NuScale Power (NYSE:SMR) Shares Up 8.5% - What's Next?

NuScale Power Co. (NYSE:SMR - Get Free Report) shares were up 8.5% during trading on Monday . The company traded as high as $27.98 and last traded at $28.04. Approximately 6,665,867 shares traded hands during mid-day trading, a decline of 47% from the average daily volume of 12,521,673 shares. The stock had previously closed at $25.84.

Wall Street Analysts Forecast Growth

Separately, Craig Hallum boosted their target price on NuScale Power from $16.00 to $21.00 and gave the stock a "buy" rating in a research report on Thursday, October 17th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $11.42.

NuScale Power Trading Down 6.5 %

The stock has a market cap of $6.30 billion, a price-to-earnings ratio of -25.98 and a beta of 1.51. 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 business's 50 day simple moving average is $22.11 and its 200 day simple moving average is $17.50.

Insider Buying and Selling at NuScale Power

In related news, CEO John Lawrence Hopkins sold 664,568 shares of the business'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 transaction, the chief executive officer now directly owns 34,675 shares of the company's stock, valued at approximately $625,537. The trade was a 95.04 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Jacqueline F. Engel sold 18,186 shares of the company's 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 sale, the vice president now directly owns 3,801 shares in the company, valued at approximately $110,229. This trade represents a 82.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.96% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Arrowstreet Capital Limited Partnership purchased a new stake in NuScale Power in the fourth quarter worth $22,823,000. Vanguard Group Inc. boosted its stake in NuScale Power by 8.2% in the 4th quarter. Vanguard Group Inc. now owns 8,427,917 shares of the company's stock worth $151,113,000 after purchasing an additional 635,271 shares during the period. Van ECK Associates Corp raised its holdings in shares of NuScale Power by 90.0% during the 3rd quarter. Van ECK Associates Corp now owns 1,235,457 shares of the company's stock worth $14,307,000 after acquiring an additional 585,292 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in NuScale Power by 212.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 677,248 shares of the company's stock worth $7,843,000 after purchasing an additional 460,487 shares during the period. Finally, Privium Fund Management B.V. bought a new position in shares of NuScale Power during the 4th quarter worth $6,455,000. 78.37% of the stock is currently owned by 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.