NuScale Power (NYSE:SMR) Shares Down 12.7% – Here’s Why

Shares of NuScale Power Corporation (NYSE:SMR) were down 12.7% during trading on Friday . The stock traded as low as $10.15 and last traded at $10.4740. Approximately 49,074,111 shares traded hands during mid-day trading, an increase of 63% from the average daily volume of 30,142,260 shares. The stock had previously closed at $12.00.

Trending Headlines about NuScale Power

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

• Neutral Sentiment: Recent commentary says NuScale’s valuation targets have not changed, suggesting analysts are not materially updating their price expectations yet. How The NuScale Power (SMR) Investment Narrative Is Evolving Without New Analyst Targets
• Positive Sentiment: NuScale’s modular reactor technology continues to get attention, with articles noting NRC approvals and progress on projects tied to TVA and Romania, which could support the long-term investment case. What Makes the NuScale Power Module a Key Asset for SMR?
• Neutral Sentiment: NuScale was also mentioned in broader nuclear and hydrogen-stock coverage, reinforcing that the name remains part of the thematic clean-energy trade. Best Hydrogen Stocks To Research – June 2nd
• Negative Sentiment: Market sentiment toward speculative tech and nuclear stocks has weakened, and a new article specifically notes NuScale falling alongside other high-risk names. Stock Market Today, June 5: NuScale Power Falls as Speculative Technology Names Tank
• Negative Sentiment: Bearish articles and the report of unusually high options volume suggest traders are positioning for continued volatility and downside risk in SMR. NuScale Power Sees Unusually High Options Volume (NYSE:SMR)

Analysts Set New Price Targets

Several analysts have commented on SMR shares. TD Cowen downgraded shares of NuScale Power from a “buy” rating to a “hold” rating in a research report on Wednesday, February 11th. HSBC started coverage on shares of NuScale Power in a research report on Thursday, April 23rd. They issued a “hold” rating and a $13.00 target price for the company. Bank of America assumed coverage on shares of NuScale Power in a research note on Friday, May 22nd. They issued a “neutral” rating and a $12.00 price objective for the company. Citigroup reduced their price objective on shares of NuScale Power from $9.00 to $7.00 and set a “sell” rating for the company in a research note on Monday, May 11th. Finally, B. Riley Financial reduced their price objective on shares of NuScale Power from $24.00 to $19.00 and set a “buy” rating for the company in a research note on Friday, April 24th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, nine have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, NuScale Power has a consensus rating of “Hold” and a consensus price target of $15.92.

NuScale Power Price Performance

The stock’s 50 day moving average price is $11.48 and its two-hundred day moving average price is $14.78. The firm has a market capitalization of $3.83 billion, a price-to-earnings ratio of -3.59 and a beta of 2.20.

NuScale Power (NYSE:SMR) last issued 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 return on equity of 48.88% and a negative net margin of 2,066.55%.The firm had revenue of $0.57 million during the quarter, compared to analyst estimates of $7.00 million. The business’s revenue for the quarter was down 95.8% compared to the same quarter last year. As a group, equities research analysts anticipate that NuScale Power Corporation will post -0.46 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Corp Fluor sold 13,500,000 shares of the company’s stock in a transaction on Thursday, April 9th. The shares were 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. This represents a 33.80% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In the last ninety days, insiders have sold 39,936,472 shares of company stock worth $472,831,169. 1.28% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in SMR. Nemes Rush Group LLC bought a new position in shares of NuScale Power during the 3rd quarter worth about $25,000. Strategic Advocates LLC bought a new position in shares of NuScale Power during the 3rd quarter worth about $25,000. Vermillion & White Wealth Management Group LLC increased its holdings in shares of NuScale Power by 1,550.9% during the 4th quarter. Vermillion & White Wealth Management Group LLC now owns 1,783 shares of the company’s stock worth $25,000 after purchasing an additional 1,675 shares during the period. Assetmark Inc. increased its holdings in shares of NuScale Power by 1,940.3% during the 1st quarter. Assetmark Inc. now owns 2,428 shares of the company’s stock worth $26,000 after purchasing an additional 2,309 shares during the period. Finally, Ameriflex Group Inc. bought a new position in shares of NuScale Power during the 4th quarter worth about $30,000. 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.