NuScale Power (NYSE:SMR) Stock Price Down 3.9% - Here's Why

Key Points

• NuScale Power shares fell 3.9% to $8.21, with trading volume below the stock’s average session volume.
• Analyst sentiment remains mixed but leans toward “Hold”: Barclays and B. Riley lowered their price targets, while the consensus target is $15.15.
• The company’s latest quarterly results missed expectations, reporting a $0.14 per-share loss and $0.56 million in revenue—down 95.8% year over year—amid sharply negative profitability metrics.

NuScale Power Corporation (NYSE:SMR - Get Free Report) shares dropped 3.9% during trading on Tuesday . The stock traded as low as $7.80 and last traded at $8.21. 26,977,695 shares traded hands during trading, a decline of 11% from the average session volume of 30,397,779 shares. The stock had previously closed at $8.54.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the stock. B. Riley Financial cut their price target on shares of NuScale Power from $24.00 to $19.00 and set a "buy" rating on the stock in a report on Friday, April 24th. Citigroup reiterated a "sell" rating on shares of NuScale Power in a report on Wednesday, July 22nd. Weiss Ratings reissued a "sell (d-)" rating on shares of NuScale Power in a research report on Wednesday, June 24th. Barclays cut their target price on NuScale Power from $15.00 to $11.00 and set an "equal weight" rating on the stock in a report on Wednesday, July 22nd. Finally, HSBC began coverage on NuScale Power in a research report on Thursday, April 23rd. They issued a "hold" rating and a $13.00 price target for the company. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, nine have assigned a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, NuScale Power currently has a consensus rating of "Hold" and an average target price of $15.15.

NuScale Power Price Performance

The company has a market cap of $3.00 billion, a price-to-earnings ratio of -2.81 and a beta of 2.24. The firm has a fifty day simple moving average of $10.17 and a 200 day simple moving average of $12.55.

NuScale Power (NYSE:SMR - Get Free Report) last issued its quarterly earnings data on Thursday, May 7th. The company reported ($0.14) earnings per share for the quarter, missing analysts' consensus estimates of ($0.11) by ($0.03). The firm had revenue of $0.56 million during the quarter, compared to analyst estimates of $7.00 million. NuScale Power had a negative return on equity of 48.88% and a negative net margin of 2,066.55%.The business's revenue for the quarter was down 95.8% compared to the same quarter last year. Analysts expect that NuScale Power Corporation will post -0.46 earnings per share for the current year.

Institutional Investors Weigh In On NuScale Power

A number of hedge funds have recently bought and sold shares of SMR. Heck Capital Advisors LLC grew its position in shares of NuScale Power by 33.5% in the second quarter. Heck Capital Advisors LLC now owns 16,382 shares of the company's stock valued at $164,000 after purchasing an additional 4,115 shares during the last quarter. Handelsbanken Fonder AB lifted its position in shares of NuScale Power by 209.5% during the 2nd quarter. Handelsbanken Fonder AB now owns 108,000 shares of the company's stock worth $1,083,000 after purchasing an additional 73,100 shares during the last quarter. Adamsbrown Wealth Consultants LLC acquired a new position in shares of NuScale Power during the 2nd quarter worth about $100,000. Hennion & Walsh Asset Management Inc. boosted its stake in NuScale Power by 30.5% during the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 84,199 shares of the company's stock valued at $845,000 after purchasing an additional 19,679 shares during the period. Finally, Evanson Financial LLC bought a new stake in NuScale Power during the 2nd quarter valued at approximately $512,000. 78.37% of the stock is currently owned by 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.

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.