NuScale Power (NYSE:SMR) Trading Down 6.9% – Here’s What Happened

NuScale Power Corporation (NYSE:SMR) shares were down 6.9% during trading on Tuesday . The stock traded as low as $9.86 and last traded at $9.9050. 31,232,206 shares were traded during mid-day trading, an increase of 3% from the average session volume of 30,238,541 shares. The stock had previously closed at $10.64.

More NuScale Power News

Here are the key news stories impacting NuScale Power this week:

• Positive Sentiment: Traders bought 105,525 call options on NuScale Power, a sharp jump versus typical daily call volume, suggesting elevated bullish sentiment and expectations for more upside.
• Positive Sentiment: Market commentary framed NuScale as a key way to play rising electricity demand from AI data centers and the broader shift toward nuclear power, which can support investor interest in SMR stocks. AI’s Power Problem Is Turning Nuclear Stocks Into a Bigger Market Story
• Positive Sentiment: NuScale said it awarded Paragon a contract to complete final design work for the NuScale Power Module’s protection system, a development step that supports commercialization progress. Paragon Awarded Contract to Complete Final Design Work Supporting NuScale Power’s Small Modular Reactor
• Neutral Sentiment: NuScale’s E2 Centers were featured for bringing small modular reactor operations and workforce training into the classroom, reinforcing the company’s visibility but not changing fundamentals directly. NuScale’s E2 Centers Bring SMR Operations Into the Classroom
• Neutral Sentiment: Several articles called NuScale “impossible to ignore” and noted the stock could stay volatile, which may draw traders but also underscores ongoing uncertainty. NuScale Is Impossible to Ignore Right Now. Here’s What to Do With It.
• Negative Sentiment: Despite the bullish trading activity, NuScale remains a highly speculative, development-stage company, and recent commentary continues to emphasize execution risk and volatility around its commercial rollout. 1 Reason to Buy NuScale Power Stock, and 2 Reasons to Sell

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. Barclays decreased their target price on NuScale Power from $45.00 to $15.00 and set an “equal weight” rating for the company in a research report on Monday, February 23rd. HSBC started coverage on NuScale Power in a research note on Thursday, April 23rd. They issued a “hold” rating and a $13.00 price target on the stock. Bank of America assumed coverage on NuScale Power in a report on Friday, May 22nd. They issued a “neutral” rating and a $12.00 price objective for the company. Royal Bank Of Canada lowered their price objective on NuScale Power from $21.00 to $14.00 and set a “sector perform” rating for the company in a research report on Monday, March 2nd. Finally, Citigroup reduced their target price on shares of NuScale Power from $9.00 to $7.00 and set a “sell” rating on the stock in a research report on Monday, May 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. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $15.92.

NuScale Power Stock Up 13.7%

The company’s fifty day moving average price is $11.43 and its 200-day moving average price is $14.20. The stock has a market capitalization of $4.30 billion, a PE ratio of -4.03 and a beta of 2.20.

NuScale Power (NYSE:SMR) last posted its quarterly earnings results 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). NuScale Power had a negative return on equity of 48.88% and a negative net margin of 2,066.55%.The company had revenue of $0.56 million during the quarter, compared to analysts’ expectations of $7.00 million. The business’s quarterly revenue was down 95.8% on a year-over-year basis. Equities research analysts anticipate that NuScale Power Corporation will post -0.46 earnings per share for the current year.

Insider Buying and Selling

In other news, Director Corp Fluor sold 13,500,000 shares of the stock in a transaction on 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 legal filing with the SEC, which is available through this link. Insiders sold 39,936,472 shares of company stock valued at $472,831,169 over the last 90 days. Insiders own 1.28% of the company’s stock.

Hedge Funds Weigh In On NuScale Power

Several large investors have recently modified their holdings of the stock. Nemes Rush Group LLC purchased a new stake in NuScale Power during the 3rd quarter valued at about $25,000. Strategic Advocates LLC purchased a new position in NuScale Power in the third quarter worth about $25,000. Vermillion & White Wealth Management Group LLC raised its holdings in NuScale Power by 1,550.9% in the fourth quarter. Vermillion & White Wealth Management Group LLC now owns 1,783 shares of the company’s stock worth $25,000 after buying an additional 1,675 shares during the last quarter. Assetmark Inc. lifted its stake in shares of NuScale Power by 1,940.3% in the first quarter. Assetmark Inc. now owns 2,428 shares of the company’s stock worth $26,000 after buying an additional 2,309 shares in the last quarter. Finally, Ameriflex Group Inc. bought a new position in shares of NuScale Power in the fourth quarter worth approximately $30,000. Hedge funds and other institutional investors own 78.37% of the company’s stock.

About NuScale Power

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.