NuScale Power (NYSE:SMR) Stock Price Down 6.1% - Here's Why

Key Points

• NuScale Power shares fell 6.1% to $9.22, with trading volume below the average session level. The stock is also below its 200-day moving average of $11.87.
• Analyst sentiment remains mixed but leans neutral: NuScale has a consensus “Hold” rating and an average price target of $14.12, with recent targets ranging from $6.50 to $16.00.
• The company’s latest quarter highlighted ongoing financial weakness: revenue fell 99.1% year over year to $0.07 million, far below the $8.80 million estimate, while the company reported a loss of $0.13 per share.

NuScale Power Corporation (NYSE:SMR - Get Free Report)'s stock price traded down 6.1% during trading on Monday . The stock traded as low as $9.18 and last traded at $9.22. 21,551,458 shares changed hands during trading, a decline of 29% from the average session volume of 30,437,109 shares. The stock had previously closed at $9.82.

Analyst Upgrades and Downgrades

SMR has been the subject of a number of research reports. The Goldman Sachs Group set a $9.00 price target on NuScale Power in a research note on Friday, May 8th. Citigroup cut their price objective on NuScale Power from $7.50 to $6.50 and set a "sell" rating for the company in a report on Thursday. HSBC assumed coverage on NuScale Power in a research note on Thursday, April 23rd. They set a "hold" rating and a $13.00 target price for the company. Truist Financial assumed coverage on NuScale Power in a report on Monday, July 13th. They set a "hold" rating and a $10.00 target price on the stock. Finally, Northland Securities set a $16.00 price target on shares of NuScale Power in a research report on Thursday. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, nine have issued a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, NuScale Power has a consensus rating of "Hold" and an average price target of $14.12.

NuScale Power Stock Down 6.1%

The stock has a market cap of $3.37 billion, a price-to-earnings ratio of -3.16 and a beta of 2.26. The company's 50-day simple moving average is $9.70 and its 200-day simple moving average is $11.87.

NuScale Power (NYSE:SMR - Get Free Report) last posted its quarterly earnings results on Wednesday, August 5th. The company reported ($0.13) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.13). NuScale Power had a negative return on equity of 35.59% and a negative net margin of 3,888.70%.The company had revenue of $0.07 million for the quarter, compared to analysts' expectations of $8.80 million. During the same quarter in the prior year, the company earned ($0.11) earnings per share. The firm's revenue was down 99.1% on a year-over-year basis. As a group, analysts expect that NuScale Power Corporation will post -0.45 EPS for the current fiscal year.

Insider Activity

In other news, COO Carl M. Fisher sold 18,771 shares of the business's stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $9.36, for a total transaction of $175,696.56. Following the sale, the chief operating officer directly owned 114,718 shares of the company's stock, valued at $1,073,760.48. The trade was a 14.06% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 1.28% of the stock is owned by company insiders.

Hedge Funds Weigh In On NuScale Power

A number of institutional investors have recently bought and sold shares of SMR. Triumph Capital Management acquired a new position in shares of NuScale Power in the third quarter worth about $37,000. EverSource Wealth Advisors LLC raised its holdings in shares of 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 acquiring an additional 1,105 shares during the period. Ancora Advisors LLC lifted its position in shares of NuScale Power by 177,500.0% in the 3rd quarter. Ancora Advisors LLC now owns 1,776 shares of the company's stock valued at $64,000 after acquiring an additional 1,775 shares in the last quarter. Vermillion & White Wealth Management Group LLC lifted its position in shares of NuScale Power by 1,550.9% in the 4th quarter. Vermillion & White Wealth Management Group LLC now owns 1,783 shares of the company's stock valued at $25,000 after acquiring an additional 1,675 shares in the last quarter. Finally, Monimus Capital Management LP acquired a new position in NuScale Power in the 2nd quarter worth approximately $72,000. Hedge funds and other institutional investors own 78.37% of the company's stock.

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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