<div id="readability-page-1"><p>NuScale Power Co. (NYSE:SMR - Get Free Report) shares rose 7% on Monday . The stock traded as high as $24.98 and last traded at $24.62. Approximately 3,279,713 shares were traded  during mid-day trading, a decline of 47% from the average daily volume of 6,190,904 shares. The stock had previously closed at $23.01.</p><div><p><span></span><span>Get <strong>NuScale Power</strong> alerts:</span></p></div><h2>Wall Street Analyst Weigh In</h2><ul><li>California Resources Stock Could Be a Huge Long-Term Winner</li></ul><p>SMR has been the topic of several research analyst reports. CLSA started coverage on NuScale Power in a research report on Friday, September 13th. They issued an &#34;outperform&#34; rating and a $11.00 price objective on the stock. Craig Hallum increased their price target on shares of NuScale Power from $16.00 to $21.00 and gave the stock a &#34;buy&#34; rating in a research note on Thursday, October 17th. One research analyst  has rated the stock with a sell rating, one  has given a hold rating and five have assigned  a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of &#34;Moderate Buy&#34; and an average price target of $10.39.</p><p><b>Get Our Latest Analysis on SMR</b></p><h2>NuScale Power Stock Performance</h2><ul><li>Top Nuclear Stocks Thriving on Soaring Energy Demand</li></ul><p>The firm's 50 day moving average is $15.50 and its 200 day moving average is $11.44. The stock has a market cap of $6.46 billion, a P/E ratio of -26.38 and a beta of 1.12. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.66 and a current ratio of 2.24. </p><h2>Insider Transactions at NuScale Power</h2><p>In related news, CFO Robert Ramsey Hamady sold 19,242 shares of the company's stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $7.98, for a total value of $153,551.16. Following the completion of the sale, the chief financial officer now directly owns 57,681 shares of the company's stock, valued at $460,294.38. This represents a 25.01 % decrease in their position. The sale was disclosed in a document filed with the Securities &amp; Exchange Commission, which is available through the SEC website. Also, insider Robert K. Temple sold 5,000 shares of NuScale Power stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $9.57, for a total value of $47,850.00. Following the completion of the transaction, the insider now owns 14,054 shares in the company, valued at $134,496.78. This trade represents a 26.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 428,293 shares of company stock valued at $5,679,222 over the last ninety days. Insiders own  1.96% of the company's stock. </p><h2>Hedge Funds Weigh In On NuScale Power</h2><ul><li>3 Stocks With High Short Interest Still Near Their 52-Week Highs</li></ul><p>A number of institutional investors have recently made changes to their positions in SMR. Swedbank AB purchased a new position in  NuScale Power during the first quarter worth approximately $18,585,000.  Geode Capital Management LLC raised its position in shares of  NuScale Power by 21.0% in the 3rd quarter. Geode Capital Management LLC now owns 1,829,843 shares of the company's stock valued at $21,194,000 after purchasing an additional 317,285 shares in the last quarter.  State Street Corp grew its holdings in  NuScale Power by 10.2% during the 3rd quarter. State Street Corp now owns 1,674,995 shares of the company's stock worth $19,396,000 after acquiring an additional 154,368 shares in the last quarter.  Van ECK Associates Corp lifted its holdings in  NuScale Power by 90.0% during the 3rd quarter. Van ECK Associates Corp now owns 1,235,457 shares of the company's stock worth $14,307,000 after buying an additional 585,292 shares during the last quarter.  Finally, Charles Schwab Investment Management Inc. boosted its holdings in  NuScale Power by 212.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 677,248 shares of the company's stock worth $7,843,000 after purchasing an additional 460,487 shares during the period. 15.28% of the stock is owned by institutional investors and hedge funds. </p><h2>About NuScale Power</h2> (Get Free Report)<p>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.</p><h2>Read More</h2><ul><li>Five stocks we like better than NuScale Power</li><li>The 3 Best Retail Stocks to Shop for in August</li><li>Is Monolithic Power Systems a Screaming Buy After Near 40% Drop?</li><li>Natural Gas Prices Continue To Rally, These Stocks Should Benefit</li><li>Applied Materials Market Capitulates: Now is the Time to Buy</li><li>Procter &amp; Gamble <span>NYSE: PG<span></span></span> Pulls Back After Shaky Guidance</li><li>3 Ultra-High Dividend Yield Stocks for the New Year</li></ul><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. 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<p>NuScale Power (NYSE:SMR) shares rose 7% on Monday, trading at $7.62 after closing at $7.01. Approximately 3.28 million shares were traded, a 47% decline from the average daily volume. Analysts have mixed ratings, with one sell, one hold, and five buy ratings, leading to a consensus rating of "Moderate Buy". The stock has a market cap of $1.46 billion and a P/E ratio of -26.38. Recent insider sales included CFO Robert Ramsey Hamady selling 19,242 shares. Institutional investors have also increased their positions in the company.</p>

NuScale Power (NYSE:SMR) Shares Up 7% - Here's What Happened