NuScale Power (SMR) Receives a Buy from Craig-Hallum

In a report released today, Eric Stine from Craig-Hallum maintained a Buy rating on NuScale Power. The company’s shares closed yesterday at $40.61.

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According to TipRanks, Stine is a 5-star analyst with an average return of 15.6% and a 40.36% success rate. Stine covers the Industrials sector, focusing on stocks such as Electrovaya, Power Solutions, and Aspen Aerogels.

Currently, the analyst consensus on NuScale Power is a Hold with an average price target of $40.50.

Based on NuScale Power’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $8.05 million and a GAAP net loss of $17.64 million. In comparison, last year the company earned a revenue of $967 thousand and had a GAAP net loss of $27.62 million

Based on the recent corporate insider activity of 59 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of SMR in relation to earlier this year. Earlier this month, FLUOR CORP, a Director at SMR sold 908,761.00 shares for a total of $36,868,176.10.