Canaccord Genuity Group Issues Pessimistic Forecast for NuScale Power (NYSE:SMR) Stock Price

Key Points

• Canaccord Genuity cut NuScale Power’s price target to $15 from $25 but maintained a “buy” rating, implying about 58% upside from the stock’s $9.48 price. The broader analyst consensus is “hold,” with a $14.12 target.
• NuScale’s latest quarter showed a severe revenue shortfall: approximately $70,000 versus an expected $8.8 million, while its $0.13-per-share loss matched estimates. Revenue fell 99.1% year over year, highlighting limited near-term project execution.
• Shares rose 1.1% to $9.48, but analyst sentiment remains mixed, including Citigroup’s “sell” rating and $6.50 target. Management cited TVA discussions, deployment readiness and roughly $1.9 billion in liquidity as potential growth catalysts.

NuScale Power (NYSE:SMR - Get Free Report) had its price target dropped by research analysts at Canaccord Genuity Group from $25.00 to $15.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage currently has a "buy" rating on the stock. Canaccord Genuity Group's price objective points to a potential upside of 58.16% from the company's current price.

Several other equities analysts also recently commented on SMR. HSBC began coverage on shares of NuScale Power in a research note on Thursday, April 23rd. They issued a "hold" rating and a $13.00 price target on the stock. Barclays decreased their target price on shares of NuScale Power from $15.00 to $11.00 and set an "equal weight" rating on the stock in a research report on Wednesday, July 22nd. Citigroup dropped their price target on shares of NuScale Power from $7.50 to $6.50 and set a "sell" rating for the company in a research report on Thursday. Truist Financial initiated coverage on NuScale Power in a research note on Monday, July 13th. They issued a "hold" rating and a $10.00 price target for the company. Finally, Weiss Ratings reissued a "sell (d-)" rating on shares of NuScale Power in a research report on Wednesday, June 24th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, nine have assigned a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $14.12.

NuScale Power Stock Up 1.1%

Shares of SMR stock traded up $0.10 on Thursday, reaching $9.48. The stock had a trading volume of 33,312,149 shares, compared to its average volume of 30,497,516. NuScale Power has a 12 month low of $7.21 and a 12 month high of $57.42. The firm has a market capitalization of $3.47 billion, a price-to-earnings ratio of -3.25 and a beta of 2.26. The firm's 50-day moving average is $9.81 and its two-hundred day moving average is $12.02.

NuScale Power (NYSE:SMR - Get Free Report) last released its quarterly earnings results on Wednesday, August 5th. The company reported ($0.13) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.13). NuScale Power had a negative return on equity of 48.88% and a negative net margin of 2,066.55%.The business 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) EPS. The firm's quarterly revenue was down 99.1% on a year-over-year basis. On average, sell-side analysts forecast that NuScale Power will post -0.46 earnings per share for the current fiscal year.

Insider Buying and Selling at NuScale Power

In related news, COO Carl M. Fisher sold 18,771 shares of the stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $9.36, for a total transaction of $175,696.56. Following the sale, the chief operating officer owned 114,718 shares in the company, valued at approximately $1,073,760.48. This trade represents a 14.06% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Company insiders own 1.28% of the company's stock.

Institutional Investors Weigh In On NuScale Power

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Triumph Capital Management acquired a new position in shares of NuScale Power during the 3rd quarter worth $37,000. EverSource Wealth Advisors LLC boosted its stake in NuScale Power by 187.6% in the second quarter. EverSource Wealth Advisors LLC now owns 1,694 shares of the company's stock valued at $67,000 after buying an additional 1,105 shares in the last quarter. Ancora Advisors LLC boosted its stake in NuScale Power by 177,500.0% in the third quarter. Ancora Advisors LLC now owns 1,776 shares of the company's stock valued at $64,000 after buying an additional 1,775 shares in the last quarter. Vermillion & White Wealth Management Group LLC grew its position in NuScale Power by 1,550.9% in the fourth quarter. Vermillion & White Wealth Management Group LLC now owns 1,783 shares of the company's stock valued at $25,000 after acquiring an additional 1,675 shares during the last quarter. Finally, Monimus Capital Management LP bought a new position in NuScale Power in the second quarter valued at about $72,000. 78.37% of the stock is currently owned by institutional investors.

Key NuScale Power News

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

• Positive Sentiment: NuScale said discussions with the Tennessee Valley Authority (TVA) and its readiness for near-term deployment are key growth catalysts. Management highlighted approved reactor designs, available fuel, established suppliers and approximately $1.9 billion in liquidity, reinforcing the company’s ability to pursue projects while awaiting commercial orders. SMR Q2 Earnings Call Focuses on TVA and Deployment Readiness
• Positive Sentiment: NuScale, Curio and Framatome signed a strategic memorandum of understanding to evaluate advanced nuclear-fuel recycling and manufacturing solutions. The agreement could strengthen NuScale’s fuel-cycle capabilities and support future reactor commercialization, though it does not yet represent a binding revenue contract. Curio, NuScale Power, and Framatome Sign Strategic MOU
• Neutral Sentiment: Chief Operating Officer Carl Fisher sold 18,771 shares for about $175,700. The filing says the transaction covered tax-withholding obligations tied to vested equity awards, making it less indicative of a bearish view; he still owned 114,718 shares afterward. SEC Insider Transaction Filing
• Negative Sentiment: NuScale’s second-quarter revenue was only about $70,000–$80,000, versus roughly $8.8 million expected, representing a 99.1% year-over-year decline. The company reported a $0.13-per-share loss, in line with estimates, but the severe revenue shortfall highlights the lack of near-term project execution and continues to weigh on the investment case. NuScale Reports Q2 Loss and Revenue Miss
• Negative Sentiment: Citigroup lowered its price target for SMR to $6.50 from $7.50 and reiterated a “sell” rating, citing approximately 31.5% potential downside from the referenced trading level. This adds pressure after the earnings-related revenue miss.

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.

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