NuScale Power (NYSE:SMR) Director Sells $20,773,656.00 in Stock

Key Points

• NuScale Power Director Corp Fluor sold 577,046 shares of stock for a total of $20,773,656, resulting in a 4.06% decrease in ownership.
• The company's stock recently traded up to $38.06, with a market cap of $10.84 billion and a price-to-earnings ratio of 200.72.
• NuScale Power reported earnings of ($0.13) per share in its last quarterly earnings, missing the consensus estimate, with projected earnings per share for the current year forecasted at -0.73.

NuScale Power Corporation (NYSE:SMR - Get Free Report) Director Corp Fluor sold 577,046 shares of the stock in a transaction that occurred on Wednesday, September 17th. The stock was sold at an average price of $36.00, for a total value of $20,773,656.00. Following the sale, the director owned 13,651,411 shares in the company, valued at $491,450,796. The trade was a 4.06% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

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

• On Thursday, September 18th, Corp Fluor sold 1,193,504 shares of NuScale Power stock. The stock was sold at an average price of $38.95, for a total value of $46,486,980.80.
• On Tuesday, September 16th, Corp Fluor sold 771,543 shares of NuScale Power stock. The stock was sold at an average price of $37.26, for a total value of $28,747,692.18.

NuScale Power Stock Performance

Shares of NuScale Power stock traded up $1.93 on Thursday, reaching $38.06. 25,887,624 shares of the company were exchanged, compared to its average volume of 13,509,442. NuScale Power Corporation has a 1-year low of $9.20 and a 1-year high of $53.50. The firm has a market cap of $10.84 billion, a price-to-earnings ratio of 200.72 and a beta of 2.03. The company's 50-day moving average is $40.20 and its two-hundred day moving average is $29.53.

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 analysts' consensus estimates of ($0.12) by ($0.01). NuScale Power had a positive return on equity of 2.61% and a negative net margin of 221.07%.The business had revenue of $8.05 million during the quarter, compared to the consensus estimate of $10.49 million. As a group, sell-side analysts forecast that NuScale Power Corporation will post -0.73 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages recently issued reports on SMR. CLSA set a $41.00 price objective on NuScale Power and gave the stock an "outperform" rating in a report on Tuesday, May 27th. Canaccord Genuity Group increased their price objective on NuScale Power from $44.00 to $60.00 and gave the stock a "buy" rating in a report on Wednesday, September 3rd. BNP Paribas raised NuScale Power to a "hold" rating in a report on Friday, July 25th. Citigroup started coverage on NuScale Power in a report on Monday, June 23rd. They issued a "neutral" rating and a $46.00 price objective for the company. Finally, Northland Securities started coverage on NuScale Power in a research note on Monday, July 7th. They set a "market perform" rating and a $35.00 price target for the company. Three analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $36.09.

Institutional Investors Weigh In On NuScale Power

Institutional investors and hedge funds have recently modified their holdings of the stock. Quantbot Technologies LP purchased a new position in shares of NuScale Power during the first quarter valued at $27,000. Thurston Springer Miller Herd & Titak Inc. boosted its position in NuScale Power by 84.5% during the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 784 shares of the company's stock worth $31,000 after acquiring an additional 359 shares during the period. Rothschild Investment LLC grew its stake in NuScale Power by 45.2% during 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 in the last quarter. NBC Securities Inc. grew its stake in NuScale Power by 165,450.0% during 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 in the last quarter. Finally, Harbour Investments Inc. increased its holdings in shares of 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 purchasing an additional 203 shares during the period. 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.

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