NuScale Power (NYSE:SMR) Shares Gap Up – What’s Next?

Shares of NuScale Power Co. (NYSE:SMR) gapped up prior to trading on Tuesday . The stock had previously closed at $14.16, but opened at $14.75. NuScale Power shares last traded at $14.14, with a volume of 1,078,244 shares.

Wall Street Analysts Forecast Growth

Separately, UBS Group dropped their price objective on shares of NuScale Power from $25.00 to $17.00 and set a “neutral” rating for the company in a report on Friday, March 7th.

NuScale Power Price Performance

The company has a market cap of $4.10 billion, a P/E ratio of -15.31 and a beta of 1.58. The firm’s 50-day moving average is $20.21 and its two-hundred day moving average is $19.67. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.24 and a quick ratio of 2.24.

Insider Transactions at NuScale Power

In related news, CEO John Lawrence Hopkins sold 664,568 shares of the firm’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $18.04, for a total value of $11,988,806.72. Following the completion of the sale, the chief executive officer now directly owns 34,675 shares in the company, valued at $625,537. This trade represents a 95.04 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Robert Ramsey Hamady sold 31,496 shares of the stock in a transaction on Friday, March 7th. The shares were sold at an average price of $15.70, for a total transaction of $494,487.20. Following the completion of the sale, the chief financial officer now directly owns 29,985 shares in the company, valued at approximately $470,764.50. This represents a 51.23 % decrease in their position. 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 three months. Insiders own 1.96% of the company’s stock.

Institutional Trading of NuScale Power

Several institutional investors have recently added to or reduced their stakes in SMR. California State Teachers Retirement System raised its holdings in shares of NuScale Power by 17.9% in the fourth quarter. California State Teachers Retirement System now owns 79,687 shares of the company’s stock worth $1,429,000 after buying an additional 12,070 shares during the period. Wealth Enhancement Advisory Services LLC purchased a new stake in NuScale Power in the fourth quarter worth $207,000. Total Wealth Planning & Management Inc. bought a new stake in shares of NuScale Power during the fourth quarter worth $324,000. Glen Eagle Advisors LLC bought a new position in shares of NuScale Power in the fourth quarter worth about $208,000. Finally, Voloridge Investment Management LLC purchased a new position in NuScale Power in the 4th quarter worth about $1,766,000. Institutional investors own 78.37% of the company’s stock.

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.