B. Riley Estimates NuScale Power FY2024 Earnings

NuScale Power Co. (NYSE:SMR - Free Report) - Stock analysts at B. Riley issued their FY2024 earnings per share (EPS) estimates for shares of NuScale Power in a research note issued to investors on Thursday, February 6th. B. Riley analyst R. Pfingst expects that the company will post earnings per share of ($0.73) for the year. B. Riley also issued estimates for NuScale Power's Q4 2024 earnings at ($0.11) EPS, FY2025 earnings at ($0.45) EPS, FY2026 earnings at ($0.41) EPS and FY2027 earnings at ($0.37) EPS.

Separately, Craig Hallum lifted their price objective 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. One research analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $11.42.

NuScale Power Trading Down 6.7 %

NYSE SMR traded down $1.64 on Monday, reaching $23.07. The company had a trading volume of 9,524,849 shares, compared to its average volume of 12,473,502. The stock's 50 day moving average is $22.06 and its 200-day moving average is $17.60. The stock has a market cap of $5.89 billion, a price-to-earnings ratio of -24.28 and a beta of 1.51. 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 $2.47 and a 52 week high of $32.30.

Insider Activity

In other news, VP Jacqueline F. Engel sold 18,186 shares of the stock in a transaction on Friday, November 29th. The shares were 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 legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO John Lawrence Hopkins sold 664,568 shares of the business's stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $18.04, for a total value of $11,988,806.72. Following the completion of the sale, the chief executive officer now owns 34,675 shares in the company, valued at approximately $625,537. This trade represents a 95.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.96% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in SMR. Canal Insurance CO lifted its position in 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 buying an additional 56,000 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of NuScale Power by 212.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 677,248 shares of the company's stock valued at $7,843,000 after acquiring an additional 460,487 shares during the last quarter. Verition Fund Management LLC raised its holdings in NuScale Power by 319.9% during the third quarter. Verition Fund Management LLC now owns 113,476 shares of the company's stock worth $1,314,000 after acquiring an additional 86,454 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in NuScale Power by 204.0% during the third quarter. JPMorgan Chase & Co. now owns 166,629 shares of the company's stock worth $1,930,000 after acquiring an additional 111,812 shares in the last quarter. Finally, Stifel Financial Corp raised its holdings in NuScale Power by 581.8% during the third quarter. Stifel Financial Corp now owns 118,355 shares of the company's stock worth $1,371,000 after acquiring an additional 100,995 shares in the last quarter. 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.