NuScale Power Corporation (NYSE:SMR) Receives Consensus Recommendation of “Hold” from Brokerages

NuScale Power Corporation (NYSE:SMR) has earned a consensus recommendation of “Hold” from the seventeen research firms that are covering the company, MarketBeat Ratings reports. Three investment analysts have rated the stock with a sell recommendation, nine have given a hold recommendation, four have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $15.9167.

Several analysts have commented on the stock. Northland Securities set a $19.00 price target on shares of NuScale Power in a research report on Monday, May 11th. HSBC assumed coverage on shares of NuScale Power in a research report on Thursday, April 23rd. They set a “hold” rating and a $13.00 price target for the company. B. Riley Financial decreased their price target on shares of NuScale Power from $24.00 to $19.00 and set a “buy” rating for the company in a research report on Friday, April 24th. Canaccord Genuity Group decreased their price target on shares of NuScale Power from $60.00 to $25.00 and set a “buy” rating for the company in a research report on Friday, February 27th. Finally, Cantor Fitzgerald decreased their price target on shares of NuScale Power from $55.00 to $20.00 and set an “overweight” rating for the company in a research report on Tuesday, February 24th.

NuScale Power Price Performance

SMR stock opened at $10.85 on Wednesday. The company has a market capitalization of $3.97 billion, a P/E ratio of -3.72 and a beta of 2.20. The business has a 50-day moving average price of $11.59 and a 200 day moving average price of $13.98. NuScale Power has a 1-year low of $8.85 and a 1-year high of $57.42.

NuScale Power (NYSE:SMR) last released its quarterly earnings results on Thursday, May 7th. The company reported ($0.14) EPS for the quarter, missing the consensus estimate of ($0.11) by ($0.03). The firm had revenue of $0.57 million for the quarter, compared to analysts’ expectations of $7.00 million. NuScale Power had a negative net margin of 2,066.55% and a negative return on equity of 48.88%. NuScale Power’s revenue for the quarter was down 95.8% compared to the same quarter last year. On average, analysts anticipate that NuScale Power will post -0.46 earnings per share for the current fiscal year.

Insider Activity at NuScale Power

In other NuScale Power news, Director Corp Fluor sold 13,500,000 shares of the stock in a transaction dated Tuesday, April 21st. The shares were sold at an average price of $11.81, for a total transaction of $159,435,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have sold 39,936,472 shares of company stock worth $472,831,169 over the last ninety days. Corporate insiders own 1.28% of the company’s stock.

Hedge Funds Weigh In On NuScale Power

Hedge funds have recently modified their holdings of the stock. Nemes Rush Group LLC acquired a new position in shares of NuScale Power during the third quarter valued at about $25,000. Strategic Advocates LLC acquired a new stake in NuScale Power in the 3rd quarter worth approximately $25,000. Vermillion & White Wealth Management Group LLC boosted its stake in NuScale Power by 1,550.9% in the 4th quarter. Vermillion & White Wealth Management Group LLC now owns 1,783 shares of the company’s stock worth $25,000 after purchasing an additional 1,675 shares in the last quarter. Assetmark Inc. boosted its stake in NuScale Power by 1,940.3% in the 1st quarter. Assetmark Inc. now owns 2,428 shares of the company’s stock worth $26,000 after purchasing an additional 2,309 shares in the last quarter. Finally, Ameriflex Group Inc. acquired a new stake in NuScale Power in the 4th quarter worth approximately $30,000. Institutional investors and hedge funds own 78.37% of the company’s stock.

About NuScale Power

NuScale Power Corporation, trading on the NYSE American under the ticker SMR, is a pioneering developer of small modular nuclear reactors. Established in 2007 as a spinout from Oregon State University, the company is headquartered in Portland, Oregon. NuScale’s mission is to deliver zero-carbon baseload power through scalable modular reactor technology, aiming to transform traditional nuclear energy deployment.

At the core of NuScale’s offering is the VOYGR small modular reactor design, featuring 77-megawatt electric (MWe) modules with passive safety systems.