NuScale Power (NYSE:SMR) Shares Down 15.9% – Should You Sell?

NuScale Power Corporation (NYSE:SMR) shares were down 15.9% on Friday . The company traded as low as $8.57 and last traded at $8.5850. Approximately 91,886,647 shares were traded during trading, an increase of 196% from the average session volume of 31,087,369 shares. The stock had previously closed at $10.21.

Key NuScale Power News

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

Wall Street Analysts Forecast Growth

SMR has been the subject of a number of recent analyst reports. Truist Financial initiated coverage on NuScale Power in a research note on Monday, July 13th. They set a “hold” rating and a $10.00 price objective for the company. Canaccord Genuity Group cut their target price on NuScale Power from $25.00 to $15.00 and set a “buy” rating on the stock in a research report on Thursday, August 6th. Barclays decreased their price target on shares of NuScale Power from $15.00 to $11.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 22nd. UBS Group lowered shares of NuScale Power from a “neutral” rating to a “sell” rating and dropped their price target for the stock from $10.00 to $6.00 in a research note on Friday. Finally, Citigroup reduced their price objective on shares of NuScale Power from $7.50 to $6.50 and set a “sell” rating on the stock in a research note on Thursday, August 6th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, eight have given a Hold rating and four have given a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $12.96.

NuScale Power Price Performance

The company has a fifty day moving average of $9.12 and a two-hundred day moving average of $10.62. The stock has a market capitalization of $3.69 billion, a P/E ratio of -2.94 and a beta of 2.30.

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

Insider Buying and Selling at NuScale Power

In other NuScale Power news, Director Shinji Fujino sold 20,000 shares of the stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $8.86, for a total transaction of $177,200.00. Following the sale, the director directly owned 17,242 shares of the company’s stock, valued at approximately $152,764.12. This 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 the SEC website. Also, CFO Robert Hamady sold 29,880 shares of the firm’s stock in a transaction dated Thursday, August 27th. The stock was sold at an average price of $9.39, for a total transaction of $280,573.20. Following the completion of the transaction, the chief financial officer owned 124,235 shares in the company, valued at approximately $1,166,566.65. The trade was a 19.39% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 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 worth $633,470 over the last 90 days. Insiders own 1.28% of the company’s stock.

Hedge Funds Weigh In On NuScale Power

Several institutional investors have recently made changes to their positions in SMR. Renaissance Technologies LLC bought a new stake in NuScale Power in the first quarter valued at $59,141,000. Bank of America Corp DE grew its position in shares of NuScale Power by 33.4% during the first quarter. Bank of America Corp DE now owns 2,062,232 shares of the company’s stock worth $22,355,000 after acquiring an additional 516,097 shares during the last quarter. Swedbank AB grew its position in shares of NuScale Power by 36.3% during the first quarter. Swedbank AB now owns 1,502,300 shares of the company’s stock worth $16,285,000 after acquiring an additional 400,240 shares during the last quarter. Caz Investments LP increased its holdings in shares of NuScale Power by 10,000.0% in the 4th quarter. Caz Investments LP now owns 101,000 shares of the company’s stock worth $1,431,000 after acquiring an additional 100,000 shares during the period. Finally, Seven Grand Managers LLC acquired a new stake in shares of NuScale Power in the 4th quarter worth about $1,771,000. 78.37% of the stock is owned by institutional investors.

NuScale Power Company Profile

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.