NuScale Power (NYSE:SMR) Stock Price Up 6.7% - Here's What Happened

Key Points

• Shares jumped 6.7% Wednesday to $20.49 (intraday high $20.93) on ~29.1M shares traded, about 12% below the stock's average daily volume.
• NuScale posted a heavy quarterly miss — ($1.85) EPS vs. ($0.11) expected — with a negative net margin (594.63%) and ROE (-51.27%) despite revenue rising sharply year‑over‑year.
• Analysts are mixed with a consensus "Hold" and $33.42 price target (4 Buy / 7 Hold / 4 Sell), and the CFO sold 40,000 shares in December while insiders now own about 1.20% of the stock.

NuScale Power Corporation (NYSE:SMR - Get Free Report) shares rose 6.7% during trading on Wednesday . The stock traded as high as $20.93 and last traded at $20.4940. Approximately 29,133,997 shares traded hands during mid-day trading, a decline of 12% from the average daily volume of 33,037,680 shares. The stock had previously closed at $19.20.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on SMR shares. Citigroup reiterated a "sell" rating and issued a $37.50 target price (down previously from $46.00) on shares of NuScale Power in a report on Tuesday, October 21st. BNP Paribas Exane lowered shares of NuScale Power from a "hold" rating to a "strong sell" rating in a research note on Tuesday, October 21st. Weiss Ratings restated a "sell (d-)" rating on shares of NuScale Power in a report on Monday, December 29th. Cantor Fitzgerald started coverage on NuScale Power in a research report on Tuesday, October 21st. They set an "overweight" rating and a $55.00 target price for the company. Finally, B. Riley reduced their price target on NuScale Power from $38.00 to $24.00 and set a "buy" rating on the stock in a report on Monday, December 22nd. Four analysts have rated the stock with a Buy rating, seven have issued a Hold rating and four have given a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $33.42.

NuScale Power Stock Performance

The firm has a market capitalization of $6.12 billion, a P/E ratio of -7.17 and a beta of 2.12. The stock's 50 day simple moving average is $18.52 and its 200 day simple moving average is $31.85.

NuScale Power (NYSE:SMR - Get Free Report) last announced its quarterly earnings results on Thursday, November 6th. The company reported ($1.85) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.11) by ($1.74). The firm had revenue of $8.24 million during the quarter, compared to analysts' expectations of $11.29 million. NuScale Power had a negative net margin of 594.63% and a negative return on equity of 51.27%. The firm's revenue for the quarter was up 1635.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.18) EPS. On average, analysts anticipate that NuScale Power Corporation will post -0.73 earnings per share for the current year.

Insider Buying and Selling at NuScale Power

In related news, CFO Robert Ramsey Hamady sold 40,000 shares of the company's stock in a transaction dated Monday, December 8th. The shares were sold at an average price of $22.17, for a total value of $886,800.00. Following the completion of the sale, the chief financial officer directly owned 46,283 shares of the company's stock, valued at $1,026,094.11. This represents a 46.36% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.20% of the stock is owned by insiders.

Hedge Funds Weigh In On NuScale Power

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

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.