NuScale Power Co. (NYSE:SMR) Receives $10.39 Consensus PT from Analysts

NuScale Power Co. (NYSE:SMR) has been assigned an average recommendation of “Moderate Buy” from the seven research firms that are presently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $10.39.

SMR has been the topic of several recent research reports. Craig Hallum upped their price target on shares of NuScale Power from $16.00 to $21.00 and gave the company a “buy” rating in a report on Thursday, October 17th. CLSA initiated 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.

Insider Activity

In other NuScale Power news, insider Robert K. Temple sold 115,866 shares of NuScale Power stock in a transaction dated Wednesday, October 16th. The stock was sold at an average price of $18.20, for a total value of $2,108,761.20. Following the completion of the sale, the insider now owns 14,054 shares in the company, valued at $255,782.80. The trade was a 89.18 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Jacqueline F. Engel sold 18,186 shares of the stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $29.00, for a total transaction of $527,394.00. Following the transaction, the vice president now owns 3,801 shares in the company, valued at approximately $110,229. The trade was a 82.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 202,610 shares of company stock valued at $3,528,780 over the last 90 days. Insiders own 1.96% of the company’s stock.

Institutional Investors Weigh In On NuScale Power

A number of institutional investors have recently bought and sold shares of SMR. Van ECK Associates Corp purchased a new stake in NuScale Power during the second quarter valued at about $7,600,000. Charles Schwab Investment Management Inc. lifted its stake in shares of NuScale Power by 212.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 677,248 shares of the company’s stock valued at $7,843,000 after purchasing an additional 460,487 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of NuScale Power by 21.0% during the 3rd quarter. Geode Capital Management LLC now owns 1,829,843 shares of the company’s stock worth $21,194,000 after purchasing an additional 317,285 shares during the period. TimesSquare Capital Management LLC purchased a new stake in shares of NuScale Power during the 3rd quarter worth about $2,895,000. Finally, State Street Corp increased its position in NuScale Power by 10.2% during the 3rd quarter. State Street Corp now owns 1,674,995 shares of the company’s stock worth $19,396,000 after purchasing an additional 154,368 shares in the last quarter. 78.37% of the stock is currently owned by hedge funds and other institutional investors.

NuScale Power Price Performance

Shares of NYSE SMR opened at $21.01 on Friday. The company has a current ratio of 2.24, a quick ratio of 2.24 and a debt-to-equity ratio of 0.26. The company’s 50-day moving average price is $22.48 and its 200 day moving average price is $14.63. NuScale Power has a 52 week low of $1.88 and a 52 week high of $32.30. The stock has a market cap of $5.37 billion, a price-to-earnings ratio of -22.12 and a beta of 1.33.

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.