NuScale Power (NYSE:SMR) Trading Down 15.9% – Here’s Why

NuScale Power Corporation (NYSE:SMR) fell 15.9% on Friday . The company traded as low as $8.57 and last traded at $8.5850. Approximately 91,886,647 shares traded hands during mid-day trading, an increase of 196% from the average daily volume of 31,087,369 shares. The stock had previously closed at $10.21.

More NuScale Power News

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

• Positive Sentiment: NuScale remains positioned to benefit from continued investor interest in advanced nuclear power and small modular reactors. Recent sector momentum has previously lifted SMR and other nuclear stocks, although that support has weakened in the latest sessions. NuScale Power Stock Jumps as Nuclear Sector Gains Momentum
• Neutral Sentiment: Investors are comparing NuScale with larger or more established nuclear companies, including BWX Technologies. That comparison highlights SMR’s higher execution risk but does not represent a direct change to NuScale’s business outlook. Nuclear Energy Stock Comparison
• Negative Sentiment: UBS downgraded SMR to Sell from Neutral and reduced its price target to $6 from $10, implying substantial downside from the prior close. UBS reportedly sees roughly a $95 million EBITDA gap and questioned whether NuScale can meet its projected build timeline. UBS Downgrades NuScale and Sees EBITDA Gap
• Negative Sentiment: The bearish thesis also points to a lack of firm customer commitments and continued cash-burn risk. Those concerns are amplified by NuScale’s very limited reported quarterly revenue, sharply lower year-over-year sales, and ongoing losses, making future project awards and financing milestones especially important to investors. Concerns About NuScale Build Timeline and Customer Commitments

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on SMR shares. Northland Securities set a $16.00 price target on NuScale Power in a research note on Thursday, August 6th. UBS Group downgraded NuScale Power from a “neutral” rating to a “sell” rating and lowered their price objective for the company from $10.00 to $6.00 in a research report on Friday. Royal Bank Of Canada decreased their price target on shares of NuScale Power from $14.00 to $10.00 and set a “sector perform” rating on the stock in a research note on Tuesday, August 11th. Bank of America began coverage on shares of NuScale Power in a report on Friday, May 22nd. They issued a “neutral” rating and a $12.00 target price for the company. Finally, Citigroup decreased their price objective on NuScale Power from $7.50 to $6.50 and set a “sell” rating on the stock in a research report on Thursday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, eight have assigned a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $12.96.

NuScale Power Price Performance

The stock’s fifty day simple moving average is $9.14 and its 200 day simple moving average is $10.63. The firm has a market capitalization of $3.69 billion, a P/E ratio of -2.94 and a beta of 2.30.

NuScale Power (NYSE:SMR) last issued its earnings results on Wednesday, August 5th. The company reported ($0.13) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.13). The company had revenue of $0.07 million during the quarter, compared to analyst estimates 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 firm’s quarterly revenue was down 99.1% on a year-over-year basis. During the same quarter last year, the business posted ($0.11) EPS. As a group, sell-side analysts forecast that NuScale Power Corporation will post -0.64 EPS for the current fiscal year.

Insider Buying and Selling at NuScale Power

In other NuScale Power news, CFO Robert Hamady sold 29,880 shares of the business’s stock in a transaction dated Thursday, August 27th. The shares were sold at an average price of $9.39, for a total value of $280,573.20. Following the transaction, the chief financial officer directly owned 124,235 shares in the company, valued at $1,166,566.65. The trade was a 19.39% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, COO Carl M. Fisher sold 18,771 shares of the stock in a transaction 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 transaction, the chief operating officer owned 114,718 shares of the company’s stock, valued at approximately $1,073,760.48. This represents a 14.06% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 68,651 shares of company stock valued at $633,470 over the last quarter. 1.28% of the stock is currently owned by insiders.

Institutional Trading of NuScale Power

A number of large investors have recently modified their holdings of SMR. Sequoia Financial Advisors LLC acquired a new position in shares of NuScale Power during the second quarter worth $126,000. WINTON GROUP Ltd purchased a new stake in NuScale Power in the 2nd quarter valued at $392,000. Integrated Wealth Concepts LLC boosted its stake in shares of NuScale Power by 153.6% during the second quarter. Integrated Wealth Concepts LLC now owns 65,623 shares of the company’s stock worth $658,000 after buying an additional 39,751 shares during the period. RFG Advisory LLC grew its stake in shares of NuScale Power by 33.1% in the 2nd quarter. RFG Advisory LLC now owns 60,622 shares of the company’s stock valued at $608,000 after purchasing an additional 15,092 shares during the last quarter. Finally, NewEdge Advisors LLC increased its stake in NuScale Power by 203.3% in the 2nd quarter. NewEdge Advisors LLC now owns 146,870 shares of the company’s stock valued at $1,473,000 after buying an additional 98,440 shares during the period. Hedge funds and other institutional investors own 78.37% of the company’s stock.

NuScale Power Company Profile

NuScale Power Corporation develops small modular reactor (SMR) technology for the generation of carbon-free electricity and other energy applications. Its proprietary NuScale Power Module is a compact, factory-fabricated pressurized water reactor designed to be deployed individually or in multi-module configurations. The company’s technology is intended to support electric utilities, industrial users, and other customers seeking scalable alternatives for reliable power generation.

NuScale offers its reactor technology through the VOYGR power plant platform, along with engineering, licensing, project development, and deployment support.