NuScale Power (NYSE:SMR) Stock Price Down 8.3% - Here's What Happened

Key Points

• Down 8.3%: NuScale Power shares fell 8.3% to about $14.86 on Thursday (intraday low $14.68) with roughly 24.1 million shares traded, about 23% below average volume.
• Big quarterly miss: The company reported ($1.85) EPS versus ($0.11) expected and $8.24M in revenue versus $11.29M estimates, leaving sharply negative margins and a negative P/E.
• Mixed analyst view: Analysts’ consensus is a "Hold" with an average price target of $33.19, though notes range from upgrades (Bank of America to neutral, $28 PT) to sells; additionally the CFO sold 40,000 shares, cutting their stake.

NuScale Power Corporation (NYSE:SMR - Get Free Report)'s stock price was down 8.3% on Thursday . The company traded as low as $14.68 and last traded at $14.8550. Approximately 24,102,505 shares traded hands during mid-day trading, a decline of 23% from the average daily volume of 31,318,832 shares. The stock had previously closed at $16.20.

Analyst Ratings Changes

Several research analysts recently weighed in on SMR shares. Bank of America upgraded NuScale Power from an "underperform" rating to a "neutral" rating and set a $28.00 price target for the company in a research report on Friday, January 9th. Royal Bank Of Canada set a $21.00 target price on shares of NuScale Power in a research note on Tuesday, January 20th. Wall Street Zen lowered NuScale Power from a "hold" rating to a "sell" rating in a research note on Saturday, November 8th. Weiss Ratings restated a "sell (d-)" rating on shares of NuScale Power in a research report on Monday, December 29th. Finally, UBS Group set a $20.00 price target on NuScale Power in a research report on Tuesday, November 25th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, seven have assigned a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $33.19.

NuScale Power Stock Performance

The firm's 50-day moving average price is $18.35 and its two-hundred day moving average price is $30.78. The stock has a market cap of $4.43 billion, a price-to-earnings ratio of -5.19 and a beta of 2.14.

NuScale Power (NYSE:SMR - Get Free Report) last released its quarterly earnings data on Thursday, November 6th. The company reported ($1.85) earnings per share (EPS) for the quarter, missing the consensus estimate 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 firm had revenue of $8.24 million for the quarter, compared to analyst estimates of $11.29 million. During the same quarter in the previous year, the business posted ($0.18) earnings per share. NuScale Power's revenue for the quarter was up 1635.2% on a year-over-year basis. As a group, sell-side analysts expect that NuScale Power Corporation will post -0.73 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CFO Robert Ramsey Hamady sold 40,000 shares of the company's stock in a transaction on Monday, December 8th. The stock was sold at an average price of $22.17, for a total value of $886,800.00. Following the transaction, the chief financial officer owned 46,283 shares of the company's stock, valued at $1,026,094.11. This represents a 46.36% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.20% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On NuScale Power

Hedge funds and other institutional investors have recently made changes to their positions in the stock. CX Institutional purchased a new stake in shares of NuScale Power during the 3rd quarter worth $25,000. Nemes Rush Group LLC acquired a new position in NuScale Power during the third quarter worth $25,000. Strategic Advocates LLC purchased a new position in NuScale Power in the 3rd quarter valued at approximately $25,000. Indiana Trust & Investment Management Co purchased a new stake in shares of NuScale Power in the third quarter valued at about $34,000. Finally, Accredited Wealth Management LLC acquired a new stake in shares of NuScale Power during the third quarter valued at $35,000. 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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