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

NuScale Power Corporation (NYSE:SMR) has been assigned a consensus recommendation of “Hold” from the sixteen analysts that are presently covering the firm, Marketbeat Ratings reports. Four research analysts have rated the stock with a sell rating, seven have assigned a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $33.4231.

SMR has been the topic of a number of research analyst reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of NuScale Power in a report on Monday, December 29th. BNP Paribas Exane lowered shares of NuScale Power from a “hold” rating to a “strong sell” rating in a research note on Tuesday, October 21st. B. Riley lowered their price target on shares of NuScale Power from $38.00 to $24.00 and set a “buy” rating on the stock in a report on Monday, December 22nd. Cantor Fitzgerald assumed coverage on NuScale Power in a report on Tuesday, October 21st. They set an “overweight” rating and a $55.00 price objective for the company. Finally, Zacks Research lowered NuScale Power from a “hold” rating to a “strong sell” rating in a research report on Tuesday, January 20th.

NuScale Power Trading Down 7.6%

SMR stock opened at $18.93 on Friday. The firm has a 50-day moving average of $18.51 and a two-hundred day moving average of $31.69. The firm has a market capitalization of $5.65 billion, a PE ratio of -6.62 and a beta of 2.12. NuScale Power has a one year low of $11.08 and a one year high of $57.42.

NuScale Power (NYSE:SMR) last issued its quarterly earnings results on Thursday, November 6th. The company reported ($1.85) EPS for the quarter, missing the consensus estimate of ($0.11) by ($1.74). NuScale Power had a negative net margin of 594.63% and a negative return on equity of 51.27%. The firm had revenue of $8.24 million during the quarter, compared to analysts’ expectations of $11.29 million. During the same quarter last year, the company posted ($0.18) EPS. The firm’s revenue was up 1635.2% compared to the same quarter last year. On average, equities research analysts anticipate that NuScale Power will post -0.73 earnings per share for the current year.

Insider Buying and Selling

In related news, CFO Robert Ramsey Hamady sold 40,000 shares of the business’s stock in a transaction dated Monday, December 8th. The stock was sold at an average price of $22.17, for a total transaction of $886,800.00. Following the completion of the transaction, the chief financial officer owned 46,283 shares of the company’s stock, valued at approximately $1,026,094.11. The trade was a 46.36% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.20% of the stock is owned by corporate insiders.

Institutional Trading of NuScale Power

Several institutional investors have recently modified their holdings of the company. Strategic Advocates LLC bought a new position in NuScale Power in the 3rd quarter valued at $25,000. CX Institutional bought a new stake in shares of NuScale Power during the third quarter worth approximately $25,000. Nemes Rush Group LLC acquired a new position in shares of NuScale Power in the 3rd quarter valued at $25,000. Indiana Trust & Investment Management Co bought a new stake in NuScale Power in the third quarter valued at about $34,000. Finally, Accredited Wealth Management LLC bought a new stake in shares of NuScale Power in the 3rd quarter valued at about $35,000. Institutional investors and hedge funds 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.