NuScale Power (NYSE:SMR) Trading Down 3.8% – Here’s Why

NuScale Power Corporation (NYSE:SMR) fell 3.8% during mid-day trading on Monday . The stock traded as low as $19.52 and last traded at $19.7230. 25,612,773 shares traded hands during mid-day trading, a decline of 37% from the average session volume of 40,925,078 shares. The stock had previously closed at $20.51.

Wall Street Analyst Weigh In

SMR has been the topic of a number of analyst reports. UBS Group set a $20.00 price objective on NuScale Power in a research note on Tuesday, November 25th. Royal Bank Of Canada decreased their target price on shares of NuScale Power from $35.00 to $32.00 and set a “sector perform” rating for the company in a research report on Monday, November 10th. Bank of America upgraded shares of NuScale Power from an “underperform” rating to a “neutral” rating and set a $28.00 target price for the company in a report on Friday. BNP Paribas Exane cut NuScale Power from a “neutral” rating to an “underperform” rating in a research report on Tuesday, October 21st. Finally, The Goldman Sachs Group lowered their target price on shares of NuScale Power from $27.00 to $23.00 and set a “neutral” rating on the stock in a research note on Friday, December 12th. Four analysts have rated the stock with a Buy rating, nine have issued a Hold rating and four have issued a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $34.75.

NuScale Power Stock Performance

The stock’s fifty day moving average price is $20.33 and its two-hundred day moving average price is $33.17. The company has a market cap of $5.89 billion, a P/E ratio of -6.90 and a beta of 2.12.

NuScale Power (NYSE:SMR) last released its quarterly earnings data on Thursday, November 6th. The company reported ($1.85) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.11) by ($1.74). NuScale Power had a negative net margin of 594.63% and a negative return on equity of 51.27%. The firm had revenue of $8.24 million during the quarter, compared to analyst estimates of $11.29 million. During the same period in the prior year, the company earned ($0.18) EPS. The business’s quarterly revenue was up 1635.2% compared to the same quarter last year. On average, equities research analysts forecast that NuScale Power Corporation will post -0.73 EPS for the current year.

Insiders Place Their Bets

In related news, CFO Robert Ramsey Hamady sold 40,000 shares of the firm’s stock in a transaction that occurred on Monday, December 8th. The shares were sold at an average price of $22.17, for a total value of $886,800.00. Following the completion of the transaction, the chief financial officer directly owned 46,283 shares of the company’s stock, valued at approximately $1,026,094.11. This trade represents a 46.36% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.20% of the company’s stock.

Hedge Funds Weigh In On NuScale Power

Large investors have recently bought and sold shares of the stock. CX Institutional bought a new position in shares of NuScale Power during the third quarter valued at approximately $25,000. Nemes Rush Group LLC acquired a new position in NuScale Power in the 3rd quarter worth approximately $25,000. Strategic Advocates LLC acquired a new position in shares of NuScale Power in the 3rd quarter valued at about $25,000. Thurston Springer Miller Herd & Titak Inc. grew its position in NuScale Power by 84.5% during the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 784 shares of the company’s stock valued at $31,000 after buying an additional 359 shares during the period. Finally, Indiana Trust & Investment Management Co acquired a new stake in NuScale Power in the third quarter valued at approximately $34,000. 78.37% of the stock is owned by hedge funds and other institutional investors.

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.