NuScale Power (NYSE:SMR) Shares Up 6.7% - Here's What Happened

Key Points

• Shares up 6.7% — NuScale Power rose 6.7% on Friday, trading as high as $20.55 and last at $20.17 on roughly 34.6M shares, giving the company a market cap of about $6.02 billion.
• Big earnings miss — The company reported Q earnings of ($1.85) EPS versus a consensus of ($0.11), with a negative net margin (594.63%) and revenue of $8.24M below estimates despite strong YoY revenue growth.
• Mixed analyst and insider signals — Analyst sentiment is split (4 Buy / 9 Hold / 4 Sell) with a consensus target of $34.75 and price targets ranging from $23 to $55, while the CFO sold 40,000 shares at $22.17, cutting his stake by ~46%.

NuScale Power Corporation (NYSE:SMR - Get Free Report) shares rose 6.7% on Friday . The stock traded as high as $20.55 and last traded at $20.17. Approximately 34,612,085 shares were traded during mid-day trading, a decline of 1% from the average daily volume of 34,865,363 shares. The stock had previously closed at $18.90.

Analyst Ratings Changes

Several research firms have commented on SMR. Barclays initiated coverage on shares of NuScale Power in a research report on Monday, September 29th. They set an "equal weight" rating and a $45.00 price objective for the company. Cantor Fitzgerald assumed coverage on shares of NuScale Power in a report on Tuesday, October 21st. They issued an "overweight" rating and a $55.00 price target for the company. UBS Group set a $20.00 price target on NuScale Power in a research report on Tuesday, November 25th. The Goldman Sachs Group decreased their price objective on NuScale Power from $27.00 to $23.00 and set a "neutral" rating on the stock in a research report on Friday, December 12th. Finally, Citigroup reaffirmed a "sell" rating and issued a $37.50 price objective (down from $46.00) on shares of NuScale Power in a research note on Tuesday, October 21st. Four investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $34.75.

NuScale Power Stock Up 6.7%

The firm has a market cap of $6.02 billion, a P/E ratio of -7.05 and a beta of 2.12. The company's 50 day simple moving average is $19.37 and its 200-day simple moving average is $32.85.

NuScale Power (NYSE:SMR - Get Free Report) last released its earnings results on Thursday, November 6th. The company reported ($1.85) EPS for the quarter, missing analysts' consensus estimates of ($0.11) by ($1.74). NuScale Power had a negative net margin of 594.63% and a negative return on equity of 51.27%. The business had revenue of $8.24 million for the quarter, compared to the consensus estimate of $11.29 million. During the same period in the prior year, the company posted ($0.18) EPS. The company's quarterly revenue was up 1635.2% compared to the same quarter last year. Equities research analysts predict that NuScale Power Corporation will post -0.73 EPS for the current year.

Insiders Place Their Bets

In other news, CFO Robert Ramsey Hamady sold 40,000 shares of NuScale Power stock in a transaction on Monday, December 8th. The stock was sold at an average price of $22.17, for a total transaction of $886,800.00. Following the completion of the sale, the chief financial officer directly owned 46,283 shares in the company, valued at approximately $1,026,094.11. This trade represents a 46.36% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.20% of the stock is currently owned by insiders.

Institutional Trading of NuScale Power

A number of hedge funds have recently added to or reduced their stakes in the business. Private Wealth Partners LLC increased its holdings in NuScale Power by 39.4% in the second quarter. Private Wealth Partners LLC now owns 23,000 shares of the company's stock valued at $910,000 after buying an additional 6,500 shares in the last quarter. Intech Investment Management LLC grew its holdings in shares of NuScale Power by 72.3% in the 2nd quarter. Intech Investment Management LLC now owns 91,362 shares of the company's stock worth $3,614,000 after acquiring an additional 38,347 shares during the period. Truist Financial Corp grew its holdings in shares of NuScale Power by 23.3% in the 2nd quarter. Truist Financial Corp now owns 47,645 shares of the company's stock worth $1,885,000 after acquiring an additional 9,016 shares during the period. Black Swift Group LLC purchased a new position in NuScale Power in the 2nd quarter valued at approximately $585,000. Finally, Geode Capital Management LLC raised its holdings in NuScale Power by 25.2% during the second quarter. Geode Capital Management LLC now owns 2,854,664 shares of the company's stock worth $112,944,000 after purchasing an additional 574,295 shares during the last quarter. 78.37% of the stock is owned by hedge funds and other 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.

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