NuScale Power (NYSE:SMR) Shares Down 7.2% - Should You Sell?

Key Points

• NuScale Power's shares fell by 7.2% on Friday, trading as low as $42.67 with a substantial increase in trading volume, surpassing average session numbers by 128%.
• Analysts have issued mixed ratings on NuScale Power, with a range of price targets from $38.09 to $46.00, indicating an average rating of "Hold" among twelve analysts.
• The company reported a quarterly earnings miss, posting a loss of ($0.13) per share and revenue of $8.05 million, which was below analysts' estimates of $10.49 million.

Shares of NuScale Power Corporation (NYSE:SMR - Get Free Report) traded down 7.2% on Friday . The company traded as low as $42.67 and last traded at $44.19. 30,548,949 shares changed hands during mid-day trading, an increase of 128% from the average session volume of 13,382,949 shares. The stock had previously closed at $47.64.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. BNP Paribas Exane initiated coverage on shares of NuScale Power in a report on Friday, July 25th. They issued a "neutral" rating and a $41.00 price objective on the stock. Weiss Ratings reiterated a "sell (e+)" rating on shares of NuScale Power in a research note on Wednesday, October 8th. Citigroup initiated coverage on shares of NuScale Power in a research report on Monday, June 23rd. They issued a "neutral" rating and a $46.00 price target on the stock. Barclays assumed coverage on shares of NuScale Power in a report on Monday, September 29th. They issued an "equal weight" rating and a $45.00 price target on the stock. Finally, Northland Capmk upgraded shares of NuScale Power to a "hold" rating in a research note on Monday, July 7th. Two equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $38.09.

NuScale Power Stock Down 7.2%

The company's fifty day moving average is $38.20 and its two-hundred day moving average is $33.09. The firm has a market capitalization of $12.59 billion, a price-to-earnings ratio of -37.13 and a beta of 2.02.

NuScale Power (NYSE:SMR - Get Free Report) last announced its quarterly earnings results on Thursday, August 7th. The company reported ($0.13) earnings per share for the quarter, missing analysts' consensus estimates of ($0.12) by ($0.01). The firm had revenue of $8.05 million during the quarter, compared to analyst estimates of $10.49 million. NuScale Power had a negative net margin of 221.07% and a positive return on equity of 2.61%. On average, equities research analysts expect that NuScale Power Corporation will post -0.73 EPS for the current year.

Insider Buying and Selling at NuScale Power

In related news, Director Corp Fluor sold 87,900 shares of the stock in a transaction that occurred on Wednesday, October 8th. The shares were sold at an average price of $39.58, for a total value of $3,479,082.00. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In the last 90 days, insiders have sold 15,048,847 shares of company stock valued at $606,761,579. Company insiders own 1.27% of the company's stock.

Institutional Trading of NuScale Power

Hedge funds have recently bought and sold shares of the stock. Quantbot Technologies LP acquired a new stake in NuScale Power during the 1st quarter worth approximately $27,000. Thurston Springer Miller Herd & Titak Inc. grew its stake in shares of 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. Indiana Trust & Investment Management Co bought a new position in shares of NuScale Power during the 3rd quarter worth approximately $34,000. Rothschild Investment LLC grew its stake in shares of 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, Harbour Investments Inc. grew its stake in shares of 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 acquiring an additional 203 shares in the last quarter. 78.37% of the stock is currently owned by institutional investors and hedge funds.

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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