NuScale Power Co. (NYSE:SMR) Receives $8.63 Consensus Target Price from Brokerages

Shares of NuScale Power Co. (NYSE:SMR) have been given an average recommendation of “Moderate Buy” by the six ratings firms that are presently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month price target among brokers that have covered the stock in the last year is $8.63.

A number of equities research analysts have issued reports on SMR shares. B. Riley raised their price target on shares of NuScale Power from $8.00 to $14.00 and gave the stock a “buy” rating in a report on Thursday, June 27th. CLSA began coverage on NuScale Power in a research note on Friday, September 13th. They issued an “outperform” rating and a $11.00 target price on the stock.

NuScale Power Stock Up 4.8 %

SMR opened at $9.61 on Friday. NuScale Power has a 12 month low of $1.81 and a 12 month high of $16.91. The company has a current ratio of 2.66, a quick ratio of 2.66 and a debt-to-equity ratio of 0.27. The business’s 50-day moving average price is $9.69 and its 200-day moving average price is $8.11. The company has a market cap of $2.39 billion, a P/E ratio of -11.31 and a beta of 1.22.

NuScale Power (NYSE:SMR) last released its quarterly earnings data on Thursday, August 8th. The company reported ($0.31) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.18). NuScale Power had a negative net margin of 592.28% and a negative return on equity of 61.82%. The company had revenue of $0.97 million for the quarter, compared to analysts’ expectations of $1.43 million. During the same period last year, the company posted ($0.13) EPS. On average, equities analysts expect that NuScale Power will post -0.55 EPS for the current year.

Insider Activity at NuScale Power

In other NuScale Power news, COO Carl M. Fisher sold 12,302 shares of the firm’s stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $8.79, for a total value of $108,134.58. Following the completion of the sale, the chief operating officer now directly owns 30,323 shares in the company, valued at $266,539.17. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, COO Carl M. Fisher sold 12,302 shares of the stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $8.79, for a total value of $108,134.58. Following the completion of the transaction, the chief operating officer now owns 30,323 shares of the company’s stock, valued at approximately $266,539.17. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Robert K. Temple sold 50,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 14th. The shares were sold at an average price of $10.00, for a total value of $500,000.00. Following the completion of the transaction, the insider now owns 19,054 shares of the company’s stock, valued at approximately $190,540. The disclosure for this sale can be found here. Insiders have sold 86,544 shares of company stock worth $809,536 over the last 90 days. 1.96% of the stock is owned by company insiders.

Institutional Trading of NuScale Power

A number of hedge funds have recently modified their holdings of the business. Avantax Advisory Services Inc. bought a new position in shares of NuScale Power in the 1st quarter worth about $58,000. SG Americas Securities LLC lifted its holdings in shares of NuScale Power by 268.3% during the first quarter. SG Americas Securities LLC now owns 53,772 shares of the company’s stock valued at $286,000 after purchasing an additional 39,171 shares during the last quarter. Quadrature Capital Ltd bought a new stake in shares of NuScale Power in the 4th quarter worth approximately $417,000. Van ECK Associates Corp purchased a new stake in shares of NuScale Power in the 2nd quarter worth approximately $7,600,000. Finally, Rheos Capital Works Inc. bought a new position in NuScale Power during the 1st quarter valued at approximately $1,328,000. Institutional investors own 15.28% 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.