Van Meerten reported in late November 2024 that NuScale Power (SMR) has shown exceptional price appreciation, gaining 212.09% since the Trend Seeker buy signal on 9/16, with 100% technical buy signals. The company specializes in modular light water reactor nuclear power plants, offering scalable solutions for various energy applications, and operates as a subsidiary of Fluor Enterprises.
Key technical indicators include a 1,075.49% gain in the last year, a Relative Strength Index of 72.75%, and trading above its 20, 50, and 100-day moving averages.Despite strong technicals, analyst opinions are mixed with a wide price target range, and MorningStar rates it as 32% undervalued with a Fair Value of $44.55. The Chart of the Day belongs to the nuclear reactor maker NuScale Power (SMR) . Van Meerten found the stock by using Barchart's powerful screening functions to find stocks with the highest technical buy signals, highest Weighted Alpha, superior current momentum and having a Trend Seeker buy signal then used the Flipchart feature to review the charts for consistent price appreciation. Since the Trend Seeker signaled a buy on 9/16 the stock gained 212.09%.
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. The company was founded in 2007 and is headquartered in Portland, Oregon. NuScale Power Corporation operates as a subsidiary of Fluor Enterprises, Inc.
Barchart's Opinion Trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 20 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com website when you read this report.
Barchart Technical Indicators On NuScale:
- 100% technical buy signals
- 446.95 Weighted Alpha
- 1,075.49% gain in the last year
- Trend Seeker buy signal
- 1.12 - 60 month Beta
- Above its 20, 50 and 100 day moving averages
- 13 new highs and up 69.62% in the last month
- Relative Strength Index 72.75%
- Technical support level at $28.36
- Recently traded at $30.21 with 50 day moving average of $17.40
Fundamental Factors:
- Market Cap $7.71 billion
- Revenue expected to grow 312.24% next year
- Earnings are estimated to increase by 47.04% next year
- Analysts and Investor Sentiment -- Van Meerten does not buys/sell stocks because everyone else is buying but Van Meerten does realize that if major firms and investors are dumping a stock it's hard to make money swimming against the tide:
- Wall Street analyst gave 5 strong buy, 2 hold and 1 sell opinion on the stock
- Analysts' price targets are between $4.50 and $29.00 - What a wide range!
- CFRAs MarketScope rates the stock a sell
- MorningStar gives the stock its average rating of 3 with a Fair Value of $44.55 or 32% under valued
- 11,820 investors monitor the stock on Seeking Alpha
Additional Disclosure:
The Barchart Chart of the Day highlights stocks that are experiencing exceptional current price appreciation. They are not intended to be buy recommendations as these stocks are extremely volatile and speculative. Should you decide to add one of these stocks to your investment portfolio it is highly suggested you follow a predetermined diversification and moving stop loss discipline that is consistent with your personal investment risk tolerance and reevaluate your stop losses at least on a weekly basis.
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