NuScale Power (NYSE:SMR) Stock Price Up 2.5%

NuScale Power Co. (NYSE:SMR) rose 2.5% on Tuesday . The stock traded as high as $9.40 and last traded at $8.98. Approximately 1,588,592 shares were traded during trading, a decline of 68% from the average daily volume of 5,037,294 shares. The stock had previously closed at $8.76.

Analyst Upgrades and Downgrades

Separately, B. Riley boosted their price objective on NuScale Power from $8.00 to $14.00 and gave the stock a “buy” rating in a research report on Thursday, June 27th. One analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, NuScale Power has a consensus rating of “Hold” and a consensus price target of $8.15.

NuScale Power Trading Down 7.2 %

The firm has a fifty day simple moving average of $10.51 and a 200 day simple moving average of $6.82. The stock has a market cap of $1.98 billion, a price-to-earnings ratio of -10.56 and a beta of 1.25.

NuScale Power (NYSE:SMR) last posted its quarterly earnings results on Thursday, May 9th. The company reported ($0.21) EPS for the quarter, meeting the consensus estimate of ($0.21). The firm had revenue of $1.38 million during the quarter, compared to analysts’ expectations of $3.15 million. NuScale Power had a negative return on equity of 38.66% and a negative net margin of 342.39%. During the same quarter in the prior year, the firm posted ($0.16) EPS. On average, equities analysts expect that NuScale Power Co. will post -0.55 earnings per share for the current year.

Hedge Funds Weigh In On NuScale Power

A number of hedge funds have recently modified their holdings of SMR. Global Retirement Partners LLC acquired a new position in shares of NuScale Power in the 4th quarter worth approximately $25,000. Essex Private Wealth Management LLC acquired a new position in shares of NuScale Power in the 4th quarter worth approximately $33,000. Sloy Dahl & Holst LLC acquired a new position in shares of NuScale Power in the 4th quarter worth approximately $33,000. Arizona State Retirement System acquired a new position in shares of NuScale Power in the 4th quarter worth approximately $34,000. Finally, Raymond James Financial Services Advisors Inc. acquired a new position in shares of NuScale Power in the 4th quarter worth approximately $36,000. 15.28% of the stock is owned by institutional investors and hedge funds.

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.