NuScale Power (NYSE:SMR) Director Sells 20,000 Shares of Stock

Key Points

• Director Shinji Fujino sold 20,000 NuScale Power shares at an average price of $8.86, generating $177,200 and reducing his direct holdings by 53.7% to 17,242 shares.
• NuScale shares traded down 2.5% to $9.06, near the lower end of their 52-week range. The company reported a quarterly loss of $0.13 per share, while revenue fell 99.1% year over year to $0.07 million.
• Analysts maintain a consensus “Hold” rating with an average price target of $13.50; institutional investors and hedge funds own 78.37% of the stock.

NuScale Power Corporation (NYSE:SMR - Get Free Report) Director Shinji Fujino sold 20,000 shares of the stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $8.86, for a total value of $177,200.00. Following the completion of the transaction, the director directly owned 17,242 shares of the company's stock, valued at $152,764.12. This represents a 53.70% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

NuScale Power Trading Down 2.5%

NYSE SMR traded down $0.23 during mid-day trading on Thursday, reaching $9.06. 31,848,623 shares of the company's stock traded hands, compared to its average volume of 30,463,930. NuScale Power Corporation has a 1-year low of $7.21 and a 1-year high of $57.42. The company has a fifty day simple moving average of $9.37 and a 200-day simple moving average of $11.30. The company has a market cap of $3.89 billion, a price-to-earnings ratio of -3.10 and a beta of 2.26.

NuScale Power (NYSE:SMR - Get Free Report) last announced its earnings results on Wednesday, August 5th. The company reported ($0.13) earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of ($0.13). The company had revenue of $0.07 million for the quarter, compared to analyst estimates of $8.80 million. NuScale Power had a negative return on equity of 35.59% and a negative net margin of 3,888.70%.NuScale Power's quarterly revenue was down 99.1% on a year-over-year basis. During the same period in the prior year, the company posted ($0.11) EPS. Equities research analysts forecast that NuScale Power Corporation will post -0.64 earnings per share for the current fiscal year.

Institutional Investors Weigh In On NuScale Power

Several institutional investors and hedge funds have recently made changes to their positions in the company. Harbour Investments Inc. lifted its stake in NuScale Power by 32.4% during the fourth quarter. Harbour Investments Inc. now owns 2,419 shares of the company's stock worth $34,000 after purchasing an additional 592 shares during the last quarter. Arax Advisory Partners increased its stake in NuScale Power by 26.0% during the fourth quarter. Arax Advisory Partners now owns 3,739 shares of the company's stock valued at $53,000 after purchasing an additional 772 shares during the last quarter. Newbridge Financial Services Group Inc. increased its stake in NuScale Power by 7.7% during the third quarter. Newbridge Financial Services Group Inc. now owns 14,270 shares of the company's stock valued at $514,000 after purchasing an additional 1,015 shares during the last quarter. Triumph Capital Management acquired a new stake in shares of NuScale Power during the third quarter worth $37,000. Finally, Parallel Advisors LLC raised its holdings in shares of NuScale Power by 1.8% during the first quarter. Parallel Advisors LLC now owns 59,898 shares of the company's stock worth $649,000 after purchasing an additional 1,053 shares during the period. 78.37% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. The Goldman Sachs Group set a $9.00 price target on shares of NuScale Power in a report on Friday, May 8th. Weiss Ratings reissued a "sell (d-)" rating on shares of NuScale Power in a report on Wednesday, June 24th. Citigroup dropped their target price on shares of NuScale Power from $7.50 to $6.50 and set a "sell" rating for the company in a research report on Thursday, August 6th. Royal Bank Of Canada cut their target price on shares of NuScale Power from $14.00 to $10.00 and set a "sector perform" rating on the stock in a research note on Tuesday, August 11th. Finally, Northland Securities set a $16.00 price target on shares of NuScale Power in a research report on Thursday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, nine have assigned a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $13.50.

NuScale Power Company Profile

NuScale Power Corporation, trading on the NYSE American under the ticker SMR, is a pioneering developer of small modular nuclear reactors. Established in 2007 as a spinout from Oregon State University, the company is headquartered in Portland, Oregon. NuScale’s mission is to deliver zero-carbon baseload power through scalable modular reactor technology, aiming to transform traditional nuclear energy deployment.

At the core of NuScale’s offering is the VOYGR small modular reactor design, featuring 77-megawatt electric (MWe) modules with passive safety systems.

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