NuScale Power (NYSE:SMR) Trading Up 6.7% Following Analyst Upgrade
by Doug Wharley · The Cerbat GemNuScale Power Corporation (NYSE:SMR – Get Free Report) traded up 6.7% on Wednesday after Texas Capital upgraded the stock to a strong-buy rating. The company traded as high as $20.93 and last traded at $20.4940. 29,133,997 shares traded hands during mid-day trading, a decline of 12% from the average session volume of 33,037,680 shares. The stock had previously closed at $19.20.
Several other analysts also recently commented on the stock. Cantor Fitzgerald initiated coverage on shares of NuScale Power in a research report on Tuesday, October 21st. They set an “overweight” rating and a $55.00 price objective for the company. Barclays began coverage on NuScale Power in a research note on Monday, September 29th. They set an “equal weight” rating and a $45.00 price target for the company. Bank of America raised shares of NuScale Power from an “underperform” rating to a “neutral” rating and set a $28.00 price objective on the stock in a report on Friday, January 9th. Zacks Research downgraded NuScale Power from a “hold” rating to a “strong sell” rating in a research note on Tuesday, January 20th. Finally, B. Riley cut their price target on shares of NuScale Power from $38.00 to $24.00 and set a “buy” rating on the stock in a report on Monday, December 22nd. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, seven have assigned a Hold rating and four have issued a Sell rating to the stock. According to MarketBeat.com, NuScale Power has a consensus rating of “Hold” and an average target price of $33.42.
Insider Activity at NuScale Power
In other news, CFO Robert Ramsey Hamady sold 40,000 shares of the business’s stock in a transaction dated Monday, December 8th. The stock was sold at an average price of $22.17, for a total transaction of $886,800.00. Following the completion of the transaction, the chief financial officer owned 46,283 shares of the company’s stock, valued at approximately $1,026,094.11. The trade was a 46.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 1.20% of the company’s stock.
NuScale Power News Summary
Here are the key news stories impacting NuScale Power this week:
- Positive Sentiment: Texas Capital upgraded NuScale to a “strong-buy,” providing some analyst support that may attract buyers. Article Title
- Negative Sentiment: A securities investigation has been launched by Robbins Geller Rudman & Dowd into potential violations involving NuScale, which typically raises legal and disclosure risk and can prompt selling pressure. Article Title
- Negative Sentiment: An analyst trimmed NuScale’s price target by $11, signaling reduced expectations for the stock and likely contributing to downward pressure. Article Title
- Negative Sentiment: Unusually large put-option activity was recorded (145,933 puts, ~36% above typical put volume), indicating elevated bearish bets or hedging demand that can amplify near-term volatility and downside pressure.
Hedge Funds Weigh In On NuScale Power
Hedge funds and other institutional investors have recently modified their holdings of the company. Private Wealth Partners LLC increased its position in shares of NuScale Power by 39.4% during the second quarter. Private Wealth Partners LLC now owns 23,000 shares of the company’s stock valued at $910,000 after buying an additional 6,500 shares during the period. Intech Investment Management LLC grew its holdings in shares of NuScale Power by 72.3% during the 2nd quarter. Intech Investment Management LLC now owns 91,362 shares of the company’s stock worth $3,614,000 after acquiring an additional 38,347 shares during the period. Truist Financial Corp raised its position in shares of NuScale Power by 23.3% in the 2nd quarter. Truist Financial Corp now owns 47,645 shares of the company’s stock worth $1,885,000 after acquiring an additional 9,016 shares in the last quarter. Black Swift Group LLC purchased a new position in shares of NuScale Power in the 2nd quarter valued at approximately $585,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH boosted its position in shares of NuScale Power by 686.9% during the third quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 184,609 shares of the company’s stock valued at $6,646,000 after purchasing an additional 161,149 shares in the last quarter. 78.37% of the stock is owned by institutional investors.
NuScale Power Price Performance
The company has a market capitalization of $5.22 billion, a PE ratio of -6.11 and a beta of 2.12. The company has a 50 day moving average of $18.49 and a two-hundred day moving average of $31.51.
NuScale Power (NYSE:SMR – Get Free Report) last announced its earnings results on Thursday, November 6th. The company reported ($1.85) EPS for the quarter, missing analysts’ consensus estimates of ($0.11) by ($1.74). The business had revenue of $8.24 million for the quarter, compared to the consensus estimate of $11.29 million. NuScale Power had a negative net margin of 594.63% and a negative return on equity of 51.27%. The business’s quarterly revenue was up 1635.2% on a year-over-year basis. During the same quarter last year, the firm posted ($0.18) EPS. On average, equities analysts anticipate that NuScale Power Corporation will post -0.73 EPS for the current year.
NuScale Power Company Profile
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.