NuScale Power (NYSE:SMR) Stock Price Up 8.1% – Should You Buy?

Shares of NuScale Power Corporation (NYSE:SMR) traded up 8.1% on Tuesday . The stock traded as high as $13.40 and last traded at $13.9510. 41,354,963 shares were traded during trading, an increase of 34% from the average session volume of 30,765,722 shares. The stock had previously closed at $12.9090.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. UBS Group decreased their target price on NuScale Power from $20.00 to $13.00 and set a “neutral” rating for the company in a research note on Wednesday, March 18th. HSBC assumed coverage on NuScale Power in a research note on Thursday, April 23rd. They issued a “hold” rating and a $13.00 price objective for the company. Canaccord Genuity Group cut their price target on NuScale Power from $60.00 to $25.00 and set a “buy” rating for the company in a research note on Friday, February 27th. Barclays cut their price target on 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. Finally, Citigroup lowered their price objective on NuScale Power from $9.00 to $7.00 and set a “sell” rating on the stock in a report on Monday, May 11th. One 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 given a Sell rating to the stock. According to MarketBeat.com, NuScale Power has a consensus rating of “Hold” and a consensus target price of $15.92.

NuScale Power Trading Up 8.2%

The company has a market cap of $5.10 billion, a price-to-earnings ratio of -4.78 and a beta of 2.20. The company has a fifty day moving average price of $11.43 and a two-hundred day moving average price of $15.05.

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

Insider Activity at NuScale Power

In related news, Director Corp Fluor sold 13,500,000 shares of the firm’s stock in a transaction that occurred 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 transaction, the director owned 26,436,472 shares in the company, valued at $319,088,217.04. This trade represents a 33.80% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In the last ninety days, insiders sold 39,936,472 shares of company stock worth $472,831,169. 1.28% of the stock is owned by company insiders.

Institutional Investors Weigh In On NuScale Power

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. raised 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 acquiring an additional 4,482,254 shares during the last quarter. Van ECK Associates Corp grew its stake in 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 acquiring an additional 6,227,747 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in NuScale Power by 22.6% in the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,310,961 shares of the company’s stock valued at $263,195,000 after acquiring an additional 1,346,796 shares during the period. Renaissance Technologies LLC acquired a new position in shares of NuScale Power during the first quarter worth about $59,141,000. Finally, Morgan Stanley boosted its position in shares of NuScale Power by 81.0% during the fourth quarter. Morgan Stanley now owns 5,277,905 shares of the company’s stock worth $74,788,000 after buying an additional 2,361,532 shares during the period. 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.