NuScale Power (NYSE:SMR) Stock Price Up 10.1% - What's Next?

Key Points

• NuScale Power shares rose 10.1% to about $9.14 in mid-day trading, although trading volume remained below the average daily level.
• Analyst sentiment remains cautious: the stock has an average “Hold” rating and a consensus price target of $12.96, while several firms recently lowered their targets.
• The company’s latest quarter showed significant operational weakness, including just $0.07 million in revenue—down 99.1% year over year—while insiders sold 68,651 shares over the past 90 days.

Shares of NuScale Power Corporation (NYSE:SMR - Get Free Report) were up 10.1% during mid-day trading on Thursday . The company traded as high as $9.18 and last traded at $9.1350. Approximately 20,390,593 shares were traded during trading, a decline of 35% from the average session volume of 31,184,561 shares. The stock had previously closed at $8.30.

Analyst Ratings Changes

SMR has been the topic of several research analyst reports. Royal Bank Of Canada dropped their price objective on NuScale Power from $14.00 to $10.00 and set a "sector perform" rating on the stock in a research note on Tuesday, August 11th. Truist Financial began coverage on NuScale Power in a report on Monday, July 13th. They issued a "hold" rating and a $10.00 target price on the stock. B. Riley Financial cut their price target on NuScale Power from $19.00 to $15.00 and set a "buy" rating for the company in a report on Friday, August 14th. Bank of America assumed coverage on NuScale Power in a research report on Friday, May 22nd. They issued a "neutral" rating and a $12.00 price objective for the company. Finally, Barclays dropped their target price on shares of NuScale Power from $15.00 to $11.00 and set an "equal weight" rating on the stock in a research report on Wednesday, July 22nd. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, eight have given a Hold rating and four have assigned a Sell rating to the company's stock. According to data from MarketBeat, NuScale Power presently has an average rating of "Hold" and a consensus price target of $12.96.

NuScale Power Stock Performance

The company has a market cap of $3.85 billion, a P/E ratio of -3.08 and a beta of 2.30. The stock has a 50-day simple moving average of $9.07 and a 200 day simple moving average of $10.50.

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

Insider Activity

In other news, CFO Robert Hamady sold 29,880 shares of the stock in a transaction on 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 owned 124,235 shares in the company, valued at approximately $1,166,566.65. This represents a 19.39% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Shinji Fujino sold 20,000 shares of the firm's stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $8.86, for a total transaction of $177,200.00. Following the transaction, the director directly owned 17,242 shares of the company's stock, valued at $152,764.12. The trade was a 53.70% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 68,651 shares of company stock worth $633,470. 1.28% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Assetmark Inc. grew its holdings in shares of NuScale Power by 1,940.3% during the first quarter. Assetmark Inc. now owns 2,428 shares of the company's stock worth $26,000 after purchasing an additional 2,309 shares during the last quarter. Ameritas Advisory Services LLC bought a new position in shares of NuScale Power during the second quarter worth about $27,000. Strategic Advocates LLC lifted 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 buying an additional 1,624 shares in the last quarter. Harbour Investments Inc. boosted its holdings in shares of NuScale Power by 32.4% in the 4th quarter. Harbour Investments Inc. now owns 2,419 shares of the company's stock valued at $34,000 after buying an additional 592 shares during the last quarter. Finally, Ancora Advisors LLC bought a new position in NuScale Power during the second quarter worth about $92,000. 78.37% of the stock is owned by institutional investors.

About NuScale Power

NuScale Power Corporation develops small modular reactor (SMR) technology for the generation of carbon-free electricity and other energy applications. Its proprietary NuScale Power Module is a compact, factory-fabricated pressurized water reactor designed to be deployed individually or in multi-module configurations. The company's technology is intended to support electric utilities, industrial users, and other customers seeking scalable alternatives for reliable power generation.

NuScale offers its reactor technology through the VOYGR power plant platform, along with engineering, licensing, project development, and deployment support.

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