NuScale Power (NYSE:SMR) Given a $41.00 Price Target by CLSA Analysts

NuScale Power (NYSE:SMR - Get Free Report) has been assigned a $41.00 target price by research analysts at CLSA in a note issued to investors on Tuesday, Marketbeat Ratings reports. The brokerage currently has an "outperform" rating on the stock. CLSA's target price suggests a potential upside of 15.66% from the company's current price.

Several other analysts have also weighed in on the stock. The Goldman Sachs Group set a $24.00 price objective on shares of NuScale Power and gave the stock a "neutral" rating in a report on Tuesday, May 20th. BTIG Research reissued a "buy" rating on shares of NuScale Power in a research note on Tuesday, May 13th. Finally, UBS Group decreased their price target on shares of NuScale Power from $25.00 to $17.00 and set a "neutral" rating on the stock in a research note on Friday, March 7th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $22.83.

NuScale Power Stock Performance

NYSE SMR opened at $35.45 on Tuesday. The firm has a market cap of $10.08 billion, a price-to-earnings ratio of -37.32 and a beta of 1.62. The company has a 50 day moving average of $18.45 and a 200-day moving average of $20.65. The company has a current ratio of 2.24, a quick ratio of 2.24 and a debt-to-equity ratio of 0.26. NuScale Power has a 1-year low of $6.61 and a 1-year high of $36.85.

NuScale Power (NYSE:SMR - Get Free Report) last posted its quarterly earnings data on Monday, May 12th. The company reported ($0.11) earnings per share for the quarter, topping the consensus estimate of ($0.17) by $0.06. The company had revenue of $13.38 million during the quarter, compared to analyst estimates of $1.46 million. NuScale Power had a negative net margin of 1,089.32% and a negative return on equity of 72.85%. On average, equities analysts forecast that NuScale Power will post -0.73 earnings per share for the current fiscal year.

Insider Activity

In other NuScale Power news, VP Jacqueline F. Engel sold 24,618 shares of the firm's stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $14.52, for a total value of $357,453.36. Following the transaction, the vice president now directly owns 1,149 shares of the company's stock, valued at approximately $16,683.48. This trade represents a 95.54% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Robert Ramsey Hamady sold 31,496 shares of the firm's stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $15.70, for a total transaction of $494,487.20. Following the completion of the transaction, the chief financial officer now directly owns 29,985 shares in the company, valued at approximately $470,764.50. The trade was a 51.23% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 184,392 shares of company stock valued at $3,138,221 over the last three months. 1.27% of the stock is owned by insiders.

Hedge Funds Weigh In On NuScale Power

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Victory Capital Management Inc. boosted its stake in NuScale Power by 6.6% in the fourth quarter. Victory Capital Management Inc. now owns 10,669 shares of the company's stock valued at $191,000 after acquiring an additional 656 shares during the last quarter. Deutsche Bank AG boosted its stake in NuScale Power by 0.9% in the first quarter. Deutsche Bank AG now owns 76,082 shares of the company's stock valued at $1,077,000 after acquiring an additional 686 shares during the last quarter. Farther Finance Advisors LLC boosted its stake in NuScale Power by 6.9% in the first quarter. Farther Finance Advisors LLC now owns 12,902 shares of the company's stock valued at $189,000 after acquiring an additional 833 shares during the last quarter. Amalgamated Bank boosted its stake in NuScale Power by 51.8% in the fourth quarter. Amalgamated Bank now owns 2,889 shares of the company's stock valued at $52,000 after acquiring an additional 986 shares during the last quarter. Finally, Summit Investment Advisors Inc. boosted its stake in NuScale Power by 16.6% in the fourth quarter. Summit Investment Advisors Inc. now owns 8,863 shares of the company's stock valued at $159,000 after acquiring an additional 1,260 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.