NuScale Power (NYSE:SMR) Shares Up 1.6% – Should You Buy?

NuScale Power Corporation (NYSE:SMR)’s share price shot up 1.6% during mid-day trading on Monday . The company traded as high as $10.52 and last traded at $10.2650. Approximately 20,577,958 shares traded hands during mid-day trading, a decline of 33% from the average daily volume of 30,784,131 shares. The stock had previously closed at $10.10.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. Weiss Ratings restated a “sell (d-)” rating on shares of NuScale Power in a research note on Wednesday, June 24th. The Goldman Sachs Group set a $9.00 target price on NuScale Power in a report on Friday, May 8th. B. Riley Financial decreased their price target on NuScale Power from $24.00 to $19.00 and set a “buy” rating for the company in a research note on Friday, April 24th. UBS Group lowered their price objective on NuScale Power from $20.00 to $13.00 and set a “neutral” rating for the company in a research report on Wednesday, March 18th. Finally, Bank of America assumed coverage on shares of NuScale Power in a research report on Friday, May 22nd. They set 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 given a Buy rating, eight have assigned 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 a consensus price target of $15.92.

NuScale Power Stock Performance

The company has a market capitalization of $3.71 billion, a price-to-earnings ratio of -3.47 and a beta of 2.20. The company has a 50 day moving average price of $11.49 and a 200 day moving average price of $13.58.

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

Insider Buying and Selling at NuScale Power

In related news, Director Corp Fluor sold 13,500,000 shares of NuScale Power 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 transaction, the director owned 26,436,472 shares of the company’s stock, valued at $319,088,217.04. The trade was a 33.80% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders sold a total of 39,936,472 shares of company stock valued at $472,831,169 in the last 90 days. 1.28% of the stock is owned by company insiders.

Institutional Trading of NuScale Power

Several institutional investors and hedge funds have recently made changes to their positions in SMR. Nemes Rush Group LLC bought a new position in shares of NuScale Power in the third quarter valued at approximately $25,000. Strategic Advocates LLC bought a new stake in NuScale Power in the third quarter worth about $25,000. Vermillion & White Wealth Management Group LLC lifted its stake in NuScale Power by 1,550.9% in the fourth quarter. Vermillion & White Wealth Management Group LLC now owns 1,783 shares of the company’s stock valued at $25,000 after purchasing an additional 1,675 shares during the last quarter. Assetmark Inc. lifted its stake in NuScale Power by 1,940.3% in the first quarter. Assetmark Inc. now owns 2,428 shares of the company’s stock valued at $26,000 after purchasing an additional 2,309 shares during the last quarter. Finally, Ameriflex Group Inc. bought a new stake in shares of NuScale Power in the fourth quarter valued at $30,000. Hedge funds and other institutional investors 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.