NuScale Power (NYSE:SMR) Director Sells $46,486,980.80 in Stock

Key Points

• NuScale Power's Director Corp Fluor sold 1,193,504 shares of the company's stock for over $46 million, resulting in an 8.74% decrease in their ownership.
• Following the recent sales, Corp Fluor retains approximately 12.4 million shares in NuScale, valued at around $485 million.
• After the stock sale, NuScale Power shares traded at $38.06, with a market capitalization of $10.84 billion and a P/E ratio of 200.72.

NuScale Power Corporation (NYSE:SMR - Get Free Report) Director Corp Fluor sold 1,193,504 shares of the business's stock in a transaction on Thursday, September 18th. The stock was sold at an average price of $38.95, for a total transaction of $46,486,980.80. Following the completion of the transaction, the director owned 12,457,907 shares in the company, valued at $485,235,477.65. This represents a 8.74% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Corp Fluor also recently made the following trade(s):

• On Wednesday, September 17th, Corp Fluor sold 577,046 shares of NuScale Power stock. The shares were sold at an average price of $36.00, for a total transaction of $20,773,656.00.
• On Tuesday, September 16th, Corp Fluor sold 771,543 shares of NuScale Power stock. The shares were sold at an average price of $37.26, for a total transaction of $28,747,692.18.

NuScale Power Stock Performance

Shares of NuScale Power stock traded up $8.40 during trading on Friday, reaching $46.52. The company had a trading volume of 51,831,322 shares, compared to its average volume of 12,182,549. The company has a market cap of $13.25 billion, a price-to-earnings ratio of -39.09 and a beta of 2.03. The firm's fifty day moving average is $40.24 and its 200-day moving average is $29.69. NuScale Power Corporation has a fifty-two week low of $9.71 and a fifty-two week high of $53.50.

NuScale Power (NYSE:SMR - Get Free Report) last issued its earnings results on Thursday, August 7th. The company reported ($0.13) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.12) by ($0.01). NuScale Power had a negative net margin of 221.07% and a positive return on equity of 2.61%. The company had revenue of $8.05 million during the quarter, compared to analyst estimates of $10.49 million. On average, research analysts anticipate that NuScale Power Corporation will post -0.73 EPS for the current fiscal year.

Institutional Trading of NuScale Power

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its stake in NuScale Power by 6.1% during the first quarter. Vanguard Group Inc. now owns 8,940,535 shares of the company's stock valued at $126,598,000 after purchasing an additional 512,618 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in NuScale Power by 20.3% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,841,836 shares of the company's stock valued at $96,880,000 after purchasing an additional 1,153,158 shares during the last quarter. Geode Capital Management LLC lifted its stake in NuScale Power by 25.2% during the second quarter. Geode Capital Management LLC now owns 2,854,664 shares of the company's stock valued at $112,944,000 after purchasing an additional 574,295 shares during the last quarter. State Street Corp lifted its stake in NuScale Power by 37.5% during the second quarter. State Street Corp now owns 2,736,187 shares of the company's stock valued at $108,244,000 after purchasing an additional 746,667 shares during the last quarter. Finally, Swedbank AB lifted its stake in NuScale Power by 6.7% during the first quarter. Swedbank AB now owns 2,402,125 shares of the company's stock valued at $34,014,000 after purchasing an additional 149,875 shares during the last quarter. 78.37% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. BNP Paribas raised shares of NuScale Power to a "hold" rating in a research report on Friday, July 25th. Northland Securities assumed coverage on shares of NuScale Power in a research report on Monday, July 7th. They set a "market perform" rating and a $35.00 price objective for the company. Canaccord Genuity Group boosted their price objective on shares of NuScale Power from $44.00 to $60.00 and gave the company a "buy" rating in a research report on Wednesday, September 3rd. Bank of America assumed coverage on shares of NuScale Power in a research report on Thursday, August 21st. They set a "neutral" rating and a $36.00 price objective for the company. Finally, BTIG Research cut shares of NuScale Power from a "buy" rating to a "neutral" rating in a research report on Wednesday, June 25th. Three analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company's stock. Based on data from MarketBeat, NuScale Power currently has a consensus rating of "Hold" and a consensus price target of $36.09.

About NuScale Power

NuScale Power Corporation engages in the development and sale of modular light water reactor nuclear power plants to supply energy for electrical generation, district heating, desalination, hydrogen production, and other process heat applications. It offers NuScale Power Module (NPM), a water reactor that can generate 77 megawatts of electricity (MWe); and VOYGR power plant designs for three facility sizes that are capable of housing from one to four and six or twelve NPMs.