NuScale Power Corporation (NYSE:SMR – Get Free Report) rose 5.9% during mid-day trading on Monday . The stock traded as high as $13.63 and last traded at $13.2920. Approximately 47,528,265 shares traded hands during trading, an increase of 64% from the average daily volume of 29,001,178 shares. The stock had previously closed at $12.55.
NuScale Power News Summary
Here are the key news stories impacting NuScale Power this week:
- Positive Sentiment: Broader nuclear-sector momentum remains supportive, with reports highlighting new industry partnerships and stronger public sentiment toward nuclear energy, which can lift interest in NuScale Power as a leading SMR name. Partnerships, Positive Sentiment Boost U.S. Nuclear
- Positive Sentiment: NuScale continues to benefit from investor focus on the long-term growth potential of advanced nuclear power, with commentary suggesting the company is entering a critical growth period. Where Will NuScale Power Stock Be in 5 Years?
- Neutral Sentiment: Some recent coverage framed NuScale as a stock with outsized upside potential, but also noted its relatively small market cap, underscoring both the speculative opportunity and the execution risk. How Buying NuScale Power Stock Today Could 10X Your Net Worth
- Neutral Sentiment: Analyst views remain mixed overall, with Guggenheim sticking to a Hold rating after the company’s first-quarter report. Guggenheim Sticks to Its Hold Rating for NuScale Power (SMR)
- Negative Sentiment: Citigroup cut its price target on NuScale Power Corporation (NYSE: SMR) from $9 to $7 and maintained a Sell rating, signaling Wall Street concern about valuation and near-term downside. Citigroup price target cut
- Negative Sentiment: Latest first-quarter results were disappointing, with the company missing EPS and revenue estimates and posting weak sales, which led analysts to lower expectations after earnings. Analysts Have Lowered Expectations For NuScale Power Corporation (NYSE:SMR) After Its Latest Results
Analyst Upgrades and Downgrades
SMR has been the subject of several recent research reports. Zacks Research upgraded shares of NuScale Power from a “strong sell” rating to a “hold” rating in a research report on Friday, February 20th. Cantor Fitzgerald cut their target price on shares of NuScale Power from $55.00 to $20.00 and set an “overweight” rating for the company in a research report on Tuesday, February 24th. Royal Bank Of Canada cut their target price on shares of NuScale Power from $21.00 to $14.00 and set a “sector perform” rating for the company in a research report on Monday, March 2nd. TD Cowen lowered shares of NuScale Power from a “buy” rating to a “hold” rating in a research report on Wednesday, February 11th. Finally, UBS Group cut their target price on shares of NuScale Power from $20.00 to $13.00 and set a “neutral” rating for the company in a research report on Wednesday, March 18th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, nine have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $19.08.
NuScale Power Stock Up 5.9%
The firm has a market cap of $4.49 billion, a PE ratio of -4.55 and a beta of 2.24. The firm’s fifty day simple moving average is $11.63 and its two-hundred day simple moving average is $18.11.
NuScale Power (NYSE:SMR – Get Free Report) last issued its quarterly earnings results on Thursday, May 7th. The company reported ($0.14) earnings per share for the quarter, missing the consensus estimate of ($0.11) by ($0.03). NuScale Power had a negative net margin of 2,066.55% and a negative return on equity of 48.88%. The firm had revenue of $0.57 million for the quarter, compared to analysts’ expectations of $7.00 million. The firm’s quarterly revenue was down 95.8% compared to the same quarter last year. As a group, analysts anticipate that NuScale Power Corporation will post -0.44 earnings per share for the current fiscal year.
Insider Buying and Selling at NuScale Power
In other news, Director Corp Fluor sold 13,500,000 shares of the business’s stock in a transaction on Thursday, April 9th. The shares were sold at an average price of $12.07, for a total value of $162,945,000.00. Following the transaction, the director owned 26,436,472 shares of the company’s stock, valued at approximately $319,088,217.04. The trade was a 33.80% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO John Lawrence Hopkins sold 82,667 shares of the business’s stock in a transaction on Tuesday, March 3rd. The stock was sold at an average price of $12.22, for a total transaction of $1,010,190.74. Following the completion of the transaction, the chief executive officer directly owned 117,018 shares in the company, valued at $1,429,959.96. This trade represents a 41.40% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 40,572,082 shares of company stock valued at $481,029,608. 1.28% of the stock is currently owned by company insiders.
Hedge Funds Weigh In On NuScale Power
Several hedge funds have recently modified their holdings of SMR. Royal Bank of Canada lifted its holdings in shares of NuScale Power by 623.4% in the first quarter. Royal Bank of Canada now owns 457,276 shares of the company’s stock worth $6,475,000 after buying an additional 394,065 shares in the last quarter. AQR Capital Management LLC lifted its holdings in shares of NuScale Power by 37.4% in the first quarter. AQR Capital Management LLC now owns 37,614 shares of the company’s stock worth $533,000 after buying an additional 10,244 shares in the last quarter. Integrated Wealth Concepts LLC purchased a new stake in NuScale Power during the first quarter valued at $390,000. Jones Financial Companies Lllp raised its stake in NuScale Power by 9.1% during the first quarter. Jones Financial Companies Lllp now owns 16,793 shares of the company’s stock valued at $238,000 after purchasing an additional 1,394 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in NuScale Power by 1,220.7% during the first 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 purchasing an additional 1,705,411 shares in the last quarter. Hedge funds and other institutional investors 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.
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