NuScale Power Corporation (NYSE:SMR) Given Consensus Recommendation of "Hold" by Analysts

Key Points

• NuScale Power Corporation has received a consensus recommendation of "Hold" from twelve research firms, with nine analysts recommending hold and three suggesting buy.
• The average one-year price target for NuScale Power is $34.60, while recent analyst reports range from price objectives of $36.00 to $46.00.
• In its latest earnings report, NuScale Power missed consensus estimates with reported earnings per share of ($0.13) and revenue of $8.05 million.

Shares of NuScale Power Corporation (NYSE:SMR - Get Free Report) have been given a consensus recommendation of "Hold" by the twelve research firms that are covering the stock, Marketbeat reports. Nine research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1 year price objective among brokers that have covered the stock in the last year is $34.60.

SMR has been the subject of several recent analyst reports. Citigroup assumed coverage on NuScale Power in a research report on Monday, June 23rd. They set a "neutral" rating and a $46.00 price objective for the company. BNP Paribas raised NuScale Power to a "hold" rating in a research note on Friday, July 25th. Bank of America started coverage on shares of NuScale Power in a research report on Thursday, August 21st. They set a "neutral" rating and a $36.00 price target on the stock. UBS Group raised their price objective on shares of NuScale Power from $34.00 to $38.00 and gave the stock a "neutral" rating in a research report on Monday, August 11th. Finally, Northland Securities began coverage on NuScale Power in a research report on Monday, July 7th. They issued a "market perform" rating and a $35.00 target price for the company.

NuScale Power Price Performance

NuScale Power stock opened at $35.23 on Thursday. The firm has a market cap of $10.04 billion, a PE ratio of -29.60 and a beta of 2.06. The stock's fifty day moving average price is $40.61 and its two-hundred day moving average price is $28.01. NuScale Power has a one year low of $6.88 and a one year high of $53.50.

NuScale Power (NYSE:SMR - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The company reported ($0.13) earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $10.49 million. Sell-side analysts expect that NuScale Power will post -0.73 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other NuScale Power news, COO Carl M. Fisher sold 18,206 shares of NuScale Power stock in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $44.39, for a total transaction of $808,164.34. Following the completion of the transaction, the chief operating officer owned 90,864 shares in the company, valued at approximately $4,033,452.96. The trade was a 16.69% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.27% of the company's stock.

Institutional Investors Weigh In On NuScale Power

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Kaizen Financial Strategies purchased a new position in shares of NuScale Power in the 1st quarter worth approximately $204,000. Cambridge Investment Research Advisors Inc. lifted its holdings in NuScale Power by 31.9% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 193,098 shares of the company's stock worth $2,734,000 after acquiring an additional 46,744 shares during the period. California State Teachers Retirement System lifted its holdings in NuScale Power by 17.9% during the fourth quarter. California State Teachers Retirement System now owns 79,687 shares of the company's stock worth $1,429,000 after acquiring an additional 12,070 shares during the period. Ameriprise Financial Inc. boosted its position in NuScale Power by 34.1% in the fourth quarter. Ameriprise Financial Inc. now owns 52,612 shares of the company's stock worth $943,000 after purchasing an additional 13,373 shares during the last quarter. Finally, Farther Finance Advisors LLC grew its stake in NuScale Power by 6.9% in the 1st quarter. Farther Finance Advisors LLC now owns 12,902 shares of the company's stock valued at $189,000 after purchasing an additional 833 shares during the period. 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.