Canaccord Genuity Group Cuts NuScale Power (NYSE:SMR) Price Target to $15.00

NuScale Power (NYSE:SMR) had its price objective lowered by Canaccord Genuity Group from $25.00 to $15.00 in a research note released on Thursday morning,Benzinga reports. The brokerage currently has a buy rating on the stock.

A number of other research analysts also recently commented on the stock. Bank of America started coverage on shares of NuScale Power in a research report on Friday, May 22nd. They set a “neutral” rating and a $12.00 target price on the stock. Northland Securities set a $16.00 price objective on shares of NuScale Power in a research note on Thursday. HSBC assumed coverage on shares of NuScale Power in a research note on Thursday, April 23rd. They set a “hold” rating and a $13.00 price objective on the stock. Truist Financial began coverage on shares of NuScale Power in a research note on Monday, July 13th. They issued a “hold” rating and a $10.00 price objective for the company. Finally, Citigroup lowered their target price on NuScale Power from $7.50 to $6.50 and set a “sell” rating for the company in a report on Thursday. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, nine have assigned a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, NuScale Power currently has an average rating of “Hold” and a consensus price target of $14.12.

NuScale Power Trading Up 3.6%

Shares of NuScale Power stock opened at $9.81 on Thursday. The firm has a market cap of $3.59 billion, a P/E ratio of -3.36 and a beta of 2.26. NuScale Power has a 12 month low of $7.21 and a 12 month high of $57.42. The stock’s fifty day moving average price is $9.70 and its 200-day moving average price is $11.93.

NuScale Power (NYSE:SMR) last released its quarterly earnings data on Wednesday, August 5th. The company reported ($0.13) earnings per share for the quarter, meeting the consensus estimate of ($0.13). NuScale Power had a negative return on equity of 46.91% and a negative net margin of 3,888.70%.The firm had revenue of $0.07 million during the quarter, compared to the consensus estimate of $8.80 million. During the same period in the previous year, the company posted ($0.11) earnings per share. The firm’s quarterly revenue was down 99.1% on a year-over-year basis. Analysts forecast that NuScale Power will post -0.45 earnings per share for the current year.

Insider Buying and Selling

In other NuScale Power news, COO Carl M. Fisher sold 18,771 shares of the business’s stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $9.36, for a total value of $175,696.56. Following the completion of the transaction, the chief operating officer directly owned 114,718 shares in the company, valued at approximately $1,073,760.48. The trade was a 14.06% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Corporate insiders own 1.28% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the company. Harbour Investments Inc. lifted its position in NuScale Power by 32.4% during the fourth quarter. Harbour Investments Inc. now owns 2,419 shares of the company’s stock valued at $34,000 after acquiring an additional 592 shares during the last quarter. Arax Advisory Partners grew its holdings in NuScale Power by 26.0% in the fourth quarter. Arax Advisory Partners now owns 3,739 shares of the company’s stock worth $53,000 after purchasing an additional 772 shares during the last quarter. Newbridge Financial Services Group Inc. grew its holdings in NuScale Power by 7.7% in the third quarter. Newbridge Financial Services Group Inc. now owns 14,270 shares of the company’s stock worth $514,000 after purchasing an additional 1,015 shares during the last quarter. Triumph Capital Management acquired a new position in shares of NuScale Power during the third quarter worth $37,000. Finally, Parallel Advisors LLC lifted its holdings in shares of NuScale Power by 1.8% during the 1st quarter. Parallel Advisors LLC now owns 59,898 shares of the company’s stock valued at $649,000 after purchasing an additional 1,053 shares during the last quarter. Hedge funds and other institutional investors own 78.37% of the company’s stock.

More NuScale Power News

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

• Positive Sentiment: Management emphasized discussions with the Tennessee Valley Authority and near-term deployment readiness. Approved reactor designs, available fuel, qualified suppliers and approximately $1.9 billion in liquidity could help NuScale advance projects despite limited current revenue. SMR Q2 Earnings Call Focuses on TVA and Deployment Readiness
• Positive Sentiment: NuScale, Curio and Framatome signed a memorandum of understanding to evaluate fuel recycling, manufacturing and other advanced nuclear-fuel-cycle technologies. The agreement may strengthen NuScale’s long-term commercialization prospects and address fuel-supply needs for future reactors. Curio, NuScale Power, and Framatome Sign Strategic MOU
• Positive Sentiment: Northland Securities maintained its Buy rating, while Canaccord Genuity retained a Buy rating despite reducing its price target from $25 to $15. The continued bullish ratings reflect confidence in future reactor deployments, though the lower target signals a more cautious valuation view. Northland Securities Keeps Buy Rating
• Neutral Sentiment: Analyst sentiment remains mixed. Several firms are neutral, and the reported consensus rating is Hold with an average target near $14.12. This suggests potential upside, but also substantial uncertainty around execution and timing. Analysts Are Neutral on NuScale Power
• Neutral Sentiment: COO Carl Fisher sold 18,771 shares worth approximately $176,000 to cover tax withholding on vested equity awards. Because the transaction was tax-related, it may have limited bearish significance, although his direct ownership fell 14.06%. SEC insider transaction filing
• Negative Sentiment: Second-quarter revenue plunged about 99% year over year to roughly $70,000–$80,000, far below the $8.8 million estimate, as RoPower-related work wound down. The $0.13-per-share loss met expectations, but the revenue miss highlights commercialization-timing risk and continuing operating losses. SMR Q2 Earnings Meet Estimates, Revenues Miss
• Negative Sentiment: Citigroup lowered its price target from $7.50 to $6.50 and maintained a Sell rating, implying that current fundamentals do not yet justify the stock’s valuation. Citigroup price-target update

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.