NuScale Power Corporation (NYSE:SMR – Get Free Report) reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $8.73 and last traded at $8.7550, with a volume of 10143553 shares changing hands. The stock had previously closed at $9.61.
Wall Street Analysts Forecast Growth
SMR has been the subject of several recent analyst reports. Bank of America started coverage on shares of NuScale Power in a report on Friday, May 22nd. They issued a “neutral” rating and a $12.00 target price for the company. Weiss Ratings restated a “sell (d-)” rating on shares of NuScale Power in a report on Wednesday, June 24th. The Goldman Sachs Group set a $9.00 price objective on shares of NuScale Power in a research note on Friday, May 8th. HSBC initiated coverage on NuScale Power in a research report on Thursday, April 23rd. They issued a “hold” rating and a $13.00 target price on the stock. Finally, UBS Group decreased their target price on shares of NuScale Power from $20.00 to $13.00 and set a “neutral” rating for the company in a research report on Wednesday, March 18th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, eight have given a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $15.92.
Read Our Latest Analysis on NuScale Power
NuScale Power Stock Down 1.9%
NuScale Power (NYSE:SMR – Get Free Report) last issued its quarterly earnings data 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). NuScale Power had a negative net margin of 2,066.55% and a negative return on equity of 48.88%. The company had revenue of $0.56 million for the quarter, compared to the consensus estimate of $7.00 million. NuScale Power’s revenue was down 95.8% compared to the same quarter last year. On average, sell-side analysts forecast that NuScale Power Corporation will post -0.46 earnings per share for the current year.
Insider Buying and Selling
In other NuScale Power news, Director Corp Fluor sold 13,500,000 shares of the business’s stock in a transaction dated Tuesday, April 21st. The shares were sold at an average price of $11.81, for a total value of $159,435,000.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.28% of the stock is currently owned by company insiders.
Institutional Inflows and Outflows
A number of institutional investors have recently modified their holdings of SMR. Strategic Advocates LLC bought a new stake in NuScale Power during the 3rd quarter worth approximately $25,000. Nemes Rush Group LLC acquired a new position in NuScale Power in the third quarter worth $25,000. Triumph Capital Management acquired a new position in NuScale Power in the third quarter worth $37,000. EverSource Wealth Advisors LLC grew its holdings in shares of NuScale Power by 187.6% during the second quarter. EverSource Wealth Advisors LLC now owns 1,694 shares of the company’s stock worth $67,000 after purchasing an additional 1,105 shares during the last quarter. Finally, Ancora Advisors LLC grew its holdings in shares of NuScale Power by 177,500.0% during the third quarter. Ancora Advisors LLC now owns 1,776 shares of the company’s stock worth $64,000 after purchasing an additional 1,775 shares during the last quarter. 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.
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