RBC Capital Sticks to Its Hold Rating for NuScale Power (SMR)

RBC Capital analyst Chris Dendrinos maintained a Hold rating on NuScale Power on April 10 and set a price target of $14.00. The company’s shares closed yesterday at $9.21.

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Dendrinos covers the Technology sector, focusing on stocks such as First Solar, Enphase Energy, and SolarEdge Technologies. According to TipRanks, Dendrinos has an average return of 53.1% and a 54.19% success rate on recommended stocks.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for NuScale Power with a $17.39 average price target.

Based on NuScale Power’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $1.81 million and a GAAP net loss of $50.83 million. In comparison, last year the company earned a revenue of $34.22 million and had a GAAP net loss of $74.98 million

Based on the recent corporate insider activity of 47 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. Last month, FLUOR CORP, a Director at SMR sold 463,747.00 shares for a total of $6,093,635.58.