NuScale Power Co. (NYSE:SMR) CTO Sells $95,287.04 in Stock

NuScale Power Co. (NYSE:SMR) CTO Jose N. Reyes, Jr. sold 15,776 shares of the business’s stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $6.04, for a total value of $95,287.04. Following the transaction, the chief technology officer now owns 478,306 shares of the company’s stock, valued at approximately $2,888,968.24. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

NuScale Power Stock Down 5.4 %

SMR stock traded down $0.33 during trading on Monday, reaching $5.83. 2,159,623 shares of the company’s stock were exchanged, compared to its average volume of 4,122,247. NuScale Power Co. has a 1-year low of $1.81 and a 1-year high of $11.21. The company’s fifty day moving average price is $5.33 and its 200-day moving average price is $3.75. The firm has a market cap of $1.37 billion, a PE ratio of -7.29 and a beta of 0.98.

NuScale Power (NYSE:SMR) last announced its quarterly earnings results on Thursday, March 14th. The company reported ($0.25) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.22) by ($0.03). NuScale Power had a negative return on equity of 29.93% and a negative net margin of 255.86%. The business had revenue of $4.56 million for the quarter, compared to analyst estimates of $1.75 million. As a group, sell-side analysts expect that NuScale Power Co. will post -0.64 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on SMR. Canaccord Genuity Group boosted their price objective on NuScale Power from $4.25 to $8.00 and gave the company a “buy” rating in a research report on Monday, March 18th. Canaccord Genuity Group began coverage on NuScale Power in a research report on Monday, January 29th. They set a “buy” rating and a $4.25 price objective for the company. Wells Fargo & Company restated an “underweight” rating and set a $4.50 price objective (down previously from $7.50) on shares of NuScale Power in a research report on Tuesday, March 19th. Finally, UBS Group boosted their price target on NuScale Power from $2.00 to $10.00 and gave the stock a “neutral” rating in a research report on Tuesday, March 19th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $7.75.

Institutional Trading of NuScale Power

A number of hedge funds and other institutional investors have recently modified their holdings of SMR. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of NuScale Power by 54.2% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,219,262 shares of the company’s stock worth $15,774,000 after buying an additional 1,132,131 shares in the last quarter. FMR LLC raised its stake in shares of NuScale Power by 11.2% in the 3rd quarter. FMR LLC now owns 2,983,460 shares of the company’s stock worth $14,619,000 after buying an additional 301,548 shares in the last quarter. Rheos Capital Works Inc. bought a new stake in shares of NuScale Power in the 1st quarter worth $1,328,000. Vanguard Group Inc. raised its position in shares of NuScale Power by 3.8% during the third quarter. Vanguard Group Inc. now owns 5,536,389 shares of the company’s stock worth $27,128,000 after purchasing an additional 204,505 shares during the period. Finally, Quadrature Capital Ltd acquired a new stake in shares of NuScale Power during the fourth quarter worth $417,000. Institutional investors own 15.28% of the company’s stock.

About NuScale Power

NuScale Power Corporation engages in the development and sale of 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 (NPM), a water reactor that can generate 77 megawatts of electricity (MWe); and VOYGR power plant designs for three facility sizes that are capable of housing from one to four and six or twelve NPMs.