NuScale Power (NYSE:SMR) Stock Price Up 10.5% – Should You Buy?

by · The Cerbat Gem

Shares of NuScale Power Corporation (NYSE:SMRGet Free Report) traded up 10.5% during trading on Thursday . The stock traded as high as $12.52 and last traded at $12.5140. 27,420,318 shares were traded during trading, a decline of 4% from the average session volume of 28,671,629 shares. The stock had previously closed at $11.32.

Analyst Ratings Changes

Several analysts have recently commented on the company. Barclays decreased their target price on NuScale Power from $45.00 to $15.00 and set an “equal weight” rating on the stock in a report on Monday, February 23rd. HSBC assumed coverage on NuScale Power in a report on Thursday, April 23rd. They set a “hold” rating and a $13.00 target price on the stock. The Goldman Sachs Group decreased their target price on NuScale Power from $20.00 to $14.00 and set a “neutral” rating on the stock in a report on Monday, March 2nd. Bank of America upgraded NuScale Power from an “underperform” rating to a “neutral” rating and set a $28.00 target price on the stock in a report on Friday, January 9th. Finally, Royal Bank Of Canada decreased their target price on NuScale Power from $21.00 to $14.00 and set a “sector perform” rating on the stock in a report on Monday, March 2nd. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, nine have issued a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $19.77.

Check Out Our Latest Stock Analysis on NuScale Power

NuScale Power Stock Down 2.4%

The firm has a fifty day moving average of $11.66 and a 200-day moving average of $19.23. The firm has a market cap of $4.11 billion, a P/E ratio of -4.21 and a beta of 2.24.

NuScale Power (NYSE:SMRGet Free Report) last posted its quarterly earnings results on Thursday, February 26th. The company reported ($0.80) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.10) by ($0.70). The firm had revenue of $1.81 million during the quarter, compared to the consensus estimate of $8.76 million. NuScale Power had a negative net margin of 1,130.26% and a negative return on equity of 55.23%. Sell-side analysts anticipate that NuScale Power Corporation will post -0.44 EPS for the current year.

Insiders Place Their Bets

In related news, COO Carl M. Fisher sold 22,197 shares of the firm’s stock in a transaction dated Tuesday, March 3rd. The stock was sold at an average price of $12.22, for a total value of $271,247.34. Following the transaction, the chief operating officer owned 140,141 shares in the company, valued at $1,712,523.02. This trade represents a 13.67% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CTO Jose N. Reyes, Jr. sold 25,951 shares of the firm’s stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $12.22, for a total value of $317,121.22. Following the completion of the transaction, the chief technology officer owned 268,081 shares in the company, valued at approximately $3,275,949.82. This represents a 8.83% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 40,572,082 shares of company stock valued at $481,029,608 over the last 90 days. Corporate insiders own 1.20% of the company’s stock.

Hedge Funds Weigh In On NuScale Power

Several hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its stake in NuScale Power by 40.5% in the fourth quarter. Vanguard Group Inc. now owns 15,545,018 shares of the company’s stock valued at $220,273,000 after buying an additional 4,482,254 shares during the period. Van ECK Associates Corp lifted its stake in NuScale Power by 117.8% in the fourth quarter. Van ECK Associates Corp now owns 11,515,561 shares of the company’s stock valued at $163,176,000 after buying an additional 6,227,747 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in NuScale Power by 22.6% in the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,310,961 shares of the company’s stock valued at $263,195,000 after buying an additional 1,346,796 shares during the period. Morgan Stanley lifted its stake in NuScale Power by 81.0% in the fourth quarter. Morgan Stanley now owns 5,277,905 shares of the company’s stock valued at $74,788,000 after buying an additional 2,361,532 shares during the period. Finally, Samsung C&T Corp lifted its stake in NuScale Power by 98.9% in the third quarter. Samsung C&T Corp now owns 5,185,804 shares of the company’s stock valued at $186,689,000 after buying an additional 2,578,702 shares during the period. Institutional investors and hedge funds own 78.37% of the company’s stock.

NuScale Power Company Profile

(Get Free Report)

NuScale Power Corporation, trading on the NYSE American under the ticker SMR, is a pioneering developer of small modular nuclear reactors. Established in 2007 as a spinout from Oregon State University, the company is headquartered in Portland, Oregon. NuScale’s mission is to deliver zero-carbon baseload power through scalable modular reactor technology, aiming to transform traditional nuclear energy deployment.

At the core of NuScale’s offering is the VOYGR small modular reactor design, featuring 77-megawatt electric (MWe) modules with passive safety systems.

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