NuScale Power (NYSE:SMR) Stock Price Up 9.5% – Should You Buy?

NuScale Power Corporation (NYSE:SMR)’s share price was up 9.5% on Thursday . The company traded as high as $11.39 and last traded at $11.3780. Approximately 30,511,680 shares were traded during mid-day trading, an increase of 5% from the average daily volume of 29,049,119 shares. The stock had previously closed at $10.39.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on SMR shares. Northland Securities set a $19.00 price objective on shares of NuScale Power in a research report on Monday, May 11th. UBS Group reduced their price target on NuScale Power from $20.00 to $13.00 and set a “neutral” rating for the company in a report on Wednesday, March 18th. Citigroup reduced their price target on NuScale Power from $9.00 to $7.00 and set a “sell” rating for the company in a report on Monday, May 11th. Canaccord Genuity Group dropped their price objective on NuScale Power from $60.00 to $25.00 and set a “buy” rating on the stock in a report on Friday, February 27th. Finally, B. Riley Financial dropped their price objective on NuScale Power from $24.00 to $19.00 and set a “buy” rating on the stock in a report on Friday, April 24th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, nine have issued a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, NuScale Power currently has an average rating of “Hold” and an average target price of $19.08.

NuScale Power Price Performance

The firm has a market cap of $4.16 billion, a PE ratio of -3.90 and a beta of 2.24. The business’s 50 day moving average price is $11.44 and its 200 day moving average price is $16.32.

NuScale Power (NYSE:SMR) last released its earnings results on Thursday, May 7th. The company reported ($0.14) EPS for the quarter, missing analysts’ consensus estimates 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 analysts’ expectations of $7.00 million. NuScale Power’s quarterly revenue was down 95.8% compared to the same quarter last year. As a group, analysts predict that NuScale Power Corporation will post -0.46 earnings per share for the current year.

Insider Buying and Selling

In other news, CFO Robert Ramsey Hamady sold 18,570 shares of the firm’s stock in a transaction that occurred on Tuesday, March 3rd. The stock was sold at an average price of $12.22, for a total value of $226,925.40. Following the transaction, the chief financial officer owned 97,192 shares in the company, valued at $1,187,686.24. This trade represents a 16.04% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Corp Fluor sold 13,500,000 shares of the firm’s stock in a transaction that occurred on Tuesday, April 21st. The shares were sold at an average price of $11.81, for a total value of $159,435,000.00. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 40,572,082 shares of company stock worth $481,029,608 in the last quarter. 1.28% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Royal Bank of Canada raised its position in shares of NuScale Power by 623.4% in the first quarter. Royal Bank of Canada now owns 457,276 shares of the company’s stock valued at $6,475,000 after buying an additional 394,065 shares during the last quarter. AQR Capital Management LLC boosted its position in NuScale Power by 37.4% during the first quarter. AQR Capital Management LLC now owns 37,614 shares of the company’s stock worth $533,000 after acquiring an additional 10,244 shares during the last quarter. Integrated Wealth Concepts LLC acquired a new position in NuScale Power during the first quarter worth about $390,000. Jones Financial Companies Lllp grew its stake in NuScale Power by 9.1% during the 1st quarter. Jones Financial Companies Lllp now owns 16,793 shares of the company’s stock valued at $238,000 after acquiring an additional 1,394 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in NuScale Power by 1,220.7% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,845,116 shares of the company’s stock valued at $26,127,000 after acquiring an additional 1,705,411 shares in the last quarter. Hedge funds and other 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.