NuScale Power (NYSE:SMR) Director Sells $41,908,260.72 in Stock

Key Points

• NuScale Power director Corp Fluor sold 981,688 shares for a total of $41,908,260.72, decreasing their position by 11.06%.
• The company's shares traded down $3.45 to $41.55 during trading hours, with a market capitalization of $11.84 billion.
• NuScale Power reported a loss of ($0.13) EPS for the last quarter, missing the consensus estimate, with a negative net margin of 221.07%.

NuScale Power Corporation (NYSE:SMR - Get Free Report) Director Corp Fluor sold 981,688 shares of the stock in a transaction dated Tuesday, September 23rd. The stock was sold at an average price of $42.69, for a total transaction of $41,908,260.72. Following the sale, the director owned 7,890,587 shares in the company, valued at approximately $336,849,159.03. This trade represents a 11.06% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

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

• 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 transaction of $20,773,656.00.
• On Tuesday, September 16th, Corp Fluor sold 771,543 shares of NuScale Power stock. The shares were sold at an average price of $37.26, for a total transaction of $28,747,692.18.

NuScale Power Stock Performance

Shares of NYSE:SMR traded down $3.45 during trading hours on Tuesday, hitting $41.55. The stock had a trading volume of 20,972,407 shares, compared to its average volume of 17,171,030. The stock's fifty day simple moving average is $40.45 and its 200 day simple moving average is $30.36. NuScale Power Corporation has a 1-year low of $10.71 and a 1-year high of $53.50. The firm has a market capitalization of $11.84 billion, a price-to-earnings ratio of -34.91 and a beta of 2.03.

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 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 firm had revenue of $8.05 million during the quarter, compared to analyst estimates of $10.49 million. As a group, research analysts anticipate that NuScale Power Corporation will post -0.73 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on SMR shares. Royal Bank Of Canada started coverage on shares of NuScale Power in a report on Monday, September 15th. They issued a "sector perform" rating and a $35.00 price objective for the company. BNP Paribas Exane started coverage on shares of NuScale Power in a report on Friday, July 25th. They issued a "neutral" rating and a $41.00 price objective for the company. UBS Group increased their price objective on shares of NuScale Power from $34.00 to $38.00 and gave the company a "neutral" rating in a report on Monday, August 11th. CLSA set a $41.00 target price on shares of NuScale Power and gave the stock an "outperform" rating in a report on Tuesday, May 27th. Finally, BTIG Research cut shares of NuScale Power from a "buy" rating to a "neutral" rating in a report on Wednesday, June 25th. Three analysts have rated the stock with a Buy rating and ten have issued a Hold 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 $36.09.

Institutional Investors Weigh In On NuScale Power

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Harbour Investments Inc. lifted its position in NuScale Power by 21.3% in the 2nd 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. D.A. Davidson & CO. lifted its position in NuScale Power by 1.0% in the 2nd 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. lifted its position in NuScale Power by 14.8% in the 2nd 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 lifted its position in NuScale Power by 45.2% in the 2nd 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. Finally, Thurston Springer Miller Herd & Titak Inc. lifted its position in NuScale Power by 84.5% in the 2nd 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. Hedge funds and other institutional investors 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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