NuScale Power Co. (NYSE:SMR) Receives $10.39 Consensus Target Price from Analysts

Shares of NuScale Power Co. (NYSE:SMR) have been assigned an average rating of “Moderate Buy” from the seven analysts that are currently covering the company, MarketBeat Ratings reports. One 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 1 year price target among analysts that have issued ratings on the stock in the last year is $10.39.

Several brokerages recently commented on SMR. Craig Hallum lifted their price target on shares of NuScale Power from $16.00 to $21.00 and gave the stock a “buy” rating in a research note on Thursday, October 17th. 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.

NuScale Power Stock Performance

Shares of NuScale Power stock opened at $21.01 on Friday. The firm has a market capitalization of $5.37 billion, a P/E ratio of -22.12 and a beta of 1.33. The company has a quick ratio of 2.24, a current ratio of 2.24 and a debt-to-equity ratio of 0.26. NuScale Power has a 52 week low of $1.88 and a 52 week high of $32.30. The firm’s 50 day moving average is $22.48 and its two-hundred day moving average is $14.63.

Insider Transactions at NuScale Power

In related news, insider Robert K. Temple sold 68,558 shares of NuScale Power stock in a transaction on Friday, October 4th. The shares were sold at an average price of $13.02, for a total value of $892,625.16. Following the transaction, the insider now directly owns 14,054 shares in the company, valued at $182,983.08. This trade represents a 82.99 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Jacqueline F. Engel sold 18,186 shares of the company’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 transaction, the vice president now owns 3,801 shares of the company’s stock, valued at approximately $110,229. The trade was a 82.71 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 202,610 shares of company stock worth $3,528,780. Company insiders own 1.96% of the company’s stock.

Institutional Investors Weigh In On NuScale Power

Institutional investors have recently added to or reduced their stakes in the business. Canal Insurance CO grew its stake in shares of NuScale Power by 35.0% during the 3rd quarter. Canal Insurance CO now owns 216,000 shares of the company’s stock worth $2,501,000 after purchasing an additional 56,000 shares during the period. Charles Schwab Investment Management Inc. grew its position in NuScale Power by 212.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 677,248 shares of the company’s stock worth $7,843,000 after buying an additional 460,487 shares during the period. Verition Fund Management LLC increased its holdings in NuScale Power by 319.9% in the third quarter. Verition Fund Management LLC now owns 113,476 shares of the company’s stock valued at $1,314,000 after buying an additional 86,454 shares in the last quarter. Benjamin Edwards Inc. acquired a new stake in shares of NuScale Power during the 3rd quarter valued at approximately $277,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of NuScale Power by 57.2% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 351,777 shares of the company’s stock worth $4,074,000 after acquiring an additional 128,012 shares in the last quarter. Hedge funds and other institutional investors 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.