NuScale Power (NYSE:SMR) Shares Gap Up – Still a Buy?

NuScale Power Co. (NYSE:SMR) experienced a notable increase in its stock price before trading commenced on Thursday. The shares ended the previous session at $17.93 and opened at $18.57. As of the latest trading session, NuScale Power's stock was last recorded at $18.28, with a total volume of 1,545,194 shares exchanged.

Analyst Ratings Changes

Recently, several brokerage firms have provided updates regarding their opinions on NuScale Power's stock. On September 13th, CLSA initiated coverage on the company, assigning an "outperform" rating with a target price set at $11.00. In another positive note, Craig Hallum revised their price target from $16.00 to $21.00, recommending a "buy" rating on October 17th. Among the analysts covering SMR, there is a mix of ratings: one has issued a sell rating, one has designated it as a hold, while five analysts encourage a buy. According to MarketBeat.com, NuScale Power holds an average rating of "Moderate Buy" alongside an average price target of $10.39.

NuScale Power Trading Up 17.7%

NuScale Power's market capitalization currently stands at $5.32 billion, with a price-to-earnings (P/E) ratio of -21.95 and a beta of 1.33. The company has a fifty-day simple moving average of $22.80 and a two-hundred day simple moving average of $15.23. Its financial ratios indicate a debt-to-equity ratio of 0.26, a current ratio of 2.24, and a quick ratio of 2.24, which reflect a healthy financial status.

Insider Buying and Selling

In related news, Vice President Jacqueline F. Engel sold 18,186 shares on November 29th at an average price of $29.00, leading to a total sale value of $527,394. This transaction marked an 82.71% reduction in her holdings, leaving her with 3,801 shares valued at about $110,229. Furthermore, insider Robert K. Temple divested 115,866 shares on October 16th at an average price of $18.20, totaling approximately $2,108,761. Following this sale, Temple holds 14,054 shares worth about $255,782. Currently, insiders own around 1.96% of the company's stock.

Institutional Investors Weigh In On NuScale Power

Recent movements among institutional investors show a range of actions related to NuScale Power. In the third quarter, Zurcher Kantonalbank Zurich Cantonalbank established a new position in the company valued at $44,000, while US Bancorp DE also acquired new shares worth approximately $54,000. CWM LLC made significant additions to its stake, increasing its position by 4,593.8% and owning 5,304 shares valued at $61,000 after purchasing an additional 5,191 shares. Quest Partners LLC made a new investment in NuScale Power in the second quarter, valued at around $115,000. Finally, Victory Capital Management Inc. invested approximately $116,000 in the third quarter. Overall, institutional investors control 78.37% of NuScale Power's shares.

NuScale Power Company Profile

NuScale Power Corporation focuses on developing and selling modular light water reactor nuclear power plants. These facilities are designed to generate electricity, provide district heating, facilitate desalination, and support hydrogen production, along with other heat-related applications. The company's flagship product is the NuScale Power Module (NPM), capable of generating 77 megawatts of electricity (MWe), and it offers VOYGR power plant designs that accommodate one to four or six to twelve NPMs.

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