Robert K. Temple Sells 8,873 Shares of NuScale Power Co. (NYSE:SMR) Stock

NuScale Power Co. (NYSE:SMR) General Counsel Robert K. Temple sold 8,873 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 transaction of $53,592.92. Following the completion of the transaction, the general counsel now owns 42,860 shares of the company’s stock, valued at approximately $258,874.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

NuScale Power Trading Up 3.4 %

Shares of NYSE:SMR opened at $5.86 on Thursday. NuScale Power Co. has a 12 month low of $1.81 and a 12 month high of $11.21. The stock has a market cap of $1.37 billion, a P/E ratio of -7.32 and a beta of 0.98. The company has a 50 day moving average of $5.50 and a 200 day moving average of $3.79.

NuScale Power (NYSE:SMR) last announced its earnings results on Thursday, March 14th. The company reported ($0.25) earnings per share (EPS) for the quarter, missing the consensus estimate 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 company had revenue of $4.56 million for the quarter, compared to the consensus estimate of $1.75 million. On average, equities analysts forecast that NuScale Power Co. will post -0.64 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

SMR has been the subject of several recent research reports. Wells Fargo & Company reiterated an “underweight” rating and issued a $4.50 target price (down previously from $7.50) on shares of NuScale Power in a research note on Tuesday, March 19th. Canaccord Genuity Group initiated coverage on shares of NuScale Power in a research note on Monday, January 29th. They set a “buy” rating and a $4.25 price objective for the company. Canaccord Genuity Group boosted their price objective 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. Finally, UBS Group boosted their price objective on shares of NuScale Power from $2.00 to $10.00 and gave the company a “neutral” rating in a research note on Tuesday, March 19th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, NuScale Power presently has an average rating of “Hold” and a consensus price target of $7.75.

Institutional Investors Weigh In On NuScale Power

Hedge funds have recently bought and sold shares of the stock. Global Retirement Partners LLC bought a new stake in NuScale Power during the fourth quarter valued at approximately $25,000. Essex Private Wealth Management LLC bought a new stake in NuScale Power during the fourth quarter valued at approximately $33,000. Mesirow Financial Investment Management Inc. bought a new stake in NuScale Power during the first quarter valued at approximately $53,000. Sloy Dahl & Holst LLC bought a new stake in NuScale Power during the fourth quarter valued at approximately $33,000. Finally, Arizona State Retirement System bought a new stake in shares of NuScale Power in the 4th quarter worth approximately $34,000. 15.28% of the stock is currently owned by institutional investors.

About NuScale Power

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.