Analysts Set NuScale Power Co. (NYSE:SMR) Target Price at $10.39

Shares of NuScale Power Co. (NYSE:SMR) have been assigned an average recommendation of “Moderate Buy” from the seven analysts that are presently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and five have issued a buy recommendation on the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $10.39.

Separately, Craig Hallum boosted their price target on shares of NuScale Power from $16.00 to $21.00 and gave the stock a “buy” rating in a research report on Thursday, October 17th.

NuScale Power Trading Up 8.5 %

Shares of NuScale Power stock opened at $22.01 on Thursday. The company has a quick ratio of 2.24, a current ratio of 2.24 and a debt-to-equity ratio of 0.26. The firm has a market cap of $5.62 billion, a price-to-earnings ratio of -23.17 and a beta of 1.47. NuScale Power has a twelve month low of $1.88 and a twelve month high of $32.30. The business has a 50-day moving average price of $22.77 and a 200-day moving average price of $15.96.

Insider Activity

In related news, CEO John Lawrence Hopkins sold 664,568 shares of NuScale Power stock in a transaction dated Thursday, January 2nd. The stock was 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 owns 34,675 shares of the company’s stock, valued at $625,537. The trade was a 95.04 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Jacqueline F. Engel sold 18,186 shares of the company’s stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $29.00, for a total value of $527,394.00. Following the completion of the sale, the vice president now owns 3,801 shares in the company, valued at approximately $110,229. This represents a 82.71 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.96% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of SMR. Commonwealth Equity Services LLC raised its holdings in NuScale Power by 85.9% in the 2nd quarter. Commonwealth Equity Services LLC now owns 78,411 shares of the company’s stock valued at $917,000 after acquiring an additional 36,236 shares during the last quarter. Rhumbline Advisers grew its position in shares of NuScale Power by 62.9% in the second quarter. Rhumbline Advisers now owns 104,341 shares of the company’s stock valued at $1,220,000 after purchasing an additional 40,305 shares in the last quarter. L & S Advisors Inc purchased a new stake in shares of NuScale Power in the second quarter valued at approximately $1,105,000. CloudAlpha Capital Management Limited Hong Kong purchased a new position in NuScale Power during the second quarter worth approximately $630,000. Finally, Hsbc Holdings PLC acquired a new position in NuScale Power during the second quarter worth $126,000. Institutional investors and hedge funds own 78.37% of the company’s stock.

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.