NuScale Power (NYSE:SMR) Shares Down 2.5% on Insider Selling

Key Points

• NuScale Power shares fell 2.5% to $9.06 after director Shinji Fujino sold 20,000 shares for $177,200, reducing his ownership by 53.7%.
• Analyst sentiment remains mixed, with the stock carrying a consensus “Hold” rating and a $13.50 target price; recent price targets ranged from $6.50 to $15.00.
• NuScale reported a quarterly loss of $0.13 per share in line with estimates, but revenue was just $0.07 million—down 99.1% year over year and far below analysts’ $8.80 million forecast.

NuScale Power Corporation (NYSE:SMR - Get Free Report)'s stock price was down 2.5% on Thursday after an insider sold shares in the company. The company traded as low as $8.77 and last traded at $9.06. 31,832,419 shares changed hands during mid-day trading, an increase of 4% from the average session volume of 30,463,691 shares. The stock had previously closed at $9.29.

Specifically, Director Shinji Fujino sold 20,000 shares of the business's stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $8.86, for a total value of $177,200.00. Following the sale, the director directly owned 17,242 shares in the company, valued at $152,764.12. The trade was a 53.70% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on SMR shares. B. Riley Financial decreased their price objective on NuScale Power from $19.00 to $15.00 and set a "buy" rating for the company in a report on Friday, August 14th. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of NuScale Power in a report on Wednesday, June 24th. Barclays reduced their target price on shares of NuScale Power from $15.00 to $11.00 and set an "equal weight" rating for the company in a research note on Wednesday, July 22nd. Citigroup dropped their price target on shares of NuScale Power from $7.50 to $6.50 and set a "sell" rating on the stock in a research note on Thursday, August 6th. Finally, The Goldman Sachs Group set a $9.00 price objective on shares of NuScale Power in a report on Friday, May 8th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, nine have given a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, NuScale Power has an average rating of "Hold" and a consensus target price of $13.50.

NuScale Power Trading Down 2.5%

The business has a fifty day moving average of $9.37 and a 200-day moving average of $11.30. The firm has a market cap of $3.89 billion, a PE ratio of -3.10 and a beta of 2.26.

NuScale Power (NYSE:SMR - Get Free Report) last posted its earnings results on Wednesday, August 5th. The company reported ($0.13) earnings per share for the quarter, meeting analysts' consensus estimates of ($0.13). NuScale Power had a negative return on equity of 35.59% and a negative net margin of 3,888.70%.The business had revenue of $0.07 million during the quarter, compared to analyst estimates of $8.80 million. During the same quarter in the previous year, the firm earned ($0.11) EPS. The company's quarterly revenue was down 99.1% compared to the same quarter last year. On average, equities analysts forecast that NuScale Power Corporation will post -0.64 EPS for the current year.

Hedge Funds Weigh In On NuScale Power

Several hedge funds have recently bought and sold shares of SMR. Van ECK Associates Corp lifted its stake 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. Renaissance Technologies LLC bought a new position in NuScale Power in the 1st quarter valued at $59,141,000. Vanguard Group Inc. grew its position in shares of NuScale Power by 40.5% during the 4th quarter. Vanguard Group Inc. now owns 15,545,018 shares of the company's stock valued at $220,273,000 after purchasing an additional 4,482,254 shares in the last quarter. Voloridge Investment Management LLC purchased a new position in shares of NuScale Power during the 4th quarter valued at $48,993,000. Finally, Samsung C&T Corp increased its holdings in shares of NuScale Power by 98.9% in the third 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 during the period. Hedge funds and other institutional investors own 78.37% of the company's stock.

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.

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