NuScale Power (NYSE:SMR) Trading Up 1.1% – Time to Buy?

NuScale Power Corporation (NYSE:SMR)’s share price was up 1.1% during mid-day trading on Friday . The stock traded as high as $7.90 and last traded at $7.7250. Approximately 22,472,814 shares changed hands during mid-day trading, a decline of 26% from the average daily volume of 30,255,563 shares. The stock had previously closed at $7.64.

NuScale Power News Roundup

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

• Neutral Sentiment: NuScale remains part of a broader nuclear-sector rebound narrative, with some analysts arguing that the recent selloff may be more of a reset than a breakdown in the long-term AI-and-power demand thesis. NuScale Power (SMR) news reference
• Negative Sentiment: Investors are increasingly focused on the fact that SMR projects can take years to reach commercialization, and that uncertainty has hit smaller names like NuScale harder than larger, already-profitable nuclear plays. NuScale Power (SMR) news reference
• Negative Sentiment: Recent commentary and market coverage have framed NuScale as highly volatile, with one article highlighting bear-case expectations near current levels and reinforcing concerns about downside if growth milestones are delayed. NuScale SMR Stock: $25 Bull Case, $7 Bear Case

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on SMR shares. Bank of America started coverage on NuScale Power in a research report on Friday, May 22nd. They set a “neutral” rating and a $12.00 price target on the stock. Citigroup lowered their target price on NuScale Power from $9.00 to $7.00 and set a “sell” rating for the company in a research note on Monday, May 11th. Northland Securities set a $19.00 target price on shares of NuScale Power in a report on Monday, May 11th. HSBC started coverage on shares of NuScale Power in a research note on Thursday, April 23rd. They issued a “hold” rating and a $13.00 price target on the stock. Finally, The Goldman Sachs Group set a $9.00 price target on shares of NuScale Power in a report on Friday, May 8th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, nine have issued a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $15.46.

NuScale Power Stock Up 1.1%

The company has a market capitalization of $2.82 billion, a P/E ratio of -2.65 and a beta of 2.24. The business has a fifty day moving average price of $10.57 and a 200 day moving average price of $12.89.

NuScale Power (NYSE:SMR) last posted its quarterly earnings data on Thursday, May 7th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.03). The firm had revenue of $0.56 million for the quarter, compared to the consensus estimate of $7.00 million. NuScale Power had a negative return on equity of 48.88% and a negative net margin of 2,066.55%.The company’s revenue was down 95.8% compared to the same quarter last year. As a group, equities analysts forecast that NuScale Power Corporation will post -0.46 earnings per share for the current year.

Insider Buying and Selling at NuScale Power

In other news, Director Corp Fluor sold 13,500,000 shares of the firm’s stock in a transaction that occurred on Tuesday, April 21st. The shares were sold at an average price of $11.81, for a total transaction of $159,435,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 1.28% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the business. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of NuScale Power by 35.0% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 822,779 shares of the company’s stock valued at $11,659,000 after purchasing an additional 213,329 shares during the period. Swedbank AB lifted its stake in NuScale Power by 36.3% in the 1st quarter. Swedbank AB now owns 1,502,300 shares of the company’s stock valued at $16,285,000 after purchasing an additional 400,240 shares during the last quarter. Caz Investments LP lifted its stake in NuScale Power by 10,000.0% in the 4th quarter. Caz Investments LP now owns 101,000 shares of the company’s stock valued at $1,431,000 after purchasing an additional 100,000 shares during the last quarter. Seven Grand Managers LLC bought a new position in NuScale Power during the fourth quarter worth about $1,771,000. Finally, RPG Investment Advisory LLC bought a new position in NuScale Power during the fourth quarter worth about $10,925,000. Institutional investors and hedge funds own 78.37% of the company’s stock.

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.