NuScale Power (NYSE:SMR) Trading Down 4.2% – What’s Next?

Shares of NuScale Power Corporation (NYSE:SMR) were down 4.2% on Tuesday . The company traded as low as $9.67 and last traded at $10.0440. Approximately 28,479,679 shares traded hands during mid-day trading, a decline of 2% from the average daily volume of 29,109,133 shares. The stock had previously closed at $10.48.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on SMR shares. UBS Group decreased their price objective on NuScale Power from $20.00 to $13.00 and set a “neutral” rating for the company in a report on Wednesday, March 18th. TD Cowen downgraded NuScale Power from a “buy” rating to a “hold” rating in a report on Wednesday, February 11th. Weiss Ratings restated a “sell (d-)” rating on shares of NuScale Power in a report on Friday, March 27th. Texas Capital upgraded NuScale Power to a “strong-buy” rating in a report on Tuesday, January 27th. Finally, Canaccord Genuity Group decreased their price objective on NuScale Power from $60.00 to $25.00 and set a “buy” rating for the company in a report on Friday, February 27th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, nine have assigned a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $19.08.

NuScale Power Price Performance

The company has a fifty day moving average of $11.50 and a 200-day moving average of $16.78. The firm has a market cap of $3.67 billion, a P/E ratio of -3.44 and a beta of 2.24.

NuScale Power (NYSE:SMR) last announced its quarterly earnings results on Thursday, May 7th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing the consensus estimate 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 $0.57 million for the quarter, compared to the consensus estimate of $7.00 million. The company’s quarterly revenue was down 95.8% compared to the same quarter last year. On average, sell-side analysts expect that NuScale Power Corporation will post -0.46 EPS for the current fiscal 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 transaction of $159,435,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO John Lawrence Hopkins sold 82,667 shares of the company’s stock in a transaction on Tuesday, March 3rd. The stock was sold at an average price of $12.22, for a total value of $1,010,190.74. Following the sale, the chief executive officer owned 117,018 shares of the company’s stock, 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. Insiders have sold a total of 40,572,082 shares of company stock valued at $481,029,608 in the last three months. Insiders own 1.28% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. boosted its position in NuScale Power by 40.5% in the fourth 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 boosted its position in NuScale Power by 117.8% in the fourth quarter. Van ECK Associates Corp now owns 11,515,561 shares of the company’s stock worth $163,176,000 after purchasing an additional 6,227,747 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in NuScale Power by 22.6% in the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,310,961 shares of the company’s stock worth $263,195,000 after purchasing an additional 1,346,796 shares during the last quarter. Renaissance Technologies LLC purchased a new position in NuScale Power in the first quarter worth $59,141,000. Finally, Morgan Stanley boosted its position in NuScale Power by 81.0% in the fourth quarter. Morgan Stanley now owns 5,277,905 shares of the company’s stock worth $74,788,000 after purchasing an additional 2,361,532 shares during 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.