NuScale Power (NYSE:SMR) Trading Down 6.3% – What’s Next?

NuScale Power Corporation (NYSE:SMR)’s share price traded down 6.3% on Tuesday . The company traded as low as $18.89 and last traded at $18.9160. 27,292,142 shares traded hands during mid-day trading, a decline of 20% from the average session volume of 34,271,422 shares. The stock had previously closed at $20.19.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on SMR shares. Weiss Ratings reissued a “sell (d-)” rating on shares of NuScale Power in a report on Monday, December 29th. B. Riley decreased their target price on shares of NuScale Power from $38.00 to $24.00 and set a “buy” rating for the company in a research note on Monday, December 22nd. Citigroup reissued a “sell” rating and issued a $37.50 price objective (down from $46.00) on shares of NuScale Power in a report on Tuesday, October 21st. Royal Bank Of Canada set a $21.00 target price on shares of NuScale Power in a research note on Tuesday. Finally, Bank of America raised NuScale Power from an “underperform” rating to a “neutral” rating and set a $28.00 price objective for the company in a research note on Friday, January 9th. Four equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and four have issued a Sell rating to the company. According to MarketBeat.com, NuScale Power currently has a consensus rating of “Hold” and an average target price of $33.96.

NuScale Power Stock Performance

The business’s 50 day moving average price is $19.00 and its 200-day moving average price is $32.56. The firm has a market capitalization of $5.65 billion, a PE ratio of -6.61 and a beta of 2.12.

NuScale Power (NYSE:SMR) last released its quarterly earnings results on Thursday, November 6th. The company reported ($1.85) EPS for the quarter, missing the consensus estimate of ($0.11) by ($1.74). NuScale Power had a negative return on equity of 51.27% and a negative net margin of 594.63%.The firm had revenue of $8.24 million for the quarter, compared to analysts’ expectations of $11.29 million. During the same quarter in the prior year, the business earned ($0.18) earnings per share. The company’s quarterly revenue was up 1635.2% on a year-over-year basis. As a group, analysts anticipate that NuScale Power Corporation will post -0.73 earnings per share for the current year.

Insider Activity at NuScale Power

In other NuScale Power news, CFO Robert Ramsey Hamady sold 40,000 shares of the business’s stock in a transaction on Monday, December 8th. The shares were sold at an average price of $22.17, for a total value of $886,800.00. Following the completion of the transaction, the chief financial officer owned 46,283 shares in the company, valued at $1,026,094.11. The trade was a 46.36% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 1.20% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On NuScale Power

Several institutional investors have recently added to or reduced their stakes in the business. Harbour Investments Inc. grew its stake in NuScale Power by 21.3% during the 2nd quarter. Harbour Investments Inc. now owns 1,156 shares of the company’s stock worth $46,000 after buying an additional 203 shares during the last quarter. D.A. Davidson & CO. grew its stake in shares of NuScale Power by 1.0% during the 2nd quarter. D.A. Davidson & CO. now owns 20,822 shares of the company’s stock worth $824,000 after purchasing an additional 212 shares during the period. Pasadena Private Wealth LLC increased its holdings in NuScale Power by 4.9% in the third quarter. Pasadena Private Wealth LLC now owns 6,147 shares of the company’s stock valued at $221,000 after buying an additional 287 shares in the last quarter. Family Capital Management Inc. grew its holdings in NuScale Power by 3.5% in the third quarter. Family Capital Management Inc. now owns 8,682 shares of the company’s stock valued at $313,000 after purchasing an additional 291 shares during the last quarter. Finally, Cibc World Market Inc. increased its holdings in NuScale Power by 3.8% during the 3rd quarter. Cibc World Market Inc. now owns 9,000 shares of the company’s stock valued at $324,000 after acquiring an additional 329 shares in the last quarter. Hedge funds and other institutional investors own 78.37% of the company’s stock.

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.