 150,791 shares of the company’s stock worth $1,746,000 after purchasing an additional 124,441 shares in the last quarter. Geode Capital Management LLC grew its position in NuScale Power by 21.0% during the 3rd quarter. Geode Capital Management LLC now owns 1,829,843 shares of the company’s stock worth $21,194,000 after purchasing an additional 317,285 shares during the last quarter. Finally, State Street Corp increased its stake in NuScale Power by 10.2% during the 3rd quarter. State Street Corp now owns 1,674,995 shares of the company’s stock valued at $19,396,000 after purchasing an additional 154,368 shares in the last quarter. 78.37% of the stock is owned by hedge funds and other institutional investors.

About NuScale Power

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.