NuScale Power (NYSE:SMR) Director Sells $31,336,061.29 in Stock

Key Points

• NuScale Power Director Corp Fluor sold a total of $31,336,061.29 in stock, reducing ownership by 9.81% to 7,116,666 shares worth $288,153,806.34 following multiple sales over several days.
• The company reported a loss of $0.13 EPS for its last quarter, missing analysts' estimates, and had a revenue of $8.05 million, falling short of a projected $10.49 million.
• Analysts maintain a consensus rating of "Hold" on NuScale Power, with a price target averaging $36.09 as several firms have issued mixed ratings on the stock.

NuScale Power Corporation (NYSE:SMR - Get Free Report) Director Corp Fluor sold 773,921 shares of the company's stock in a transaction dated Wednesday, September 24th. The stock was sold at an average price of $40.49, for a total transaction of $31,336,061.29. Following the completion of the sale, the director directly owned 7,116,666 shares in the company, valued at $288,153,806.34. This represents a 9.81% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

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

• 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 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 stock was 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 shares were sold at an average price of $36.00, for a total value of $20,773,656.00.
• 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 Trading Up 0.6%

NYSE:SMR traded up $0.24 during mid-day trading on Friday, reaching $37.94. The company's stock had a trading volume of 12,574,994 shares, compared to its average volume of 12,387,227. The firm's fifty day moving average price is $40.13 and its two-hundred day moving average price is $30.58. The stock has a market cap of $10.81 billion, a P/E ratio of -31.88 and a beta of 2.03. NuScale Power Corporation has a 12-month low of $10.71 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) 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 company had revenue of $8.05 million during the quarter, compared to the consensus estimate of $10.49 million. Analysts predict that NuScale Power Corporation will post -0.73 earnings per share for the current fiscal year.

Hedge Funds Weigh In On NuScale Power

Large investors have recently added to or reduced their stakes in the company. Quantbot Technologies LP purchased a new position in shares of NuScale Power in the first quarter worth $27,000. Thurston Springer Miller Herd & Titak Inc. lifted its holdings in shares of NuScale Power by 84.5% in the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 784 shares of the company's stock worth $31,000 after buying an additional 359 shares in the last quarter. Rothschild Investment LLC lifted its holdings in shares of NuScale Power by 45.2% in the second quarter. Rothschild Investment LLC now owns 1,125 shares of the company's stock worth $45,000 after buying an additional 350 shares in the last quarter. NBC Securities Inc. lifted its holdings in shares of NuScale Power by 165,450.0% in the first 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. Finally, Harbour Investments Inc. lifted its holdings in shares of NuScale Power by 21.3% in the second quarter. Harbour Investments Inc. now owns 1,156 shares of the company's stock worth $46,000 after buying an additional 203 shares in the last quarter. Hedge funds and other institutional investors own 78.37% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the stock. BNP Paribas Exane began coverage on shares of NuScale Power in a research note on Friday, July 25th. They issued a "neutral" rating and a $41.00 price target for the company. UBS Group boosted their target price on shares of NuScale Power from $34.00 to $38.00 and gave the company a "neutral" rating in a research report on Monday, August 11th. Northland Capmk upgraded shares of NuScale Power to a "hold" rating in a research report on Monday, July 7th. BNP Paribas upgraded shares of NuScale Power to a "hold" rating in a research report on Friday, July 25th. Finally, BTIG Research lowered shares of NuScale Power from a "buy" rating to a "neutral" rating in a research report on Wednesday, June 25th. Three equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $36.09.

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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