Brokerages Set NuScale Power Co. (NYSE:SMR) PT at $10.39

Shares of NuScale Power Co. (NYSE:SMR - Get Free Report) have earned a consensus recommendation of "Moderate Buy" from the seven analysts that are presently covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating on the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $10.39.

Separately, Craig Hallum upped their price target on NuScale Power from $16.00 to $21.00 and gave the company a "buy" rating in a research report on Thursday, October 17th.

NuScale Power Trading Up 8.5 %

NYSE SMR traded up $1.73 on Thursday, hitting $22.01. 11,071,596 shares of the stock were exchanged, compared to its average volume of 7,715,323. The company's 50-day moving average price is $22.77 and its two-hundred day moving average price is $15.96. NuScale Power has a 52-week low of $1.88 and a 52-week high of $32.30. The company has a current ratio of 2.24, a quick ratio of 2.24 and a debt-to-equity ratio of 0.26.

Insider Buying and Selling at NuScale Power

In other NuScale Power news, 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 transaction of $527,394.00. Following the completion of the sale, the vice president now owns 3,801 shares of the company's stock, valued at $110,229. This represents a 82.71 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO John Lawrence Hopkins sold 664,568 shares of NuScale Power stock in a transaction that occurred 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 transaction, the chief executive officer now directly owns 34,675 shares in the company, valued at approximately $625,537. This represents a 95.04 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.96% of the company's stock.

Institutional Inflows and Outflows

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

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.