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

NuScale Power Co. (NYSE:SMR - Get Free Report) has received an average recommendation of "Moderate Buy" from the seven analysts that are currently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell rating, one has assigned a hold rating and five have given a buy rating to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $10.39.

Several research analysts have commented on SMR shares. CLSA started coverage on NuScale Power in a research report on Friday, September 13th. They set an "outperform" rating and a $11.00 price target on the stock. Craig Hallum lifted their target price on shares of NuScale Power from $16.00 to $21.00 and gave the company a "buy" rating in a report on Thursday, October 17th.

Insider Buying and Selling

In related news, VP Jacqueline F. Engel sold 18,186 shares of the stock in a transaction dated 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 transaction, the vice president now directly 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 transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Robert K. Temple sold 68,558 shares of NuScale Power stock in a transaction that occurred 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 completion of the sale, the insider now directly owns 14,054 shares in the company, valued at $182,983.08. This represents a 82.99 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 277,610 shares of company stock valued at $4,428,780 over the last three months. 1.96% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On NuScale Power

A number of hedge funds and other institutional investors have recently bought and sold shares of SMR. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in shares of NuScale Power during the 3rd quarter valued at approximately $44,000. US Bancorp DE acquired a new position in NuScale Power during the third quarter worth $54,000. CWM LLC boosted its position in NuScale Power by 4,593.8% during the third quarter. CWM LLC now owns 5,304 shares of the company's stock worth $61,000 after purchasing an additional 5,191 shares in the last quarter. International Assets Investment Management LLC purchased a new stake in NuScale Power during the second quarter worth $64,000. Finally, Quest Partners LLC acquired a new stake in NuScale Power in the second quarter valued at $115,000. Institutional investors and hedge funds own 78.37% of the company's stock.

NuScale Power Stock Performance

Shares of SMR traded up $0.76 during midday trading on Friday, reaching $19.77. 9,648,046 shares of the stock were exchanged, compared to its average volume of 6,571,946. NuScale Power has a twelve month low of $1.88 and a twelve month 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. The company has a market capitalization of $5.05 billion, a price-to-earnings ratio of -20.81 and a beta of 1.33. The business's 50-day moving average price is $22.36 and its 200 day moving average price is $14.49.

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.