NuScale Power Co. (NYSE:SMR) Given Consensus Recommendation of “Moderate Buy” by Analysts

NuScale Power Co. (NYSE:SMR) has earned an average recommendation of “Moderate Buy” from the seven brokerages that are covering the firm, MarketBeat reports. One analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and five have given a buy recommendation to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $10.39.

Several brokerages recently commented on SMR. CLSA started coverage on NuScale Power in a research report on Friday, September 13th. They issued an “outperform” rating and a $11.00 target price for the company. Craig Hallum lifted their target price on shares of NuScale Power from $16.00 to $21.00 and gave the company a “buy” rating in a research report on Thursday, October 17th.

Insider Activity

In other NuScale Power news, insider Robert K. Temple sold 5,000 shares of NuScale Power stock in a transaction on Friday, September 13th. The stock was sold at an average price of $9.57, for a total value of $47,850.00. Following the completion of the transaction, the insider now owns 14,054 shares in the company, valued at approximately $134,496.78. The trade was a 26.24 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In the last quarter, insiders have sold 409,051 shares of company stock worth $5,525,671. Corporate insiders own 1.96% of the company’s stock.

Institutional Trading of NuScale Power

A number of hedge funds and other institutional investors have recently made changes to their positions in SMR. Catalina Capital Group LLC grew its holdings in NuScale Power by 6.8% during the 3rd quarter. Catalina Capital Group LLC now owns 12,638 shares of the company’s stock worth $146,000 after acquiring an additional 809 shares during the last quarter. HighTower Advisors LLC lifted its position in shares of NuScale Power by 7.3% during the third quarter. HighTower Advisors LLC now owns 12,108 shares of the company’s stock worth $140,000 after purchasing an additional 820 shares in the last quarter. Indie Asset Partners LLC grew its stake in shares of NuScale Power by 7.1% during the third quarter. Indie Asset Partners LLC now owns 18,800 shares of the company’s stock valued at $218,000 after purchasing an additional 1,250 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in shares of NuScale Power in the third quarter valued at approximately $44,000. Finally, Price T Rowe Associates Inc. MD raised its position in NuScale Power by 25.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 19,729 shares of the company’s stock worth $106,000 after purchasing an additional 4,014 shares during the last quarter. 15.28% of the stock is currently owned by institutional investors and hedge funds.

NuScale Power Price Performance

Shares of SMR stock opened at $29.65 on Wednesday. NuScale Power has a 12 month low of $1.88 and a 12 month high of $32.30. The company has a market capitalization of $7.57 billion, a P/E ratio of -31.21 and a beta of 1.12. The stock has a 50 day moving average of $19.23 and a two-hundred day moving average of $12.92. The company has a current ratio of 2.24, a quick ratio of 2.24 and a debt-to-equity ratio of 0.26.

NuScale Power Company Profile

NuScale Power Corporation engages in the development and sale of modular light water reactor nuclear power plants to supply energy for electrical generation, district heating, desalination, hydrogen production, and other process heat applications. It offers NuScale Power Module (NPM), a water reactor that can generate 77 megawatts of electricity (MWe); and VOYGR power plant designs for three facility sizes that are capable of housing from one to four and six or twelve NPMs.