NuScale Power (SMR) Set to Announce Quarterly Earnings on Thursday

NuScale Power (NYSE:SMR) is scheduled to announce its earnings results after the market closes on Thursday, May 9th. Analysts expect the company to announce earnings of ($0.21) per share for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link.

NuScale Power (NYSE:SMR) last released its quarterly earnings results on Thursday, March 14th. The company reported ($0.25) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.22) by ($0.03). NuScale Power had a negative net margin of 255.86% and a negative return on equity of 29.93%. The firm had revenue of $4.56 million for the quarter, compared to analyst estimates of $1.75 million. On average, analysts expect NuScale Power to post $-1 EPS for the current fiscal year and $0 EPS for the next fiscal year.

NuScale Power Price Performance

NYSE:SMR opened at $5.66 on Wednesday. NuScale Power has a 1-year low of $1.81 and a 1-year high of $11.21. The stock has a market cap of $1.33 billion, a P/E ratio of -7.08 and a beta of 0.98. The firm has a 50-day moving average of $5.39 and a two-hundred day moving average of $3.76.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on SMR shares. Wells Fargo & Company restated an “underweight” rating and set a $4.50 price objective (down previously from $7.50) on shares of NuScale Power in a research note on Tuesday, March 19th. UBS Group upped their price target on shares of NuScale Power from $2.00 to $10.00 and gave the company a “neutral” rating in a report on Tuesday, March 19th. Canaccord Genuity Group started coverage on shares of NuScale Power in a report on Monday, January 29th. They set a “buy” rating and a $4.25 price objective for the company. Finally, Canaccord Genuity Group upped their target price on shares of NuScale Power from $4.25 to $8.00 and gave the company a “buy” rating in a research note on Monday, March 18th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $7.75.

Insider Activity at NuScale Power

In other NuScale Power news, insider Clayton Scott sold 7,191 shares of the firm’s stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $6.04, for a total value of $43,433.64. Following the sale, the insider now directly owns 43,549 shares in the company, valued at $263,035.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, General Counsel Robert K. Temple sold 23,806 shares of the company’s stock in a transaction on Monday, May 6th. The stock was sold at an average price of $6.07, for a total value of $144,502.42. Following the completion of the sale, the general counsel now owns 19,054 shares in the company, valued at $115,657.78. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Clayton Scott sold 7,191 shares of NuScale Power stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $6.04, for a total value of $43,433.64. Following the transaction, the insider now directly owns 43,549 shares in the company, valued at $263,035.96. The disclosure for this sale can be found here. Insiders sold 115,899 shares of company stock worth $590,771 in the last 90 days. 1.96% of the stock is currently owned by company insiders.

NuScale Power Company Profile

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.