NuScale Power (NYSE:SMR) Research Coverage Started at Cantor Fitzgerald

Cantor Fitzgerald started coverage on shares of NuScale Power (NYSE:SMR) in a report published on Tuesday morning, Marketbeat.com reports. The brokerage issued an overweight rating and a $55.00 price objective on the stock. Cantor Fitzgerald also issued estimates for NuScale Power’s FY2025 earnings at ($0.60) EPS and FY2026 earnings at ($0.53) EPS.

SMR has been the topic of several other reports. Citigroup reiterated a “sell” rating and issued a $37.50 price objective (down from $46.00) on shares of NuScale Power in a research note on Tuesday. UBS Group increased their price target on NuScale Power from $34.00 to $38.00 and gave the company a “neutral” rating in a research report on Monday, August 11th. Northland Capmk upgraded NuScale Power to a “hold” rating in a research note on Monday, July 7th. Barclays started coverage on shares of NuScale Power in a research note on Monday, September 29th. They set an “equal weight” rating and a $45.00 target price on the stock. Finally, Canaccord Genuity Group lifted their price target on shares of NuScale Power from $44.00 to $60.00 and gave the stock a “buy” rating in a research note on Wednesday, September 3rd. Three analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and five have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Reduce” and a consensus target price of $37.73.

NuScale Power Stock Performance

Shares of SMR stock opened at $37.92 on Tuesday. NuScale Power has a fifty-two week low of $11.08 and a fifty-two week high of $57.42. The company has a 50 day moving average price of $38.40 and a 200 day moving average price of $33.98. The stock has a market capitalization of $10.80 billion, a P/E ratio of -31.87 and a beta of 2.02.

NuScale Power (NYSE:SMR) last released its earnings results on Thursday, August 7th. The company reported ($0.13) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.01). NuScale Power had a positive return on equity of 2.61% and a negative net margin of 221.07%.The business had revenue of $8.05 million for the quarter, compared to analyst estimates of $10.49 million. On average, research analysts forecast that NuScale Power will post -0.73 EPS for the current fiscal year.

Insider Buying and Selling at NuScale Power

In related news, Director Corp Fluor sold 87,900 shares of the business’s stock in a transaction that occurred on Wednesday, October 8th. The stock was sold at an average price of $39.58, for a total transaction of $3,479,082.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last quarter, insiders sold 15,048,847 shares of company stock worth $606,761,579. 1.27% of the stock is currently owned by company insiders.

Institutional Trading of NuScale Power

Several institutional investors have recently modified their holdings of the stock. Steigerwald Gordon & Koch Inc. acquired a new position in shares of NuScale Power in the 3rd quarter valued at $41,000. Kingswood Wealth Advisors LLC lifted its position in NuScale Power by 16.5% in the third quarter. Kingswood Wealth Advisors LLC now owns 41,225 shares of the company’s stock valued at $1,484,000 after acquiring an additional 5,839 shares during the last quarter. SLT Holdings LLC boosted its stake in NuScale Power by 12.7% in the third quarter. SLT Holdings LLC now owns 13,578 shares of the company’s stock valued at $489,000 after acquiring an additional 1,528 shares in the last quarter. SG Americas Securities LLC grew its holdings in shares of NuScale Power by 916.0% during the third quarter. SG Americas Securities LLC now owns 162,441 shares of the company’s stock worth $5,848,000 after purchasing an additional 146,453 shares during the last quarter. Finally, Spire Wealth Management grew its holdings in shares of NuScale Power by 74.6% during the third quarter. Spire Wealth Management now owns 7,986 shares of the company’s stock worth $287,000 after purchasing an additional 3,413 shares during the last quarter. Hedge funds and other institutional investors own 78.37% of the company’s stock.

About NuScale Power

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.