NuScale Power Corporation (NYSE:SMR) Receives $20.88 Average Price Target from Brokerages

Shares of NuScale Power Corporation (NYSE:SMRGet Free Report) have received an average rating of “Hold” from the seventeen research firms that are presently covering the company, MarketBeat Ratings reports. Three research analysts have rated the stock with a sell recommendation, eight have assigned a hold recommendation, five have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price target among brokers that have covered the stock in the last year is $20.9583.

Several equities analysts recently commented on the stock. Royal Bank Of Canada reduced their target price on shares of NuScale Power from $21.00 to $14.00 and set a “sector perform” rating on the stock in a report on Monday, March 2nd. Northland Securities raised shares of NuScale Power from a “market perform” rating to an “outperform” rating and set a $21.00 target price on the stock in a report on Friday, February 27th. Canaccord Genuity Group reduced their target price on shares of NuScale Power from $60.00 to $25.00 and set a “buy” rating on the stock in a report on Friday, February 27th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of NuScale Power in a report on Friday, March 27th. Finally, UBS Group reduced their target price on shares of NuScale Power from $20.00 to $13.00 and set a “neutral” rating on the stock in a report on Wednesday, March 18th.

View Our Latest Analysis on NuScale Power

Insiders Place Their Bets

In other NuScale Power news, CFO Robert Ramsey Hamady sold 18,570 shares of the firm’s stock in a transaction on Tuesday, March 3rd. The shares were sold at an average price of $12.22, for a total value of $226,925.40. Following the sale, the chief financial officer owned 97,192 shares of the company’s stock, valued at $1,187,686.24. This trade represents a 16.04% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Corp Fluor sold 13,500,000 shares of the firm’s stock in a transaction on Thursday, April 9th. The stock was sold at an average price of $12.07, for a total transaction of $162,945,000.00. Following the completion of the sale, the director directly owned 26,436,472 shares in the company, valued at approximately $319,088,217.04. This trade represents a 33.80% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 14,135,610 shares of company stock worth $171,143,439. 1.20% of the stock is currently owned by insiders.

Institutional Investors Weigh In On NuScale Power

A number of large investors have recently added to or reduced their stakes in SMR. Hsbc Holdings PLC lifted its position in shares of NuScale Power by 349.7% in the 4th quarter. Hsbc Holdings PLC now owns 76,415 shares of the company’s stock worth $1,074,000 after purchasing an additional 59,422 shares during the period. Audent Global Asset Management LLC purchased a new stake in shares of NuScale Power in the 4th quarter worth about $766,000. Caitong International Asset Management Co. Ltd purchased a new stake in shares of NuScale Power in the 4th quarter worth about $3,169,000. Instrumental Wealth LLC purchased a new stake in shares of NuScale Power in the 4th quarter worth about $231,000. Finally, Pacer Advisors Inc. purchased a new stake in shares of NuScale Power in the 4th quarter worth about $1,393,000. Institutional investors own 78.37% of the company’s stock.

Key Headlines Impacting NuScale Power

Here are the key news stories impacting NuScale Power this week:

NuScale Power Price Performance

Shares of NYSE:SMR opened at $11.44 on Friday. The company’s fifty day moving average price is $12.25 and its 200-day moving average price is $21.08. The firm has a market capitalization of $3.87 billion, a price-to-earnings ratio of -3.96 and a beta of 2.27. NuScale Power has a one year low of $8.85 and a one year high of $57.42.

NuScale Power (NYSE:SMRGet Free Report) last released its earnings results on Thursday, February 26th. The company reported ($0.80) EPS for the quarter, missing the consensus estimate of ($0.10) by ($0.70). NuScale Power had a negative net margin of 1,130.26% and a negative return on equity of 55.23%. The business had revenue of $1.81 million for the quarter, compared to the consensus estimate of $8.76 million. As a group, equities research analysts expect that NuScale Power will post -0.73 EPS for the current year.

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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Analyst Recommendations for NuScale Power (NYSE:SMR)

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