NuScale Power (NYSE:SMR) Posts Earnings Results, Beats Expectations By $0.06 EPS

NuScale Power (NYSE:SMR - Get Free Report) announced its quarterly earnings data on Monday. The company reported ($0.11) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.17) by $0.06, Zacks reports. NuScale Power had a negative net margin of 1,089.32% and a negative return on equity of 72.85%.

NuScale Power Trading Up 2.9%

Shares of NYSE:SMR traded up $0.50 on Monday, hitting $17.95. The company had a trading volume of 9,974,486 shares, compared to its average volume of 8,447,847. The firm's 50-day simple moving average is $16.01 and its two-hundred day simple moving average is $20.14. NuScale Power has a 1 year low of $5.86 and a 1 year high of $32.30. The company has a quick ratio of 2.24, a current ratio of 2.24 and a debt-to-equity ratio of 0.26. The firm has a market capitalization of $5.07 billion, a price-to-earnings ratio of -18.90 and a beta of 1.62.

Insider Transactions at NuScale Power

In other NuScale Power news, VP Jacqueline F. Engel sold 24,618 shares of the firm's stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $14.52, for a total transaction of $357,453.36. Following the completion of the sale, the vice president now directly owns 1,149 shares in the company, valued at approximately $16,683.48. This trade represents a 95.54% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO John Lawrence Hopkins sold 22,674 shares of the firm's stock in a transaction dated Thursday, May 8th. The shares were sold at an average price of $16.74, for a total transaction of $379,562.76. Following the sale, the chief executive officer now owns 26,345 shares of the company's stock, valued at approximately $441,015.30. This represents a 46.26% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 158,047 shares of company stock valued at $2,514,898. Company insiders own 1.27% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on SMR shares. UBS Group cut their price target on shares of NuScale Power from $25.00 to $17.00 and set a "neutral" rating on the stock in a report on Friday, March 7th. BTIG Research started coverage on shares of NuScale Power in a report on Friday, April 11th. They issued a "buy" rating and a $20.00 price target on the stock. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, NuScale Power presently has a consensus rating of "Moderate Buy" and a consensus target price of $16.60.

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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