Equities research analysts at Barclays assumed coverage on shares of NuScale Power (NYSE:SMR - Get Free Report) in a research report issued on Monday, Marketbeat Ratings reports. The brokerage set an "equal weight" rating and a $45.00 price target on the stock. Barclays's target price suggests a potential upside of 24.93% from the company's current price.
SMR has been the subject of several other research reports. BTIG Research downgraded NuScale Power from a "buy" rating to a "neutral" rating in a research note on Wednesday, June 25th. BNP Paribas upgraded NuScale Power to a "hold" rating in a research note on Friday, July 25th. UBS Group upped their price target on NuScale Power from $34.00 to $38.00 and gave the stock a "neutral" rating in a research note on Monday, August 11th. Royal Bank Of Canada assumed coverage on NuScale Power in a research note on Monday, September 15th. They set a "sector perform" rating and a $35.00 price target for the company. Finally, BNP Paribas Exane assumed coverage on NuScale Power in a research note on Friday, July 25th. They set a "neutral" rating and a $41.00 price target for the company. Three investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, NuScale Power has an average rating of "Hold" and an average target price of $36.67.
Read Our Latest Research Report on NuScale Power
NuScale Power Price Performance
Shares of SMR stock opened at $36.02 on Monday. NuScale Power has a fifty-two week low of $11.03 and a fifty-two week high of $53.50. The stock's 50-day moving average is $39.57 and its two-hundred day moving average is $31.12. The firm has a market cap of $10.26 billion, a P/E ratio of -30.27 and a beta of 2.03.
NuScale Power (NYSE:SMR - Get Free Report) last issued its earnings results on Thursday, August 7th. The company reported ($0.13) earnings per share for the quarter, missing the consensus estimate of ($0.12) by ($0.01). NuScale Power had a positive return on equity of 2.61% and a negative net margin of 221.07%.The firm had revenue of $8.05 million during the quarter, compared to analyst estimates of $10.49 million. As a group, research analysts expect that NuScale Power will post -0.73 EPS for the current year.
Insider Buying and Selling
In other NuScale Power news, CFO Robert Ramsey Hamady sold 30,641 shares of the firm's stock in a transaction that occurred on Wednesday, August 27th. The stock was sold at an average price of $35.59, for a total value of $1,090,513.19. Following the sale, the chief financial officer owned 46,283 shares of the company's stock, valued at $1,647,211.97. This trade represents a 39.83% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Corp Fluor sold 588,720 shares of the firm's stock in a transaction that occurred on Friday, September 26th. The stock was sold at an average price of $37.97, for a total value of $22,353,698.40. Following the completion of the sale, the director owned 5,562,897 shares of the company's stock, valued at $211,223,199.09. This represents a 9.57% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 9,485,950 shares of company stock worth $388,621,483 in the last ninety days. Insiders own 1.96% of the company's stock.
Institutional Trading of NuScale Power
Hedge funds have recently modified their holdings of the company. Quantbot Technologies LP bought a new stake in shares of NuScale Power in the 1st quarter worth approximately $27,000. Thurston Springer Miller Herd & Titak Inc. lifted its position in shares of NuScale Power by 84.5% in the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 784 shares of the company's stock worth $31,000 after acquiring an additional 359 shares during the period. Rothschild Investment LLC lifted its position in shares of NuScale Power by 45.2% in the 2nd quarter. Rothschild Investment LLC now owns 1,125 shares of the company's stock worth $45,000 after acquiring an additional 350 shares during the period. NBC Securities Inc. lifted its position in shares of NuScale Power by 165,450.0% in the 1st quarter. NBC Securities Inc. now owns 3,311 shares of the company's stock worth $46,000 after acquiring an additional 3,309 shares during the period. Finally, Harbour Investments Inc. lifted its position in shares of NuScale Power by 21.3% in the 2nd quarter. Harbour Investments Inc. now owns 1,156 shares of the company's stock worth $46,000 after acquiring an additional 203 shares during the period. Institutional investors own 78.37% of the company's stock.
About NuScale Power
(
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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.
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