NuScale Power (NYSE:SMR) Trading Down 2.8% – What’s Next?

NuScale Power Corporation (NYSE:SMRGet Free Report)’s share price fell 2.8% during trading on Tuesday . The stock traded as low as $11.15 and last traded at $11.3680. 17,490,732 shares were traded during trading, a decline of 33% from the average session volume of 26,211,676 shares. The stock had previously closed at $11.70.

Trending Headlines about NuScale Power

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

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. Bank of America upgraded NuScale Power from an “underperform” rating to a “neutral” rating and set a $28.00 price target on the stock in a research report on Friday, January 9th. Barclays cut their target price on NuScale Power from $45.00 to $15.00 and set an “equal weight” rating on the stock in a research note on Monday, February 23rd. Zacks Research upgraded NuScale Power from a “strong sell” rating to a “hold” rating in a report on Friday, February 20th. Cantor Fitzgerald decreased 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. Finally, Citigroup lowered their price target on NuScale Power from $18.50 to $11.50 and set a “sell” rating for the company in a research note on Monday, March 2nd. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, eight have given a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $20.88.

Check Out Our Latest Report on SMR

NuScale Power Trading Down 2.8%

The firm’s fifty day moving average price is $15.26 and its 200-day moving average price is $24.34. The company has a market cap of $3.84 billion, a price-to-earnings ratio of -3.93 and a beta of 2.20.

NuScale Power (NYSE:SMRGet Free Report) last issued its quarterly earnings data on Thursday, February 26th. The company reported ($0.80) EPS for the quarter, missing the consensus estimate of ($0.10) by ($0.70). NuScale Power had a negative return on equity of 55.23% and a negative net margin of 1,130.26%.The business had revenue of $1.81 million for the quarter, compared to analyst estimates of $8.76 million. As a group, research analysts anticipate that NuScale Power Corporation will post -0.73 EPS for the current year.

Insider Activity at NuScale Power

In related news, insider Clayton Scott sold 22,478 shares of the business’s stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $12.22, for a total value of $274,681.16. Following the completion of the transaction, the insider directly owned 132,852 shares in the company, valued at approximately $1,623,451.44. The trade was a 14.47% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CTO Jose N. Reyes, Jr. sold 25,951 shares of the stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $12.22, for a total value of $317,121.22. Following the sale, the chief technology officer directly owned 268,081 shares of the company’s stock, valued at approximately $3,275,949.82. The trade was a 8.83% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 635,610 shares of company stock valued at $8,198,439 over the last 90 days. Insiders own 1.20% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. CX Institutional acquired a new stake in shares of NuScale Power during the third quarter worth $25,000. Nemes Rush Group LLC acquired a new position in NuScale Power in the 3rd quarter worth $25,000. Strategic Advocates LLC acquired a new position in NuScale Power in the 3rd quarter worth $25,000. Vermillion & White Wealth Management Group LLC increased its holdings in NuScale Power by 1,550.9% during the 4th quarter. Vermillion & White Wealth Management Group LLC now owns 1,783 shares of the company’s stock worth $25,000 after purchasing an additional 1,675 shares in the last quarter. Finally, Ameriflex Group Inc. acquired a new stake in shares of NuScale Power in the 4th quarter valued at about $30,000. Institutional investors and hedge funds own 78.37% of the company’s stock.

NuScale Power Company Profile

(Get Free Report)

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.

Recommended Stories

Receive News & Ratings for NuScale Power Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NuScale Power and related companies with MarketBeat.com's FREE daily email newsletter.