NuScale Power (NYSE:SMR) CFO Robert Ramsey Hamady Sells 30,641 Shares

Key Points

• NuScale Power CFO Robert Ramsey Hamady sold 30,641 shares at an average price of $35.59, totaling over $1 million, reducing his ownership by approximately 39.83%.
• The company's stock price rose by 4.1%, reaching $36.59, while it has experienced a 52-week range between $6.88 and $53.50.
• NuScale Power reported a loss of ($0.13) earnings per share for the last quarter, missing estimates by $0.01 and showing a significant negative net margin of 221.07%.

NuScale Power Corporation (NYSE:SMR - Get Free Report) CFO Robert Ramsey Hamady sold 30,641 shares of NuScale Power stock in a transaction on Wednesday, August 27th. The stock was sold at an average price of $35.59, for a total value of $1,090,513.19. Following the transaction, the chief financial officer directly owned 46,283 shares of the company's stock, valued at approximately $1,647,211.97. This represents a 39.83% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

NuScale Power Trading Up 4.1%

Shares of NYSE:SMR traded up $1.43 on Thursday, hitting $36.59. The company had a trading volume of 9,548,114 shares, compared to its average volume of 11,553,479. NuScale Power Corporation has a 52-week low of $6.88 and a 52-week high of $53.50. The business has a 50 day moving average of $40.61 and a 200 day moving average of $28.01. The company has a market cap of $10.42 billion, a PE ratio of -30.74 and a beta of 2.06.

NuScale Power (NYSE:SMR - Get Free Report) last issued its quarterly earnings data on Thursday, August 7th. The company reported ($0.13) earnings per share (EPS) for the quarter, missing the consensus estimate 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 analysts' expectations of $10.49 million. As a group, equities analysts predict that NuScale Power Corporation will post -0.73 EPS for the current year.

Institutional Investors Weigh In On NuScale Power

Large investors have recently modified their holdings of the stock. Quantbot Technologies LP acquired a new stake in shares of NuScale Power in the first quarter valued at about $27,000. Thurston Springer Miller Herd & Titak Inc. grew its stake in shares of NuScale Power by 84.5% in the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 784 shares of the company's stock valued at $31,000 after buying an additional 359 shares in the last quarter. CoreCap Advisors LLC acquired a new stake in shares of NuScale Power in the fourth quarter valued at about $33,000. Rothschild Investment LLC grew its stake in shares of NuScale Power by 45.2% in the second quarter. Rothschild Investment LLC now owns 1,125 shares of the company's stock valued at $45,000 after buying an additional 350 shares in the last quarter. Finally, NBC Securities Inc. grew its stake in shares of NuScale Power by 165,450.0% in the first quarter. NBC Securities Inc. now owns 3,311 shares of the company's stock valued at $46,000 after buying an additional 3,309 shares in the last quarter. Institutional investors and hedge funds own 78.37% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on SMR shares. CLSA set a $41.00 price objective on NuScale Power and gave the company an "outperform" rating in a research report on Tuesday, May 27th. The Goldman Sachs Group set a $24.00 target price on NuScale Power and gave the company a "neutral" rating in a research note on Tuesday, May 20th. Canaccord Genuity Group upped their target price on NuScale Power from $36.00 to $44.00 and gave the company a "buy" rating in a research note on Monday, August 11th. BNP Paribas upgraded NuScale Power to a "hold" rating in a research note on Friday, July 25th. Finally, Northland Securities began coverage on NuScale Power in a research note on Monday, July 7th. They issued a "market perform" rating and a $35.00 target price for the company. Three investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $34.60.

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.

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