NuScale Power Corporation (NYSE:SMR – Get Free Report) has been assigned an average recommendation of “Hold” from the eighteen research firms that are currently covering the company, Marketbeat.com reports. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $19.0769.
Several research firms have recently commented on SMR. Texas Capital raised NuScale Power to a “strong-buy” rating in a research report on Tuesday, January 27th. Northland Securities set a $19.00 price target on NuScale Power in a report on Monday. Canaccord Genuity Group reduced 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. HSBC started coverage on NuScale Power in a report on Thursday, April 23rd. They issued a “hold” rating and a $13.00 price objective on the stock. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of NuScale Power in a report on Friday, March 27th.
Check Out Our Latest Report on SMR
NuScale Power Price Performance
NuScale Power (NYSE:SMR – Get Free Report) last announced its earnings results on Thursday, May 7th. The company reported ($0.14) EPS 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 company had revenue of $0.57 million for the quarter, compared to the consensus estimate of $7.00 million. The firm’s revenue for the quarter was down 95.8% on a year-over-year basis. Analysts predict that NuScale Power will post -0.44 earnings per share for the current fiscal year.
NuScale Power News Summary
Here are the key news stories impacting NuScale Power this week:
- Positive Sentiment: Industry-wide news continues to support the nuclear trade, including stronger U.S. nuclear investment, more partnerships to speed reactor deployment, and improving public sentiment toward nuclear energy, which can lift NuScale Power as a leading SMR name.
- Positive Sentiment: Recent articles highlighted NuScale as a potential long-term growth story, reinforcing the idea that the company could benefit if commercial adoption of small modular reactors accelerates.
- Neutral Sentiment: Analysts have lowered expectations for NuScale Power after its latest results, suggesting the market is still adjusting to slower-than-hoped near-term fundamentals.
- Negative Sentiment: Citigroup cut its price target on NuScale Power from $9 to $7 and reiterated a sell rating, a negative signal that may pressure sentiment despite the recent share strength.
Insider Buying and Selling at NuScale Power
In other NuScale Power news, CTO Jose N. Reyes, Jr. sold 25,951 shares of the stock in a transaction that occurred on Monday, March 2nd. The shares were sold at an average price of $12.22, for a total transaction of $317,121.22. Following the transaction, the chief technology officer owned 268,081 shares in the company, valued at $3,275,949.82. This represents a 8.83% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, 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 transaction, the director directly owned 26,436,472 shares in the company, valued at $319,088,217.04. This represents a 33.80% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 40,572,082 shares of company stock valued at $481,029,608 in the last quarter. Company insiders own 1.28% of the company’s stock.
Institutional Investors Weigh In On NuScale Power
Several institutional investors have recently made changes to their positions in SMR. Royal Bank of Canada increased its stake in NuScale Power by 623.4% during the 1st quarter. Royal Bank of Canada now owns 457,276 shares of the company’s stock worth $6,475,000 after acquiring an additional 394,065 shares during the period. AQR Capital Management LLC grew its holdings in shares of NuScale Power by 37.4% during the 1st quarter. AQR Capital Management LLC now owns 37,614 shares of the company’s stock worth $533,000 after purchasing an additional 10,244 shares in the last quarter. Integrated Wealth Concepts LLC acquired a new stake in shares of NuScale Power during the 1st quarter worth $390,000. Jones Financial Companies Lllp increased its position in shares of NuScale Power by 9.1% in the first quarter. Jones Financial Companies Lllp now owns 16,793 shares of the company’s stock worth $238,000 after purchasing an additional 1,394 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in NuScale Power by 1,220.7% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,845,116 shares of the company’s stock valued at $26,127,000 after purchasing an additional 1,705,411 shares in the last quarter. 78.37% of the stock is currently owned by institutional investors.
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.
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