NuScale Power Corporation (NYSE:SMR – Get Free Report) shares dropped 9.1% during mid-day trading on Thursday . The company traded as low as $7.52 and last traded at $7.6010. Approximately 28,786,961 shares were traded during mid-day trading, a decline of 5% from the average session volume of 30,312,762 shares. The stock had previously closed at $8.36.
Key Headlines Impacting NuScale Power
Here are the key news stories impacting NuScale Power this week:
- Neutral Sentiment: NuScale remains part of a broader nuclear-sector rebound narrative, with some analysts arguing that the recent selloff may be more of a reset than a breakdown in the long-term AI-and-power demand thesis. NuScale Power (SMR) news reference
- Negative Sentiment: Investors are increasingly focused on the fact that SMR projects can take years to reach commercialization, and that uncertainty has hit smaller names like NuScale harder than larger, already-profitable nuclear plays. NuScale Power (SMR) news reference
- Negative Sentiment: Recent commentary and market coverage have framed NuScale as highly volatile, with one article highlighting bear-case expectations near current levels and reinforcing concerns about downside if growth milestones are delayed. NuScale SMR Stock: $25 Bull Case, $7 Bear Case
Analyst Upgrades and Downgrades
Several analysts recently commented on SMR shares. HSBC initiated coverage on NuScale Power in a research note on Thursday, April 23rd. They issued a “hold” rating and a $13.00 price target on the stock. Weiss Ratings reissued a “sell (d-)” rating on shares of NuScale Power in a report on Wednesday, June 24th. Bank of America initiated coverage on shares of NuScale Power in a report on Friday, May 22nd. They issued a “neutral” rating and a $12.00 target price on the stock. The Goldman Sachs Group set a $9.00 price target on shares of NuScale Power in a report on Friday, May 8th. Finally, Northland Securities set a $19.00 price objective on shares of NuScale Power in a research note on Monday, May 11th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, nine have assigned a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $15.46.
NuScale Power Price Performance
The stock has a 50 day moving average price of $10.57 and a two-hundred day moving average price of $12.89. The company has a market capitalization of $2.82 billion, a price-to-earnings ratio of -2.65 and a beta of 2.24.
NuScale Power (NYSE:SMR – Get Free Report) last issued its quarterly earnings data on Thursday, May 7th. The company reported ($0.14) EPS for the quarter, missing analysts’ consensus estimates 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 company had revenue of $0.56 million for the quarter, compared to the consensus estimate of $7.00 million. NuScale Power’s quarterly revenue was down 95.8% on a year-over-year basis. Sell-side analysts forecast that NuScale Power Corporation will post -0.63 EPS for the current fiscal year.
Insiders Place Their Bets
In other NuScale Power 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 transaction was disclosed in a filing with the SEC, which is available at this link. 1.28% of the stock is owned by company insiders.
Hedge Funds Weigh In On NuScale Power
Several large investors have recently made changes to their positions in the company. Vanguard Group Inc. raised its holdings in NuScale Power by 40.5% during the 4th quarter. Vanguard Group Inc. now owns 15,545,018 shares of the company’s stock worth $220,273,000 after purchasing an additional 4,482,254 shares during the last quarter. Van ECK Associates Corp raised its stake in shares of NuScale Power by 117.8% during the fourth quarter. Van ECK Associates Corp now owns 11,515,561 shares of the company’s stock worth $163,176,000 after buying an additional 6,227,747 shares during the last quarter. Renaissance Technologies LLC bought a new stake in shares of NuScale Power during the first quarter worth approximately $59,141,000. Morgan Stanley lifted its holdings in NuScale Power by 81.0% in the fourth quarter. Morgan Stanley now owns 5,277,905 shares of the company’s stock valued at $74,788,000 after buying an additional 2,361,532 shares during the period. Finally, Samsung C&T Corp boosted its stake in NuScale Power by 98.9% in the third quarter. Samsung C&T Corp now owns 5,185,804 shares of the company’s stock valued at $186,689,000 after acquiring an additional 2,578,702 shares during the last quarter. 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.
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