NuScale Power (NYSE:SMR) Director Sells $36,219,539.53 in Stock

Key Points

• Corp Fluor, a director at NuScale Power, sold a total of $36.2 million worth of stock, marking a significant 48.45% decrease in their position.
• Despite the insider selling, NuScale Power shares recently traded at $41.94, showing a substantial increase in trading volume compared to the average.
• NuScale Power reported a net loss of (\$0.13) EPS in its last earnings report, missing estimates, with revenue of $8.05 million for the quarter.

NuScale Power Corporation (NYSE:SMR - Get Free Report) Director Corp Fluor sold 854,033 shares of NuScale Power stock in a transaction dated Monday, October 6th. The shares were sold at an average price of $42.41, for a total value of $36,219,539.53. Following the transaction, the director owned 908,761 shares of the company's stock, valued at $38,540,554.01. The trade was a 48.45% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

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

• 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 shares were sold at an average price of $36.72, for a total value of $33,380,499.60.
• On Monday, September 29th, Corp Fluor sold 697,210 shares of NuScale Power stock. The shares were sold at an average price of $38.95, for a total value of $27,156,329.50.
• On Friday, September 26th, Corp Fluor sold 588,720 shares of NuScale Power stock. The shares were sold at an average price of $37.97, for a total value of $22,353,698.40.
• On Thursday, September 25th, Corp Fluor sold 965,049 shares of NuScale Power stock. The shares were sold at an average price of $37.67, for a total value 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 value of $31,336,061.29.
• On Tuesday, September 23rd, Corp Fluor sold 981,688 shares of NuScale Power stock. The shares were sold at an average price of $42.69, for a total value 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.

NuScale Power Stock Performance

Shares of SMR stock traded up $1.82 on Monday, reaching $41.94. 18,372,109 shares of the company were exchanged, compared to its average volume of 12,543,067. The company has a market cap of $11.95 billion, a price-to-earnings ratio of -35.24 and a beta of 2.02. The business has a 50-day moving average price of $38.88 and a 200 day moving average price of $31.65. NuScale Power Corporation has a 1 year low of $11.08 and a 1 year high of $53.50.

NuScale Power (NYSE:SMR - Get Free Report) last released its 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 for the quarter, compared to analysts' expectations of $10.49 million. As a group, equities analysts anticipate that NuScale Power Corporation will post -0.73 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Harbour Investments Inc. grew its stake in NuScale Power by 21.3% during the 2nd quarter. Harbour Investments Inc. now owns 1,156 shares of the company's stock worth $46,000 after purchasing an additional 203 shares in the last quarter. D.A. Davidson & CO. grew its position in shares of NuScale Power by 1.0% during the second quarter. D.A. Davidson & CO. now owns 20,822 shares of the company's stock worth $824,000 after buying an additional 212 shares in the last quarter. TD Waterhouse Canada Inc. grew its position in shares of NuScale Power by 14.8% during the second quarter. TD Waterhouse Canada Inc. now owns 2,641 shares of the company's stock worth $95,000 after buying an additional 341 shares in the last quarter. Rothschild Investment LLC grew its holdings in NuScale Power by 45.2% during the 2nd quarter. Rothschild Investment LLC now owns 1,125 shares of the company's stock worth $45,000 after acquiring an additional 350 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. grew its holdings 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 in the last quarter. 78.37% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. BNP Paribas Exane assumed coverage on NuScale Power in a report on Friday, July 25th. They set a "neutral" rating and a $41.00 price target for the company. Canaccord Genuity Group increased their target price on shares of NuScale Power from $44.00 to $60.00 and gave the stock a "buy" rating in a research note on Wednesday, September 3rd. Weiss Ratings reaffirmed a "sell (e+)" rating on shares of NuScale Power in a research note on Saturday, September 27th. UBS Group increased their price objective on shares of NuScale Power from $34.00 to $38.00 and gave the stock a "neutral" rating in a research report on Monday, August 11th. Finally, Northland Capmk raised shares of NuScale Power to a "hold" rating in a research report on Monday, July 7th. Three investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have assigned a Sell rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $36.67.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.