NuScale Power (NYSE:SMR) Stock Price Down 7.5% – What’s Next?

NuScale Power Corporation (NYSE:SMR) dropped 7.5% during trading on Monday . The stock traded as low as $8.27 and last traded at $8.3650. Approximately 38,696,400 shares traded hands during trading, an increase of 27% from the average session volume of 30,408,813 shares. The stock had previously closed at $9.04.

Analysts Set New Price Targets

A number of research firms have issued reports on SMR. The Goldman Sachs Group set a $9.00 price target on NuScale Power in a report on Friday, May 8th. Northland Securities set a $19.00 target price on shares of NuScale Power in a research note on Monday, May 11th. UBS Group decreased their price target on shares of NuScale Power from $20.00 to $13.00 and set a “neutral” rating for the company in a research note on Wednesday, March 18th. Weiss Ratings reiterated a “sell (d-)” rating on shares of NuScale Power in a report on Wednesday, June 24th. Finally, Bank of America assumed coverage on NuScale Power in a research note on Friday, May 22nd. They issued a “neutral” rating and a $12.00 target price for the company. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, eight have assigned a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $15.92.

NuScale Power Price Performance

The stock has a market cap of $3.06 billion, a price-to-earnings ratio of -2.86 and a beta of 2.24. The company’s fifty day simple moving average is $11.02 and its two-hundred day simple moving average is $13.14.

NuScale Power (NYSE:SMR) last posted its earnings results on Thursday, May 7th. The company reported ($0.14) EPS 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 business had revenue of $0.56 million for the quarter, compared to the consensus estimate of $7.00 million. NuScale Power’s revenue was down 95.8% compared to the same quarter last year. On average, analysts forecast that NuScale Power Corporation will post -0.46 earnings per share for the current year.

Insider Activity

In related news, Director Corp Fluor sold 13,500,000 shares of the company’s stock in a transaction on Tuesday, April 21st. The stock was sold at an average price of $11.81, for a total transaction of $159,435,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.28% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in SMR. Heck Capital Advisors LLC grew its position in NuScale Power by 33.5% in the 2nd quarter. Heck Capital Advisors LLC now owns 16,382 shares of the company’s stock worth $164,000 after purchasing an additional 4,115 shares in the last quarter. Handelsbanken Fonder AB increased its holdings in NuScale Power by 209.5% during the second quarter. Handelsbanken Fonder AB now owns 108,000 shares of the company’s stock worth $1,083,000 after buying an additional 73,100 shares during the last quarter. Adamsbrown Wealth Consultants LLC purchased a new stake in NuScale Power during the second quarter worth about $100,000. Hennion & Walsh Asset Management Inc. raised its position in NuScale Power by 30.5% in the second quarter. Hennion & Walsh Asset Management Inc. now owns 84,199 shares of the company’s stock worth $845,000 after acquiring an additional 19,679 shares during the period. Finally, Evanson Financial LLC bought a new stake in NuScale Power in the second quarter worth about $512,000. 78.37% of the stock is owned by 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.