NuScale Power (NYSE:SMR) Stock Price Up 11% - What's Next?

Shares of NuScale Power Co. (NYSE:SMR - Get Free Report) shot up 11% during mid-day trading on Monday . The company traded as high as $14.94 and last traded at $13.99. 5,441,566 shares changed hands during mid-day trading, a decline of 33% from the average session volume of 8,107,223 shares. The stock had previously closed at $12.60.

Analyst Ratings Changes

SMR has been the subject of a number of research reports. BTIG Research assumed coverage on NuScale Power in a research report on Friday. They set a "buy" rating and a $20.00 price objective for the company. UBS Group dropped their price objective on shares of NuScale Power from $25.00 to $17.00 and set a "neutral" rating on the stock in a report on Friday, March 7th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $16.60.

NuScale Power Trading Up 2.7 %

The stock has a 50-day moving average price of $18.27 and a two-hundred day moving average price of $19.85. The stock has a market capitalization of $4.31 billion, a PE ratio of -15.85 and a beta of 1.64. 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 Buying and Selling

In other NuScale Power news, CFO Robert Ramsey Hamady sold 31,496 shares of the business's stock in a transaction on Friday, March 7th. The shares were sold at an average price of $15.70, for a total value of $494,487.20. Following the sale, the chief financial officer now owns 29,985 shares in the company, valued at $470,764.50. The trade was a 51.23 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Jacqueline F. Engel sold 24,618 shares of the stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $14.52, for a total transaction of $357,453.36. Following the transaction, the vice president now directly owns 1,149 shares of the company's stock, valued at $16,683.48. This trade represents a 95.54 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 89,114 shares of company stock valued at $1,351,231. Company insiders own 1.96% of the company's stock.

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Institutional Investors Weigh In On NuScale Power

Hedge funds have recently made changes to their positions in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of NuScale Power by 57.2% during 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 in the last quarter. HighTower Advisors LLC increased its position in NuScale Power by 7.3% in the third quarter. HighTower Advisors LLC now owns 12,108 shares of the company's stock worth $140,000 after purchasing an additional 820 shares during the last quarter. Janus Henderson Group PLC purchased a new stake in NuScale Power during the third quarter valued at $357,000. Stifel Financial Corp lifted its position 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 purchasing an additional 100,995 shares during the last quarter. Finally, State Street Corp grew its stake in shares of NuScale Power by 10.2% in the 3rd quarter. State Street Corp now owns 1,674,995 shares of the company's stock worth $19,396,000 after buying an additional 154,368 shares in the last quarter. 78.37% of the stock is currently owned by hedge funds and other institutional investors.

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.