NuScale Power (NYSE:SMR) Now Covered by BTIG Research

Investment analysts at BTIG Research assumed coverage on shares of NuScale Power (NYSE:SMR - Get Free Report) in a research report issued on Friday, MarketBeat.com reports. The brokerage set a "buy" rating and a $20.00 price target on the stock. BTIG Research's price target would suggest a potential upside of 30.55% from the stock's previous close.

Separately, UBS Group decreased their price target on NuScale Power from $25.00 to $17.00 and set a "neutral" rating for the company in a research note on Friday, March 7th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat, NuScale Power has an average rating of "Moderate Buy" and an average price target of $16.60.

NuScale Power Stock Up 0.5 %

Shares of SMR traded up $0.07 on Friday, hitting $15.32. 3,145,935 shares of the stock traded hands, compared to its average volume of 10,088,684. NuScale Power has a one year low of $4.61 and a one year high of $32.30. The company has a market capitalization of $4.33 billion, a PE ratio of -16.13 and a beta of 1.64. The business has a 50 day simple moving average of $17.92 and a 200 day simple moving average of $19.94. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.24 and a current ratio of 2.24.

Insider Transactions at NuScale Power

In related news, CFO Robert Ramsey Hamady sold 31,496 shares of the business's stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of $15.70, for a total transaction of $494,487.20. Following the completion of the transaction, the chief financial officer now directly owns 29,985 shares in the company, valued at approximately $470,764.50. The trade was a 51.23 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Jacqueline F. Engel sold 24,618 shares of the firm's stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $14.52, for a total transaction of $357,453.36. Following the sale, the vice president now owns 1,149 shares in the company, valued at approximately $16,683.48. The trade was a 95.54 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 89,114 shares of company stock worth $1,351,231 in the last quarter. Company insiders own 1.96% of the company's stock.

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Institutional Investors Weigh In On NuScale Power

A number of institutional investors have recently bought and sold shares of SMR. JPMorgan Chase & Co. raised its stake in NuScale Power by 204.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 166,629 shares of the company's stock valued at $1,930,000 after purchasing an additional 111,812 shares during the period. Stifel Financial Corp boosted its stake in NuScale Power by 581.8% during the third quarter. Stifel Financial Corp now owns 118,355 shares of the company's stock valued at $1,371,000 after buying an additional 100,995 shares during the last quarter. Franklin Resources Inc. purchased a new position in NuScale Power during the 3rd quarter valued at approximately $555,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in NuScale Power by 57.2% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 351,777 shares of the company's stock worth $4,074,000 after acquiring an additional 128,012 shares during the last quarter. Finally, Barclays PLC raised its holdings in shares of NuScale Power by 472.3% during the 3rd quarter. Barclays PLC now owns 150,791 shares of the company's stock worth $1,746,000 after acquiring an additional 124,441 shares in the last quarter. Hedge funds and other institutional investors 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.