NuScale Power (NYSE:SMR) Director Sells $33,380,499.60 in Stock

NuScale Power Corporation (NYSE:SMR) Director Corp Fluor sold 909,055 shares of NuScale Power stock in a transaction on Tuesday, September 30th. The shares were sold at an average price of $36.72, for a total value of $33,380,499.60. Following the completion of the transaction, the director owned 3,956,632 shares in the company, valued at $145,287,527.04. This represents a 18.68% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Corp Fluor also recently made the following trade(s):

• On Wednesday, October 1st, Corp Fluor sold 532,354 shares of NuScale Power stock. The shares were sold at an average price of $36.52, for a total value of $19,441,568.08.
• On Monday, September 29th, Corp Fluor sold 697,210 shares of NuScale Power stock. The shares were sold at an average price of $38.95, for a total value of $27,156,329.50.
• On Friday, September 26th, Corp Fluor sold 588,720 shares of NuScale Power stock. The shares were sold at an average price of $37.97, for a total value of $22,353,698.40.
• On Thursday, September 25th, Corp Fluor sold 965,049 shares of NuScale Power stock. The shares were sold at an average price of $37.67, for a total value of $36,353,395.83.
• On Wednesday, September 24th, Corp Fluor sold 773,921 shares of NuScale Power stock. The shares were sold at an average price of $40.49, for a total value of $31,336,061.29.
• On Tuesday, September 23rd, Corp Fluor sold 981,688 shares of NuScale Power stock. The stock was sold at an average price of $42.69, for a total value of $41,908,260.72.
• On Monday, September 22nd, Corp Fluor sold 1,213,069 shares of NuScale Power stock. The stock was sold at an average price of $44.84, for a total value of $54,394,013.96.
• On Friday, September 19th, Corp Fluor sold 2,372,563 shares of NuScale Power stock. The stock was sold at an average price of $43.99, for a total value of $104,369,046.37.
• On Thursday, September 18th, Corp Fluor sold 1,193,504 shares of NuScale Power stock. The stock was sold at an average price of $38.95, for a total value of $46,486,980.80.
• On Wednesday, September 17th, Corp Fluor sold 577,046 shares of NuScale Power stock. The stock was sold at an average price of $36.00, for a total value of $20,773,656.00.

NuScale Power Price Performance

NuScale Power stock opened at $40.03 on Friday. The stock has a market capitalization of $11.40 billion, a price-to-earnings ratio of -33.64 and a beta of 2.02. NuScale Power Corporation has a 1-year low of $11.08 and a 1-year high of $53.50. The business has a fifty day moving average price of $38.88 and a 200-day moving average price of $31.47.

NuScale Power (NYSE:SMR) last posted its quarterly earnings data on Thursday, August 7th. The company reported ($0.13) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.01). The business had revenue of $8.05 million during the quarter, compared to analyst estimates of $10.49 million. NuScale Power had a positive return on equity of 2.61% and a negative net margin of 221.07%. On average, equities research analysts anticipate that NuScale Power Corporation will post -0.73 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. Royal Bank Of Canada initiated coverage on NuScale Power in a research report on Monday, September 15th. They set a “sector perform” rating and a $35.00 price target for the company. UBS Group lifted their price target on NuScale Power from $34.00 to $38.00 and gave the stock a “neutral” rating in a research report on Monday, August 11th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of NuScale Power in a research report on Saturday, September 27th. BTIG Research cut NuScale Power from a “buy” rating to a “neutral” rating in a research report on Wednesday, June 25th. Finally, Citigroup initiated coverage on NuScale Power in a research report on Monday, June 23rd. They set a “neutral” rating and a $46.00 price target for the company. Three analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, NuScale Power currently has a consensus rating of “Hold” and a consensus target price of $36.67.

Hedge Funds Weigh In On NuScale Power

Several institutional investors and hedge funds have recently modified their holdings of SMR. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of NuScale Power by 1,220.7% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,845,116 shares of the company’s stock valued at $26,127,000 after buying an additional 1,705,411 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of NuScale Power by 20.3% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,841,836 shares of the company’s stock valued at $96,880,000 after buying an additional 1,153,158 shares during the period. Bank of America Corp DE lifted its holdings in shares of NuScale Power by 80.9% in the 2nd quarter. Bank of America Corp DE now owns 2,333,248 shares of the company’s stock valued at $92,303,000 after buying an additional 1,043,676 shares during the period. CloudAlpha Capital Management Limited Hong Kong acquired a new position in shares of NuScale Power in the 1st quarter valued at about $14,271,000. Finally, Man Group plc acquired a new position in shares of NuScale Power in the 2nd quarter valued at about $33,877,000. Institutional investors and hedge funds own 78.37% of the company’s stock.

NuScale Power Company Profile

NuScale Power Corporation engages in the development and sale of modular light water reactor nuclear power plants to supply energy for electrical generation, district heating, desalination, hydrogen production, and other process heat applications. It offers NuScale Power Module (NPM), a water reactor that can generate 77 megawatts of electricity (MWe); and VOYGR power plant designs for three facility sizes that are capable of housing from one to four and six or twelve NPMs.