NuScale Power Corporation (NYSE:SMR) Given Average Recommendation of “Hold” by Analysts

NuScale Power Corporation (NYSE:SMR) has received a consensus rating of “Hold” from the sixteen brokerages that are covering the stock, Marketbeat reports. Three equities research analysts have rated the stock with a sell recommendation, eight have given a hold recommendation, four have given a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $15.9167.

Several analysts have issued reports on the company. Bank of America assumed coverage on NuScale Power in a report on Friday, May 22nd. They set a “neutral” rating and a $12.00 price target for the company. Citigroup dropped their price objective on NuScale Power from $9.00 to $7.00 and set a “sell” rating for the company in a research note on Monday, May 11th. HSBC initiated coverage on NuScale Power in a research note on Thursday, April 23rd. They issued a “hold” rating and a $13.00 price objective for the company. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of NuScale Power in a research note on Wednesday, June 24th. Finally, B. Riley Financial dropped their price objective on NuScale Power from $24.00 to $19.00 and set a “buy” rating for the company in a research note on Friday, April 24th.

Insider Buying and Selling at NuScale Power

In other news, Director Corp Fluor sold 13,500,000 shares of the company’s stock in a transaction dated Thursday, April 9th. The stock was sold at an average price of $12.07, for a total value of $162,945,000.00. Following the completion of the transaction, the director owned 26,436,472 shares of the company’s stock, valued at $319,088,217.04. This represents a 33.80% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders sold a total of 39,936,472 shares of company stock valued at $472,831,169 over the last three months. Corporate insiders own 1.28% of the company’s stock.

Hedge Funds Weigh In On NuScale Power

Hedge funds have recently made changes to their positions in the business. Nemes Rush Group LLC bought a new position in shares of NuScale Power in the third quarter worth about $25,000. Strategic Advocates LLC bought a new position in NuScale Power during the third quarter valued at approximately $25,000. Vermillion & White Wealth Management Group LLC boosted its stake in NuScale Power by 1,550.9% during the fourth quarter. Vermillion & White Wealth Management Group LLC now owns 1,783 shares of the company’s stock valued at $25,000 after buying an additional 1,675 shares during the last quarter. Assetmark Inc. boosted its stake in NuScale Power by 1,940.3% during the first quarter. Assetmark Inc. now owns 2,428 shares of the company’s stock valued at $26,000 after buying an additional 2,309 shares during the last quarter. Finally, Ameriflex Group Inc. bought a new position in NuScale Power during the fourth quarter valued at approximately $30,000. Institutional investors own 78.37% of the company’s stock.

NuScale Power Stock Performance

NYSE:SMR opened at $10.01 on Wednesday. The stock has a 50-day simple moving average of $11.49 and a two-hundred day simple moving average of $13.58. NuScale Power has a 52-week low of $8.85 and a 52-week high of $57.42. The firm has a market capitalization of $3.66 billion, a PE ratio of -3.43 and a beta of 2.20.

NuScale Power (NYSE:SMR) last released its quarterly 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 net margin of 2,066.55% and a negative return on equity of 48.88%. The company had revenue of $0.57 million for the quarter, compared to the consensus estimate of $7.00 million. NuScale Power’s revenue was down 95.8% compared to the same quarter last year. Equities analysts forecast that NuScale Power will post -0.46 earnings per share for the current fiscal 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.