NuScale Power Corporation (NYSE:SMR) Given Average Rating of "Hold" by Brokerages

Key Points

• NuScale Power Corporation has received an average rating of "Hold" from analysts, with two ratings for sell, ten for hold, and two for buy, indicating a cautious outlook on the stock.
• The stock's 1-year price target among brokers averages $38.09, with recent coverage by Barclays suggesting an equal weight rating and a target price of $45.00.
• NuScale Power reported a loss of ($0.13) earnings per share for the last quarter, missing analysts' expectations, and had a revenue of $8.05 million, lower than the anticipated $10.49 million.

Shares of NuScale Power Corporation (NYSE:SMR - Get Free Report) have received an average rating of "Hold" from the fourteen ratings firms that are currently covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, ten have issued a hold recommendation and two have given a buy recommendation to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $38.0909.

Several equities research analysts recently weighed in on SMR shares. Barclays started coverage on shares of NuScale Power in a research note on Monday, September 29th. They set an "equal weight" rating and a $45.00 target price on the stock. Citigroup began coverage on NuScale Power in a research report on Monday, June 23rd. They set a "neutral" rating and a $46.00 price objective on the stock. Weiss Ratings restated a "sell (e+)" rating on shares of NuScale Power in a report on Wednesday, October 8th. BNP Paribas upgraded NuScale Power to a "hold" rating in a report on Friday, July 25th. Finally, Bank of America restated an "underperform" rating and set a $34.00 price target (down previously from $38.00) on shares of NuScale Power in a report on Tuesday, September 30th.

NuScale Power Trading Down 11.0%

SMR stock opened at $47.55 on Friday. The company has a market capitalization of $13.55 billion, a PE ratio of -39.96 and a beta of 2.02. NuScale Power has a 12-month low of $11.08 and a 12-month high of $57.42. The business's fifty day moving average price is $38.20 and its 200 day moving average price is $33.09.

NuScale Power (NYSE:SMR - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The company reported ($0.13) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.12) by ($0.01). The firm had revenue of $8.05 million during the quarter, compared to analysts' expectations of $10.49 million. NuScale Power had a negative net margin of 221.07% and a positive return on equity of 2.61%. Research analysts predict that NuScale Power will post -0.73 EPS for the current fiscal year.

Insider Activity at NuScale Power

In other NuScale Power news, Director Corp Fluor sold 87,900 shares of the stock in a transaction that occurred on Wednesday, October 8th. The shares were sold at an average price of $39.58, for a total value of $3,479,082.00. The sale was disclosed in a filing with the SEC, which is available through this link. Over the last quarter, insiders have sold 15,048,847 shares of company stock valued at $606,761,579. Corporate insiders own 1.27% of the company's stock.

Hedge Funds Weigh In On NuScale Power

Large investors have recently bought and sold shares of the business. Thurston Springer Miller Herd & Titak Inc. increased its holdings 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 valued at $31,000 after acquiring an additional 359 shares during the last quarter. Rothschild Investment LLC increased its stake in NuScale Power by 45.2% in the second quarter. Rothschild Investment LLC now owns 1,125 shares of the company's stock valued at $45,000 after purchasing an additional 350 shares during the last quarter. Harbour Investments Inc. increased its stake in NuScale Power by 21.3% in the second quarter. Harbour Investments Inc. now owns 1,156 shares of the company's stock valued at $46,000 after purchasing an additional 203 shares during the last quarter. Delos Wealth Advisors LLC purchased a new position in NuScale Power in the second quarter valued at approximately $51,000. Finally, AdvisorNet Financial Inc increased its stake in NuScale Power by 4,483.3% in the third quarter. AdvisorNet Financial Inc now owns 1,375 shares of the company's stock valued at $50,000 after purchasing an additional 1,345 shares during the last quarter. Hedge funds and other institutional investors 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.

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