Insider Selling: NuScale Power (NYSE:SMR) COO Sells 18,771 Shares of Stock

Key Points

• NuScale COO Carl Fisher sold 18,771 shares for approximately $175,697 at an average price of $9.36. The sale covered tax withholding tied to vested equity awards, reducing his ownership by 14.06%.
• NuScale reported a quarterly loss of $0.13 per share, in line with estimates, but revenue of roughly $0.07 million fell 99.1% year over year and significantly missed the $8.8 million consensus forecast.
• Analyst sentiment remains cautious, with a consensus “Hold” rating and a $14.88 price target; recent firms including Barclays and Citigroup lowered their targets.

NuScale Power Corporation (NYSE:SMR - Get Free Report) COO Carl Fisher sold 18,771 shares of the business's stock in a transaction dated 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 $1,073,760.48. The trade was a 14.06% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

NuScale Power Trading Up 1.1%

Shares of NYSE:SMR traded up $0.10 during mid-day trading on Thursday, reaching $9.48. The stock had a trading volume of 33,277,189 shares, compared to its average volume of 30,496,994. The firm has a market cap of $3.47 billion, a PE ratio of -3.25 and a beta of 2.26. The firm has a 50 day simple moving average of $9.81 and a two-hundred day simple moving average of $12.02. NuScale Power Corporation has a twelve month low of $7.21 and a twelve month high of $57.42.

NuScale Power (NYSE:SMR - Get Free Report) last issued its quarterly earnings data on Wednesday, August 5th. The company reported ($0.13) earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of ($0.13). NuScale Power had a negative net margin of 2,066.55% and a negative return on equity of 48.88%. The firm had revenue of $0.07 million during the quarter, compared to analysts' expectations of $8.80 million. During the same quarter in the previous year, the company earned ($0.11) earnings per share. The business's revenue for the quarter was down 99.1% on a year-over-year basis. On average, equities analysts anticipate that NuScale Power Corporation will post -0.46 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts recently commented on the stock. Barclays lowered their price objective on shares of NuScale Power from $15.00 to $11.00 and set an "equal weight" rating for the company in a research report on Wednesday, July 22nd. Citigroup lowered their price target on NuScale Power from $7.50 to $6.50 and set a "sell" rating for the company in a report on Thursday. Weiss Ratings restated a "sell (d-)" rating on shares of NuScale Power in a report on Wednesday, June 24th. The Goldman Sachs Group set a $9.00 price target on shares of NuScale Power in a research note on Friday, May 8th. Finally, HSBC started coverage on shares of NuScale Power in a report on Thursday, April 23rd. They issued a "hold" rating and a $13.00 price target for the company. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, nine have given a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $14.88.

Institutional Trading of NuScale Power

A number of institutional investors have recently modified their holdings of the company. Renaissance Technologies LLC acquired a new stake in NuScale Power in the 1st quarter valued at approximately $59,141,000. Mirae Asset Global Investments Co. Ltd. boosted its position in NuScale Power by 35.0% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 822,779 shares of the company's stock worth $11,659,000 after acquiring an additional 213,329 shares during the last quarter. Swedbank AB boosted its position in NuScale Power by 36.3% during the 1st quarter. Swedbank AB now owns 1,502,300 shares of the company's stock worth $16,285,000 after acquiring an additional 400,240 shares during the last quarter. Caz Investments LP boosted its position in NuScale Power by 10,000.0% during the 4th quarter. Caz Investments LP now owns 101,000 shares of the company's stock worth $1,431,000 after acquiring an additional 100,000 shares during the last quarter. Finally, Seven Grand Managers LLC bought a new position in shares of NuScale Power during the 4th quarter worth approximately $1,771,000. 78.37% of the stock is currently owned by institutional investors.

NuScale Power News Summary

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

• Positive Sentiment: Management highlighted ongoing discussions with the Tennessee Valley Authority and said NuScale is prepared for near-term deployment, citing approved reactor designs, available fuel, established suppliers and approximately $1.9 billion in liquidity. These factors could reduce execution and financing risks as potential projects advance. SMR Q2 Earnings Call Focuses on TVA and Deployment Readiness
• Positive Sentiment: NuScale, Curio and Framatome signed a strategic memorandum of understanding to evaluate fuel recycling, fuel manufacturing and other next-generation nuclear-fuel-cycle technologies. The agreement strengthens NuScale’s industry partnerships and could support future reactor deployments, although it is not yet a binding commercial contract. Curio, NuScale Power, and Framatome Sign Strategic MOU
• Neutral Sentiment: Second-quarter adjusted results were broadly as expected on the bottom line: NuScale reported a loss of $0.13 per share, matching consensus estimates. This removes an immediate EPS surprise but does not resolve the company’s lack of meaningful commercial revenue. NuScale Power Corporation Reports Q2 Loss
• Negative Sentiment: Revenue was only about $0.08 million, versus roughly $8.8 million expected, and plunged 99.1% year over year. NuScale also remains deeply unprofitable, which highlights the substantial time and execution risk before reactor deployments generate recurring revenue. NuScale Stock After Q2 Revenue Miss

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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