NuScale Power (NYSE:SMR) Director Corp Fluor Sells 797,572 Shares

Key Points

• NuScale Power's Director, Corp Fluor, recently sold a total of 797,572 shares for approximately $31.88 million, marking a 31.15% decrease in their ownership of the stock.
• The company's stock is currently valued at $41.94, reflecting a 4.5% increase in midday trading with a substantial trading volume of over 18 million shares.
• Despite recent stock surges, several analysts maintain a "Hold" rating on NuScale Power with target prices ranging from $35.00 to $41.00.

NuScale Power Corporation (NYSE:SMR - Get Free Report) Director Corp Fluor sold 797,572 shares of NuScale Power stock in a transaction on Friday, October 3rd. The shares were sold at an average price of $39.97, for a total transaction of $31,878,952.84. Following the completion of the transaction, the director directly owned 1,762,794 shares in the company, valued at $70,458,876.18. The trade was a 31.15% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

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

• On Monday, October 6th, Corp Fluor sold 854,033 shares of NuScale Power stock. The shares were sold at an average price of $42.41, for a total transaction of $36,219,539.53.
• On Thursday, October 2nd, Corp Fluor sold 863,912 shares of NuScale Power stock. The shares were sold at an average price of $38.42, for a total transaction of $33,191,499.04.
• On Wednesday, October 1st, Corp Fluor sold 532,354 shares of NuScale Power stock. The shares were sold at an average price of $36.52, for a total transaction of $19,441,568.08.
• On Tuesday, September 30th, Corp Fluor sold 909,055 shares of NuScale Power stock. The shares were sold at an average price of $36.72, for a total value of $33,380,499.60.
• On Monday, September 29th, Corp Fluor sold 697,210 shares of NuScale Power stock. The shares were sold at an average price of $38.95, for a total value of $27,156,329.50.
• On Friday, September 26th, Corp Fluor sold 588,720 shares of NuScale Power stock. The shares were sold at an average price of $37.97, for a total value of $22,353,698.40.
• On Thursday, September 25th, Corp Fluor sold 965,049 shares of NuScale Power stock. The shares were sold at an average price of $37.67, for a total value of $36,353,395.83.
• On Wednesday, September 24th, Corp Fluor sold 773,921 shares of NuScale Power stock. The shares were sold at an average price of $40.49, for a total value of $31,336,061.29.
• On Tuesday, September 23rd, Corp Fluor sold 981,688 shares of NuScale Power stock. The shares were sold at an average price of $42.69, for a total value of $41,908,260.72.
• On Monday, September 22nd, Corp Fluor sold 1,213,069 shares of NuScale Power stock. The shares were sold at an average price of $44.84, for a total value of $54,394,013.96.

NuScale Power Stock Up 4.5%

NYSE:SMR traded up $1.82 during midday trading on Monday, reaching $41.94. The stock had a trading volume of 18,372,109 shares, compared to its average volume of 12,543,067. The firm has a fifty day simple moving average of $38.88 and a two-hundred day simple moving average of $31.65. NuScale Power Corporation has a 12-month low of $11.08 and a 12-month high of $53.50. The stock has a market cap of $11.95 billion, a P/E ratio of -35.24 and a beta of 2.02.

NuScale Power (NYSE:SMR - Get Free Report) last posted its quarterly earnings data 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 firm had revenue of $8.05 million during the quarter, compared to analysts' expectations of $10.49 million. NuScale Power had a negative net margin of 221.07% and a positive return on equity of 2.61%. On average, sell-side analysts anticipate that NuScale Power Corporation will post -0.73 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on SMR. Northland Securities began coverage on NuScale Power in a report on Monday, July 7th. They issued a "market perform" rating and a $35.00 price objective on the stock. BNP Paribas Exane began coverage on NuScale Power in a research note on Friday, July 25th. They issued a "neutral" rating and a $41.00 price target on the stock. Royal Bank Of Canada initiated coverage on NuScale Power in a research note on Monday, September 15th. They issued a "sector perform" rating and a $35.00 price target on the stock. UBS Group boosted their target price on shares of NuScale Power from $34.00 to $38.00 and gave the stock a "neutral" rating in a research report on Monday, August 11th. Finally, Northland Capmk upgraded shares of NuScale Power to a "hold" rating in a research report on Monday, July 7th. Three research analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat.com, NuScale Power has a consensus rating of "Hold" and a consensus target price of $36.67.

Institutional Trading of NuScale Power

Several large investors have recently bought and sold shares of the company. Quantbot Technologies LP acquired a new stake in NuScale Power in the first quarter valued at $27,000. Thurston Springer Miller Herd & Titak Inc. grew its stake in NuScale Power by 84.5% in the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 784 shares of the company's stock valued at $31,000 after acquiring an additional 359 shares during the last quarter. Rothschild Investment LLC grew its stake in NuScale Power by 45.2% in the 2nd quarter. Rothschild Investment LLC now owns 1,125 shares of the company's stock valued at $45,000 after acquiring an additional 350 shares during the last quarter. NBC Securities Inc. grew its stake in NuScale Power by 165,450.0% in the 1st quarter. NBC Securities Inc. now owns 3,311 shares of the company's stock valued at $46,000 after acquiring an additional 3,309 shares during the last quarter. Finally, Harbour Investments Inc. grew its stake in NuScale Power by 21.3% in the 2nd quarter. Harbour Investments Inc. now owns 1,156 shares of the company's stock valued at $46,000 after acquiring an additional 203 shares during the last quarter. Institutional investors and hedge funds own 78.37% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.