NuScale Power (NYSE:SMR) Shares Up 3.9% – Should You Buy?

NuScale Power Corporation (NYSE:SMR)’s stock price shot up 3.9% during trading on Friday . The stock traded as high as $13.10 and last traded at $12.67. 43,940,757 shares traded hands during trading, an increase of 50% from the average session volume of 29,283,316 shares. The stock had previously closed at $12.19.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on SMR. Canaccord Genuity Group decreased their target price 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. Barclays decreased their target price on shares of NuScale Power from $45.00 to $15.00 and set an “equal weight” rating for the company in a research report on Monday, February 23rd. HSBC began coverage on shares of NuScale Power in a research report on Thursday, April 23rd. They set a “hold” rating and a $13.00 target price for the company. Cantor Fitzgerald reduced their price objective 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. Finally, Citigroup reduced their price objective on shares of NuScale Power from $9.00 to $7.00 and set a “sell” rating for the company in a research report on Monday, May 11th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, nine have issued a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $15.92.

NuScale Power Trading Up 3.9%

The stock’s 50-day simple moving average is $11.40 and its 200-day simple moving average is $15.25. The firm has a market capitalization of $4.63 billion, a P/E ratio of -4.34 and a beta of 2.24.

NuScale Power (NYSE:SMR) last issued its quarterly earnings data on Thursday, May 7th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.03). NuScale Power had a negative return on equity of 48.88% and a negative net margin of 2,066.55%.The firm had revenue of $0.57 million during the quarter, compared to the consensus estimate of $7.00 million. The firm’s revenue for the quarter was down 95.8% on a year-over-year basis. On average, equities research analysts expect that NuScale Power Corporation will post -0.79 EPS for the current year.

Insider Activity at NuScale Power

In related news, COO Carl M. Fisher sold 22,197 shares of the company’s stock in a transaction that occurred on Tuesday, March 3rd. The shares were sold at an average price of $12.22, for a total transaction of $271,247.34. Following the sale, the chief operating officer directly owned 140,141 shares in the company, valued at approximately $1,712,523.02. This represents a 13.67% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Robert Ramsey Hamady sold 18,570 shares of the company’s stock in a transaction that occurred on Tuesday, March 3rd. The shares were sold at an average price of $12.22, for a total transaction of $226,925.40. Following the sale, the chief financial officer owned 97,192 shares in the company, valued at $1,187,686.24. The trade was a 16.04% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 40,108,335 shares of company stock worth $474,931,335 in the last ninety days. Insiders own 1.28% of the company’s stock.

Institutional Trading of NuScale Power

Several institutional investors and hedge funds have recently bought and sold shares of SMR. Nemes Rush Group LLC purchased a new stake in NuScale Power in the 3rd quarter worth approximately $25,000. Strategic Advocates LLC purchased a new stake in NuScale Power in the 3rd quarter worth approximately $25,000. Vermillion & White Wealth Management Group LLC raised its position in shares of NuScale Power by 1,550.9% during the 4th quarter. Vermillion & White Wealth Management Group LLC now owns 1,783 shares of the company’s stock valued at $25,000 after buying an additional 1,675 shares in the last quarter. Assetmark Inc. raised its position in shares of NuScale Power by 1,940.3% during the 1st quarter. Assetmark Inc. now owns 2,428 shares of the company’s stock valued at $26,000 after buying an additional 2,309 shares in the last quarter. Finally, Ameriflex Group Inc. purchased a new stake in shares of NuScale Power during the 4th quarter valued at $30,000. 78.37% of the stock is currently owned by hedge funds and other institutional investors.

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.