Traders Purchase Large Volume of NuScale Power Call Options (NYSE:SMR)

NuScale Power Corporation (NYSE:SMR) saw some unusual options trading on Tuesday. Investors bought 78,629 call options on the company. This represents an increase of 29% compared to the typical volume of 60,840 call options.

Analysts Set New Price Targets

SMR has been the topic of a number of research analyst reports. Weiss Ratings reissued a “sell (d-)” rating on shares of NuScale Power in a research report on Wednesday, June 24th. Barclays decreased their target price on NuScale Power from $15.00 to $11.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 22nd. B. Riley Financial cut their price target on NuScale Power from $19.00 to $15.00 and set a “buy” rating on the stock in a report on Friday, August 14th. Northland Securities set a $16.00 price objective on NuScale Power in a research note on Thursday, August 6th. Finally, Royal Bank Of Canada decreased their price objective on NuScale Power from $14.00 to $10.00 and set a “sector perform” rating for the company in a report on Tuesday, August 11th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, nine have issued a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $13.50.

NuScale Power Trading Up 8.4%

Shares of SMR traded up $0.76 on Tuesday, reaching $9.81. The company’s stock had a trading volume of 55,374,176 shares, compared to its average volume of 30,755,682. NuScale Power has a twelve month low of $7.21 and a twelve month high of $57.42. The stock has a market capitalization of $4.22 billion, a PE ratio of -3.36 and a beta of 2.26. The firm has a fifty day moving average of $9.32 and a 200-day moving average of $11.13.

NuScale Power (NYSE:SMR) last released its quarterly earnings results on Wednesday, August 5th. The company reported ($0.13) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.13). The business had revenue of $0.07 million during the quarter, compared to the consensus estimate of $8.80 million. NuScale Power had a negative return on equity of 35.59% and a negative net margin of 3,888.70%.The company’s quarterly revenue was down 99.1% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.11) EPS. As a group, equities analysts anticipate that NuScale Power will post -0.64 EPS for the current fiscal year.

Insiders Place Their Bets

In other NuScale Power news, Director Shinji Fujino sold 20,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $8.86, for a total value of $177,200.00. Following the completion of the transaction, the director directly owned 17,242 shares in the company, valued at approximately $152,764.12. This represents a 53.70% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, COO Carl M. Fisher sold 18,771 shares of NuScale Power stock in a transaction that occurred on Wednesday, August 5th. The stock was 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. This represents a 14.06% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders own 1.28% of the company’s stock.

Institutional Investors Weigh In On NuScale Power

Several institutional investors have recently bought and sold shares of SMR. Van ECK Associates Corp boosted its holdings in NuScale Power by 117.8% during the fourth quarter. Van ECK Associates Corp now owns 11,515,561 shares of the company’s stock worth $163,176,000 after purchasing an additional 6,227,747 shares during the last quarter. Renaissance Technologies LLC bought a new stake in NuScale Power in the 1st quarter worth about $59,141,000. Vanguard Group Inc. increased its stake in NuScale Power by 40.5% in the 4th quarter. Vanguard Group Inc. now owns 15,545,018 shares of the company’s stock valued at $220,273,000 after buying an additional 4,482,254 shares during the last quarter. Voloridge Investment Management LLC purchased a new stake in NuScale Power in the 4th quarter valued at about $48,993,000. Finally, California State Teachers Retirement System lifted its position in shares of NuScale Power by 1,622.5% during the 2nd quarter. California State Teachers Retirement System now owns 3,455,305 shares of the company’s stock worth $344,497,000 after buying an additional 3,254,704 shares in 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.