NuScale Power (NYSE:SMR) Shares Down 4.3% – What’s Next?

NuScale Power Corporation (NYSE:SMRGet Free Report)’s stock price traded down 4.3% on Monday . The company traded as low as $11.04 and last traded at $11.23. 33,404,657 shares changed hands during trading, an increase of 8% from the average session volume of 30,790,002 shares. The stock had previously closed at $11.74.

Analysts Set New Price Targets

Several research analysts recently commented on SMR shares. Northland Securities set a $19.00 target price on shares of NuScale Power in a research note on Monday, May 11th. Cantor Fitzgerald dropped their price target 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. Citigroup dropped their price target on shares of NuScale Power from $9.00 to $7.00 and set a “sell” rating for the company in a research report on Monday, May 11th. Weiss Ratings reissued a “sell (d-)” rating on shares of NuScale Power in a report on Friday, March 27th. Finally, Canaccord Genuity Group decreased their price objective on shares of NuScale Power from $60.00 to $25.00 and set a “buy” rating on the stock in a research report on Friday, February 27th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, nine have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, NuScale Power has a consensus rating of “Hold” and a consensus price target of $15.92.

View Our Latest Analysis on SMR

NuScale Power Trading Down 4.3%

The business’s 50 day moving average price is $11.52 and its two-hundred day moving average price is $14.10. The stock has a market cap of $4.10 billion, a P/E ratio of -3.85 and a beta of 2.20.

NuScale Power (NYSE:SMRGet Free Report) last released its quarterly earnings results on Thursday, May 7th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.03). The company had revenue of $0.56 million during the quarter, compared to the consensus estimate of $7.00 million. NuScale Power had a negative return on equity of 48.88% and a negative net margin of 2,066.55%.NuScale Power’s quarterly revenue was down 95.8% compared to the same quarter last year. As a group, analysts expect that NuScale Power Corporation will post -0.46 earnings per share for the current year.

Insider Buying and Selling at NuScale Power

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 value of $159,435,000.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders sold 39,936,472 shares of company stock worth $472,831,169 in the last 90 days. Insiders own 1.28% of the company’s stock.

Institutional Investors Weigh In On NuScale Power

Several hedge funds have recently bought and sold shares of SMR. MAI Capital Management boosted its position in shares of NuScale Power by 37.0% in the 3rd quarter. MAI Capital Management now owns 1,654 shares of the company’s stock worth $60,000 after purchasing an additional 447 shares in the last quarter. Harbour Investments Inc. raised its stake in NuScale Power by 32.4% during the fourth quarter. Harbour Investments Inc. now owns 2,419 shares of the company’s stock valued at $34,000 after buying an additional 592 shares during the last quarter. Strategic Advocates LLC purchased a new position in NuScale Power during the third quarter valued at $25,000. Nemes Rush Group LLC bought a new stake in NuScale Power in the third quarter worth $25,000. Finally, Balboa Wealth Partners boosted its holdings in NuScale Power by 5.9% in the fourth quarter. Balboa Wealth Partners now owns 13,465 shares of the company’s stock worth $191,000 after acquiring an additional 756 shares in the last quarter. Institutional investors 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.

Further Reading

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