NuScale Power (NYSE:SMR) Shares Gap Up - Here's What Happened

NuScale Power Co. (NYSE:SMR) saw a notable rise in its share price as it gapped up ahead of the market opening on Tuesday. Previously, the stock closed at $14.16; however, it opened significantly higher at $14.75. As the trading session progressed, shares of NuScale Power were last seen at $14.14, with a considerable trading volume of 1,078,244 shares.

Wall Street Analysts Forecast Growth

Recent analyses from Wall Street have pointed towards positive growth within the nuclear sector. Specifically, analysts have mentioned that NVIDIA is experiencing burgeoning energy demands, making several nuclear stocks, including NuScale Power, worth considering for investment.

NuScale Power Price Performance

Currently, NuScale Power's stock has a 50-day moving average of $20.21 and a 200-day moving average of $19.67. Financial metrics show the company has a market capitalization of $4.10 billion, a P/E ratio of -15.31, and a beta of 1.58. The company's liquidity position is strong, with a quick ratio of 2.24 and a current ratio of 2.24, along with a manageable debt-to-equity ratio of 0.26.

Insider Buying and Selling at NuScale Power

In recent insider trading, CEO John Lawrence Hopkins sold 664,568 shares of NuScale Power on January 2nd, at an average price of $18.04, resulting in a transaction worth approximately $11,988,806.72. Post-sale, the CEO holds 34,675 shares in the company, valued at about $625,537. Additionally, VP Jacqueline F. Engel sold 24,618 shares on March 4th at an average price of $14.52, equating to a transaction amount of $357,453.36. This reduction in stock ownership represented significant decreases of 95.04% and 95.54% in their respective positions. Thus far, insiders have sold 720,682 shares totaling $12,840,747 in the past 90 days, with company insiders collectively holding 1.96% of shares.

Institutional Inflows and Outflows

A number of hedge funds have been adjusting their holdings in NuScale Power. For instance, CoreCap Advisors LLC established a new position in the company during the fourth quarter with an estimated value of around $33,000. Venturi Wealth Management LLC increased its stake by a staggering 313.8%, now owning 1,978 shares valued at $35,000. Similarly, Toth Financial Advisory Corp heightened its position by 600%, now holding shares valued at $38,000 after purchasing additional shares in the last quarter. Furthermore, Twin Tree Management LP and Zurcher Kantonalbank have also made new investments in NuScale Power recently. Currently, institutional investors own 78.37% of the stock.

About NuScale Power

NuScale Power Corporation focuses on the development and sale of modular light water reactor nuclear power plants. These plants are designed to provide energy for various applications, including electrical generation, district heating, desalination, and hydrogen production. The company offers the NuScale Power Module (NPM), capable of generating 77 megawatts of electricity (MWe), along with various VOYGR power plant designs accommodating different configurations.

Should You Invest $1,000 in NuScale Power Right Now?

Before considering an investment in NuScale Power, it's essential to analyze the current market sentiment and predictions among leading analysts. While the stock maintains a Moderate Buy rating, top analysts have identified five alternative stocks they deem more lucrative at this time.

NuScale, Stocks, Investing