NuScale Power (NYSE:SMR) Stock Price Up 8.1% – Should You Buy?

Shares of NuScale Power Corporation (NYSE:SMR) rose 8.1% on Tuesday . The stock traded as high as $13.40 and last traded at $13.9510. Approximately 41,354,963 shares were traded during trading, an increase of 34% from the average daily volume of 30,765,722 shares. The stock had previously closed at $12.9090.

Analysts Set New Price Targets

SMR has been the subject of several recent research reports. Citigroup reduced their price objective on NuScale Power from $9.00 to $7.00 and set a “sell” rating for the company in a research report on Monday, May 11th. Bank of America started coverage on NuScale Power in a report on Friday, May 22nd. They set a “neutral” rating and a $12.00 target price on the stock. The Goldman Sachs Group set a $9.00 target price on NuScale Power in a report on Friday, May 8th. B. Riley Financial dropped their target price on NuScale Power from $24.00 to $19.00 and set a “buy” rating on the stock in a report on Friday, April 24th. Finally, Cantor Fitzgerald dropped their target price on NuScale Power from $55.00 to $20.00 and set an “overweight” rating on the stock in a report on Tuesday, February 24th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, nine have given a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $15.92.

NuScale Power Stock Up 8.2%

The firm has a market cap of $5.10 billion, a P/E ratio of -4.78 and a beta of 2.20. The firm has a fifty day moving average of $11.43 and a 200-day moving average of $15.05.

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 $0.57 million for the quarter, compared to the consensus estimate of $7.00 million. The company’s revenue was down 95.8% compared to the same quarter last year. On average, equities analysts forecast that NuScale Power Corporation will post -0.46 EPS for the current year.

Insider Transactions at NuScale Power

In other NuScale Power news, Director Corp Fluor sold 13,500,000 shares of the company’s stock in a transaction that occurred on Tuesday, April 21st. The stock was sold at an average price of $11.81, for a total value of $159,435,000.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Insiders sold a total of 39,936,472 shares of company stock valued at $472,831,169 in the last 90 days. 1.28% of the stock is owned by corporate insiders.

Institutional Trading of NuScale Power

Several institutional investors and hedge funds have recently bought and sold shares of the business. Cibc World Market Inc. raised its stake in NuScale Power by 3.8% in the third quarter. Cibc World Market Inc. now owns 9,000 shares of the company’s stock valued at $324,000 after buying an additional 329 shares during the period. MAI Capital Management raised its stake in NuScale Power by 37.0% in the third quarter. MAI Capital Management now owns 1,654 shares of the company’s stock valued at $60,000 after buying an additional 447 shares during the period. Arizona State Retirement System raised its stake in NuScale Power by 1.7% in the third quarter. Arizona State Retirement System now owns 35,523 shares of the company’s stock valued at $1,279,000 after buying an additional 587 shares during the period. Harbour Investments Inc. raised its stake in NuScale Power by 32.4% in the fourth quarter. Harbour Investments Inc. now owns 2,419 shares of the company’s stock valued at $34,000 after buying an additional 592 shares during the period. Finally, Principal Financial Group Inc. raised its stake in NuScale Power by 7.6% in the third quarter. Principal Financial Group Inc. now owns 9,706 shares of the company’s stock valued at $349,000 after buying an additional 688 shares during the period. Institutional investors own 78.37% of the company’s stock.

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.