NuScale Power (NYSE:SMR) Now Covered by Analysts at BTIG Research

Analysts at BTIG Research began coverage on shares of NuScale Power (NYSE:SMR) in a research report issued to clients and investors on Friday, MarketBeat Ratings reports. The brokerage set a “buy” rating and a $20.00 price target on the stock. BTIG Research’s price objective would indicate a potential upside of 32.14% from the company’s current price.

Separately, UBS Group reduced their price objective on shares of NuScale Power from $25.00 to $17.00 and set a “neutral” rating for the company in a research note on Friday, March 7th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $16.60.

NuScale Power Stock Up 1.9 %

Shares of NuScale Power stock opened at $15.14 on Friday. The company has a quick ratio of 2.24, a current ratio of 2.24 and a debt-to-equity ratio of 0.26. NuScale Power has a 12-month low of $4.61 and a 12-month high of $32.30. The firm has a market capitalization of $4.27 billion, a PE ratio of -15.93 and a beta of 1.64. The stock’s fifty day moving average is $18.11 and its 200-day moving average is $19.87.

Insider Activity

In other NuScale Power news, CTO Jose N. Reyes, Jr. sold 33,000 shares of NuScale Power stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $15.13, for a total transaction of $499,290.00. Following the completion of the sale, the chief technology officer now owns 516,207 shares of the company’s stock, valued at $7,810,211.91. This trade represents a 6.01 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP Jacqueline F. Engel sold 24,618 shares of the company’s stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $14.52, for a total transaction of $357,453.36. Following the completion of the transaction, the vice president now directly owns 1,149 shares in the company, valued at $16,683.48. This trade represents a 95.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 89,114 shares of company stock worth $1,351,231. 1.96% of the stock is owned by corporate insiders.

Institutional Trading of NuScale Power

Institutional investors have recently bought and sold shares of the company. Victory Capital Management Inc. raised its stake in shares of NuScale Power by 6.6% during the 4th quarter. Victory Capital Management Inc. now owns 10,669 shares of the company’s stock worth $191,000 after purchasing an additional 656 shares in the last quarter. HighTower Advisors LLC increased its holdings in NuScale Power by 7.3% in the third quarter. HighTower Advisors LLC now owns 12,108 shares of the company’s stock worth $140,000 after buying an additional 820 shares during the last quarter. Amalgamated Bank raised its position in NuScale Power by 51.8% during the fourth quarter. Amalgamated Bank now owns 2,889 shares of the company’s stock valued at $52,000 after acquiring an additional 986 shares in the last quarter. Summit Investment Advisors Inc. lifted its stake in NuScale Power by 16.6% in the fourth quarter. Summit Investment Advisors Inc. now owns 8,863 shares of the company’s stock valued at $159,000 after acquiring an additional 1,260 shares during the last quarter. Finally, Corient Private Wealth LLC grew its position in NuScale Power by 6.6% in the fourth quarter. Corient Private Wealth LLC now owns 21,130 shares of the company’s stock worth $379,000 after acquiring an additional 1,314 shares in the last quarter. Institutional investors and hedge funds 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.