NuScale Power (NYSE:SMR) Shares Up 10.9%

NuScale Power Co. (NYSE:SMR) shares rose 10.9% during mid-day trading on Tuesday . The stock traded as high as $12.50 and last traded at $12.27. Approximately 4,180,905 shares were traded during mid-day trading, a decline of 16% from the average daily volume of 4,951,605 shares. The stock had previously closed at $11.06.

Analyst Ratings Changes

Separately, B. Riley lifted their target price on NuScale Power from $8.00 to $14.00 and gave the company a “buy” rating in a research note on Thursday, June 27th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $8.15.

NuScale Power Stock Up 3.5 %

The firm has a market cap of $2.78 billion, a PE ratio of -14.44 and a beta of 1.24. The stock has a 50 day moving average price of $9.94 and a two-hundred day moving average price of $6.29.

NuScale Power (NYSE:SMR) last issued its quarterly earnings results on Thursday, May 9th. The company reported ($0.21) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.21). NuScale Power had a negative return on equity of 38.66% and a negative net margin of 342.39%. The business had revenue of $1.38 million for the quarter, compared to analyst estimates of $3.15 million. During the same quarter in the previous year, the firm earned ($0.16) earnings per share. As a group, equities analysts anticipate that NuScale Power Co. will post -0.55 earnings per share for the current year.

Insider Buying and Selling

In related news, General Counsel Robert K. Temple sold 23,806 shares of NuScale Power stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $6.07, for a total transaction of $144,502.42. Following the completion of the sale, the general counsel now owns 19,054 shares of the company’s stock, valued at $115,657.78. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other NuScale Power news, General Counsel Robert K. Temple sold 8,873 shares of the business’s stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $6.04, for a total value of $53,592.92. Following the completion of the transaction, the general counsel now directly owns 42,860 shares of the company’s stock, valued at $258,874.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, General Counsel Robert K. Temple sold 23,806 shares of the business’s stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $6.07, for a total value of $144,502.42. Following the completion of the transaction, the general counsel now directly owns 19,054 shares of the company’s stock, valued at $115,657.78. The disclosure for this sale can be found here. Insiders sold 56,131 shares of company stock valued at $339,745 over the last quarter. 1.96% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of SMR. TFC Financial Management Inc. acquired a new position in shares of NuScale Power during the 2nd quarter worth approximately $75,000. Global Retirement Partners LLC acquired a new position in shares of NuScale Power during the 4th quarter worth approximately $25,000. Fortitude Family Office LLC acquired a new position in shares of NuScale Power during the 2nd quarter worth approximately $98,000. Mesirow Financial Investment Management Inc. acquired a new position in shares of NuScale Power during the 1st quarter worth approximately $53,000. Finally, Essex Private Wealth Management LLC acquired a new position in shares of NuScale Power during the 4th quarter worth approximately $33,000. 15.28% of the stock is owned by institutional investors and hedge funds.

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.