Carl M. Fisher Sells 18,206 Shares of NuScale Power Corporation (NYSE:SMR) Stock

Key Points

• Co-Founder Sale: NuScale Power's COO Carl M. Fisher sold 18,206 shares on August 5th, resulting in a 16.69% decrease in his ownership and a total transaction value of approximately $808,164.
• Stock Performance: Following the sale, shares of NuScale Power (NYSE: SMR) reached $45.95, with a significant trading volume of over 11 million shares and a 12-month price range of $6.88 to $53.50.
• Analyst Ratings: Analysts currently have a consensus "Hold" rating for NuScale Power, with target prices ranging from $24.00 to $46.00 as various firms adjust their evaluations of the stock.

NuScale Power Corporation (NYSE:SMR - Get Free Report) COO Carl M. Fisher sold 18,206 shares of the firm's stock in a transaction that occurred on Tuesday, August 5th. The shares were sold at an average price of $44.39, for a total transaction of $808,164.34. Following the completion of the sale, the chief operating officer owned 90,864 shares in the company, valued at $4,033,452.96. The trade was a 16.69% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

NuScale Power Stock Down 11.1%

NYSE:SMR traded down $4.97 during trading hours on Friday, reaching $39.71. 16,855,562 shares of the company's stock were exchanged, compared to its average volume of 11,577,731. The company has a market capitalization of $11.29 billion, a P/E ratio of -29.02 and a beta of 2.06. NuScale Power Corporation has a 12 month low of $6.88 and a 12 month high of $53.50. The business's 50-day simple moving average is $40.67 and its two-hundred day simple moving average is $26.89.

NuScale Power (NYSE:SMR - Get Free Report) last issued its earnings results on Thursday, August 7th. The company reported ($0.13) earnings per share for the quarter, missing analysts' consensus estimates of ($0.12) by ($0.01). The business had revenue of $8.05 million for the quarter, compared to the consensus estimate of $10.49 million. NuScale Power had a positive return on equity of 0.09% and a negative net margin of 273.36%. As a group, sell-side analysts anticipate that NuScale Power Corporation will post -0.73 earnings per share for the current fiscal year.

Institutional Trading of NuScale Power

A number of large investors have recently added to or reduced their stakes in the business. Sei Investments Co. acquired a new position in NuScale Power in the 4th quarter worth approximately $552,000. LPL Financial LLC raised its holdings in shares of NuScale Power by 69.3% during the 4th quarter. LPL Financial LLC now owns 201,296 shares of the company's stock valued at $3,609,000 after purchasing an additional 82,363 shares in the last quarter. Vanguard Group Inc. grew its stake in NuScale Power by 8.2% in the 4th quarter. Vanguard Group Inc. now owns 8,427,917 shares of the company's stock valued at $151,113,000 after buying an additional 635,271 shares during the last quarter. Orion Portfolio Solutions LLC acquired a new position in NuScale Power in the 4th quarter valued at $182,000. Finally, Geode Capital Management LLC grew its stake in NuScale Power by 7.4% in the 4th quarter. Geode Capital Management LLC now owns 1,965,456 shares of the company's stock valued at $35,249,000 after buying an additional 135,613 shares during the last quarter. 78.37% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. CLSA set a $41.00 price target on shares of NuScale Power and gave the company an "outperform" rating in a research note on Tuesday, May 27th. BTIG Research lowered shares of NuScale Power from a "buy" rating to a "neutral" rating in a research note on Wednesday, June 25th. Citigroup initiated coverage on shares of NuScale Power in a report on Monday, June 23rd. They issued a "neutral" rating and a $46.00 price objective for the company. BNP Paribas Exane initiated coverage on shares of NuScale Power in a report on Friday, July 25th. They issued a "neutral" rating and a $41.00 price objective for the company. Finally, Canaccord Genuity Group set a $35.00 price objective on shares of NuScale Power and gave the company a "buy" rating in a report on Thursday, May 29th. Eight equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat.com, NuScale Power has an average rating of "Hold" and an average price target of $33.00.

NuScale Power Company Profile

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.