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.
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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.
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.
When is NuScale Power (NYSE:SMR) reporting earnings?
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.
- 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.
- NuScale Power Corporation is well-positioned to capitalize on various growth opportunities in the nuclear power industry.
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- Style is an investment factor that has a meaningful impact on investment risk and returns.
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 https://1investing.in/ 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.
NuScale Power (NYSE: SMR)
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.
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 sbi cheque book delivery status 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.
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.
- NuScale Power’s stock is owned by a number of institutional and retail investors.
- The company aims to provide safe, reliable, cost-effective nuclear energy solutions to meet the world’s growing demand for clean and sustainable power.
- Zacks Earnings ESP (Expected Surprise Prediction) looks to find companies that have recently seen positive earnings estimate revision activity.
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.
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.
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.
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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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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.
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.
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.