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

Shares of NuScale Power Co. (NYSE:SMR - Get Free Report) have received an average recommendation of "Moderate Buy" from the five research firms that are currently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $16.60.

Several equities analysts have recently issued reports on the stock. BTIG Research reaffirmed a "buy" rating on shares of NuScale Power in a research note on Tuesday, May 13th. The Goldman Sachs Group started coverage on NuScale Power in a report on Tuesday. They issued a "neutral" rating and a $24.00 target price on the stock. Finally, UBS Group dropped their target price on shares of NuScale Power from $25.00 to $17.00 and set a "neutral" rating on the stock in a research report on Friday, March 7th.

Insider Buying and Selling at NuScale Power

In related news, VP Jacqueline F. Engel sold 24,618 shares of the company's stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $14.52, for a total transaction of $357,453.36. Following the completion of the sale, the vice president now directly owns 1,149 shares of the company's stock, valued at approximately $16,683.48. This represents a 95.54% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO John Lawrence Hopkins sold 26,345 shares of the stock in a transaction that occurred on Thursday, May 15th. The shares were sold at an average price of $23.66, for a total value of $623,322.70. The disclosure for this sale can be found here. Insiders have sold 184,392 shares of company stock worth $3,138,221 over the last 90 days. 1.27% of the stock is currently owned by corporate insiders.

Institutional Trading of NuScale Power

A number of hedge funds have recently modified their holdings of SMR. Quantbot Technologies LP bought a new position in shares of NuScale Power during the 1st quarter worth approximately $27,000. CoreCap Advisors LLC bought a new position in shares of NuScale Power during the 4th quarter worth approximately $33,000. Venturi Wealth Management LLC lifted its position in shares of NuScale Power by 313.8% during the 4th quarter. Venturi Wealth Management LLC now owns 1,978 shares of the company's stock worth $35,000 after buying an additional 1,500 shares during the period. Toth Financial Advisory Corp lifted its position in shares of NuScale Power by 600.0% during the 4th quarter. Toth Financial Advisory Corp now owns 2,100 shares of the company's stock worth $38,000 after buying an additional 1,800 shares during the period. Finally, Twin Tree Management LP bought a new position in NuScale Power during the 4th quarter valued at about $42,000. Institutional investors own 78.37% of the company's stock.

NuScale Power Stock Up 1.5%

SMR stock opened at $24.54 on Tuesday. The company has a quick ratio of 2.24, a current ratio of 2.24 and a debt-to-equity ratio of 0.26. NuScale Power has a fifty-two week low of $6.37 and a fifty-two week high of $32.30. The firm's 50-day simple moving average is $16.80 and its 200 day simple moving average is $20.24. The stock has a market cap of $6.98 billion, a PE ratio of -25.83 and a beta of 1.62.

NuScale Power (NYSE:SMR - Get Free Report) last released its earnings results on Monday, May 12th. The company reported ($0.11) EPS for the quarter, beating the consensus estimate of ($0.17) by $0.06. The firm had revenue of $13.38 million for the quarter, compared to analysts' expectations of $1.46 million. NuScale Power had a negative net margin of 1,089.32% and a negative return on equity of 72.85%. As a group, sell-side analysts predict that NuScale Power will post -0.73 EPS for the current 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.

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