NuScale Power (NYSE:SMR) Trading Down 12.7% – Should You Sell?

NuScale Power Corporation (NYSE:SMR)’s share price fell 12.7% during mid-day trading on Friday . The stock traded as low as $10.15 and last traded at $10.4740. 49,074,111 shares traded hands during mid-day trading, an increase of 63% from the average session volume of 30,142,260 shares. The stock had previously closed at $12.00.

Analyst Upgrades and Downgrades

SMR has been the topic of several recent research reports. Zacks Research upgraded shares of NuScale Power from a “strong sell” rating to a “hold” rating in a research report on Friday, February 20th. Barclays dropped their price target on shares of NuScale Power from $45.00 to $15.00 and set an “equal weight” rating for the company in a research note on Monday, February 23rd. TD Cowen cut shares of NuScale Power from a “buy” rating to a “hold” rating in a research note on Wednesday, February 11th. The Goldman Sachs Group set a $9.00 price objective on NuScale Power in a report on Friday, May 8th. Finally, Cantor Fitzgerald lowered their target price on NuScale Power from $55.00 to $20.00 and set an “overweight” rating for the company in a research report on Tuesday, February 24th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, nine have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $15.92.

NuScale Power Trading Down 12.7%

The stock’s 50-day moving average price is $11.51 and its 200-day moving average price is $14.81. The stock has a market cap of $3.83 billion, a price-to-earnings ratio of -3.59 and a beta of 2.20.

NuScale Power (NYSE:SMR) last posted its quarterly earnings data on Thursday, May 7th. The company reported ($0.14) earnings per share for the quarter, missing the consensus estimate of ($0.11) by ($0.03). The firm had revenue of $0.57 million for the quarter, compared to analyst estimates of $7.00 million. NuScale Power had a negative return on equity of 48.88% and a negative net margin of 2,066.55%.The company’s revenue was down 95.8% compared to the same quarter last year. As a group, analysts predict that NuScale Power Corporation will post -0.46 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Corp Fluor sold 13,500,000 shares of NuScale Power stock in a transaction dated Tuesday, April 21st. The stock was sold at an average price of $11.81, for a total value of $159,435,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last three months, insiders sold 39,936,472 shares of company stock worth $472,831,169. Company insiders own 1.28% of the company’s stock.

Institutional Investors Weigh In On NuScale Power

Several institutional investors and hedge funds have recently made changes to their positions in the business. Allianz Asset Management GmbH acquired a new position in shares of NuScale Power during the 3rd quarter valued at $14,347,000. Mirae Asset Global Investments Co. Ltd. grew its holdings in NuScale Power by 35.0% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 822,779 shares of the company’s stock worth $11,659,000 after purchasing an additional 213,329 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in NuScale Power by 22.6% in the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,310,961 shares of the company’s stock valued at $263,195,000 after purchasing an additional 1,346,796 shares in the last quarter. Caz Investments LP increased its stake in NuScale Power by 10,000.0% in the fourth quarter. Caz Investments LP now owns 101,000 shares of the company’s stock valued at $1,431,000 after purchasing an additional 100,000 shares in the last quarter. Finally, Clear Street Group Inc. acquired a new position in shares of NuScale Power during the third quarter valued at about $155,616,000. Institutional investors own 78.37% of the company’s stock.

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.