Citigroup Cuts NuScale Power (NYSE:SMR) Price Target to $9.00

NuScale Power (NYSE:SMR) had its price target reduced by Citigroup from $11.50 to $9.00 in a research note issued to investors on Tuesday,Benzinga reports. They currently have a sell rating on the stock.

Other equities research analysts have also recently issued research reports about the stock. Barclays lowered their target price on shares of NuScale Power from $45.00 to $15.00 and set an “equal weight” rating on the stock in a research note on Monday, February 23rd. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of NuScale Power in a research note on Friday, March 27th. Cantor Fitzgerald lowered their target price on shares of NuScale Power from $55.00 to $20.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 24th. Canaccord Genuity Group lowered their target price on shares of NuScale Power from $60.00 to $25.00 and set a “buy” rating on the stock in a research note on Friday, February 27th. Finally, Northland Securities raised shares of NuScale Power from a “market perform” rating to an “outperform” rating and set a $21.00 target price on the stock in a research note on Friday, February 27th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, nine have given a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $20.15.

NuScale Power Stock Down 6.3%

Shares of SMR opened at $12.71 on Tuesday. NuScale Power has a 52-week low of $8.85 and a 52-week high of $57.42. The firm’s fifty day moving average is $11.89 and its two-hundred day moving average is $20.20. The stock has a market cap of $4.30 billion, a PE ratio of -4.40 and a beta of 2.27.

NuScale Power (NYSE:SMR) last announced its earnings results on Thursday, February 26th. The company reported ($0.80) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.10) by ($0.70). NuScale Power had a negative return on equity of 55.23% and a negative net margin of 1,130.26%.The business had revenue of $1.81 million for the quarter, compared to analyst estimates of $8.76 million. As a group, research analysts anticipate that NuScale Power will post -0.49 earnings per share for the current year.

Insider Activity

In other news, CEO John Lawrence Hopkins sold 82,667 shares of the business’s stock in a transaction dated Tuesday, March 3rd. The shares were sold at an average price of $12.22, for a total transaction of $1,010,190.74. Following the transaction, the chief executive officer owned 117,018 shares of the company’s stock, valued at approximately $1,429,959.96. The trade was a 41.40% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CTO Jose N. Reyes, Jr. sold 25,951 shares of the business’s stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $12.22, for a total transaction of $317,121.22. Following the transaction, the chief technology officer directly owned 268,081 shares in the company, valued at approximately $3,275,949.82. The trade was a 8.83% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 40,572,082 shares of company stock worth $481,029,608. Insiders own 1.20% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Vanguard Group Inc. boosted its position in shares of NuScale Power by 40.5% during the 4th quarter. Vanguard Group Inc. now owns 15,545,018 shares of the company’s stock valued at $220,273,000 after acquiring an additional 4,482,254 shares during the last quarter. Van ECK Associates Corp boosted its position in shares of NuScale Power by 117.8% during the 4th quarter. Van ECK Associates Corp now owns 11,515,561 shares of the company’s stock valued at $163,176,000 after acquiring an additional 6,227,747 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of NuScale Power by 22.6% during the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,310,961 shares of the company’s stock valued at $263,195,000 after acquiring an additional 1,346,796 shares during the last quarter. Morgan Stanley boosted its position in shares of NuScale Power by 81.0% during the 4th quarter. Morgan Stanley now owns 5,277,905 shares of the company’s stock valued at $74,788,000 after acquiring an additional 2,361,532 shares during the last quarter. Finally, Samsung C&T Corp boosted its position in shares of NuScale Power by 98.9% during the 3rd quarter. Samsung C&T Corp now owns 5,185,804 shares of the company’s stock valued at $186,689,000 after acquiring an additional 2,578,702 shares during the last quarter. Institutional investors and hedge funds own 78.37% of the company’s stock.

Key Headlines Impacting NuScale Power

Here are the key news stories impacting NuScale Power this week:

• Positive Sentiment: Short-term bullish positioning ahead of Q1: SMR jumped ~16% as investors bought shares ahead of the company’s Q1 report, reflecting optimism that results or guidance could reduce near-term uncertainty. Q1 Earnings Loom, Jumps 16%
• Neutral Sentiment: Narrative reset — modest price-target tweaks but mixed outlook: Some research trims modeled fair value slightly while still arguing there’s upside if projects and capital plans stay on track; this keeps the investment case alive but underscores timing and execution risk. Narrative Shifting / Price Target Reset
• Neutral Sentiment: Balanced commentary on long-term tradeoff: Coverage pieces frame NuScale as “at a crossroads,” weighing the promise of SMR technology vs. long commercialization timelines and funding needs — useful context but not an immediate catalyst. At Crossroads: Buy Hype or Sell Execution Risks?
• Negative Sentiment: Large insider sale increases supply pressure: Director Corp Fluor sold 13.5 million shares at about $11.81 each (~$159.4M), a big block that likely adds selling pressure and raises investor concern about insider liquidity timing. SEC Filing — Form 4
• Negative Sentiment: Analyst downgrades and lower price targets: Citigroup cut its target to $9.00 and coverage notes have triggered downside trading; one report flagged an ~8.9% intraday drop on the downgrade. Citigroup Lowers PT to $9.00 Trading Down on Analyst Downgrade
• Negative Sentiment: Structural headwinds highlighted in coverage: Deep-dive analyses note the stock has fallen sharply over recent months and point to commercialization, timeline slippage and capital requirements as ongoing risks that could weigh on the share price absent visible project progress. Why Stock Fell 70% in 6 Months

About NuScale Power

NuScale Power Corporation, trading on the NYSE American under the ticker SMR, is a pioneering developer of small modular nuclear reactors. Established in 2007 as a spinout from Oregon State University, the company is headquartered in Portland, Oregon. NuScale’s mission is to deliver zero-carbon baseload power through scalable modular reactor technology, aiming to transform traditional nuclear energy deployment.

At the core of NuScale’s offering is the VOYGR small modular reactor design, featuring 77-megawatt electric (MWe) modules with passive safety systems.