NuScale Power (NYSE:SMR) Research Coverage Started at Craig Hallum

Craig Hallum initiated coverage on shares of NuScale Power (NYSE:SMR) in a report issued on Thursday morning, MarketBeat Ratings reports. The brokerage issued a buy rating and a $16.00 target price on the stock.

Other equities analysts have also recently issued research reports about the stock. CLSA assumed coverage on shares of NuScale Power in a research note on Friday, September 13th. They issued an outperform rating and a $11.00 price objective for the company. B. Riley increased their price objective on shares of NuScale Power from $8.00 to $14.00 and gave the company a buy rating in a research note on Thursday, June 27th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of Moderate Buy and a consensus price target of $9.68.

NuScale Power Price Performance

Shares of NuScale Power stock opened at $12.55 on Thursday. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.66 and a quick ratio of 2.66. NuScale Power has a fifty-two week low of $1.81 and a fifty-two week high of $16.91. The firm has a fifty day moving average price of $9.32 and a two-hundred day moving average price of $8.42. The company has a market cap of $3.13 billion, a PE ratio of -14.76 and a beta of 1.22.

NuScale Power (NYSE:SMR) last issued its quarterly earnings results on Thursday, August 8th. The company reported ($0.31) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.18). NuScale Power had a negative net margin of 592.28% and a negative return on equity of 61.82%. The company had revenue of $0.97 million during the quarter, compared to the consensus estimate of $1.43 million. During the same period last year, the company earned ($0.13) earnings per share. Analysts expect that NuScale Power will post -0.55 EPS for the current year.

Insider Buying and Selling

In related news, COO Carl M. Fisher sold 12,302 shares of the stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $8.79, for a total transaction of $108,134.58. Following the completion of the sale, the chief operating officer now owns 30,323 shares in the company, valued at approximately $266,539.17. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CFO Robert Ramsey Hamady sold 19,242 shares of the stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $7.98, for a total transaction of $153,551.16. Following the completion of the sale, the chief financial officer now owns 57,681 shares in the company, valued at approximately $460,294.38. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Carl M. Fisher sold 12,302 shares of the firm’s stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $8.79, for a total transaction of $108,134.58. Following the completion of the sale, the chief operating officer now owns 30,323 shares of the company’s stock, valued at approximately $266,539.17. The disclosure for this sale can be found here. Insiders sold 306,171 shares of company stock worth $3,285,970 in the last quarter. 1.96% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On NuScale Power

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Price T Rowe Associates Inc. MD increased its position in NuScale Power by 25.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 19,729 shares of the company’s stock valued at $106,000 after acquiring an additional 4,014 shares in the last quarter. International Assets Investment Management LLC acquired a new stake in NuScale Power in the 2nd quarter valued at about $64,000. TFC Financial Management Inc. acquired a new stake in NuScale Power in the 2nd quarter valued at about $75,000. Resurgent Financial Advisors LLC increased its position in NuScale Power by 100.0% in the 1st quarter. Resurgent Financial Advisors LLC now owns 14,800 shares of the company’s stock valued at $79,000 after acquiring an additional 7,400 shares in the last quarter. Finally, Evanson Asset Management LLC increased its position in NuScale Power by 44.3% in the 1st quarter. Evanson Asset Management LLC now owns 26,000 shares of the company’s stock valued at $138,000 after acquiring an additional 7,986 shares in the last quarter. Institutional investors and hedge funds own 15.28% 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.