NuScale Power (NYSE:SMR) Stock Price Up 15.4% – What’s Next?

NuScale Power Corporation (NYSE:SMR) shot up 15.4% during trading on Tuesday . The company traded as high as $11.37 and last traded at $11.1930. 53,635,028 shares changed hands during trading, an increase of 74% from the average daily volume of 30,830,277 shares. The stock had previously closed at $9.70.

Key Headlines Impacting NuScale Power

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

• Positive Sentiment: NuScale’s approximately $1.9 billion cash position provides financial flexibility to fund operations and advance its small modular reactor technology while it works toward commercial deployment. NuScale Is Already Down 70%. Here’s the Price I’d Actually Start Buying.
• Positive Sentiment: NuScale shares rallied recently as broader investor interest in nuclear energy increased, indicating that sector momentum and enthusiasm around future nuclear power demand can still support SMR. NuScale Power Stock Jumps 15% as Nuclear Sector Gains Momentum
• Neutral Sentiment: Unusually heavy options activity included 137,306 purchased call options, roughly 138% above average. The activity may reflect bullish speculation, but it does not guarantee sustained buying in the shares. NuScale Power Sees Unusually High Options Volume
• Negative Sentiment: Piper Sandler’s sector view appears to have divided advanced-nuclear stocks, with NuScale, Oklo and X-Energy moving lower together. The action is weighing on SMR by raising questions about relative valuations and company-specific execution prospects. Nuclear Stocks Slide as Piper Sandler Splits the Sector
• Negative Sentiment: Analyst comparisons have favored Oklo over NuScale, potentially diverting investor capital from SMR. NuScale’s investment case also hinges on a major commercial catalyst, while its weak operating results and minimal revenue increase execution risk. NuScale Stock vs. Oklo Stock NuScale Power: One Catalyst That Will Make or Break This Nuclear Stock

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of NuScale Power in a research report on Wednesday, June 24th. Royal Bank Of Canada cut their price objective on shares of NuScale Power from $14.00 to $10.00 and set a “sector perform” rating on the stock in a report on Tuesday, August 11th. Citigroup reduced their price objective on shares of NuScale Power from $7.50 to $6.50 and set a “sell” rating for the company in a research note on Thursday, August 6th. Northland Securities set a $16.00 target price on NuScale Power in a research report on Thursday, August 6th. Finally, Bank of America initiated coverage on NuScale Power in a report on Friday, May 22nd. They issued a “neutral” rating and a $12.00 price target on the stock. One 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 stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $13.50.

NuScale Power Price Performance

The stock’s 50-day moving average is $9.13 and its 200 day moving average is $10.65. The company has a market cap of $4.39 billion, a PE ratio of -3.50 and a beta of 2.30.

NuScale Power (NYSE:SMR) last released its quarterly 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). The business had revenue of $0.07 million for the quarter, compared to analyst estimates of $8.80 million. NuScale Power had a negative net margin of 3,888.70% and a negative return on equity of 35.59%. The business’s revenue for the quarter was down 99.1% on a year-over-year basis. During the same period in the previous year, the company earned ($0.11) earnings per share. On average, analysts expect that NuScale Power Corporation will post -0.64 EPS for the current year.

Insider Buying and Selling at NuScale Power

In other news, Director Shinji Fujino sold 20,000 shares of the business’s stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $8.86, for a total transaction of $177,200.00. Following the sale, the director owned 17,242 shares in the company, valued at approximately $152,764.12. The trade was a 53.70% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Carl M. Fisher sold 18,771 shares of the company’s stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $9.36, for a total transaction of $175,696.56. Following the transaction, the chief operating officer owned 114,718 shares in the company, valued at approximately $1,073,760.48. This trade represents a 14.06% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last ninety days, insiders sold 68,651 shares of company stock worth $633,470. 1.28% of the stock is owned by insiders.

Institutional Trading of NuScale Power

A number of institutional investors have recently bought and sold shares of the stock. Renaissance Technologies LLC purchased a new stake in NuScale Power in the first quarter valued at approximately $59,141,000. Bank of America Corp DE raised its position in NuScale Power by 33.4% during the 1st quarter. Bank of America Corp DE now owns 2,062,232 shares of the company’s stock worth $22,355,000 after buying an additional 516,097 shares during the last quarter. Swedbank AB raised its position in NuScale Power by 36.3% during the 1st quarter. Swedbank AB now owns 1,502,300 shares of the company’s stock worth $16,285,000 after buying an additional 400,240 shares during the last quarter. Caz Investments LP lifted its stake in NuScale Power by 10,000.0% during the 4th quarter. Caz Investments LP now owns 101,000 shares of the company’s stock valued at $1,431,000 after acquiring an additional 100,000 shares during the period. Finally, Seven Grand Managers LLC purchased a new stake in shares of NuScale Power in the 4th quarter valued at $1,771,000. 78.37% of the stock is currently owned by institutional investors and hedge funds.

NuScale Power Company Profile

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.