NuScale Power (NYSE:SMR) Stock Price Down 6.7% - Here's Why

Key Points

• NuScale Power shares fell 6.7% to about $7.49, with trading volume significantly below the stock’s average. The decline came despite renewed investor interest in nuclear stocks following Google’s long-term nuclear power deal.
• Analyst sentiment remains mixed but leans cautious: NuScale has an average rating of “Hold” and a consensus price target of $12.96, while several firms recently lowered their targets and maintained neutral or sell ratings.
• The company’s latest results highlighted ongoing financial weakness, including revenue of just $0.07 million—down 99.1% year over year—and a net loss of $0.13 per share. Insiders have also sold 88,651 shares worth approximately $791,270 over the past three months.

NuScale Power Corporation (NYSE:SMR - Get Free Report)'s share price was down 6.7% during trading on Wednesday. The stock traded as low as $7.49 and last traded at $7.4850. Approximately 7,739,631 shares traded hands during mid-day trading, a decline of 75% from the average daily volume of 31,422,117 shares. The stock had previously closed at $8.02.

Key NuScale Power News

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

• Positive Sentiment: Google’s 20-year nuclear power deal renewed investor interest in nuclear stocks tied to surging data-center electricity demand. NuScale benefited from the sector-wide enthusiasm, alongside Oklo and other advanced-nuclear companies. Google's Power Deal Fuels Fresh Interest in Nuclear Stocks
• Positive Sentiment: NuScale’s partnership with ENTRA1 could support potential deployments involving the Tennessee Valley Authority, data centers and industrial customers. Progress on commercial discussions could strengthen the company’s long-term growth case. How ENTRA1 Is Supporting NuScale's Commercial Nuclear Push

Analyst Upgrades and Downgrades

Several research analysts recently commented on SMR shares. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of NuScale Power in a research report on Monday, September 21st. Citigroup reduced their price objective on shares of NuScale Power from $7.50 to $6.50 and set a "sell" rating for the company in a report on Thursday, August 6th. Northland Securities set a $16.00 target price on shares of NuScale Power in a research note on Thursday, August 6th. Canaccord Genuity Group cut their price target on shares of NuScale Power from $25.00 to $15.00 and set a "buy" rating for the company in a research note on Thursday, August 6th. Finally, Barclays decreased their price objective on NuScale Power from $15.00 to $11.00 and set an "equal weight" rating on the stock in a report on Wednesday, July 22nd. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, eight have issued a Hold rating and four have issued a Sell rating to the company. Based on data from MarketBeat.com, NuScale Power presently has an average rating of "Hold" and a consensus target price of $12.96.

NuScale Power Price Performance

The stock has a 50 day moving average price of $9.02 and a two-hundred day moving average price of $10.11. The company has a market capitalization of $3.21 billion, a price-to-earnings ratio of -2.56 and a beta of 2.36.

NuScale Power (NYSE:SMR - Get Free Report) last issued its quarterly earnings results on Wednesday, August 5th. The company reported ($0.13) earnings per share (EPS) for the quarter, hitting the consensus estimate 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 firm's quarterly revenue was down 99.1% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.11) EPS. Sell-side analysts forecast that NuScale Power Corporation will post -0.64 EPS for the current fiscal year.

Insider Activity

In related news, CFO Robert Hamady sold 20,000 shares of the firm's stock in a transaction that occurred on Thursday, October 1st. The shares were sold at an average price of $7.89, for a total value of $157,800.00. Following the completion of the sale, the chief financial officer owned 144,235 shares of the company's stock, valued at $1,138,014.15. This trade represents a 12.18% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Shinji Fujino sold 20,000 shares of the business's stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $8.86, for a total transaction of $177,200.00. Following the completion of the transaction, the director owned 17,242 shares of the company's stock, valued at $152,764.12. This trade represents a 53.70% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 88,651 shares of company stock valued at $791,270 over the last three months. 1.28% of the stock is owned by insiders.

Hedge Funds Weigh In On NuScale Power

Several hedge funds have recently added to or reduced their stakes in SMR. Sequoia Financial Advisors LLC bought a new stake in NuScale Power during the 2nd quarter worth about $126,000. WINTON GROUP Ltd bought a new position in shares of NuScale Power in the 2nd quarter valued at about $392,000. Integrated Wealth Concepts LLC boosted its stake in shares of NuScale Power by 153.6% in the 2nd quarter. Integrated Wealth Concepts LLC now owns 65,623 shares of the company's stock valued at $658,000 after purchasing an additional 39,751 shares during the last quarter. RFG Advisory LLC grew its position in shares of NuScale Power by 33.1% during the 2nd quarter. RFG Advisory LLC now owns 60,622 shares of the company's stock worth $608,000 after buying an additional 15,092 shares during the period. Finally, NewEdge Advisors LLC raised its stake in shares of NuScale Power by 203.3% during the second quarter. NewEdge Advisors LLC now owns 146,870 shares of the company's stock worth $1,473,000 after buying an additional 98,440 shares during the last quarter. Institutional investors own 78.37% of the company's stock.

NuScale Power Company Profile

NuScale Power Corporation develops small modular reactor (SMR) technology for the generation of carbon-free electricity and process heat. Its primary product is the VOYGR SMR power plant, which is based on the company's proprietary pressurized light-water reactor design. The plants are intended to be built from factory-produced modules and can be configured for applications including utility-scale power generation, industrial heat, hydrogen production, and water desalination.

NuScale provides reactor technology, engineering and design support, licensing assistance, and services intended to help customers develop and deploy SMR facilities.

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