NuScale Power (NYSE:SMR) Trading Down 7.7% - Here's What Happened

Key Points

• Shares fell 7.7% to about $14.85 on Friday with heavy trading — 24.1 million shares changed hands, roughly 58% above the average session volume.
• NuScale missed Q3 estimates badly, reporting EPS of ($1.85) vs. an expected ($0.11) and revenue of $8.24M vs. $11.29M, producing deeply negative margins despite revenue rising 1,635% year-over-year.
• Analysts hold a consensus of “Reduce” with an average price target of $35.18 (4 Buy / 8 Hold / 5 Sell), and insiders sold roughly 5.6 million shares last quarter, indicating mixed sentiment despite a $4.43 billion market cap.

NuScale Power Corporation (NYSE:SMR - Get Free Report)'s share price fell 7.7% during trading on Friday . The stock traded as low as $14.76 and last traded at $14.8450. 24,118,772 shares were traded during trading, an increase of 58% from the average session volume of 15,306,603 shares. The stock had previously closed at $16.08.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on SMR. Weiss Ratings reiterated a "sell (d-)" rating on shares of NuScale Power in a research note on Monday. BNP Paribas Exane downgraded shares of NuScale Power from a "neutral" rating to an "underperform" rating in a research note on Tuesday, October 21st. Barclays assumed coverage on shares of NuScale Power in a research report on Monday, September 29th. They issued an "equal weight" rating and a $45.00 price objective for the company. Royal Bank Of Canada cut their price target on NuScale Power from $35.00 to $32.00 and set a "sector perform" rating on the stock in a research note on Monday, November 10th. Finally, Cantor Fitzgerald began coverage on NuScale Power in a research note on Tuesday, October 21st. They set an "overweight" rating and a $55.00 price objective for the company. Four equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and five have issued a Sell rating to the company. According to MarketBeat, NuScale Power presently has a consensus rating of "Reduce" and an average target price of $35.18.

NuScale Power Trading Down 7.7%

The company has a market cap of $4.43 billion, a price-to-earnings ratio of -5.19 and a beta of 2.09. The firm has a 50-day moving average price of $25.99 and a 200 day moving average price of $35.07.

NuScale Power (NYSE:SMR - Get Free Report) last announced 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). The firm had revenue of $8.24 million for the quarter, compared to the consensus estimate of $11.29 million. NuScale Power had a negative return on equity of 51.27% and a negative net margin of 594.63%.The business's revenue for the quarter was up 1635.2% compared to the same quarter last year. During the same quarter last year, the business earned ($0.18) earnings per share. Research analysts anticipate that NuScale Power Corporation will post -0.73 earnings per share for the current fiscal year.

Insider Activity

In other NuScale Power news, Director Corp Fluor sold 87,900 shares of the stock in a transaction on Wednesday, October 8th. The stock was sold at an average price of $39.58, for a total value of $3,479,082.00. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Robert Ramsey Hamady sold 40,000 shares of the business's stock in a transaction on Monday, December 8th. The shares were sold at an average price of $22.17, for a total transaction of $886,800.00. Following the transaction, the chief financial officer directly owned 46,283 shares of the company's stock, valued at approximately $1,026,094.11. This trade represents a 46.36% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 5,602,897 shares of company stock worth $219,026,896. 1.20% of the stock is owned by company insiders.

Institutional Investors Weigh In On NuScale Power

Institutional investors have recently bought and sold shares of the stock. Triumph Capital Management acquired a new stake in shares of NuScale Power in the 3rd quarter worth approximately $37,000. Allworth Financial LP raised its holdings in NuScale Power by 7.8% during the 3rd quarter. Allworth Financial LP now owns 10,492 shares of the company's stock worth $378,000 after buying an additional 758 shares during the period. IFP Advisors Inc increased its position in shares of NuScale Power by 128.3% in the third quarter. IFP Advisors Inc now owns 3,984 shares of the company's stock worth $143,000 after acquiring an additional 2,239 shares in the last quarter. Cantor Fitzgerald L. P. lifted its position in shares of NuScale Power by 78.3% in the 3rd quarter. Cantor Fitzgerald L. P. now owns 13,284 shares of the company's stock valued at $478,000 after acquiring an additional 5,834 shares in the last quarter. Finally, Strategic Advocates LLC acquired a new position in NuScale Power in the 3rd quarter worth approximately $25,000. Institutional investors and hedge funds 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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