NuScale Power (NYSE:SMR) PT Raised to $21.00 at Craig Hallum

NuScale Power (NYSE:SMR) had its target price hoisted by equities research analysts at Craig Hallum from $16.00 to $21.00 in a research note issued on Thursday, Benzinga reports. The brokerage presently has a “buy” rating on the stock. Craig Hallum’s target price points to a potential upside of 15.32% from the stock’s previous close.

SMR has been the topic of several other reports. CLSA started coverage on shares of NuScale Power in a research note on Friday, September 13th. They set an “outperform” rating and a $11.00 price target on the stock. B. Riley boosted their price target on shares of NuScale Power from $8.00 to $14.00 and gave the stock a “buy” rating in a research note on Thursday, June 27th. One analyst has rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $10.39.

NuScale Power Stock Performance

NYSE SMR opened at $18.21 on Thursday. The company has a market capitalization of $4.43 billion, a P/E ratio of -21.42 and a beta of 1.25. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.66 and a current ratio of 2.66. NuScale Power has a 52-week low of $1.81 and a 52-week high of $20.35. The company has a fifty day moving average of $10.55 and a 200-day moving average of $9.23.

NuScale Power (NYSE:SMR) last posted its quarterly earnings data on Thursday, August 8th. The company reported ($0.31) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.18). The firm had revenue of $0.97 million during the quarter, compared to analysts’ expectations of $1.43 million. NuScale Power had a negative return on equity of 61.82% and a negative net margin of 592.28%. During the same quarter in the previous year, the company posted ($0.13) earnings per share.

Insider Buying and Selling at NuScale Power

In other NuScale Power news, COO Carl M. Fisher sold 12,302 shares of the business’s stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $8.79, for a total value of $108,134.58. Following the transaction, the chief operating officer now owns 30,323 shares in the company, valued at approximately $266,539.17. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, COO Carl M. Fisher sold 12,302 shares of NuScale Power stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $8.79, for a total value of $108,134.58. Following the sale, the chief operating officer now directly owns 30,323 shares in the company, valued at approximately $266,539.17. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Robert Ramsey Hamady sold 19,242 shares of the company’s stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of $7.98, for a total value of $153,551.16. Following the transaction, the chief financial officer now owns 57,681 shares of the company’s stock, valued at approximately $460,294.38. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 490,595 shares of company stock valued at $6,287,356 in the last quarter. Company insiders own 1.96% of the company’s stock.

Institutional Investors Weigh In On NuScale Power

A number of large investors have recently modified their holdings of SMR. Avantax Advisory Services Inc. bought a new stake in NuScale Power during the 1st quarter valued at approximately $58,000. SG Americas Securities LLC boosted its position in shares of NuScale Power by 268.3% during the first quarter. SG Americas Securities LLC now owns 53,772 shares of the company’s stock valued at $286,000 after purchasing an additional 39,171 shares in the last quarter. Quadrature Capital Ltd purchased a new stake in NuScale Power in the fourth quarter worth $417,000. Van ECK Associates Corp bought a new position in NuScale Power in the second quarter worth $7,600,000. Finally, Rheos Capital Works Inc. purchased a new position in NuScale Power during the first quarter valued at $1,328,000. Institutional investors 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.