NuScale Power (NYSE:SMR) Shares Up 2.8% – What’s Next?

NuScale Power Corporation (NYSE:SMR) shares shot up 2.8% during mid-day trading on Thursday . The stock traded as high as $9.79 and last traded at $9.5460. 35,415,107 shares were traded during trading, an increase of 17% from the average session volume of 30,188,396 shares. The stock had previously closed at $9.29.

Analyst Ratings Changes

Several research firms have issued reports on SMR. Barclays decreased their price objective on shares of NuScale Power from $45.00 to $15.00 and set an “equal weight” rating for the company in a research note on Monday, February 23rd. UBS Group decreased their target price on shares of NuScale Power from $20.00 to $13.00 and set a “neutral” rating for the company in a research note on Wednesday, March 18th. Weiss Ratings restated a “sell (d-)” rating on shares of NuScale Power in a research note on Friday, March 27th. Citigroup decreased their target price on shares of NuScale Power from $9.00 to $7.00 and set a “sell” rating for the company in a research note on Monday, May 11th. Finally, Bank of America initiated coverage on shares of NuScale Power in a research note on Friday, May 22nd. They issued a “neutral” rating and a $12.00 target price for the company. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, nine have issued a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, NuScale Power currently has a consensus rating of “Hold” and a consensus price target of $15.92.

NuScale Power Price Performance

The stock has a market capitalization of $3.61 billion, a price-to-earnings ratio of -3.39 and a beta of 2.20. The firm’s fifty day moving average is $11.42 and its 200-day moving average is $14.42.

NuScale Power (NYSE:SMR) last posted its quarterly earnings results on Thursday, May 7th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.11) by ($0.03). The company had revenue of $0.57 million during the quarter, compared to analyst estimates of $7.00 million. NuScale Power had a negative net margin of 2,066.55% and a negative return on equity of 48.88%. The firm’s revenue was down 95.8% compared to the same quarter last year. On average, sell-side analysts expect that NuScale Power Corporation will post -0.46 EPS for the current year.

Insider Transactions at NuScale Power

In related news, Director Corp Fluor sold 13,500,000 shares of the company’s stock in a transaction on Tuesday, April 21st. The shares were sold at an average price of $11.81, for a total value of $159,435,000.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders have sold 39,936,472 shares of company stock valued at $472,831,169 over the last 90 days. Corporate insiders own 1.28% of the company’s stock.

Institutional Trading of NuScale Power

Several institutional investors have recently added to or reduced their stakes in SMR. Strategic Advocates LLC acquired a new stake in shares of NuScale Power during the third quarter worth $25,000. Nemes Rush Group LLC acquired a new stake in shares of NuScale Power during the third quarter worth $25,000. Accredited Wealth Management LLC acquired a new stake in shares of NuScale Power during the third quarter worth $35,000. Triumph Capital Management acquired a new stake in shares of NuScale Power during the third quarter worth $37,000. Finally, Ameritas Advisory Services LLC raised its holdings in shares of NuScale Power by 292.9% during the third quarter. Ameritas Advisory Services LLC now owns 1,100 shares of the company’s stock worth $40,000 after purchasing an additional 820 shares during the period. 78.37% of the stock is owned by institutional investors and hedge funds.

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.