NuScale Power Target of Unusually Large Options Trading (NYSE:SMR)

NuScale Power Co. (NYSE:SMR - Get Free Report) was the recipient of unusually large options trading activity on Monday. Investors acquired 32,824 call options on the stock. This is an increase of 26% compared to the average volume of 25,958 call options.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. UBS Group upped their target price on shares of NuScale Power from $17.00 to $34.00 and gave the stock a "neutral" rating in a research report on Thursday, May 29th. The Goldman Sachs Group set a $24.00 price target on NuScale Power and gave the stock a "neutral" rating in a research note on Tuesday, May 20th. CLSA set a $41.00 price objective on NuScale Power and gave the company an "outperform" rating in a research note on Tuesday, May 27th. BTIG Research reiterated a "buy" rating on shares of NuScale Power in a research report on Tuesday, May 13th. Finally, Canaccord Genuity Group set a $35.00 target price on NuScale Power and gave the company a "buy" rating in a report on Thursday, May 29th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $27.00.

Insider Buying and Selling

In other NuScale Power news, CTO Jose N. Reyes, Jr. sold 33,000 shares of NuScale Power stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $15.13, for a total transaction of $499,290.00. Following the completion of the sale, the chief technology officer now directly owns 516,207 shares of the company's stock, valued at $7,810,211.91. The trade was a 6.01% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO John Lawrence Hopkins sold 34,675 shares of the business's stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $17.00, for a total value of $589,475.00. Following the completion of the sale, the chief executive officer now directly owns 49,019 shares of the company's stock, valued at $833,323. The trade was a 41.43% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 128,278 shares of company stock valued at $2,286,280 in the last ninety days. Company insiders own 1.27% of the company's stock.

Institutional Trading of NuScale Power

A number of institutional investors and hedge funds have recently made changes to their positions in SMR. Victory Capital Management Inc. increased its stake in NuScale Power by 6.6% during the fourth quarter. Victory Capital Management Inc. now owns 10,669 shares of the company's stock worth $191,000 after acquiring an additional 656 shares during the last quarter. Deutsche Bank AG increased its position in NuScale Power by 0.9% during the 1st quarter. Deutsche Bank AG now owns 76,082 shares of the company's stock worth $1,077,000 after purchasing an additional 686 shares in the last quarter. Farther Finance Advisors LLC raised its holdings 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 buying an additional 833 shares during the period. Amalgamated Bank lifted its position in NuScale Power by 51.8% during the fourth quarter. Amalgamated Bank now owns 2,889 shares of the company's stock valued at $52,000 after buying an additional 986 shares in the last quarter. Finally, Summit Investment Advisors Inc. grew its stake in NuScale Power by 16.6% during the fourth quarter. Summit Investment Advisors Inc. now owns 8,863 shares of the company's stock worth $159,000 after buying an additional 1,260 shares during the period. 78.37% of the stock is currently owned by institutional investors and hedge funds.

NuScale Power Trading Up 9.3%

NYSE:SMR traded up $3.61 during mid-day trading on Monday, reaching $42.43. The company's stock had a trading volume of 12,355,066 shares, compared to its average volume of 11,004,827. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.24 and a quick ratio of 2.24. The stock has a market cap of $12.07 billion, a P/E ratio of -44.67 and a beta of 2.00. The company's fifty day simple moving average is $23.10 and its two-hundred day simple moving average is $21.28. NuScale Power has a twelve month low of $6.88 and a twelve month high of $45.31.

NuScale Power (NYSE:SMR - Get Free Report) last released its earnings results on Monday, May 12th. The company reported ($0.11) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.17) by $0.06. The firm had revenue of $13.38 million during the quarter, compared to the consensus estimate 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 predict that NuScale Power will post -0.73 EPS for the current year.

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.

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