NuScale Power (NYSE:SMR) Shares Down 9.8% Following Analyst Downgrade

NuScale Power Corporation (NYSE:SMR)’s stock price dropped 9.8% during mid-day trading on Tuesday after Citigroup lowered their price target on the stock from $9.00 to $7.00. Citigroup currently has a sell rating on the stock. NuScale Power traded as low as $11.48 and last traded at $11.9880. Approximately 40,760,708 shares were traded during mid-day trading, an increase of 40% from the average daily volume of 29,138,971 shares. The stock had previously closed at $13.29.

A number of other analysts also recently issued reports on SMR. Barclays lowered their target price on NuScale Power from $45.00 to $15.00 and set an “equal weight” rating on the stock in a research report on Monday, February 23rd. Northland Securities set a $19.00 target price on NuScale Power in a research report on Monday. B. Riley Financial lowered their target price on NuScale Power from $24.00 to $19.00 and set a “buy” rating on the stock in a research report on Friday, April 24th. Zacks Research raised NuScale Power from a “strong sell” rating to a “hold” rating in a research report on Friday, February 20th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of NuScale Power in a research report on Friday, March 27th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, nine have issued a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $19.08.

Insider Activity

In other NuScale Power news, insider Clayton Scott sold 22,478 shares of the business’s stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $12.22, for a total transaction of $274,681.16. Following the transaction, the insider owned 132,852 shares of the company’s stock, valued at $1,623,451.44. The trade was a 14.47% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CTO Jose N. Reyes, Jr. sold 25,951 shares of the business’s stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $12.22, for a total value 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. This trade represents a 8.83% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 40,572,082 shares of company stock valued at $481,029,608. 1.28% of the stock is owned by insiders.

NuScale Power News Summary

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

• Positive Sentiment: The U.S. Department of Energy is reportedly considering financing billions of dollars in long-lead-time components for nuclear plants, which could support broader nuclear-sector demand and benefit companies tied to reactor development. US considering financing billions of dollars in long-lead time parts of nuclear plants, NEI says
• Neutral Sentiment: Industry coverage highlighted stronger sentiment toward nuclear power and new partnerships across the sector, which may help long-term positioning but does not directly change NuScale’s fundamentals. Partnerships, Positive Sentiment Boost U.S. Nuclear
• Neutral Sentiment: Recent commentary said NuScale’s shares had risen earlier in the week after the market began lowering expectations following its latest results, suggesting the stock remains highly sensitive to changing sentiment. Analysts Have Lowered Expectations For NuScale Power Corporation (NYSE:SMR) After Its Latest Results
• Negative Sentiment: Citigroup cut its price target on NuScale Power to $7.00 and kept a sell rating, signaling concerns about valuation and the company’s ability to justify its current share price. NuScale Power had its price target lowered by Citigroup Inc. from $9.00 to $7.00
• Negative Sentiment: Comments about Flur’s weak quarterly results may add to caution around nuclear-industry execution risk, especially for companies dependent on large infrastructure and project delivery cycles. Fluor Q1 Earnings & Revenues Miss Estimates, Stock Down

Hedge Funds Weigh In On NuScale Power

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

NuScale Power Price Performance

The firm has a 50-day moving average price of $11.61 and a 200 day moving average price of $17.71. The company has a market cap of $4.05 billion, a price-to-earnings ratio of -4.11 and a beta of 2.24.

NuScale Power (NYSE:SMR) last posted its earnings results on Thursday, May 7th. The company reported ($0.14) EPS for the quarter, missing the consensus estimate of ($0.11) by ($0.03). NuScale Power had a negative net margin of 2,066.55% and a negative return on equity of 48.88%. The firm had revenue of $0.57 million during the quarter, compared to analyst estimates of $7.00 million. The firm’s revenue for the quarter was down 95.8% compared to the same quarter last year. On average, equities analysts anticipate that NuScale Power Corporation will post -0.44 EPS for the current fiscal year.

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.