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

Shares of NuScale Power Co. (NYSE:SMR) have earned a consensus recommendation of “Moderate Buy” from the seven research firms that are currently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, one has issued a hold rating and five have given a buy rating to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $10.39.

A number of research firms have weighed in on SMR. CLSA initiated coverage on NuScale Power in a research report on Friday, September 13th. They set an “outperform” rating and a $11.00 price target for the company. Craig Hallum increased their target price on shares of NuScale Power from $16.00 to $21.00 and gave the stock a “buy” rating in a report on Thursday, October 17th.

NuScale Power Stock Down 6.1 %

SMR stock opened at $26.34 on Wednesday. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.24 and a quick ratio of 2.24. The stock has a market capitalization of $6.73 billion, a P/E ratio of -27.73 and a beta of 1.12. NuScale Power has a fifty-two week low of $1.88 and a fifty-two week high of $31.97. The business has a 50-day moving average of $17.76 and a 200-day moving average of $12.36.

Insider Transactions at NuScale Power

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

Hedge Funds Weigh In On NuScale Power

Several large investors have recently modified their holdings of SMR. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in NuScale Power in the 3rd quarter valued at about $44,000. US Bancorp DE bought a new position in shares of NuScale Power during the third quarter worth approximately $54,000. CWM LLC lifted its holdings in NuScale Power by 4,593.8% during the 3rd quarter. CWM LLC now owns 5,304 shares of the company’s stock worth $61,000 after purchasing an additional 5,191 shares during the last quarter. International Assets Investment Management LLC bought a new stake in NuScale Power in the 2nd quarter valued at $64,000. Finally, TFC Financial Management Inc. acquired a new position in NuScale Power in the 2nd quarter valued at $75,000. 15.28% of the stock is owned by institutional investors.

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.