Royal Bank Of Canada Issues Pessimistic Forecast for NuScale Power (NYSE:SMR) Stock Price

NuScale Power (NYSE:SMR) had its target price reduced by analysts at Royal Bank Of Canada from $21.00 to $14.00 in a research note issued on Monday,Benzinga reports. The firm presently has a “sector perform” rating on the stock. Royal Bank Of Canada’s price objective would indicate a potential upside of 4.79% from the stock’s previous close.

A number of other analysts have also commented on the company. Northland Securities raised NuScale Power from a “market perform” rating to an “outperform” rating and set a $21.00 price target for the company in a research note on Friday. Canaccord Genuity Group dropped their target price on shares of NuScale Power from $60.00 to $25.00 and set a “buy” rating for the company in a research report on Friday. UBS Group set a $20.00 price target on shares of NuScale Power in a research report on Tuesday, November 25th. Texas Capital raised NuScale Power to a “strong-buy” rating in a research report on Tuesday, January 27th. Finally, Bank of America upgraded NuScale Power from an “underperform” rating to a “neutral” rating and set a $28.00 target price on the stock in a report on Friday, January 9th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, eight have given a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, NuScale Power presently has a consensus rating of “Hold” and a consensus price target of $23.88.

NuScale Power Price Performance

NuScale Power stock traded up $0.51 during trading hours on Monday, reaching $13.36. The stock had a trading volume of 13,253,024 shares, compared to its average volume of 28,483,367. The company has a fifty day simple moving average of $16.79 and a 200-day simple moving average of $26.98. NuScale Power has a 52 week low of $11.08 and a 52 week high of $57.42. The stock has a market cap of $3.99 billion, a PE ratio of -4.64 and a beta of 2.20.

NuScale Power (NYSE:SMR) last posted its earnings results on Thursday, February 26th. The company reported ($0.80) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.70). NuScale Power had a negative return on equity of 55.23% and a negative net margin of 1,130.26%.The firm had revenue of $1.81 million for the quarter, compared to analysts’ expectations of $8.76 million. Research analysts predict that NuScale Power will post -0.73 earnings per share for the current fiscal year.

Insider Buying and Selling at NuScale Power

In related news, CFO Robert Ramsey Hamady sold 40,000 shares of the company’s stock in a transaction that occurred on Monday, December 8th. The stock was sold at an average price of $22.17, for a total value of $886,800.00. Following the sale, the chief financial officer owned 46,283 shares in the company, valued at $1,026,094.11. This represents a 46.36% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 1.20% of the stock is owned by insiders.

Institutional Investors Weigh In On NuScale Power

Hedge funds have recently added to or reduced their stakes in the stock. Van ECK Associates Corp increased its holdings in shares of NuScale Power by 117.8% during the fourth quarter. Van ECK Associates Corp now owns 11,515,561 shares of the company’s stock valued at $163,176,000 after acquiring an additional 6,227,747 shares in the last quarter. Vanguard Group Inc. boosted its stake in NuScale Power by 40.5% in the 4th quarter. Vanguard Group Inc. now owns 15,545,018 shares of the company’s stock worth $220,273,000 after purchasing an additional 4,482,254 shares in the last quarter. Clear Street Group Inc. purchased a new stake in NuScale Power during the 3rd quarter valued at about $155,616,000. Voloridge Investment Management LLC bought a new stake in NuScale Power during the 4th quarter valued at about $48,993,000. Finally, Samsung C&T Corp increased its stake in NuScale Power by 98.9% during the 3rd quarter. Samsung C&T Corp now owns 5,185,804 shares of the company’s stock valued at $186,689,000 after purchasing an additional 2,578,702 shares in the last quarter. 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.