Insider Selling: NuScale Power Co. (NYSE:SMR) CEO Sells $40,272.41 in Stock

NuScale Power Co. (NYSE:SMR – Get Rating) CEO John Lawrence Hopkins sold 5,053 shares of the firm’s stock in a transaction that occurred on Monday, May 22nd. The shares were sold at an average price of $7.97, for a total transaction of $40,272.41. Following the transaction, the chief executive officer now owns 33,934 shares in the company, valued at approximately $270,453.98. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

John Lawrence Hopkins also recently made the following trade(s):

• On Tuesday, May 16th, John Lawrence Hopkins sold 5,114 shares of NuScale Power stock. The shares were sold at an average price of $8.05, for a total transaction of $41,167.70.

NuScale Power Stock Performance

Shares of NYSE:SMR opened at $7.91 on Friday. NuScale Power Co. has a 1-year low of $7.60 and a 1-year high of $15.85. The company has a 50 day moving average price of $8.44 and a 200 day moving average price of $9.81.

NuScale Power (NYSE:SMR – Get Rating) last posted its quarterly earnings data on Wednesday, March 15th. The company reported ($0.18) EPS for the quarter. NuScale Power had a negative return on equity of 43.97% and a negative net margin of 868.96%. The firm had revenue of $3.44 million during the quarter. Sell-side analysts predict that NuScale Power Co. will post -0.22 earnings per share for the current year.

Hedge Funds Weigh In On NuScale Power

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SMR. JPMorgan Chase & Co. acquired a new position in NuScale Power in the 2nd quarter worth approximately $92,000. Rhumbline Advisers acquired a new position in NuScale Power in the 2nd quarter worth approximately $236,000. Northern Trust Corp acquired a new position in NuScale Power in the 2nd quarter worth approximately $1,436,000. American International Group Inc. acquired a new position in NuScale Power in the 2nd quarter worth approximately $80,000. Finally, Cubist Systematic Strategies LLC purchased a new stake in NuScale Power in the 2nd quarter worth approximately $165,000.

Analyst Upgrades and Downgrades

Separately, TD Cowen reduced their target price on shares of NuScale Power from $17.00 to $14.50 and set an “outperform” rating for the company in a report on Wednesday, March 22nd.

About NuScale Power

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NuScale Power Corporation develops and sells 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, a water reactor that can generate 77 megawatts of electricity (MWe); The VOYGR-12 power plant that can generate 924 MWe; and four-module VOYGR-4 and six-module VOYGR-6 plants, as well as other configurations based on customer needs.