NuScale Power (NYSE:SMR) Director Sells $27,156,329.50 in Stock

Key Points

• NuScale Power Director Corp Fluor sold 697,210 shares valued at $27,156,329.50, reducing their holdings by 12.53% to a total of 4,865,687 shares.
• The company's stock recently traded up 1.8% to $36.66, with a current market cap of $10.44 billion.
• Despite the recent performance, analysts have mixed ratings for NuScale Power, with a consensus rating of "Hold" and a price target of $36.67.

NuScale Power Corporation (NYSE:SMR - Get Free Report) Director Corp Fluor sold 697,210 shares of the stock in a transaction on Monday, September 29th. The shares were sold at an average price of $38.95, for a total value of $27,156,329.50. Following the completion of the sale, the director owned 4,865,687 shares of the company's stock, valued at $189,518,508.65. The trade was a 12.53% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Wednesday, October 1st, Corp Fluor sold 532,354 shares of NuScale Power stock. The stock was 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 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 shares were sold at an average price of $40.49, for a total transaction of $31,336,061.29.
• On Tuesday, September 23rd, Corp Fluor sold 981,688 shares of NuScale Power stock. The stock was sold at an average price of $42.69, for a total transaction of $41,908,260.72.
• On Monday, September 22nd, Corp Fluor sold 1,213,069 shares of NuScale Power stock. The stock was sold at an average price of $44.84, for a total transaction of $54,394,013.96.
• On Friday, September 19th, Corp Fluor sold 2,372,563 shares of NuScale Power stock. The shares were sold at an average price of $43.99, for a total transaction of $104,369,046.37.
• 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 transaction of $46,486,980.80.
• On Wednesday, September 17th, Corp Fluor sold 577,046 shares of NuScale Power stock. The stock was sold at an average price of $36.00, for a total transaction of $20,773,656.00.

NuScale Power Stock Up 1.8%

Shares of SMR stock traded up $0.66 during trading hours on Wednesday, hitting $36.66. 13,088,927 shares of the company's stock traded hands, compared to its average volume of 19,579,782. NuScale Power Corporation has a 12 month low of $11.08 and a 12 month high of $53.50. The stock's 50 day simple moving average is $39.34 and its 200 day simple moving average is $31.16. The stock has a market cap of $10.44 billion, a PE ratio of -30.81 and a beta of 2.02.

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

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on SMR shares. Northland Capmk upgraded shares of NuScale Power to a "hold" rating in a research note on Monday, July 7th. Bank of America reissued an "underperform" rating and set a $34.00 target price (down from $38.00) on shares of NuScale Power in a research note on Tuesday. BNP Paribas raised shares of NuScale Power to a "hold" rating in a research report on Friday, July 25th. Royal Bank Of Canada started coverage on NuScale Power in a research report on Monday, September 15th. They set a "sector perform" rating and a $35.00 target price on the stock. Finally, Northland Securities initiated coverage on NuScale Power in a research report on Monday, July 7th. They set a "market perform" rating and a $35.00 price objective for the company. Three research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $36.67.

Institutional Trading of NuScale Power

Several hedge funds have recently made changes to their positions in SMR. Wealth Enhancement Advisory Services LLC bought a new stake in NuScale Power during the 4th quarter valued at $207,000. California State Teachers Retirement System lifted its position in shares of NuScale Power by 17.9% during the 4th quarter. California State Teachers Retirement System now owns 79,687 shares of the company's stock worth $1,429,000 after purchasing an additional 12,070 shares during the last quarter. GAMMA Investing LLC lifted its position in shares of NuScale Power by 5,590.4% during the 1st quarter. GAMMA Investing LLC now owns 15,364 shares of the company's stock worth $218,000 after purchasing an additional 15,094 shares during the last quarter. Rhumbline Advisers raised its holdings in NuScale Power by 12.8% in the 1st quarter. Rhumbline Advisers now owns 125,708 shares of the company's stock valued at $1,780,000 after acquiring an additional 14,304 shares in the last quarter. Finally, NBC Securities Inc. raised its holdings in shares of NuScale Power by 165,450.0% in the 1st quarter. NBC Securities Inc. now owns 3,311 shares of the company's stock worth $46,000 after buying an additional 3,309 shares in the last quarter. Institutional investors own 78.37% of the company's stock.

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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