NuScale Power Co. (NYSE:SMR) Receives Consensus Rating of "Moderate Buy" from Analysts

NuScale Power Co. (NYSE:SMR - Get Free Report) has earned a consensus recommendation of "Moderate Buy" from the seven analysts that are currently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $10.39.

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

NuScale Power Price Performance

NuScale Power stock traded down $0.47 during trading hours on Thursday, reaching $20.35. 6,238,650 shares of the stock were exchanged, compared to its average volume of 8,583,252. The company has a current ratio of 2.24, a quick ratio of 2.24 and a debt-to-equity ratio of 0.26. NuScale Power has a twelve month low of $1.88 and a twelve month high of $32.30. The company has a market cap of $5.20 billion, a P/E ratio of -21.42 and a beta of 1.47. The stock has a 50 day moving average of $22.85 and a two-hundred day moving average of $15.82.

Insider Activity

In other NuScale Power news, VP Jacqueline F. Engel sold 18,186 shares of the company's stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $29.00, for a total value of $527,394.00. Following the completion of the transaction, 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO John Lawrence Hopkins sold 664,568 shares of NuScale Power 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 sale, the chief executive officer now directly owns 34,675 shares in the company, valued at $625,537. The trade was 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 corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in SMR. Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in NuScale Power during the 3rd quarter worth approximately $44,000. US Bancorp DE bought a new stake in shares of NuScale Power in the third quarter worth $54,000. CWM LLC grew its stake in shares of NuScale Power by 4,593.8% in 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 during the last quarter. Victory Capital Management Inc. acquired a new stake in NuScale Power in the third quarter valued at $116,000. Finally, TRUE Private Wealth Advisors bought a new position in NuScale Power during the 3rd quarter worth $117,000. 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.