NuScale Power Corporation (NYSE:SMR) Given Consensus Recommendation of “Hold” by Brokerages

NuScale Power Corporation (NYSE:SMRGet Free Report) has been assigned a consensus recommendation of “Hold” from the seventeen ratings firms that are presently covering the stock, MarketBeat.com reports. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating, four have given a buy rating and one has issued a strong buy rating on the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $15.9167.

A number of research analysts recently issued reports on the company. TD Cowen downgraded NuScale Power from a “buy” rating to a “hold” rating in a research note on Wednesday, February 11th. The Goldman Sachs Group set a $9.00 price target on NuScale Power in a research note on Friday, May 8th. Zacks Research upgraded NuScale Power from a “strong sell” rating to a “hold” rating in a research note on Friday, February 20th. Bank of America assumed coverage on NuScale Power in a research note on Friday, May 22nd. They set a “neutral” rating and a $12.00 price target on the stock. Finally, Royal Bank Of Canada dropped their price target on NuScale Power from $21.00 to $14.00 and set a “sector perform” rating on the stock in a research note on Monday, March 2nd.

Get Our Latest Stock Analysis on NuScale Power

Key NuScale Power News

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

NuScale Power Stock Performance

SMR opened at $10.47 on Friday. The business’s 50-day simple moving average is $11.48 and its 200-day simple moving average is $14.78. The company has a market cap of $3.83 billion, a P/E ratio of -3.59 and a beta of 2.20. NuScale Power has a one year low of $8.85 and a one year high of $57.42.

NuScale Power (NYSE:SMRGet Free Report) last released its quarterly earnings results 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 $0.57 million for the quarter, compared to analysts’ expectations 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 business’s revenue was down 95.8% on a year-over-year basis. As a group, analysts predict that NuScale Power will post -0.46 earnings per share for the current fiscal year.

Insider Transactions 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 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 SEC, which is available through the SEC website. In the last quarter, insiders sold 39,936,472 shares of company stock worth $472,831,169. Company insiders own 1.28% of the company’s stock.

Hedge Funds Weigh In On NuScale Power

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Nemes Rush Group LLC purchased a new position in NuScale Power during the third quarter worth $25,000. Strategic Advocates LLC purchased a new position in NuScale Power during the third quarter worth $25,000. Vermillion & White Wealth Management Group LLC increased its position in NuScale Power by 1,550.9% during the fourth quarter. Vermillion & White Wealth Management Group LLC now owns 1,783 shares of the company’s stock worth $25,000 after buying an additional 1,675 shares in the last quarter. Assetmark Inc. increased its position 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. Finally, Ameriflex Group Inc. purchased a new position in NuScale Power during the fourth quarter worth $30,000. 78.37% of the stock is owned by institutional investors and hedge funds.

About NuScale Power

(Get Free Report)

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.

See Also

Analyst Recommendations for NuScale Power (NYSE:SMR)

Receive News & Ratings for NuScale Power Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NuScale Power and related companies with MarketBeat.com's FREE daily email newsletter.