NuScale Power (NYSE:SMR) Stock Price Down 1.9% - Here's Why

Key Points

• NuScale Power shares fell 1.9% to $9.21, below both the 50-day moving average of $9.43 and the 200-day average of $11.52.
• Analyst sentiment is mixed but leans neutral: the consensus rating is “Hold” with an average price target of $13.50, while several firms recently lowered their targets.
• The company’s latest quarter showed significant weakness, including revenue of just $0.07 million versus an $8.80 million estimate and a 99.1% year-over-year revenue decline; analysts expect a full-year loss of $0.43 per share.

NuScale Power Corporation (NYSE:SMR - Get Free Report)'s stock price fell 1.9% on Monday . The company traded as low as $9.13 and last traded at $9.21. Approximately 23,311,249 shares changed hands during mid-day trading, a decline of 23% from the average daily volume of 30,418,180 shares. The stock had previously closed at $9.39.

Wall Street Analyst Weigh In

SMR has been the subject of several recent analyst reports. Royal Bank Of Canada decreased their price objective on shares of NuScale Power from $14.00 to $10.00 and set a "sector perform" rating for the company in a report on Tuesday, August 11th. Bank of America assumed coverage on NuScale Power in a report on Friday, May 22nd. They set a "neutral" rating and a $12.00 target price on the stock. Citigroup cut their target price on NuScale Power from $7.50 to $6.50 and set a "sell" rating for the company in a research report on Thursday, August 6th. Barclays decreased their price target on 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. Finally, Canaccord Genuity Group dropped their price objective on NuScale Power from $25.00 to $15.00 and set a "buy" rating on the stock in a research note on Thursday, August 6th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, nine have issued a Hold rating and three have issued a Sell rating to the company's stock. According to data from MarketBeat.com, NuScale Power has a consensus rating of "Hold" and an average price target of $13.50.

NuScale Power Trading Down 1.9%

The business's fifty day moving average is $9.43 and its 200 day moving average is $11.52. The firm has a market capitalization of $3.96 billion, a P/E ratio of -3.15 and a beta of 2.26.

NuScale Power (NYSE:SMR - Get Free Report) last released its earnings results on Wednesday, August 5th. The company reported ($0.13) EPS for the quarter, meeting the consensus estimate of ($0.13). The business had revenue of $0.07 million during the quarter, compared to analyst estimates of $8.80 million. NuScale Power had a negative net margin of 3,888.70% and a negative return on equity of 35.59%. The business's quarterly revenue was down 99.1% on a year-over-year basis. During the same period in the prior year, the business earned ($0.11) earnings per share. As a group, sell-side analysts predict that NuScale Power Corporation will post -0.43 earnings per share for the current fiscal year.

Insider Buying and Selling at NuScale Power

In related news, COO Carl M. Fisher sold 18,771 shares of NuScale Power stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $9.36, for a total value of $175,696.56. Following the transaction, the chief operating officer directly owned 114,718 shares in the company, valued at $1,073,760.48. The trade was a 14.06% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 1.28% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On NuScale Power

Several hedge funds have recently modified their holdings of SMR. Triumph Capital Management purchased a new position in NuScale Power in the 3rd quarter worth about $37,000. EverSource Wealth Advisors LLC lifted its stake in NuScale Power by 187.6% during the second quarter. EverSource Wealth Advisors LLC now owns 1,694 shares of the company's stock valued at $67,000 after buying an additional 1,105 shares in the last quarter. Ancora Advisors LLC lifted its stake in NuScale Power by 177,500.0% during the third quarter. Ancora Advisors LLC now owns 1,776 shares of the company's stock valued at $64,000 after buying an additional 1,775 shares in the last quarter. Vermillion & White Wealth Management Group LLC boosted its holdings in shares of NuScale Power by 1,550.9% in the fourth quarter. Vermillion & White Wealth Management Group LLC now owns 1,783 shares of the company's stock worth $25,000 after buying an additional 1,675 shares during the period. Finally, Monimus Capital Management LP acquired a new position in shares of NuScale Power in the second quarter worth about $72,000. 78.37% of the stock is owned by hedge funds and other institutional investors.

NuScale Power Company Profile

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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