NuScale Power (NYSE:SMR) Stock Price Down 11.7% - What's Next?

Key Points

• Shares fell 11.7% to about $18.66 on Thursday on heavy trading (31.0M shares, +114% vs. average), leaving the stock well below its 50‑ and 200‑day moving averages (~$37).
• NuScale reported a large quarterly miss—EPS of ($1.85) vs. ($0.11) expected and revenue of $8.24M vs. $11.29M—contributing to very negative margins and ROE; analysts’ consensus rating is “Reduce” with an average price target of $37.50, though individual ratings remain mixed.
• Insider selling has been extensive, with 15,030,641 shares sold (~$606M) in the last 90 days and insiders now owning just 1.27% of the company.

NuScale Power Corporation (NYSE:SMR - Get Free Report)'s share price fell 11.7% during trading on Thursday . The stock traded as low as $18.58 and last traded at $18.6560. 31,017,617 shares traded hands during trading, an increase of 114% from the average session volume of 14,512,300 shares. The stock had previously closed at $21.13.

Wall Street Analyst Weigh In

SMR has been the topic of a number of recent research reports. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of NuScale Power in a research report on Monday. Barclays began coverage on shares of NuScale Power in a research note on Monday, September 29th. They set an "equal weight" rating and a $45.00 price objective on the stock. Bank of America reaffirmed an "underperform" rating and set a $34.00 target price (down previously from $38.00) on shares of NuScale Power in a research note on Tuesday, September 30th. BNP Paribas cut NuScale Power from a "hold" rating to a "strong sell" rating in a research report on Tuesday, October 21st. Finally, Cantor Fitzgerald began coverage on NuScale Power in a research note on Tuesday, October 21st. They issued an "overweight" rating and a $55.00 price target on the stock. Three investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and six have given a Sell rating to the company. According to data from MarketBeat.com, NuScale Power presently has an average rating of "Reduce" and an average price target of $37.50.

NuScale Power Trading Down 11.7%

The company has a market capitalization of $5.57 billion, a PE ratio of -6.52 and a beta of 2.03. The business's fifty day moving average is $37.31 and its two-hundred day moving average is $36.48.

NuScale Power (NYSE:SMR - Get Free Report) last posted 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 return on equity of 51.27% and a negative net margin of 594.63%.The business had revenue of $8.24 million during the quarter, compared to the consensus estimate of $11.29 million. During the same period in the previous year, the business posted ($0.18) EPS. The firm's revenue for the quarter was up 1635.2% on a year-over-year basis. As a group, equities research analysts anticipate that NuScale Power Corporation will post -0.73 EPS for the current year.

Insider Buying and Selling

In other NuScale Power news, Director Corp Fluor sold 87,900 shares of the business's stock in a transaction dated Wednesday, October 8th. The stock was sold at an average price of $39.58, for a total value of $3,479,082.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In the last ninety days, insiders sold 15,030,641 shares of company stock valued at $605,953,415. 1.27% of the stock is currently owned by company insiders.

Institutional Trading of NuScale Power

A number of large investors have recently made changes to their positions in SMR. Harbour Investments Inc. lifted its position in NuScale Power by 21.3% during the second quarter. Harbour Investments Inc. now owns 1,156 shares of the company's stock valued at $46,000 after purchasing an additional 203 shares during the period. D.A. Davidson & CO. grew its position in NuScale Power by 1.0% in the 2nd quarter. D.A. Davidson & CO. now owns 20,822 shares of the company's stock worth $824,000 after purchasing an additional 212 shares during the period. Pasadena Private Wealth LLC raised its stake in NuScale Power by 4.9% during the 3rd quarter. Pasadena Private Wealth LLC now owns 6,147 shares of the company's stock valued at $221,000 after buying an additional 287 shares during the last quarter. Family Capital Management Inc. lifted its holdings in shares of NuScale Power by 3.5% during the 3rd quarter. Family Capital Management Inc. now owns 8,682 shares of the company's stock valued at $313,000 after buying an additional 291 shares during the period. Finally, Cibc World Market Inc. boosted its stake in shares of NuScale Power by 3.8% in the 3rd quarter. Cibc World Market Inc. now owns 9,000 shares of the company's stock worth $324,000 after buying an additional 329 shares during the last quarter. 78.37% of the stock is currently owned by institutional investors.

About NuScale Power

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.

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.