NuScale Power (NYSE:SMR) Trading Up 5.9% - Should You Buy?

Key Points

• NuScale Power shares rose 5.9% on Monday, with trading volume jumping well above average. The stock reached an intraday high of $13.63 before settling around $13.29.
• Recent earnings were weak: NuScale missed both EPS and revenue estimates in its latest quarter, and revenue plunged 95.8% year over year. Analysts now expect the company to post a full-year loss.
• Wall Street sentiment is mixed but cautious, with several analysts cutting ratings or price targets and Citigroup reiterating a Sell rating with a reduced target of $7. Despite this, the broader nuclear sector remains supportive and institutional ownership is high.

NuScale Power Corporation (NYSE:SMR - Get Free Report)'s stock price was up 5.9% during trading on Monday . The stock traded as high as $13.63 and last traded at $13.2920. Approximately 47,528,265 shares were traded during mid-day trading, an increase of 64% from the average daily volume of 29,001,178 shares. The stock had previously closed at $12.55.

Key Headlines Impacting NuScale Power

Here are the key news stories impacting NuScale Power this week:

• Positive Sentiment: Broader nuclear-sector momentum remains supportive, with reports highlighting new industry partnerships and stronger public sentiment toward nuclear energy, which can lift interest in NuScale Power as a leading SMR name. Partnerships, Positive Sentiment Boost U.S. Nuclear
• Positive Sentiment: NuScale continues to benefit from investor focus on the long-term growth potential of advanced nuclear power, with commentary suggesting the company is entering a critical growth period. Where Will NuScale Power Stock Be in 5 Years?
• Neutral Sentiment: Some recent coverage framed NuScale as a stock with outsized upside potential, but also noted its relatively small market cap, underscoring both the speculative opportunity and the execution risk. How Buying NuScale Power Stock Today Could 10X Your Net Worth
• Neutral Sentiment: Analyst views remain mixed overall, with Guggenheim sticking to a Hold rating after the company’s first-quarter report. Guggenheim Sticks to Its Hold Rating for NuScale Power (SMR)
• Negative Sentiment: Citigroup cut its price target on NuScale Power Corporation NYSE: SMR from $9 to $7 and maintained a Sell rating, signaling Wall Street concern about valuation and near-term downside. Citigroup price target cut
• Negative Sentiment: Latest first-quarter results were disappointing, with the company missing EPS and revenue estimates and posting weak sales, which led analysts to lower expectations after earnings. Analysts Have Lowered Expectations For NuScale Power Corporation NYSE: SMR After Its Latest Results

Analysts Set New Price Targets

Several equities research analysts have recently commented on SMR shares. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of NuScale Power in a research report on Friday, March 27th. Texas Capital raised shares of NuScale Power to a "strong-buy" rating in a research report on Tuesday, January 27th. Canaccord Genuity Group lowered their price target on shares of NuScale Power from $60.00 to $25.00 and set a "buy" rating for the company in a research report on Friday, February 27th. TD Cowen cut shares of NuScale Power from a "buy" rating to a "hold" rating in a research report on Wednesday, February 11th. Finally, Royal Bank Of Canada lowered their price target on shares of NuScale Power from $21.00 to $14.00 and set a "sector perform" rating for the company in a research report on Monday, March 2nd. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, nine have assigned a Hold rating and three have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $19.08.

NuScale Power Trading Up 5.9%

The firm has a market capitalization of $4.49 billion, a P/E ratio of -4.55 and a beta of 2.24. The business's 50 day simple moving average is $11.63 and its two-hundred day simple moving average is $18.11.

NuScale Power (NYSE:SMR - Get Free Report) last released 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 $0.57 million for the quarter, compared to the consensus estimate of $7.00 million. NuScale Power had a negative net margin of 2,066.55% and a negative return on equity of 48.88%. The business's quarterly revenue was down 95.8% on a year-over-year basis. Analysts predict that NuScale Power Corporation will post -0.44 EPS for the current fiscal year.

Insider Buying and Selling at NuScale Power

In other NuScale Power news, COO Carl M. Fisher sold 22,197 shares of the firm's stock in a transaction dated Tuesday, March 3rd. The shares were sold at an average price of $12.22, for a total transaction of $271,247.34. Following the completion of the sale, the chief operating officer directly owned 140,141 shares in the company, valued at approximately $1,712,523.02. This trade represents a 13.67% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Robert Ramsey Hamady sold 18,570 shares of the firm's stock in a transaction dated Tuesday, March 3rd. The shares were sold at an average price of $12.22, for a total transaction of $226,925.40. Following the sale, the chief financial officer owned 97,192 shares of the company's stock, valued at approximately $1,187,686.24. This represents a 16.04% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 40,572,082 shares of company stock worth $481,029,608 in the last 90 days. Insiders own 1.28% of the company's stock.

Institutional Trading of NuScale Power

A number of large investors have recently made changes to their positions in SMR. CX Institutional bought a new stake in shares of NuScale Power in the third quarter worth approximately $25,000. Nemes Rush Group LLC bought a new stake in shares of NuScale Power in the third quarter worth approximately $25,000. Strategic Advocates LLC bought a new stake in shares of NuScale Power in the third quarter worth approximately $25,000. Vermillion & White Wealth Management Group LLC grew its stake in shares of NuScale Power by 1,550.9% in the fourth quarter. Vermillion & White Wealth Management Group LLC now owns 1,783 shares of the company's stock worth $25,000 after acquiring an additional 1,675 shares during the period. Finally, Assetmark Inc. grew its stake in shares of NuScale Power by 1,940.3% in the first quarter. Assetmark Inc. now owns 2,428 shares of the company's stock worth $26,000 after acquiring an additional 2,309 shares during the period. 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.