NuScale Power Sees Unusually High Options Volume (NYSE:SMR)

NuScale Power Corporation (NYSE:SMR) was the recipient of unusually large options trading on Tuesday. Stock investors purchased 125,263 call options on the stock. This represents an increase of 67% compared to the typical volume of 75,056 call options.

Analysts Set New Price Targets

Several analysts have commented on SMR shares. TD Cowen cut shares of NuScale Power from a “buy” rating to a “hold” rating in a research note on Wednesday, February 11th. Northland Securities set a $19.00 price objective on shares of NuScale Power in a research note on Monday, May 11th. Bank of America initiated coverage on shares of NuScale Power in a research report on Friday, May 22nd. They set a “neutral” rating and a $12.00 price target for the company. Citigroup cut their price objective on shares of NuScale Power from $9.00 to $7.00 and set a “sell” rating on the stock in a report on Monday, May 11th. Finally, Royal Bank Of Canada cut their price objective on shares of NuScale Power from $21.00 to $14.00 and set a “sector perform” rating on the stock in a report on Monday, March 2nd. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, nine have given a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $15.92.

NuScale Power Price Performance

Shares of NYSE:SMR traded up $1.04 during trading on Tuesday, reaching $13.95. 41,354,963 shares of the company’s stock traded hands, compared to its average volume of 30,765,722. NuScale Power has a 12 month low of $8.85 and a 12 month high of $57.42. The company has a 50 day moving average of $11.43 and a 200-day moving average of $15.05. The stock has a market capitalization of $5.10 billion, a P/E ratio of -4.78 and a beta of 2.20.

NuScale Power (NYSE:SMR) last announced its quarterly earnings data on Thursday, May 7th. The company reported ($0.14) earnings per share for the quarter, missing analysts’ consensus estimates 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 business had revenue of $0.57 million for the quarter, compared to the consensus estimate of $7.00 million. The firm’s revenue was down 95.8% on a year-over-year basis. Equities research analysts predict that NuScale Power will post -0.46 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Corp Fluor sold 13,500,000 shares of NuScale Power stock in a transaction that occurred on Thursday, April 9th. The stock was sold at an average price of $12.07, for a total transaction of $162,945,000.00. Following the completion of the transaction, the director directly owned 26,436,472 shares in the company, valued at $319,088,217.04. The trade was a 33.80% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In the last three months, insiders sold 39,936,472 shares of company stock worth $472,831,169. Insiders own 1.28% of the company’s stock.

Institutional Investors Weigh In On NuScale Power

A number of institutional investors have recently modified their holdings of the business. Cibc World Market Inc. grew its position in shares of NuScale Power by 3.8% during the 3rd quarter. Cibc World Market Inc. now owns 9,000 shares of the company’s stock valued at $324,000 after buying an additional 329 shares during the last quarter. MAI Capital Management grew its position in NuScale Power by 37.0% in the 3rd quarter. MAI Capital Management now owns 1,654 shares of the company’s stock worth $60,000 after purchasing an additional 447 shares during the last quarter. Arizona State Retirement System grew its position in NuScale Power by 1.7% in the 3rd quarter. Arizona State Retirement System now owns 35,523 shares of the company’s stock worth $1,279,000 after purchasing an additional 587 shares during the last quarter. Harbour Investments Inc. grew its position in NuScale Power by 32.4% in the 4th quarter. Harbour Investments Inc. now owns 2,419 shares of the company’s stock worth $34,000 after purchasing an additional 592 shares during the last quarter. Finally, Principal Financial Group Inc. grew its position in NuScale Power by 7.6% in the 3rd quarter. Principal Financial Group Inc. now owns 9,706 shares of the company’s stock worth $349,000 after purchasing an additional 688 shares during the last quarter. Institutional investors own 78.37% of the company’s stock.

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.