NuScale Power Co. (NYSE:SMR – Get Free Report)’s stock price shot up 11.4% during trading on Friday . The stock traded as high as $16.86 and last traded at $16.95. 2,475,514 shares were traded during mid-day trading, a decline of 79% from the average session volume of 11,560,538 shares. The stock had previously closed at $15.21.
Analyst Upgrades and Downgrades
Separately, UBS Group reduced their target price on shares of NuScale Power from $25.00 to $17.00 and set a “neutral” rating on the stock in a research note on Friday, March 7th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $12.58.
Get Our Latest Report on NuScale Power
NuScale Power Trading Up 15.3 %
Insider Buying and Selling
In related news, VP Jacqueline F. Engel sold 24,618 shares of the company’s stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $14.52, for a total transaction of $357,453.36. Following the transaction, the vice president now owns 1,149 shares in the company, valued at $16,683.48. This represents a 95.54 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO John Lawrence Hopkins sold 664,568 shares of the company’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $18.04, for a total transaction of $11,988,806.72. Following the transaction, the chief executive officer now owns 34,675 shares in the company, valued at approximately $625,537. The trade was a 95.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 720,682 shares of company stock worth $12,840,747 in the last 90 days. Corporate insiders own 1.96% of the company’s stock.
Institutional Inflows and Outflows
A number of large investors have recently added to or reduced their stakes in SMR. CoreCap Advisors LLC acquired a new position in NuScale Power during the 4th quarter valued at about $33,000. Venturi Wealth Management LLC lifted its position in NuScale Power by 313.8% during the 4th quarter. Venturi Wealth Management LLC now owns 1,978 shares of the company’s stock valued at $35,000 after purchasing an additional 1,500 shares during the period. Toth Financial Advisory Corp lifted its position in NuScale Power by 600.0% during the 4th quarter. Toth Financial Advisory Corp now owns 2,100 shares of the company’s stock valued at $38,000 after purchasing an additional 1,800 shares during the period. Twin Tree Management LP acquired a new position in NuScale Power during the 4th quarter valued at about $42,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in NuScale Power during the 3rd quarter valued at about $44,000. 78.37% of the stock is currently owned by institutional investors and hedge funds.
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.
Recommended Stories
- Five stocks we like better than NuScale Power
- 3 Grocery Stocks That Can Help Take a Bite Out of Inflation
- Ignore Reports, Apple Won’t Install Starlink with iOS 18.3
- How to Short a Stock in 5 Easy Steps
- Casey’s Uptrend Remains Strong—New Highs on the Horizon
- Expert Stock Trading Psychology Tips
- Taiwan Semiconductor’s Huge U.S. Move—Stock Impact Ahead
Receive News & Ratings for NuScale Power Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NuScale Power and related companies with MarketBeat.com's FREE daily email newsletter.