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

NuScale Power Co. (NYSE:SMR)’s stock price was up 2.5% during mid-day trading 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.

Wall Street Analyst Weigh In

Separately, B. Riley upped their price target on shares of NuScale Power from $8.00 to $14.00 and gave the stock a “buy” rating in a report on Thursday, June 27th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $8.15.

NuScale Power Stock Down 7.2 %

The company has a market cap of $1.98 billion, a P/E ratio of -10.56 and a beta of 1.25. The firm’s 50 day moving average is $10.51 and its two-hundred day moving average is $6.82.

NuScale Power (NYSE:SMR) last issued its quarterly earnings data on Thursday, May 9th. The company reported ($0.21) earnings per share for the quarter, hitting the consensus estimate of ($0.21). NuScale Power had a negative net margin of 342.39% and a negative return on equity of 38.66%. The company had revenue of $1.38 million for the quarter, compared to analysts’ expectations of $3.15 million. During the same quarter in the previous year, the firm posted ($0.16) earnings per share. As a group, research analysts forecast that NuScale Power Co. will post -0.55 EPS for the current fiscal year.

Institutional Trading of NuScale Power

Several institutional investors have recently modified their holdings of the business. Price T Rowe Associates Inc. MD grew its stake in shares of NuScale Power by 25.5% in the first quarter. Price T Rowe Associates Inc. MD now owns 19,729 shares of the company’s stock worth $106,000 after purchasing an additional 4,014 shares during the last quarter. International Assets Investment Management LLC bought a new stake in NuScale Power during the second quarter valued at $64,000. TFC Financial Management Inc. bought a new stake in NuScale Power during the second quarter valued at $75,000. Resurgent Financial Advisors LLC boosted its position in NuScale Power by 100.0% during the first quarter. Resurgent Financial Advisors LLC now owns 14,800 shares of the company’s stock valued at $79,000 after acquiring an additional 7,400 shares during the last quarter. Finally, Global Retirement Partners LLC bought a new stake in NuScale Power during the fourth quarter valued at $25,000. 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.