NuScale Power (NYSE:SMR) Shares Gap Up – Here’s What Happened

Shares of NuScale Power Co. (NYSE:SMR) gapped up prior to trading on Tuesday . The stock had previously closed at $20.27, but opened at $21.35. NuScale Power shares last traded at $20.10, with a volume of 3,615,163 shares trading hands.

Analyst Ratings Changes

Separately, Craig Hallum increased their target price on NuScale Power from $16.00 to $21.00 and gave the company a “buy” rating in a report on Thursday, October 17th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, NuScale Power currently has an average rating of “Moderate Buy” and an average price target of $11.42.

NuScale Power Stock Up 4.9 %

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 company has a 50 day moving average of $22.65 and a 200 day moving average of $16.59.

NuScale Power (NYSE:SMR) last released its quarterly earnings data on Thursday, November 7th. The company reported ($0.18) EPS for the quarter. The firm had revenue of $0.48 million for the quarter, compared to analyst estimates of $6.18 million. NuScale Power had a negative return on equity of 72.85% and a negative net margin of 1,089.32%. During the same quarter in the previous year, the company earned ($0.26) earnings per share.

Insider Buying and Selling at NuScale Power

In related news, CEO John Lawrence Hopkins sold 664,568 shares of the firm’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $18.04, for a total transaction of $11,988,806.72. Following the completion of the sale, the chief executive officer now directly owns 34,675 shares of the company’s stock, valued at approximately $625,537. This trade represents a 95.04 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Jacqueline F. Engel sold 18,186 shares of the business’s stock in a transaction on Friday, November 29th. The stock was sold at an average price of $29.00, for a total transaction of $527,394.00. Following the completion of the transaction, the vice president now owns 3,801 shares in the company, valued at $110,229. This represents a 82.71 % decrease in their position. The disclosure for this sale can be found here. 1.96% of the stock is currently owned by corporate insiders.

Institutional Trading of NuScale Power

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Toth Financial Advisory Corp increased its position in shares of NuScale Power by 600.0% in the 4th quarter. Toth Financial Advisory Corp now owns 2,100 shares of the company’s stock worth $38,000 after purchasing an additional 1,800 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in NuScale Power in the third quarter valued at about $44,000. US Bancorp DE bought a new position in NuScale Power during the 3rd quarter worth approximately $54,000. CWM LLC grew its position in shares of NuScale Power by 4,593.8% in the 3rd quarter. CWM LLC now owns 5,304 shares of the company’s stock worth $61,000 after acquiring an additional 5,191 shares in the last quarter. Finally, Union Bancaire Privee UBP SA bought a new stake in shares of NuScale Power in the 4th quarter valued at approximately $67,000. 78.37% of the stock is owned by hedge funds and other institutional investors.

About NuScale Power

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.