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

NuScale Power Co. (NYSE:SMR) has earned a consensus rating of “Moderate Buy” from the seven ratings firms that are currently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating on the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $10.39.

A number of analysts recently issued reports on the company. Craig Hallum upped their target price on NuScale Power from $16.00 to $21.00 and gave the company a “buy” rating in a research report on Thursday, October 17th. CLSA started coverage on NuScale Power in a report on Friday, September 13th. They issued an “outperform” rating and a $11.00 price objective for the company.

NuScale Power Price Performance

Shares of SMR opened at $24.88 on Wednesday. The firm has a fifty day moving average price of $19.56 and a 200 day moving average price of $13.11. The stock has a market cap of $6.35 billion, a PE ratio of -26.19 and a beta of 1.33. NuScale Power has a 1-year low of $1.88 and a 1-year high of $32.30. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.24 and a quick ratio of 2.24.

Insider Transactions at NuScale Power

In other NuScale Power news, VP Jacqueline F. Engel sold 18,186 shares of NuScale Power 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 sale, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Robert K. Temple sold 144,627 shares of the stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of $10.90, for a total value of $1,576,434.30. Following the transaction, the insider now directly owns 14,054 shares of the company’s stock, valued at approximately $153,188.60. This trade represents a 91.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 427,237 shares of company stock worth $6,053,065 over the last 90 days. 1.96% of the stock is currently owned by insiders.

Institutional Trading of NuScale Power

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