NuScale Power (NYSE:SMR) Trading Down 4.2% – What’s Next?

Shares of NuScale Power Corporation (NYSE:SMR) fell 4.2% on Tuesday . The company traded as low as $9.67 and last traded at $10.0440. 28,479,679 shares were traded during mid-day trading, a decline of 2% from the average session volume of 29,109,133 shares. The stock had previously closed at $10.48.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on SMR. Barclays cut their price objective on NuScale Power from $45.00 to $15.00 and set an “equal weight” rating on the stock in a report on Monday, February 23rd. Cantor Fitzgerald cut their price objective on NuScale Power from $55.00 to $20.00 and set an “overweight” rating on the stock in a report on Tuesday, February 24th. The Goldman Sachs Group set a $9.00 price objective on NuScale Power in a report on Friday, May 8th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of NuScale Power in a report on Friday, March 27th. Finally, HSBC assumed coverage on NuScale Power in a report on Thursday, April 23rd. They set a “hold” rating and a $13.00 target price on the stock. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, nine have given a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, NuScale Power has a consensus rating of “Hold” and a consensus target price of $19.08.

NuScale Power Price Performance

The stock has a market capitalization of $4.16 billion, a price-to-earnings ratio of -3.90 and a beta of 2.24. The firm has a fifty day moving average of $11.42 and a 200 day moving average of $16.08.

NuScale Power (NYSE:SMR) last issued its quarterly earnings results on Thursday, May 7th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.03). The business had revenue of $0.57 million for the quarter, compared to analysts’ expectations of $7.00 million. NuScale Power had a negative return on equity of 48.88% and a negative net margin of 2,066.55%.The company’s quarterly revenue was down 95.8% compared to the same quarter last year. Research analysts predict that NuScale Power Corporation will post -0.46 EPS for the current year.

Insider Buying and Selling at NuScale Power

In other news, COO Carl M. Fisher sold 22,197 shares of the company’s stock in a transaction that occurred on Tuesday, March 3rd. The stock was sold at an average price of $12.22, for a total transaction of $271,247.34. Following the completion of the transaction, the chief operating officer directly owned 140,141 shares of the company’s stock, valued at $1,712,523.02. This represents a 13.67% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Clayton Scott sold 22,478 shares of the company’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 $274,681.16. Following the transaction, the insider directly owned 132,852 shares of the company’s stock, valued at approximately $1,623,451.44. The trade was a 14.47% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 40,572,082 shares of company stock worth $481,029,608. 1.28% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Vanguard Group Inc. lifted its position in shares of NuScale Power by 40.5% in the fourth 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 in the last quarter. Van ECK Associates Corp lifted 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 acquiring an additional 6,227,747 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted 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 acquiring an additional 1,346,796 shares in the last quarter. Renaissance Technologies LLC purchased a new position in shares of NuScale Power in the first quarter valued at approximately $59,141,000. Finally, Morgan Stanley lifted 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 acquiring an additional 2,361,532 shares in the last quarter. 78.37% of the stock is owned by institutional investors and hedge funds.

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.