NuScale Power (NYSE:SMR) Trading Up 15.4% - Still a Buy?

Key Points

• NuScale Power shares rose 15.4% to about $11.19 in heavy trading, with volume 74% above the average session level.
• Analyst sentiment remains mixed but leans cautious: the stock has a consensus “Hold” rating and an average price target of $13.50, despite several Buy ratings.
• Fundamentals remain weak, with quarterly revenue of just $0.07 million—down 99.1% year over year—alongside a $0.13 per-share loss and sharply negative margins.

NuScale Power Corporation (NYSE:SMR - Get Free Report)'s share price traded up 15.4% during mid-day trading on Tuesday . The stock traded as high as $11.37 and last traded at $11.1930. Approximately 53,635,028 shares traded hands during mid-day trading, an increase of 74% from the average session volume of 30,830,277 shares. The stock had previously closed at $9.70.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on SMR shares. Barclays lowered their target price on NuScale Power from $15.00 to $11.00 and set an "equal weight" rating on the stock in a research note on Wednesday, July 22nd. B. Riley Financial reduced their price target on shares of NuScale Power from $19.00 to $15.00 and set a "buy" rating for the company in a research report on Friday, August 14th. Bank of America assumed coverage on shares of NuScale Power in a report on Friday, May 22nd. They set a "neutral" rating and a $12.00 price target for the company. Canaccord Genuity Group lowered their price objective on shares of NuScale Power from $25.00 to $15.00 and set a "buy" rating on the stock in a research report on Thursday, August 6th. Finally, Royal Bank Of Canada cut their target price on shares of NuScale Power from $14.00 to $10.00 and set a "sector perform" rating for the company in a research report on Tuesday, August 11th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, nine have issued a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, NuScale Power currently has a consensus rating of "Hold" and an average price target of $13.50.

NuScale Power Trading Up 15.4%

The business's fifty day moving average price is $9.09 and its two-hundred day moving average price is $10.70. The firm has a market cap of $4.81 billion, a P/E ratio of -3.83 and a beta of 2.30.

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

Insider Transactions at NuScale Power

In related news, CFO Robert Hamady sold 29,880 shares of the business's stock in a transaction that occurred on Thursday, August 27th. The stock was sold at an average price of $9.39, for a total value of $280,573.20. Following the completion of the sale, the chief financial officer directly owned 124,235 shares in the company, valued at approximately $1,166,566.65. The trade was a 19.39% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, 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 the business's stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $9.36, for a total value of $175,696.56. Following the completion of the sale, the chief operating officer owned 114,718 shares of the company's stock, valued at approximately $1,073,760.48. This trade represents a 14.06% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last quarter, insiders sold 68,651 shares of company stock worth $633,470. 1.28% of the stock is owned by corporate insiders.

Institutional Trading of NuScale Power

Institutional investors and hedge funds have recently modified their holdings of the company. Vermillion & White Wealth Management Group LLC grew its stake in NuScale Power by 1,550.9% in the 4th quarter. Vermillion & White Wealth Management Group LLC now owns 1,783 shares of the company's stock valued at $25,000 after buying an additional 1,675 shares during the last quarter. Assetmark Inc. boosted its holdings 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 acquiring an additional 2,309 shares during the period. Ameritas Advisory Services LLC acquired a new stake in shares of NuScale Power in the second quarter valued at about $27,000. Ameriflex Group Inc. acquired a new stake in shares of NuScale Power in the fourth quarter valued at about $30,000. Finally, Strategic Advocates LLC increased its stake in shares of NuScale Power by 233.0% in the fourth quarter. Strategic Advocates LLC now owns 2,321 shares of the company's stock worth $33,000 after purchasing an additional 1,624 shares during the period. 78.37% of the stock is currently owned by institutional investors and hedge funds.

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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