NuScale Power (NYSE:SMR) Trading Down 4.5%

Shares of NuScale Power Co. (NYSE:SMR - Get Free Report) dropped 4.5% on Tuesday . The stock traded as low as $5.63 and last traded at $5.67. Approximately 825,038 shares changed hands during trading, a decline of 82% from the average daily volume of 4,475,394 shares. The stock had previously closed at $5.94.

Analysts Set New Price Targets

SMR has been the subject of several analyst reports. Wells Fargo & Company restated an "underweight" rating and set a $4.50 target price (down from $7.50) on shares of NuScale Power in a report on Tuesday, March 19th. UBS Group increased their target price on NuScale Power from $2.00 to $10.00 and gave the company a "neutral" rating in a report on Tuesday, March 19th. Canaccord Genuity Group assumed coverage on NuScale Power in a report on Monday, January 29th. They set a "buy" rating and a $4.25 target price for the company. Finally, Canaccord Genuity Group lifted their price objective on NuScale Power from $4.25 to $8.00 and gave the stock a "buy" rating in a research report on Monday, March 18th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $7.75.

NuScale Power Price Performance

The stock has a 50 day simple moving average of $4.36 and a 200-day simple moving average of $3.72. The firm has a market cap of $1.31 billion, a PE ratio of -7.01 and a beta of 1.06.

NuScale Power (NYSE:SMR - Get Free Report) last announced its quarterly earnings data on Thursday, March 14th. The company reported ($0.25) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.22) by ($0.03). The company had revenue of $4.56 million for the quarter, compared to analysts' expectations of $1.75 million. NuScale Power had a negative net margin of 255.86% and a negative return on equity of 29.93%. As a group, equities analysts predict that NuScale Power Co. will post -0.41 EPS for the current fiscal year.

Insider Transactions at NuScale Power

In other news, CEO John Lawrence Hopkins sold 59,768 shares of the business's stock in a transaction on Friday, March 22nd. The stock was sold at an average price of $4.20, for a total value of $251,025.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 3.06% of the company's stock.

Institutional Trading of NuScale Power

Several large investors have recently modified their holdings of the company. FMR LLC grew its holdings in NuScale Power by 11.2% during the third quarter. FMR LLC now owns 2,983,460 shares of the company's stock valued at $14,619,000 after purchasing an additional 301,548 shares during the period. Raymond James & Associates bought a new stake in NuScale Power during the third quarter valued at about $439,000. Mirae Asset Global Investments Co. Ltd. grew its holdings in NuScale Power by 54.2% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,219,262 shares of the company's stock valued at $15,774,000 after purchasing an additional 1,132,131 shares during the period. Swiss National Bank grew its holdings in NuScale Power by 17.2% during the third quarter. Swiss National Bank now owns 62,600 shares of the company's stock valued at $307,000 after purchasing an additional 9,200 shares during the period. Finally, Van ECK Associates Corp grew its holdings in NuScale Power by 66.9% during the third quarter. Van ECK Associates Corp now owns 158,470 shares of the company's stock valued at $777,000 after purchasing an additional 63,519 shares during the period. Institutional investors own 15.28% of the company's stock.

NuScale Power Company Profile

NuScale Power Corporation engages in the development and sale of modular light water reactor nuclear power plants to supply energy for electrical generation, district heating, desalination, hydrogen production, and other process heat applications. It offers NuScale Power Module (NPM), a water reactor that can generate 77 megawatts of electricity (MWe); and VOYGR power plant designs for three facility sizes that are capable of housing from one to four and six or twelve NPMs.