NuScale Power (NYSE:SMR) Trading 18.5% Higher – Should You Buy?

NuScale Power Corporation (NYSE:SMR)’s share price rose 18.5% during mid-day trading on Friday . The company traded as high as $17.88 and last traded at $17.59. Approximately 31,302,653 shares changed hands during mid-day trading, an increase of 0% from the average daily volume of 31,170,539 shares. The stock had previously closed at $14.84.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. Weiss Ratings restated a “sell (d-)” rating on shares of NuScale Power in a research note on Monday, December 29th. Zacks Research lowered shares of NuScale Power from a “hold” rating to a “strong sell” rating in a report on Tuesday, January 20th. Texas Capital raised NuScale Power to a “strong-buy” rating in a research report on Tuesday, January 27th. BNP Paribas Exane downgraded shares of NuScale Power from a “hold” rating to a “strong sell” rating in a report on Tuesday, October 21st. Finally, UBS Group set a $20.00 price objective on shares of NuScale Power in a research report on Tuesday, November 25th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, seven have issued a Hold rating and four have given a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $33.19.

NuScale Power Stock Performance

The company has a market capitalization of $5.25 billion, a P/E ratio of -6.15 and a beta of 2.14. The stock has a fifty day moving average of $18.27 and a 200 day moving average of $30.67.

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

Insider Buying and Selling at NuScale Power

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

Hedge Funds Weigh In On NuScale Power

Several large investors have recently made changes to their positions in SMR. Vanguard Group Inc. raised its stake in NuScale Power by 40.5% during the 4th quarter. Vanguard Group Inc. now owns 15,545,018 shares of the company’s stock valued at $220,273,000 after purchasing an additional 4,482,254 shares during the period. Clear Street Group Inc. purchased a new stake in NuScale Power in the 3rd quarter worth $155,616,000. Samsung C&T Corp grew its position in shares of NuScale Power by 98.9% during the third 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. Van ECK Associates Corp increased its holdings in shares of NuScale Power by 67.2% in the third quarter. Van ECK Associates Corp now owns 5,287,814 shares of the company’s stock worth $190,362,000 after purchasing an additional 2,125,250 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of NuScale Power by 1,220.7% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,845,116 shares of the company’s stock worth $26,127,000 after purchasing an additional 1,705,411 shares during the last quarter. 78.37% of the stock is currently owned by hedge funds and other institutional investors.

About NuScale Power

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.