NuScale Power (NYSE:SMR) Trading Down 8.3% – What’s Next?

NuScale Power Corporation (NYSE:SMR)’s share price fell 8.3% during mid-day trading on Thursday . The company traded as low as $14.68 and last traded at $14.8550. 24,102,505 shares traded hands during mid-day trading, a decline of 23% from the average session volume of 31,318,832 shares. The stock had previously closed at $16.20.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Wall Street Zen downgraded NuScale Power from a “hold” rating to a “sell” rating in a report on Saturday, November 8th. Royal Bank Of Canada set a $21.00 price target on shares of NuScale Power in a research report on Tuesday, January 20th. BNP Paribas Exane downgraded shares of NuScale Power from a “hold” rating to a “strong sell” rating in a report on Tuesday, October 21st. The Goldman Sachs Group restated a “neutral” rating and issued a $20.00 target price on shares of NuScale Power in a research report on Wednesday. Finally, B. Riley dropped their price target on shares of NuScale Power from $38.00 to $24.00 and set a “buy” rating on the stock in a research report on Monday, December 22nd. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, seven have assigned a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $33.19.

NuScale Power Trading Down 8.3%

The firm has a market capitalization of $4.43 billion, a price-to-earnings ratio of -5.19 and a beta of 2.14. The company has a fifty day moving average price of $18.35 and a 200-day moving average price of $30.78.

NuScale Power (NYSE:SMR) last posted its earnings results on Thursday, November 6th. The company reported ($1.85) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 business had revenue of $8.24 million during the quarter, compared to analyst estimates of $11.29 million. During the same quarter last year, the firm earned ($0.18) earnings per share. NuScale Power’s revenue was up 1635.2% compared to the same quarter last year. As a group, sell-side analysts predict that NuScale Power Corporation will post -0.73 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CFO Robert Ramsey Hamady sold 40,000 shares of NuScale Power 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 transaction, the chief financial officer owned 46,283 shares of the company’s stock, valued at $1,026,094.11. This trade represents a 46.36% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.20% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Private Wealth Partners LLC grew its position in NuScale Power by 39.4% in the second quarter. Private Wealth Partners LLC now owns 23,000 shares of the company’s stock worth $910,000 after acquiring an additional 6,500 shares in the last quarter. Intech Investment Management LLC boosted its holdings in shares of NuScale Power by 72.3% in the 2nd quarter. Intech Investment Management LLC now owns 91,362 shares of the company’s stock worth $3,614,000 after purchasing an additional 38,347 shares in the last quarter. Truist Financial Corp increased its position in shares of NuScale Power by 23.3% during the 2nd quarter. Truist Financial Corp now owns 47,645 shares of the company’s stock valued at $1,885,000 after purchasing an additional 9,016 shares during the last quarter. Black Swift Group LLC bought a new position in shares of NuScale Power during the 2nd quarter valued at about $585,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH raised its holdings in shares of NuScale Power by 686.9% during the 3rd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 184,609 shares of the company’s stock valued at $6,646,000 after buying an additional 161,149 shares in the last quarter. 78.37% of the stock is currently owned by institutional investors and hedge funds.

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.