NuScale Power (NYSE:SMR) Shares Down 3.5% - Here's What Happened

Key Points

• NuScale Power shares fell 3.5% to approximately $10.79 in heavy mid-day trading, with about 22.6 million shares changing hands.
• Fundamentals remain weak: quarterly revenue plunged 99.1% year over year to roughly $0.07 million, while the company posted a $0.13-per-share loss and remains unprofitable.
• The company’s upside depends on commercializing its small modular reactors, with potential growth opportunities in hydrogen and broader power demand. Analysts maintain an overall “Hold” rating, with an average price target of $13.50.

NuScale Power Corporation (NYSE:SMR - Get Free Report)'s stock price fell 3.5% during trading on Wednesday . The stock traded as low as $10.75 and last traded at $10.7920. Approximately 22,603,097 shares changed hands during mid-day trading, a decline of 27% from the average session volume of 30,829,141 shares. The stock had previously closed at $11.18.

More NuScale Power News

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

• Positive Sentiment: Commercialization is the key upside catalyst. NuScale’s outlook largely depends on turning its reactor technology and prospective projects into firm, financed customer orders and actual deployments. Successful execution could materially improve the company’s growth prospects. NuScale Power: 1 Catalyst That Will Make or Break This Nuclear Stock
• Positive Sentiment: NuScale’s cash position provides financial flexibility. Following a roughly 70% decline from prior highs, one analysis argues the stock is becoming more attractive, particularly because the company reportedly holds approximately $1.9 billion in cash to fund operations and development. NuScale Is Already Down 70%. Here's the Price I'd Actually Start Buying
• Positive Sentiment: Hydrogen could expand NuScale’s addressable market. Its modular reactors could provide carbon-free electricity and heat for hydrogen production near industrial customers, offering a potential growth avenue beyond electricity generation. Can Hydrogen Become a Key Growth Driver for NuScale Power?
• Positive Sentiment: Sector momentum has supported SMR. Nuclear and uranium shares recently attracted buying interest as investors considered rising power demand from hyperscalers and the need for reliable, low-carbon electricity. NuScale Power Spikes 13%, Oklo Climbs 7%
• Neutral Sentiment: Unusually high call-option activity signals speculative interest. Investors purchased 137,306 call options, about 138% above typical daily volume. This may reflect bullish positioning, but options activity does not guarantee sustained buying in the shares. NuScale Power Sees Unusually High Options Volume
• Negative Sentiment: Fundamentals remain weak. NuScale’s latest quarter included a 99.1% year-over-year revenue decline to approximately $0.08 million, while the company remains loss-making. The sharp gap between current revenue and its long-term ambitions increases execution risk. NuScale Power Stock Broke Out in August. Is It a Buy?
• Negative Sentiment: Relative analyst sentiment is unfavorable. In a comparison with Oklo, analysts reportedly see stronger prospects in Oklo and favor buying it over NuScale, potentially limiting institutional support for SMR. NuScale Stock vs. Oklo Stock

Wall Street Analyst Weigh In

SMR has been the subject of a number of analyst reports. Bank of America assumed coverage on NuScale Power in a research report on Friday, May 22nd. They set a "neutral" rating and a $12.00 price target for the company. Truist Financial started coverage on shares of NuScale Power in a research note on Monday, July 13th. They set a "hold" rating and a $10.00 price objective on the stock. B. Riley Financial dropped their price target on shares of NuScale Power from $19.00 to $15.00 and set a "buy" rating on the stock in a research report on Friday, August 14th. Citigroup reduced their price target on shares of NuScale Power from $7.50 to $6.50 and set a "sell" rating for the company in a research note on Thursday, August 6th. Finally, Canaccord Genuity Group decreased their price objective on shares of NuScale Power from $25.00 to $15.00 and set a "buy" rating for the company in a report on Thursday, August 6th. One research analyst has rated the stock with a Strong Buy rating, four have assigned 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, the company presently has an average rating of "Hold" and an average price target of $13.50.

NuScale Power Trading Down 3.5%

The company's 50-day moving average price is $9.12 and its two-hundred day moving average price is $10.68. The company has a market cap of $4.64 billion, a P/E ratio of -3.70 and a beta of 2.30.

NuScale Power (NYSE:SMR - Get Free Report) last released its earnings results on Wednesday, August 5th. The company reported ($0.13) EPS for the quarter, hitting analysts' consensus estimates of ($0.13). The business had revenue of $0.07 million for the quarter, compared to the consensus estimate of $8.80 million. NuScale Power had a negative net margin of 3,888.70% and a negative return on equity of 35.59%. The business's revenue for the quarter was down 99.1% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.11) EPS. Equities analysts forecast that NuScale Power Corporation will post -0.64 earnings per share for the current year.

Insider Buying and Selling

In other NuScale Power news, CFO Robert Hamady sold 29,880 shares of the firm's stock in a transaction dated Thursday, August 27th. The shares were sold at an average price of $9.39, for a total value of $280,573.20. Following the completion of the transaction, the chief financial officer directly owned 124,235 shares in the company, valued at $1,166,566.65. This trade represents a 19.39% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, COO Carl M. Fisher sold 18,771 shares of NuScale Power stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $9.36, for a total transaction of $175,696.56. Following the completion of the transaction, the chief operating officer directly owned 114,718 shares in the company, valued at approximately $1,073,760.48. This trade represents a 14.06% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last quarter, insiders have sold 68,651 shares of company stock valued at $633,470. 1.28% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On NuScale Power

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vermillion & White Wealth Management Group LLC lifted its holdings 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 valued at $25,000 after purchasing an additional 1,675 shares in the last quarter. Assetmark Inc. raised its position in NuScale Power by 1,940.3% during the first quarter. Assetmark Inc. now owns 2,428 shares of the company's stock valued at $26,000 after buying an additional 2,309 shares during the period. Ameritas Advisory Services LLC purchased a new stake in NuScale Power in the 2nd quarter worth about $27,000. Ameriflex Group Inc. acquired a new stake in NuScale Power during the 4th quarter worth about $30,000. Finally, Strategic Advocates LLC boosted its position in NuScale Power by 233.0% during the 4th quarter. Strategic Advocates LLC now owns 2,321 shares of the company's stock worth $33,000 after acquiring an additional 1,624 shares during the period. 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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