NuScale Power (NYSE:SMR) Trading 1.1% Higher – Should You Buy?

NuScale Power Corporation (NYSE:SMR)’s share price was up 1.1% during mid-day trading on Thursday . The company traded as high as $9.87 and last traded at $9.4840. Approximately 33,249,100 shares changed hands during trading, an increase of 9% from the average session volume of 30,469,330 shares. The stock had previously closed at $9.38.

Key NuScale Power News

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

• Positive Sentiment: Management highlighted ongoing discussions with the Tennessee Valley Authority and said NuScale is prepared for near-term deployment, citing approved reactor designs, available fuel, established suppliers and approximately $1.9 billion in liquidity. These factors could reduce execution and financing risks as potential projects advance. SMR Q2 Earnings Call Focuses on TVA and Deployment Readiness
• Positive Sentiment: NuScale, Curio and Framatome signed a strategic memorandum of understanding to evaluate fuel recycling, fuel manufacturing and other next-generation nuclear-fuel-cycle technologies. The agreement strengthens NuScale’s industry partnerships and could support future reactor deployments, although it is not yet a binding commercial contract. Curio, NuScale Power, and Framatome Sign Strategic MOU
• Neutral Sentiment: Second-quarter adjusted results were broadly as expected on the bottom line: NuScale reported a loss of $0.13 per share, matching consensus estimates. This removes an immediate EPS surprise but does not resolve the company’s lack of meaningful commercial revenue. NuScale Power Corporation Reports Q2 Loss
• Negative Sentiment: Revenue was only about $0.08 million, versus roughly $8.8 million expected, and plunged 99.1% year over year. NuScale also remains deeply unprofitable, which highlights the substantial time and execution risk before reactor deployments generate recurring revenue. NuScale Stock After Q2 Revenue Miss

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. The Goldman Sachs Group set a $9.00 target price on shares of NuScale Power in a research report on Friday, May 8th. Barclays dropped their price target on NuScale Power from $15.00 to $11.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 22nd. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of NuScale Power in a research note on Wednesday, June 24th. Bank of America began coverage on shares of NuScale Power in a report on Friday, May 22nd. They set a “neutral” rating and a $12.00 price target for the company. Finally, HSBC started coverage on shares of NuScale Power in a research report on Thursday, April 23rd. They issued a “hold” rating and a $13.00 target price for the company. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, nine have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, NuScale Power presently has a consensus rating of “Hold” and a consensus price target of $14.88.

NuScale Power Stock Performance

The stock has a fifty day simple moving average of $9.81 and a two-hundred day simple moving average of $12.02. The stock has a market cap of $3.47 billion, a price-to-earnings ratio of -3.25 and a beta of 2.26.

NuScale Power (NYSE:SMR) last released its quarterly earnings data on Wednesday, August 5th. The company reported ($0.13) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.13). The company had revenue of $0.07 million for the quarter, compared to analysts’ expectations of $8.80 million. NuScale Power had a negative net margin of 2,066.55% and a negative return on equity of 48.88%. The business’s revenue was down 99.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.11) EPS. Equities analysts expect that NuScale Power Corporation will post -0.46 earnings per share for the current fiscal year.

Insider Activity at NuScale Power

In related news, COO Carl M. Fisher sold 18,771 shares of the stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $9.36, for a total transaction of $175,696.56. Following the completion of the sale, the chief operating officer directly owned 114,718 shares of the company’s stock, valued at approximately $1,073,760.48. This trade represents a 14.06% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 1.28% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On NuScale Power

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Renaissance Technologies LLC purchased a new stake in shares of NuScale Power in the first quarter worth $59,141,000. Mirae Asset Global Investments Co. Ltd. increased its stake in NuScale Power by 35.0% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 822,779 shares of the company’s stock worth $11,659,000 after acquiring an additional 213,329 shares during the last quarter. Swedbank AB raised its holdings in shares of NuScale Power by 36.3% in the 1st quarter. Swedbank AB now owns 1,502,300 shares of the company’s stock valued at $16,285,000 after acquiring an additional 400,240 shares in the last quarter. Caz Investments LP boosted its position in shares of NuScale Power by 10,000.0% during the 4th quarter. Caz Investments LP now owns 101,000 shares of the company’s stock valued at $1,431,000 after acquiring an additional 100,000 shares during the last quarter. Finally, Seven Grand Managers LLC purchased a new position in shares of NuScale Power during the fourth quarter worth about $1,771,000. 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.