Insider Selling: NuScale Power (NYSE:SMR) Director Sells $177,200.00 in Stock

NuScale Power Corporation (NYSE:SMR) Director Shinji Fujino sold 20,000 shares of the firm’s stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $8.86, for a total transaction of $177,200.00. Following the completion of the transaction, the director directly owned 17,242 shares in the company, valued at $152,764.12. This represents a 53.70% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

NuScale Power Stock Down 2.5%

Shares of NYSE:SMR traded down $0.23 during trading on Thursday, hitting $9.06. 31,848,623 shares of the company traded hands, compared to its average volume of 30,463,930. The stock has a market capitalization of $3.89 billion, a price-to-earnings ratio of -3.10 and a beta of 2.26. The business’s fifty day moving average is $9.37 and its 200-day moving average is $11.30. NuScale Power Corporation has a one year low of $7.21 and a one year high of $57.42.

NuScale Power (NYSE:SMR) last announced its quarterly earnings results on Wednesday, August 5th. The company reported ($0.13) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.13). The business had revenue of $0.07 million for the quarter, compared to analysts’ expectations of $8.80 million. NuScale Power had a negative return on equity of 35.59% and a negative net margin of 3,888.70%.The business’s quarterly revenue was down 99.1% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.11) EPS. On average, analysts forecast that NuScale Power Corporation will post -0.64 EPS for the current year.

Analyst Ratings Changes

A number of research firms have issued reports on SMR. Citigroup cut their target price on NuScale Power from $7.50 to $6.50 and set a “sell” rating on the stock in a research note on Thursday, August 6th. Bank of America began coverage on shares of NuScale Power in a research report on Friday, May 22nd. They set a “neutral” rating and a $12.00 price target for the company. The Goldman Sachs Group set a $9.00 price objective on shares of NuScale Power in a report on Friday, May 8th. Weiss Ratings reissued a “sell (d-)” rating on shares of NuScale Power in a research note on Wednesday, June 24th. Finally, Northland Securities set a $16.00 target price on shares of NuScale Power in a research report on Thursday, August 6th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, nine have given a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $13.50.

Institutional Investors Weigh In On NuScale Power

Institutional investors have recently bought and sold shares of the stock. Harbour Investments Inc. grew its position in NuScale Power by 32.4% in the 4th quarter. Harbour Investments Inc. now owns 2,419 shares of the company’s stock valued at $34,000 after buying an additional 592 shares in the last quarter. Arax Advisory Partners increased its stake in NuScale Power by 26.0% during the 4th quarter. Arax Advisory Partners now owns 3,739 shares of the company’s stock valued at $53,000 after buying an additional 772 shares during the period. Newbridge Financial Services Group Inc. raised its position in shares of NuScale Power by 7.7% during the 3rd quarter. Newbridge Financial Services Group Inc. now owns 14,270 shares of the company’s stock worth $514,000 after buying an additional 1,015 shares in the last quarter. Triumph Capital Management bought a new stake in shares of NuScale Power during the 3rd quarter worth about $37,000. Finally, Parallel Advisors LLC lifted its stake in shares of NuScale Power by 1.8% in the 1st quarter. Parallel Advisors LLC now owns 59,898 shares of the company’s stock worth $649,000 after acquiring an additional 1,053 shares during the period. Institutional investors and hedge funds 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.