NuScale Power Co. (NYSE:SMR) Receives Consensus Rating of “Moderate Buy” from Analysts

NuScale Power Co. (NYSE:SMR) has been given a consensus recommendation of “Moderate Buy” by the six ratings firms that are currently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating on the company. The average twelve-month target price among brokers that have covered the stock in the last year is $8.63.

SMR has been the subject of a number of analyst reports. CLSA assumed coverage on NuScale Power in a research report on Friday, September 13th. They set an “outperform” rating and a $11.00 price target for the company. B. Riley raised their price objective on shares of NuScale Power from $8.00 to $14.00 and gave the company a “buy” rating in a research report on Thursday, June 27th.

Insider Buying and Selling at NuScale Power

In related news, CFO Robert Ramsey Hamady sold 19,242 shares of the business’s stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of $7.98, for a total value of $153,551.16. Following the completion of the sale, the chief financial officer now directly owns 57,681 shares in the company, valued at approximately $460,294.38. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, CFO Robert Ramsey Hamady sold 19,242 shares of the company’s stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $7.98, for a total value of $153,551.16. Following the completion of the transaction, the chief financial officer now directly owns 57,681 shares in the company, valued at $460,294.38. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Robert K. Temple sold 50,000 shares of the business’s stock in a transaction on Wednesday, August 14th. The shares were sold at an average price of $10.00, for a total transaction of $500,000.00. Following the completion of the sale, the insider now directly owns 19,054 shares in the company, valued at approximately $190,540. The disclosure for this sale can be found here. Insiders have sold 86,544 shares of company stock worth $809,536 over the last 90 days. 1.96% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On NuScale Power

Several large investors have recently modified their holdings of the stock. Swedbank AB acquired a new stake in shares of NuScale Power during the first quarter worth approximately $18,585,000. Van ECK Associates Corp acquired a new position in NuScale Power during the 2nd quarter worth $7,600,000. Bank of New York Mellon Corp boosted its holdings in NuScale Power by 97.3% in the second quarter. Bank of New York Mellon Corp now owns 278,513 shares of the company’s stock valued at $3,256,000 after acquiring an additional 137,382 shares during the last quarter. Rheos Capital Works Inc. bought a new position in shares of NuScale Power in the 1st quarter valued at about $1,328,000. Finally, Wedbush Securities Inc. grew its position in shares of NuScale Power by 84.9% during the 2nd quarter. Wedbush Securities Inc. now owns 188,600 shares of the company’s stock worth $2,205,000 after buying an additional 86,600 shares during the period. 15.28% of the stock is currently owned by institutional investors.

NuScale Power Trading Down 6.1 %

NYSE:SMR opened at $9.09 on Friday. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.66 and a quick ratio of 2.66. NuScale Power has a 12 month low of $1.81 and a 12 month high of $16.91. The firm has a market capitalization of $2.21 billion, a PE ratio of -10.69 and a beta of 1.22. The business’s 50-day moving average is $9.77 and its two-hundred day moving average is $8.10.

NuScale Power (NYSE:SMR) last issued its quarterly earnings results on Thursday, August 8th. The company reported ($0.31) EPS for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.18). NuScale Power had a negative net margin of 592.28% and a negative return on equity of 61.82%. The business had revenue of $0.97 million during the quarter, compared to analysts’ expectations of $1.43 million. During the same period in the prior year, the company posted ($0.13) EPS. Research analysts predict that NuScale Power will post -0.55 earnings per share for the current fiscal year.

About NuScale Power

NuScale Power Corporation engages in the development and sale of modular light water reactor nuclear power plants to supply energy for electrical generation, district heating, desalination, hydrogen production, and other process heat applications. It offers NuScale Power Module (NPM), a water reactor that can generate 77 megawatts of electricity (MWe); and VOYGR power plant designs for three facility sizes that are capable of housing from one to four and six or twelve NPMs.