NuScale Power (NYSE:SMR) Trading 2.4% Higher – Should You Buy?

NuScale Power Corporation (NYSE:SMR)’s share price was up 2.4% during mid-day trading on Monday . The company traded as high as $12.10 and last traded at $11.7090. Approximately 18,046,745 shares traded hands during mid-day trading, a decline of 32% from the average daily volume of 26,425,887 shares. The stock had previously closed at $11.44.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. The Goldman Sachs Group lowered their price objective on NuScale Power from $20.00 to $14.00 and set a “neutral” rating for the company in a report on Monday, March 2nd. Canaccord Genuity Group decreased their target price on NuScale Power from $60.00 to $25.00 and set a “buy” rating for the company in a research report on Friday, February 27th. Weiss Ratings reiterated a “sell (d-)” rating on shares of NuScale Power in a report on Monday, December 29th. B. Riley Financial dropped their price target on NuScale Power from $38.00 to $24.00 and set a “buy” rating on the stock in a research report on Monday, December 22nd. Finally, Barclays reduced their price objective on NuScale Power from $45.00 to $15.00 and set an “equal weight” rating on the stock in a research note on Monday, February 23rd. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, eight have issued a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, NuScale Power presently has a consensus rating of “Hold” and an average target price of $20.88.

NuScale Power Stock Up 2.4%

The firm’s 50 day moving average is $15.42 and its two-hundred day moving average is $24.52. The stock has a market cap of $3.96 billion, a price-to-earnings ratio of -4.05 and a beta of 2.20.

NuScale Power (NYSE:SMR) last issued its earnings results on Thursday, February 26th. The company reported ($0.80) EPS for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.70). The company had revenue of $1.81 million during the quarter, compared to analyst estimates of $8.76 million. NuScale Power had a negative net margin of 1,130.26% and a negative return on equity of 55.23%. On average, analysts anticipate that NuScale Power Corporation will post -0.73 EPS for the current fiscal year.

Insider Buying and Selling at NuScale Power

In related news, COO Carl M. Fisher sold 22,197 shares of the company’s stock in a transaction on Tuesday, March 3rd. The stock was sold at an average price of $12.22, for a total transaction of $271,247.34. Following the completion of the transaction, the chief operating officer directly owned 140,141 shares in the company, valued at $1,712,523.02. This represents a 13.67% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Corp Fluor sold 463,747 shares of the stock in a transaction on Thursday, February 26th. The stock was sold at an average price of $13.15, for a total value of $6,098,273.05. Following the completion of the sale, the director directly owned 39,936,472 shares in the company, valued at $525,164,606.80. This represents a 1.15% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 635,610 shares of company stock worth $8,198,439. 1.20% of the stock is owned by company insiders.

Institutional Trading of NuScale Power

Hedge funds have recently bought and sold shares of the company. Van ECK Associates Corp increased its stake in shares of 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 purchasing an additional 6,227,747 shares during the period. Vanguard Group Inc. boosted its position in shares of NuScale Power by 40.5% during the fourth quarter. Vanguard Group Inc. now owns 15,545,018 shares of the company’s stock worth $220,273,000 after buying an additional 4,482,254 shares during the period. Clear Street Group Inc. acquired a new position in shares of NuScale Power during the third quarter worth approximately $155,616,000. Voloridge Investment Management LLC bought a new position in NuScale Power in the 4th quarter worth approximately $48,993,000. Finally, Samsung C&T Corp grew its holdings in NuScale Power by 98.9% in the 3rd quarter. Samsung C&T Corp now owns 5,185,804 shares of the company’s stock worth $186,689,000 after buying an additional 2,578,702 shares in the last quarter. 78.37% of the stock is currently owned by institutional investors.

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.