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

NuScale Power Co. (NYSE:SMR - Get Free Report) has been assigned an average recommendation of "Moderate Buy" from the six ratings firms that are currently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and four have issued a buy recommendation on the company. The average 1 year price target among analysts that have covered the stock in the last year is $12.58.

Separately, UBS Group lowered their price target on NuScale Power from $25.00 to $17.00 and set a "neutral" rating on the stock in a report on Friday.

NuScale Power Price Performance

Shares of SMR traded down $0.30 on Friday, reaching $15.65. The stock had a trading volume of 11,051,525 shares, compared to its average volume of 11,949,105. The firm has a market capitalization of $4.00 billion, a PE ratio of -16.48 and a beta of 1.58. The company has a quick ratio of 2.24, a current ratio of 2.24 and a debt-to-equity ratio of 0.26. The firm has a 50-day moving average of $21.33 and a 200 day moving average of $18.51. NuScale Power has a twelve month low of $3.79 and a twelve month high of $32.30.

Insider Buying and Selling at NuScale Power

In other news, VP Jacqueline F. Engel sold 24,618 shares of the firm's stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $14.52, for a total transaction of $357,453.36. Following the completion of the sale, the vice president now directly owns 1,149 shares in the company, valued at $16,683.48. This trade represents a 95.54 % 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 firm'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 sale, the chief executive officer now owns 34,675 shares of the company's stock, valued at $625,537. This 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 owned by insiders.

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Institutional Trading of NuScale Power

Several large investors have recently modified their holdings of the business. Total Wealth Planning & Management Inc. acquired a new stake in shares of NuScale Power during the fourth quarter valued at about $324,000. Glen Eagle Advisors LLC acquired a new stake in shares of NuScale Power during the fourth quarter valued at about $208,000. Voloridge Investment Management LLC acquired a new stake in shares of NuScale Power during the fourth quarter valued at about $1,766,000. Two Sigma Advisers LP acquired a new stake in shares of NuScale Power during the fourth quarter valued at about $2,018,000. Finally, Two Sigma Investments LP grew its stake in NuScale Power by 60.2% in the fourth quarter. Two Sigma Investments LP now owns 487,037 shares of the company's stock worth $8,733,000 after purchasing an additional 182,928 shares in the last quarter. 78.37% of the stock is currently owned by institutional investors and hedge funds.

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.