NuScale Power (NYSE:SMR) Director Corp Fluor Sells 87,900 Shares

Key Points

• NuScale Power's Director Corp Fluor sold 87,900 shares on October 8th at an average price of $39.58, totaling over $3.4 million.
• In recent transactions, Corp Fluor also sold large volumes of shares, including 820,861 shares for approximately $33.4 million on October 7th.
• NuScale Power's stock saw a notable increase, trading at $40.59 after a midday spike, with a market capitalization of $11.56 billion.

NuScale Power Corporation (NYSE:SMR - Get Free Report) Director Corp Fluor sold 87,900 shares of the stock in a transaction on Wednesday, October 8th. The shares were sold at an average price of $39.58, for a total transaction of $3,479,082.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Tuesday, October 7th, Corp Fluor sold 820,861 shares of NuScale Power stock. The shares were sold at an average price of $40.68, for a total transaction of $33,392,625.48.
• 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 Friday, October 3rd, Corp Fluor sold 797,572 shares of NuScale Power stock. The shares were sold at an average price of $39.97, for a total transaction of $31,878,952.84.
• 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 stock was sold at an average price of $36.72, for a total transaction of $33,380,499.60.
• On Monday, September 29th, Corp Fluor sold 697,210 shares of NuScale Power stock. The stock was sold at an average price of $38.95, for a total transaction of $27,156,329.50.
• On Friday, September 26th, Corp Fluor sold 588,720 shares of NuScale Power stock. The stock was sold at an average price of $37.97, for a total transaction of $22,353,698.40.
• On Thursday, September 25th, Corp Fluor sold 965,049 shares of NuScale Power stock. The stock was sold at an average price of $37.67, for a total transaction of $36,353,395.83.
• On Wednesday, September 24th, Corp Fluor sold 773,921 shares of NuScale Power stock. The stock was sold at an average price of $40.49, for a total transaction of $31,336,061.29.

NuScale Power Stock Performance

Shares of NYSE:SMR traded up $2.39 during midday trading on Thursday, reaching $40.59. 21,790,257 shares of the company's stock were exchanged, compared to its average volume of 12,632,041. The company's 50 day simple moving average is $38.25 and its two-hundred day simple moving average is $31.91. The firm has a market capitalization of $11.56 billion, a PE ratio of -34.11 and a beta of 2.02. NuScale Power Corporation has a 12 month low of $11.08 and a 12 month high of $53.50.

NuScale Power (NYSE:SMR - Get Free Report) last announced its quarterly earnings results 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 firm had revenue of $8.05 million for the quarter, compared to the consensus estimate of $10.49 million. On average, research analysts anticipate that NuScale Power Corporation will post -0.73 earnings per share for the current year.

Hedge Funds Weigh In On NuScale Power

A number of institutional investors have recently added to or reduced their stakes in SMR. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of NuScale Power by 1,220.7% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,845,116 shares of the company's stock valued at $26,127,000 after purchasing an additional 1,705,411 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of NuScale Power by 20.3% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,841,836 shares of the company's stock worth $96,880,000 after acquiring an additional 1,153,158 shares during the last quarter. Bank of America Corp DE lifted its holdings in shares of NuScale Power by 80.9% in the second quarter. Bank of America Corp DE now owns 2,333,248 shares of the company's stock worth $92,303,000 after acquiring an additional 1,043,676 shares during the last quarter. CloudAlpha Capital Management Limited Hong Kong bought a new position in shares of NuScale Power in the first quarter worth about $14,271,000. Finally, Man Group plc acquired a new position in shares of NuScale Power in the second quarter valued at approximately $33,877,000. 78.37% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts recently issued reports on SMR shares. Citigroup started coverage on shares of NuScale Power in a report on Monday, June 23rd. They set a "neutral" rating and a $46.00 price target for the company. Royal Bank Of Canada started coverage on shares of NuScale Power in a report on Monday, September 15th. They set a "sector perform" rating and a $35.00 price target for the company. Weiss Ratings restated a "sell (e+)" rating on shares of NuScale Power in a research report on Wednesday. Northland Securities started coverage on shares of NuScale Power in a research report on Monday, July 7th. They issued a "market perform" rating and a $35.00 price objective for the company. Finally, Northland Capmk upgraded shares of NuScale Power to a "hold" rating in a research report on Monday, July 7th. Three 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 MarketBeat.com, NuScale Power presently has an average rating of "Hold" and an average price target of $36.67.

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.

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