B. Riley Forecasts NuScale Power FY2024 Earnings

NuScale Power Co. (NYSE:SMR) – Equities research analysts at B. Riley issued their FY2024 earnings per share (EPS) estimates for NuScale Power in a research report issued to clients and investors on Thursday, February 6th. B. Riley analyst R. Pfingst forecasts that the company will earn ($0.73) per share for the year. B. Riley also issued estimates for NuScale Power’s Q4 2024 earnings at ($0.11) EPS, FY2025 earnings at ($0.45) EPS, FY2026 earnings at ($0.41) EPS and FY2027 earnings at ($0.37) EPS.

Separately, Craig Hallum raised their target price on NuScale Power from $16.00 to $21.00 and gave the stock a “buy” rating in a research note on Thursday, October 17th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $11.42.

NuScale Power Trading Down 6.0 %

Shares of SMR opened at $25.80 on Monday. The firm has a fifty day simple moving average of $22.07 and a two-hundred day simple moving average of $17.39. NuScale Power has a twelve month low of $2.47 and a twelve month high of $32.30. The stock has a market capitalization of $6.59 billion, a P/E ratio of -27.16 and a beta of 1.51. The company has a quick ratio of 2.24, a current ratio of 2.24 and a debt-to-equity ratio of 0.26.

Insider Transactions at NuScale Power

In other news, CEO John Lawrence Hopkins sold 664,568 shares of the business’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $18.04, for a total transaction of $11,988,806.72. Following the sale, the chief executive officer now owns 34,675 shares in the company, valued at approximately $625,537. The trade was a 95.04 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Jacqueline F. Engel sold 18,186 shares of the company’s stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $29.00, for a total transaction of $527,394.00. Following the completion of the sale, the vice president now directly owns 3,801 shares in the company, valued at $110,229. This represents a 82.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.96% of the company’s stock.

Institutional Trading of NuScale Power

A number of hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. raised its stake in NuScale Power by 8.2% during the fourth quarter. Vanguard Group Inc. now owns 8,427,917 shares of the company’s stock valued at $151,113,000 after buying an additional 635,271 shares during the last quarter. Van ECK Associates Corp increased its holdings in shares of NuScale Power by 90.0% during the third quarter. Van ECK Associates Corp now owns 1,235,457 shares of the company’s stock valued at $14,307,000 after acquiring an additional 585,292 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of NuScale Power by 212.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 677,248 shares of the company’s stock worth $7,843,000 after purchasing an additional 460,487 shares during the last quarter. Privium Fund Management B.V. bought a new position in NuScale Power in the 4th quarter worth about $6,455,000. Finally, Geode Capital Management LLC grew its position in NuScale Power by 21.0% during the 3rd quarter. Geode Capital Management LLC now owns 1,829,843 shares of the company’s stock valued at $21,194,000 after purchasing an additional 317,285 shares during the last quarter. 78.37% of the stock is owned by institutional investors.

NuScale Power Company Profile

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.