NuScale Power (NYSE:SMR) Shares Down 2.5% - Here's What Happened

Key Points

• NuScale Power shares fell about 2.5% to $11.87 on Tuesday, trading ~18.3M shares (down 35% versus the average) with a market cap near $4.01 billion and 50/200‑day moving averages of $11.66 and $18.87.
• Analysts have trimmed price targets recently (examples: Cantor Fitzgerald to $20, Canaccord to $25, RBC to $14, Citi to $9); the stock's consensus rating is Hold with a consensus target of $19.77.
• NuScale posted a significant earnings miss for the quarter (EPS ‑$0.80 vs. ‑$0.10 expected; revenue $1.81M vs. $8.76M est.), and insiders have sold heavily—most notably Corp Fluor's sale of 13.5M shares for about $159.4M—with insiders disposing of 40.57M shares over the last 90 days.

NuScale Power Corporation (NYSE:SMR - Get Free Report) dropped 2.5% on Tuesday . The stock traded as low as $11.58 and last traded at $11.8730. Approximately 18,308,738 shares traded hands during trading, a decline of 35% from the average daily volume of 28,336,563 shares. The stock had previously closed at $12.18.

Wall Street Analyst Weigh In

SMR has been the topic of several research reports. Texas Capital upgraded shares of NuScale Power to a "strong-buy" rating in a report on Tuesday, January 27th. Cantor Fitzgerald dropped their price objective on shares of NuScale Power from $55.00 to $20.00 and set an "overweight" rating on the stock in a report on Tuesday, February 24th. Canaccord Genuity Group dropped their price objective on shares of NuScale Power from $60.00 to $25.00 and set a "buy" rating on the stock in a report on Friday, February 27th. Royal Bank Of Canada lowered their target price on shares of NuScale Power from $21.00 to $14.00 and set a "sector perform" rating on the stock in a report on Monday, March 2nd. Finally, Citigroup lowered their target price on shares of NuScale Power from $11.50 to $9.00 and set a "sell" rating on the stock in a report on Tuesday, April 21st. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, nine have given a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $19.77.

NuScale Power Stock Performance

The company has a market cap of $4.01 billion, a price-to-earnings ratio of -4.11 and a beta of 2.24. The stock's fifty day moving average is $11.66 and its two-hundred day moving average is $18.87.

NuScale Power (NYSE:SMR - Get Free Report) last posted its earnings results on Thursday, February 26th. The company reported ($0.80) earnings per share for the quarter, missing analysts' consensus estimates of ($0.10) by ($0.70). NuScale Power had a negative return on equity of 55.23% and a negative net margin of 1,130.26%.The business had revenue of $1.81 million during the quarter, compared to analyst estimates of $8.76 million. On average, equities research analysts expect that NuScale Power Corporation will post -0.44 EPS for the current year.

Insider Buying and Selling

In other NuScale Power news, CFO Robert Ramsey Hamady sold 18,570 shares of the company's stock in a transaction dated Tuesday, March 3rd. The shares were sold at an average price of $12.22, for a total value of $226,925.40. Following the completion of the sale, the chief financial officer directly owned 97,192 shares of the company's stock, valued at approximately $1,187,686.24. This represents a 16.04% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Corp Fluor sold 13,500,000 shares of the company's stock in a transaction dated Tuesday, April 21st. The stock was sold at an average price of $11.81, for a total transaction of $159,435,000.00. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 40,572,082 shares of company stock worth $481,029,608 over the last ninety days. Insiders own 1.28% of the company's stock.

Institutional Investors Weigh In On NuScale Power

A number of institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in NuScale Power by 40.5% in the 4th quarter. Vanguard Group Inc. now owns 15,545,018 shares of the company's stock worth $220,273,000 after purchasing an additional 4,482,254 shares in the last quarter. Van ECK Associates Corp grew its position in NuScale Power by 117.8% in the 4th quarter. Van ECK Associates Corp now owns 11,515,561 shares of the company's stock worth $163,176,000 after purchasing an additional 6,227,747 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in NuScale Power by 22.6% in the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,310,961 shares of the company's stock worth $263,195,000 after purchasing an additional 1,346,796 shares in the last quarter. Morgan Stanley grew its position in NuScale Power by 81.0% in the 4th quarter. Morgan Stanley now owns 5,277,905 shares of the company's stock worth $74,788,000 after purchasing an additional 2,361,532 shares in the last quarter. Finally, Samsung C&T Corp grew its position in NuScale Power by 98.9% in the 3rd quarter. Samsung C&T Corp now owns 5,185,804 shares of the company's stock worth $186,689,000 after purchasing an additional 2,578,702 shares in the last quarter. 78.37% of the stock is owned by institutional investors.

About NuScale Power

NuScale Power Corporation, trading on the NYSE American under the ticker SMR, is a pioneering developer of small modular nuclear reactors. Established in 2007 as a spinout from Oregon State University, the company is headquartered in Portland, Oregon. NuScale’s mission is to deliver zero-carbon baseload power through scalable modular reactor technology, aiming to transform traditional nuclear energy deployment.

At the core of NuScale’s offering is the VOYGR small modular reactor design, featuring 77-megawatt electric (MWe) modules with passive safety systems.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.