NuScale Power (NYSE:SMR) Shares Down 5.6% – What’s Next?

Shares of NuScale Power Corporation (NYSE:SMR) dropped 5.6% during trading on Thursday . The stock traded as low as $10.10 and last traded at $10.2070. Approximately 22,939,635 shares changed hands during trading, a decline of 25% from the average daily volume of 30,785,109 shares. The stock had previously closed at $10.81.

NuScale Power News Roundup

Here are the key news stories impacting NuScale Power this week:

• Positive Sentiment: NuScale remains positioned to benefit from continued investor interest in advanced nuclear power and small modular reactors. Recent sector momentum has previously lifted SMR and other nuclear stocks, although that support has weakened in the latest sessions. NuScale Power Stock Jumps as Nuclear Sector Gains Momentum
• Neutral Sentiment: Investors are comparing NuScale with larger or more established nuclear companies, including BWX Technologies. That comparison highlights SMR’s higher execution risk but does not represent a direct change to NuScale’s business outlook. Nuclear Energy Stock Comparison
• Negative Sentiment: UBS downgraded SMR to Sell from Neutral and reduced its price target to $6 from $10, implying substantial downside from the prior close. UBS reportedly sees roughly a $95 million EBITDA gap and questioned whether NuScale can meet its projected build timeline. UBS Downgrades NuScale and Sees EBITDA Gap
• Negative Sentiment: The bearish thesis also points to a lack of firm customer commitments and continued cash-burn risk. Those concerns are amplified by NuScale’s very limited reported quarterly revenue, sharply lower year-over-year sales, and ongoing losses, making future project awards and financing milestones especially important to investors. Concerns About NuScale Build Timeline and Customer Commitments

Analysts Set New Price Targets

A number of analysts have recently weighed in on SMR shares. Northland Securities set a $16.00 target price on shares of NuScale Power in a report on Thursday, August 6th. Royal Bank Of Canada dropped their price target on NuScale Power from $14.00 to $10.00 and set a “sector perform” rating for the company in a research report on Tuesday, August 11th. Truist Financial started coverage on NuScale Power in a research note on Monday, July 13th. They set a “hold” rating and a $10.00 price objective on the stock. Barclays decreased their price objective on NuScale Power from $15.00 to $11.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 22nd. Finally, B. Riley Financial lowered their price objective on NuScale Power from $19.00 to $15.00 and set a “buy” rating for the company in a research note on Friday, August 14th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, eight have issued a Hold rating and four have given a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $12.96.

NuScale Power Price Performance

The firm has a market cap of $3.69 billion, a P/E ratio of -2.94 and a beta of 2.30. The stock’s 50-day simple moving average is $9.12 and its two-hundred day simple moving average is $10.62.

NuScale Power (NYSE:SMR) last released its earnings results on Wednesday, August 5th. The company reported ($0.13) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.13). NuScale Power had a negative net margin of 3,888.70% and a negative return on equity of 35.59%. The firm had revenue of $0.07 million during the quarter, compared to analyst estimates of $8.80 million. During the same quarter last year, the business earned ($0.11) EPS. The business’s revenue was down 99.1% on a year-over-year basis. As a group, sell-side analysts expect that NuScale Power Corporation will post -0.64 earnings per share for the current year.

Insiders Place Their Bets

In other NuScale Power news, Director Shinji Fujino sold 20,000 shares of the firm’s stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $8.86, for a total value of $177,200.00. Following the completion of the sale, the director owned 17,242 shares of the company’s stock, valued at $152,764.12. This trade represents a 53.70% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Robert Hamady sold 29,880 shares of the business’s stock in a transaction that occurred on Thursday, August 27th. The shares were sold at an average price of $9.39, for a total value of $280,573.20. Following the transaction, the chief financial officer owned 124,235 shares of the company’s stock, valued at $1,166,566.65. This trade represents a 19.39% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 68,651 shares of company stock valued at $633,470 over the last 90 days. Insiders own 1.28% of the company’s stock.

Hedge Funds Weigh In On NuScale Power

A number of large investors have recently bought and sold shares of the business. Triumph Capital Management bought a new stake in shares of NuScale Power during the third quarter worth $37,000. EverSource Wealth Advisors LLC boosted its stake in shares of NuScale Power by 187.6% during the second quarter. EverSource Wealth Advisors LLC now owns 1,694 shares of the company’s stock valued at $67,000 after purchasing an additional 1,105 shares during the period. Ancora Advisors LLC grew its holdings in shares of NuScale Power by 177,500.0% in the third quarter. Ancora Advisors LLC now owns 1,776 shares of the company’s stock worth $64,000 after purchasing an additional 1,775 shares during the last quarter. Vermillion & White Wealth Management Group LLC grew its holdings in shares of NuScale Power by 1,550.9% in the fourth quarter. Vermillion & White Wealth Management Group LLC now owns 1,783 shares of the company’s stock worth $25,000 after purchasing an additional 1,675 shares during the last quarter. Finally, Monimus Capital Management LP purchased a new position in NuScale Power in the 2nd quarter worth about $72,000. Hedge funds and other institutional investors own 78.37% of the company’s stock.

About NuScale Power

NuScale Power Corporation develops small modular reactor (SMR) technology for the generation of carbon-free electricity and other energy applications. Its proprietary NuScale Power Module is a compact, factory-fabricated pressurized water reactor designed to be deployed individually or in multi-module configurations. The company’s technology is intended to support electric utilities, industrial users, and other customers seeking scalable alternatives for reliable power generation.

NuScale offers its reactor technology through the VOYGR power plant platform, along with engineering, licensing, project development, and deployment support.