NuScale Power Co. (NYSE:SMR) Given Consensus Rating of “Moderate Buy” by Analysts

NuScale Power Co. (NYSE:SMR) has been assigned an average recommendation of “Moderate Buy” from the seven ratings firms that are covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating on the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $10.39.

A number of brokerages have recently commented on SMR. Craig Hallum lifted their target price on shares of NuScale Power from $16.00 to $21.00 and gave the company a “buy” rating in a report on Thursday, October 17th. CLSA started coverage on shares of NuScale Power in a report on Friday, September 13th. They issued an “outperform” rating and a $11.00 target price for the company.

Insider Activity at NuScale Power

In related news, insider Robert K. Temple sold 115,866 shares of the firm’s stock in a transaction dated Wednesday, October 16th. The shares were sold at an average price of $18.20, for a total value of $2,108,761.20. Following the completion of the sale, the insider now owns 14,054 shares in the company, valued at $255,782.80. This trade represents a 89.18 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, 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 transaction of $527,394.00. Following the transaction, the vice president now owns 3,801 shares in the company, valued at $110,229. The trade was a 82.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 202,610 shares of company stock worth $3,528,780 over the last 90 days. Company insiders own 1.96% of the company’s stock.

Institutional Investors Weigh In On NuScale Power

Several institutional investors have recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in NuScale Power during the third quarter worth $44,000. US Bancorp DE purchased a new stake in shares of NuScale Power in the 3rd quarter worth about $54,000. CWM LLC grew its stake in NuScale Power by 4,593.8% in the 3rd quarter. CWM LLC now owns 5,304 shares of the company’s stock valued at $61,000 after acquiring an additional 5,191 shares during the last quarter. International Assets Investment Management LLC purchased a new position in NuScale Power during the 2nd quarter valued at about $64,000. Finally, Quest Partners LLC acquired a new position in NuScale Power during the second quarter worth about $115,000. Hedge funds and other institutional investors own 78.37% of the company’s stock.

NuScale Power Stock Down 10.6 %

Shares of NYSE SMR opened at $19.51 on Friday. The stock has a market cap of $4.98 billion, a PE ratio of -20.54 and a beta of 1.33. NuScale Power has a 52-week low of $1.88 and a 52-week high of $32.30. The business has a 50-day moving average price of $22.77 and a 200 day moving average price of $14.93. The company has a quick ratio of 2.24, a current ratio of 2.24 and a debt-to-equity ratio of 0.26.

About NuScale Power

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.