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

NuScale Power Co. (NYSE:SMR) has earned an average recommendation of “Moderate Buy” from the seven brokerages that are presently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, one has given a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $10.39.

A number of equities analysts have commented on SMR shares. Craig Hallum lifted their target price on NuScale Power from $16.00 to $21.00 and gave the company a “buy” rating in a research note on Thursday, October 17th. CLSA initiated coverage on NuScale Power in a report on Friday, September 13th. They issued an “outperform” rating and a $11.00 price target on the stock.

NuScale Power Trading Up 3.9 %

NuScale Power stock opened at $21.82 on Friday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.24 and a current ratio of 2.24. NuScale Power has a 1 year low of $1.88 and a 1 year high of $32.30. The firm’s 50-day moving average is $22.74 and its 200-day moving average is $14.81. The company has a market cap of $5.57 billion, a P/E ratio of -22.97 and a beta of 1.33.

Insider Activity at NuScale Power

In other NuScale Power news, VP Jacqueline F. Engel sold 18,186 shares of the business’s stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $29.00, for a total value of $527,394.00. Following the sale, the vice president now directly owns 3,801 shares in the company, valued at approximately $110,229. The trade was a 82.71 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Robert K. Temple sold 68,558 shares of the company’s stock in a transaction dated Friday, October 4th. The shares were sold at an average price of $13.02, for a total transaction of $892,625.16. Following the completion of the sale, the insider now directly owns 14,054 shares of the company’s stock, valued at $182,983.08. The trade was a 82.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 202,610 shares of company stock worth $3,528,780 in the last 90 days. Corporate insiders own 1.96% of the company’s stock.

Hedge Funds Weigh In On NuScale Power

Several hedge funds have recently made changes to their positions in the business. Catalina Capital Group LLC raised its position in shares of NuScale Power by 6.8% during the third quarter. Catalina Capital Group LLC now owns 12,638 shares of the company’s stock worth $146,000 after purchasing an additional 809 shares during the period. HighTower Advisors LLC increased its stake in NuScale Power by 7.3% in the 3rd quarter. HighTower Advisors LLC now owns 12,108 shares of the company’s stock worth $140,000 after purchasing an additional 820 shares in the last quarter. Indie Asset Partners LLC raised its holdings in NuScale Power by 7.1% during the 3rd quarter. Indie Asset Partners LLC now owns 18,800 shares of the company’s stock worth $218,000 after buying an additional 1,250 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in NuScale Power during the third quarter valued at about $44,000. Finally, US Bancorp DE acquired a new position in shares of NuScale Power in the third quarter worth about $54,000. Institutional investors and hedge funds own 78.37% of the company’s stock.

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.