NuScale Power Co. (NYSE:SMR) Receives Average Rating of “Hold” from Brokerages

Shares of NuScale Power Co. (NYSE:SMRGet Free Report) have been given a consensus recommendation of “Hold” by the five research firms that are presently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $7.75.

SMR has been the subject of a number of analyst reports. UBS Group boosted their price objective on NuScale Power from $2.00 to $10.00 and gave the stock a “neutral” rating in a research report on Tuesday, March 19th. Wells Fargo & Company reissued an “underweight” rating and set a $4.50 price objective (down from $7.50) on shares of NuScale Power in a research report on Tuesday, March 19th. Canaccord Genuity Group initiated coverage on NuScale Power in a report on Monday, January 29th. They issued a “buy” rating and a $4.25 price target for the company. Finally, Canaccord Genuity Group upped their price target on NuScale Power from $4.25 to $8.00 and gave the company a “buy” rating in a report on Monday, March 18th.

View Our Latest Report on NuScale Power

Insider Buying and Selling at NuScale Power

In other NuScale Power news, CEO John Lawrence Hopkins sold 59,768 shares of the business’s stock in a transaction that occurred on Friday, March 22nd. The stock was sold at an average price of $4.20, for a total value of $251,025.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 3.06% of the stock is owned by company insiders.

Institutional Investors Weigh In On NuScale Power

Several large investors have recently modified their holdings of the stock. JPMorgan Chase & Co. acquired a new stake in shares of NuScale Power during the second quarter worth $92,000. Rhumbline Advisers acquired a new stake in shares of NuScale Power during the second quarter worth $236,000. Northern Trust Corp acquired a new stake in shares of NuScale Power during the second quarter worth $1,436,000. American International Group Inc. acquired a new stake in shares of NuScale Power during the second quarter worth $80,000. Finally, Cubist Systematic Strategies LLC acquired a new stake in shares of NuScale Power during the second quarter worth $165,000. Hedge funds and other institutional investors own 10.67% of the company’s stock.

NuScale Power Stock Performance

Shares of NuScale Power stock opened at $4.25 on Wednesday. NuScale Power has a one year low of $1.81 and a one year high of $11.21. The company has a market cap of $995.73 million, a PE ratio of -5.31 and a beta of 0.90. The business has a 50-day simple moving average of $3.62 and a 200-day simple moving average of $3.75.

About NuScale Power

(Get Free Report

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.

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Analyst Recommendations for NuScale Power (NYSE:SMR)

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