Citigroup Has Lowered Expectations for NuScale Power (NYSE:SMR) Stock Price

Key Points

• Citigroup cut its price target on NuScale Power from $11.50 to $9.00 and has a "sell" rating, implying about a 24% downside from the current share price.
• NuScale reported a weak quarter—EPS of ($0.80) vs. ($0.10) expected and revenue of $1.81M vs. $8.76M expected—while the stock fell roughly 7% to $11.89 and trades well below its 200-day moving average.
• Insider selling has been heavy (including a director sale of 13.5M shares worth ~$163M and ~27.07M shares sold in the past 90 days), and the company faces multiple securities class-action notices and allegations that raise legal and reputational risk.

NuScale Power (NYSE:SMR - Get Free Report) had its target price decreased by stock analysts at Citigroup from $11.50 to $9.00 in a research note issued on Tuesday,Benzinga reports. The firm currently has a "sell" rating on the stock. Citigroup's price target would suggest a potential downside of 24.33% from the company's current price.

Several other research analysts have also weighed in on SMR. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of NuScale Power in a research note on Friday, March 27th. B. Riley Financial lowered their price objective on shares of NuScale Power from $38.00 to $24.00 and set a "buy" rating for the company in a research note on Monday, December 22nd. Zacks Research raised shares of NuScale Power from a "strong sell" rating to a "hold" rating in a research note on Friday, February 20th. Royal Bank Of Canada lowered their price objective on shares of NuScale Power from $21.00 to $14.00 and set a "sector perform" rating for the company in a research note on Monday, March 2nd. Finally, Bank of America raised shares of NuScale Power from an "underperform" rating to a "neutral" rating and set a $28.00 price objective for the company in a research note on Friday, January 9th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, eight have assigned a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, the company has an average rating of "Hold" and an average target price of $20.75.

NuScale Power Stock Down 7.0%

SMR stock traded down $0.90 during mid-day trading on Tuesday, hitting $11.89. 34,420,023 shares of the company were exchanged, compared to its average volume of 27,534,170. The firm has a market capitalization of $4.02 billion, a P/E ratio of -4.10 and a beta of 2.27. The business has a fifty day simple moving average of $12.06 and a 200-day simple moving average of $20.50. NuScale Power has a 12-month low of $8.85 and a 12-month high of $57.42.

NuScale Power (NYSE:SMR - Get Free Report) last announced its earnings results on Thursday, February 26th. The company reported ($0.80) earnings per share for the quarter, missing the consensus estimate of ($0.10) by ($0.70). The company had revenue of $1.81 million for the quarter, compared to analysts' expectations of $8.76 million. NuScale Power had a negative return on equity of 55.23% and a negative net margin of 1,130.26%. Research analysts predict that NuScale Power will post -0.48 EPS for the current year.

Insider Buying and Selling

In related news, CTO Jose N. Reyes, Jr. sold 25,951 shares of NuScale Power stock in a transaction that occurred on Monday, March 2nd. The shares were sold at an average price of $12.22, for a total value of $317,121.22. Following the completion of the transaction, the chief technology officer owned 268,081 shares in the company, valued at $3,275,949.82. The trade was a 8.83% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Corp Fluor sold 13,500,000 shares of NuScale Power stock in a transaction that occurred on Thursday, April 9th. The stock was 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 owned 26,436,472 shares of the company's stock, valued at $319,088,217.04. This represents a 33.80% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 27,072,082 shares of company stock valued at $321,594,608 over the last ninety days. 1.20% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in SMR. Van ECK Associates Corp lifted its stake in NuScale Power by 117.8% in the fourth quarter. Van ECK Associates Corp now owns 11,515,561 shares of the company's stock worth $163,176,000 after acquiring an additional 6,227,747 shares during the last quarter. Vanguard Group Inc. lifted its stake in NuScale Power by 40.5% in the fourth quarter. Vanguard Group Inc. now owns 15,545,018 shares of the company's stock worth $220,273,000 after acquiring an additional 4,482,254 shares during the last quarter. Clear Street Group Inc. purchased a new position in NuScale Power in the third quarter worth approximately $155,616,000. Voloridge Investment Management LLC purchased a new position in NuScale Power in the fourth quarter worth approximately $48,993,000. Finally, Samsung C&T Corp lifted its stake in NuScale Power by 98.9% in the third quarter. Samsung C&T Corp now owns 5,185,804 shares of the company's stock worth $186,689,000 after acquiring an additional 2,578,702 shares during the last quarter. Hedge funds and other institutional investors own 78.37% of the company's stock.

More NuScale Power News

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

• Positive Sentiment: Analyst/bull case — a columnist calls NuScale a buy ahead of management’s June 2 update, saying the company could shift sentiment if guidance or milestone progress is favorable. I'm Calling It: NuScale Power Stock Is a Buy Before June 2
• Positive Sentiment: Sector tailwind — coverage arguing AI-driven demand and a global “nuclear renaissance” is lifting investor interest in nuclear names, which could benefit NuScale over the medium term if execution improves. 2 Nuclear Stocks That Are Quietly Becoming the Trade of the Year (and Beyond)
• Neutral Sentiment: Broad nuclear alternatives — articles highlighting larger, income-focused plays in nuclear (e.g., Brookfield) suggest some investors may rotate to more diversified or cash-flow-positive exposures instead of SMR. 1 Nuclear Stock That Could Power Your Retirement Income for Decades
• Neutral Sentiment: Insider/market activity — media roundups note insider trades and shifting interest in past nuclear darlings; these items keep volatility high but are not direct company developments. Insider Trades: Nike Sees More CEO Buys, Aehr Sold on 300% Gain (SMR)
• Negative Sentiment: Multiple securities class-action notices and filings have been announced (several law firms reminding investors of lead-plaintiff deadlines), increasing legal risk and short-term selling pressure: Rosen Law Firm, Pomerantz LLP, Faruqi & Faruqi, Bronstein Gewirtz & Grossman, and related PR. Rosen Law Firm notice Pomerantz LLP notice Faruqi & Faruqi notice Bronstein notice
• Negative Sentiment: Allegations about ENTRA1 representations — a firm (Levi & Korsinsky) alleges that NuScale’s ENTRA1 “veterans” had zero nuclear projects and claims investors lost ~70%, raising questions about prior public statements and execution. This is a direct reputational and disclosure risk. Levi & Korsinsky ENTRA1 allegations
• Negative Sentiment: Comparative coverage suggests some investors may favor other SMR developers or larger nuclear plays, which can pressure SMR while uncertainty and legal risk persist. Should You Forget NuScale Power and Buy This Nuclear Stock Instead?

NuScale Power Company Profile

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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