NuScale Power Co. (NYSE:SMR - Free Report ) - B. Riley issued their Q1 2024 earnings per share (EPS) estimates for shares of NuScale Power in a research note issued on Tuesday, April 30th. B. Riley analyst R. Pfingst anticipates that the company will post earnings of ($0.21) per share for the quarter. The consensus estimate for NuScale Power's current full-year earnings is ($0.41) per share. B. Riley also issued estimates for NuScale Power's Q2 2024 earnings at ($0.16) EPS, Q3 2024 earnings at ($0.14) EPS and Q4 2024 earnings at ($0.13) EPS.
Get NuScale Power alerts:
Sign Up
Other research analysts have also issued research reports about the stock. Canaccord Genuity Group lifted their price objective on shares of NuScale Power from $4.25 to $8.00 and gave the stock a "buy" rating in a research note on Monday, March 18th. Canaccord Genuity Group initiated coverage on shares of NuScale Power in a research note on Monday, January 29th. They issued a "buy" rating and a $4.25 price target on the stock. UBS Group lifted their price target on shares of NuScale Power from $2.00 to $10.00 and gave the company a "neutral" rating in a research note on Tuesday, March 19th. Finally, Wells Fargo & Company reaffirmed an "underweight" rating and issued a $4.50 price target (down previously from $7.50) on shares of NuScale Power in a research note on Tuesday, March 19th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company. According to MarketBeat, NuScale Power has an average rating of "Hold" and an average target price of $7.75.
Get Our Latest Stock Report on NuScale Power
NuScale Power Stock Down 0.9 % NuScale Power stock traded down $0.05 during midday trading on Wednesday, hitting $5.75. 1,907,161 shares of the stock were exchanged, compared to its average volume of 4,191,800. The company has a fifty day simple moving average of $5.13 and a two-hundred day simple moving average of $3.74. NuScale Power has a 52 week low of $1.81 and a 52 week high of $11.21. The stock has a market capitalization of $1.35 billion, a PE ratio of -7.19 and a beta of 1.06.
NuScale Power (NYSE:SMR - Get Free Report ) last released its quarterly earnings data on Thursday, March 14th. The company reported ($0.25) earnings per share for the quarter, missing the consensus estimate of ($0.22) by ($0.03). NuScale Power had a negative return on equity of 29.93% and a negative net margin of 255.86%. The firm had revenue of $4.56 million for the quarter, compared to the consensus estimate of $1.75 million.
Insider Activity In other news, CEO John Lawrence Hopkins sold 59,768 shares of NuScale Power stock in a transaction that occurred on Friday, March 22nd. The shares were sold at an average price of $4.20, for a total value of $251,025.60. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website . 1.96% of the stock is owned by corporate insiders.
Institutional Trading of NuScale Power A number of hedge funds and other institutional investors have recently made changes to their positions in SMR. Global Retirement Partners LLC acquired a new position in NuScale Power during the fourth quarter worth $25,000. Essex Private Wealth Management LLC acquired a new position in NuScale Power during the fourth quarter worth $33,000. Sloy Dahl & Holst LLC acquired a new position in NuScale Power during the fourth quarter worth $33,000. Arizona State Retirement System acquired a new position in NuScale Power during the fourth quarter worth $34,000. Finally, Raymond James Financial Services Advisors Inc. acquired a new position in NuScale Power during the fourth quarter worth $36,000. 15.28% of the stock is currently owned by institutional investors and hedge funds.
About NuScale Power (
Get Free Report )
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.
See Also Before you consider NuScale Power, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and NuScale Power wasn't on the list.
While NuScale Power currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
As the AI market heats up, investors who have a vision for artificial intelligence have the potential to see real returns. Learn about the industry as a whole as well as seven companies that are getting work done with the power of AI.
Get This Free Report
