NuScale Power (NYSE:SMR) Trading 3.5% Higher – What’s Next?

NuScale Power Corporation (NYSE:SMR) shot up 3.5% during trading on Friday . The company traded as high as $9.65 and last traded at $9.39. Approximately 36,926,893 shares were traded during mid-day trading, an increase of 21% from the average session volume of 30,492,223 shares. The stock had previously closed at $9.07.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on SMR. B. Riley Financial decreased their target price on shares of NuScale Power from $19.00 to $15.00 and set a “buy” rating for the company in a research note on Friday, August 14th. Royal Bank Of Canada dropped their price target on NuScale Power from $14.00 to $10.00 and set a “sector perform” rating on the stock in a research report on Tuesday, August 11th. The Goldman Sachs Group set a $9.00 price objective on NuScale Power in a research note on Friday, May 8th. HSBC assumed coverage on NuScale Power in a research report on Thursday, April 23rd. They set a “hold” rating and a $13.00 price objective for the company. Finally, Citigroup lowered their target price on NuScale Power from $7.50 to $6.50 and set a “sell” rating on the stock in a research note on Thursday, August 6th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, nine have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $13.50.

NuScale Power Stock Performance

The company has a market cap of $4.04 billion, a PE ratio of -3.22 and a beta of 2.26. The stock’s 50-day simple moving average is $9.36 and its 200 day simple moving average is $11.24.

NuScale Power (NYSE:SMR) last issued its earnings results on Wednesday, August 5th. The company reported ($0.13) earnings per share for the quarter, meeting the consensus estimate of ($0.13). NuScale Power had a negative net margin of 3,888.70% and a negative return on equity of 35.59%. The business had revenue of $0.07 million for the quarter, compared to the consensus estimate of $8.80 million. During the same quarter in the previous year, the firm earned ($0.11) earnings per share. The business’s quarterly revenue was down 99.1% compared to the same quarter last year. On average, sell-side analysts predict that NuScale Power Corporation will post -0.64 EPS for the current fiscal year.

Insider Transactions at NuScale Power

In other NuScale Power news, COO Carl M. Fisher sold 18,771 shares of NuScale Power stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $9.36, for a total value of $175,696.56. Following the sale, the chief operating officer owned 114,718 shares of the company’s stock, valued at approximately $1,073,760.48. The trade was a 14.06% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Shinji Fujino sold 20,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $8.86, for a total value of $177,200.00. Following the transaction, the director owned 17,242 shares in the company, valued at $152,764.12. The trade was a 53.70% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 1.28% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Vermillion & White Wealth Management Group LLC boosted its position in shares of NuScale Power by 1,550.9% during the 4th quarter. Vermillion & White Wealth Management Group LLC now owns 1,783 shares of the company’s stock worth $25,000 after purchasing an additional 1,675 shares in the last quarter. Assetmark Inc. boosted its holdings in NuScale Power by 1,940.3% during the first quarter. Assetmark Inc. now owns 2,428 shares of the company’s stock worth $26,000 after buying an additional 2,309 shares in the last quarter. Ameriflex Group Inc. acquired a new position in NuScale Power during the fourth quarter worth about $30,000. Strategic Advocates LLC increased its holdings in NuScale Power by 233.0% in the fourth quarter. Strategic Advocates LLC now owns 2,321 shares of the company’s stock valued at $33,000 after buying an additional 1,624 shares in the last quarter. Finally, Harbour Investments Inc. lifted its position in shares of NuScale Power by 32.4% during the 4th quarter. Harbour Investments Inc. now owns 2,419 shares of the company’s stock valued at $34,000 after acquiring an additional 592 shares during the period. Hedge funds and other institutional investors own 78.37% of the company’s stock.

About NuScale Power

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.