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NuScale Power SMR Stock Price Today

smr stock price

They bring a wealth of knowledge and expertise to guide the company’s strategic direction and drive innovation. While an incredibly risky market idea, NuScale Power stands as a unique opportunity in the field of small modular nuclear reactor technology, making SMR stock worth a look. © 2023 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions.

For example, a price above its moving average is generally considered an upward trend or a buy. NuScale Power Corporation operates in the dynamic and evolving nuclear power industry. The company is positioned within the heating equipment sector of the computer and technology industry.

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  • NuScale Power saw a increase in short interest during the month of August.
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  • NuScale Power Corporation faces risks and challenges that could impact its operations and financial performance.

The industry with the best average Zacks Rank would be considered the top industry (1 out of 265), which would place it in the top 1% of Zacks Ranked Industries. The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%. An industry with a larger percentage of Zacks Rank #1′s and #2′s will have a better average Zacks Rank than one with a larger percentage of Zacks Rank #4′s and #5′s. The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank. Get stock recommendations, portfolio guidance, and more from The Motley Fool’s premium services.

NuScale Power’s stock is owned by a number of institutional and retail investors. Top institutional investors include BlackRock Inc. (1.39%), Mirae Asset Global Investments Co. Ltd. (0.92%), Geode Capital Management LLC (0.38%), State Street Corp (0.35%), Wells Fargo & Company MN (0.22%) and Northern Trust Corp ohlc intraday strategy (0.19%). NuScale Power Corporation specializes in designing, developing, and deploying small modular reactors. These compact, scalable, and highly efficient reactors offer several advantages over traditional large-scale reactors. This groundbreaking SMR design can generate up to 60 megawatts of electricity.

Price and EPS Surprise Chart

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Why NuScale Power Stock Just Jumped 12 Percent – The Motley Fool

Why NuScale Power Stock Just Jumped 12 Percent.

Posted: Thu, 10 Aug 2023 07:00:00 GMT [source]

3 Wall Street research analysts have issued “buy,” “hold,” and “sell” ratings for NuScale Power in the last twelve months. The consensus among Wall Street research analysts is that investors should “hold” SMR shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in SMR, but not buy additional shares or sell existing shares.

Stocks With 1,000% Upside Potential

Data may be intentionally delayed pursuant to supplier requirements. NuScale Power Corporation has achieved several notable milestones in its journey toward commercializing its SMR technology. Nuclear Regulatory Commission (NRC) completed its review of NuScale’s Design Certification Application, marking a significant regulatory milestone for the company. This achievement demonstrated the viability and safety of NuScale’s innovative SMR design. Though NuScale Power may be a speculative investment, market gamblers should research SMR stock and the underlying potential ability to spark an energy paradigm shift.

Headquartered in Portland, Oregon, NuScale Power Corporation operates in various locations nationwide. It is at the forefront of developing innovative technologies that have the potential to transform the nuclear power industry. The Barchart Technical Opinion widget shows you today’s overally Barchart Opinion with general information on how to interpret the short and longer term signals. Unique to Barchart.com, Opinions analyzes a stock or commodity using 13 popular analytics in short-, medium- and long-term periods. Results are interpreted as buy, sell or hold signals, each with numeric ratings and summarized with an overall percentage buy or sell rating. After each calculation the program assigns a Buy, Sell, or Hold value with the study, depending on where the price lies in reference to the common interpretation of the study.

NuScale Power Corp. engages in the commercialization of a modular, scalable 77 megawatt electric Light Water Reactor nuclear power plant using rights to a nuclear power plant design. Its products include VOYGR SMR Plants and Energy Exploration (E2) Centers. The company was founded by José N. Reyes in 2007 and is headquartered in Portland, OR.

NuScale Power (SMR) Stock Forecast, Price & News

More value-oriented stocks tend to represent financial services, utilities, and energy stocks. NuScale Power Corporation faces risks and challenges that could impact its operations and financial performance. These include regulatory uncertainties, public perception of nuclear power, competition from alternative energy sources, and the complexity of nuclear project development. The company must navigate these challenges through effective risk management strategies, regulatory compliance, and continued innovation to mitigate potential negative impacts. NuScale Power Corporation is well-positioned to capitalize on various growth opportunities in the nuclear power industry. The company’s innovative SMR technology offers potential advantages such as reduced capital costs, enhanced safety features, and flexibility in deployment.

smr stock price

There’s also a VGM Score (‘V’ for Value, ‘G’ for Growth and ‘M’ for Momentum), which combines the weighted average of the individual style scores into one score. Compare
SMR’s historical performance
against its industry peers and the overall market. While NuScale Power Corporation (SMR) has witnessed steady revenue growth, it did not translate into its bottom-line improvement. With the stock exhibiting weak momentum, it’s not worth buying right now….

Current Stock Price for NuScale Power (SMR)?

SMR’s beta can be found in Trading Information at the top of this page. A stock’s beta measures how closely tied its price movements have been to the performance of the overall market. Style is an investment factor that has a meaningful impact on investment risk and returns. Style is calculated by combining value and growth scores, which are first individually calculated.

View analysts price targets for SMR or view top-rated stocks among Wall Street analysts. The company has established strategic collaborations and partnerships with industry leaders to advance its technology and facilitate commercialization. NuScale Power Corporation primarily targets the global nuclear power industry.

NuScale Power saw a increase in short interest during the month of August. As of August 15th, there was short interest totaling 9,640,000 shares, an increase of 24.2% from the July 31st total of 7,760,000 shares. Based on an average daily volume of 1,310,000 shares, the short-interest ratio is currently 7.4 days. NuScale Power Corporation is a leading company in advanced small modular reactors (SMRs) for nuclear power generation. The company aims to provide safe, reliable, cost-effective nuclear energy solutions to meet the world’s growing demand for clean and sustainable power.

John L. Hopkins serves as the President, Chief Executive Officer, and Director of NuScale Power Corporation. With a background in nuclear energy and a track record of leadership in the industry, Hopkins plays a pivotal role in steering the company toward success. Chris Colbert is the Chief Financial Officer overseeing the company’s financial operations. With his finance and business strategy expertise, Colbert ensures effective financial management and supports NuScale’s growth objectives. Data are provided ‘as is’ for informational purposes only and are not intended for trading purposes.

3 brokerages have issued 12 month price objectives for NuScale Power’s stock. On average, they predict the company’s share price to reach $12.17 in the next year. This suggests a possible upside of 91.3% from the stock’s current price.

As an investor, you want to buy stocks with the highest probability of success. That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style. The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style.

The Barchart Technical Opinion rating is a 88% Sell with a Weakening short term outlook on maintaining the current direction. One share of SMR stock can currently be purchased for approximately $6.36. The company is scheduled to release its next quarterly earnings announcement on Friday, November 10th 2023. Furthermore, NuScale Power Corporation secured contracts to deploy its SMR technology in various regions, including the United States, Canada, and Europe.

NuScale aims to seize opportunities by expanding its partnerships, securing new contracts, and exploring international markets. The company’s ongoing research and development efforts could also lead to further technological advancements and potential applications beyond power generation. At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system. Since 1988 it has more than doubled the S&P 500 with an average gain of +24.32% per year.

These contracts showcase the growing interest and confidence in NuScale’s SMR technology as a sustainable and reliable energy solution. The technique has proven to be very useful for finding positive surprises. Zacks Earnings ESP (Expected Surprise Prediction) looks to find companies that have recently seen positive earnings estimate revision activity. The idea is that more recent information is, generally speaking, more accurate and can be a better predictor of the future, which can give investors an advantage in earnings season. The scores are based on the trading styles of Value, Growth, and Momentum.

With the increasing demand for clean and sustainable energy sources, NuScale’s SMRs offer a promising solution to meet the electricity needs of various regions. The company aims to partner with utilities, energy companies, and government entities to deploy its SMR technology worldwide. High-growth stocks tend to represent the technology, healthcare, and communications sectors. They rarely distribute dividends to shareholders, opting for reinvestment in their businesses.

These returns cover a period from January 1, 1988 through July 31, 2023. A simple, equally-weighted average return of all Zacks Rank stocks is calculated to determine the monthly return. The monthly returns are then compounded to arrive at the annual return. Only Zacks Rank stocks included in https://1investing.in/ Zacks hypothetical portfolios at the beginning of each month are included in the return calculations. Certain Zacks Rank stocks for which no month-end price was available, pricing information was not collected, or for certain other reasons have been excluded from these return calculations.