NuScale Power (NYSE:SMR) Director Corp Fluor Sells 697,210 Shares of Stock

NuScale Power Corporation (NYSE:SMR) Director Corp Fluor sold 697,210 shares of the stock in a transaction on Monday, September 29th. The shares were sold at an average price of $38.95, for a total transaction of $27,156,329.50. Following the completion of the transaction, the director directly owned 4,865,687 shares in the company, valued at $189,518,508.65. This trade represents a 12.53% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Corp Fluor also recently made the following trade(s):

• On Wednesday, October 1st, Corp Fluor sold 532,354 shares of NuScale Power stock. The shares were sold at an average price of $36.52, for a total transaction of $19,441,568.08.
• On Tuesday, September 30th, Corp Fluor sold 909,055 shares of NuScale Power stock. The shares were sold at an average price of $36.72, for a total transaction of $33,380,499.60.
• On Friday, September 26th, Corp Fluor sold 588,720 shares of NuScale Power stock. The shares were sold at an average price of $37.97, for a total transaction of $22,353,698.40.
• On Thursday, September 25th, Corp Fluor sold 965,049 shares of NuScale Power stock. The stock was sold at an average price of $37.67, for a total transaction of $36,353,395.83.
• On Wednesday, September 24th, Corp Fluor sold 773,921 shares of NuScale Power stock. The stock was sold at an average price of $40.49, for a total transaction of $31,336,061.29.
• On Tuesday, September 23rd, Corp Fluor sold 981,688 shares of NuScale Power stock. The stock was sold at an average price of $42.69, for a total transaction of $41,908,260.72.
• On Monday, September 22nd, Corp Fluor sold 1,213,069 shares of NuScale Power stock. The stock was sold at an average price of $44.84, for a total transaction of $54,394,013.96.
• On Friday, September 19th, Corp Fluor sold 2,372,563 shares of NuScale Power stock. The stock was sold at an average price of $43.99, for a total transaction of $104,369,046.37.
• On Thursday, September 18th, Corp Fluor sold 1,193,504 shares of NuScale Power stock. The stock was sold at an average price of $38.95, for a total transaction of $46,486,980.80.
• On Wednesday, September 17th, Corp Fluor sold 577,046 shares of NuScale Power stock. The stock was sold at an average price of $36.00, for a total transaction of $20,773,656.00.

NuScale Power Stock Performance

Shares of NuScale Power stock opened at $36.66 on Thursday. NuScale Power Corporation has a 1 year low of $11.08 and a 1 year high of $53.50. The company has a market capitalization of $10.44 billion, a P/E ratio of -30.81 and a beta of 2.02. The company’s fifty day moving average is $39.34 and its two-hundred day moving average is $31.16.

NuScale Power (NYSE:SMR) last issued its quarterly earnings data on Thursday, August 7th. The company reported ($0.13) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.12) by ($0.01). NuScale Power had a positive return on equity of 2.61% and a negative net margin of 221.07%.The business had revenue of $8.05 million for the quarter, compared to analysts’ expectations of $10.49 million. As a group, equities analysts expect that NuScale Power Corporation will post -0.73 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms have recently commented on SMR. Royal Bank Of Canada began coverage on shares of NuScale Power in a research note on Monday, September 15th. They issued a “sector perform” rating and a $35.00 target price for the company. BNP Paribas upgraded shares of NuScale Power to a “hold” rating in a research note on Friday, July 25th. Northland Capmk upgraded shares of NuScale Power to a “hold” rating in a research note on Monday, July 7th. Northland Securities began coverage on shares of NuScale Power in a research note on Monday, July 7th. They issued a “market perform” rating and a $35.00 target price for the company. Finally, BNP Paribas Exane began coverage on shares of NuScale Power in a research note on Friday, July 25th. They issued a “neutral” rating and a $41.00 target price for the company. Three research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, NuScale Power has an average rating of “Hold” and an average price target of $36.67.

Institutional Trading of NuScale Power

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Harbour Investments Inc. raised its position in NuScale Power by 21.3% during the second quarter. Harbour Investments Inc. now owns 1,156 shares of the company’s stock worth $46,000 after acquiring an additional 203 shares during the last quarter. D.A. Davidson & CO. raised its position in shares of NuScale Power by 1.0% in the second quarter. D.A. Davidson & CO. now owns 20,822 shares of the company’s stock valued at $824,000 after buying an additional 212 shares during the last quarter. TD Waterhouse Canada Inc. raised its position in shares of NuScale Power by 14.8% in the second quarter. TD Waterhouse Canada Inc. now owns 2,641 shares of the company’s stock valued at $95,000 after buying an additional 341 shares during the last quarter. Rothschild Investment LLC raised its position in shares of NuScale Power by 45.2% in the second quarter. Rothschild Investment LLC now owns 1,125 shares of the company’s stock valued at $45,000 after buying an additional 350 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. raised its position in shares of NuScale Power by 84.5% in the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 784 shares of the company’s stock valued at $31,000 after buying an additional 359 shares during the last quarter. Institutional investors and hedge funds own 78.37% of the company’s stock.

About NuScale Power

NuScale Power Corporation engages in the development and sale of modular light water reactor nuclear power plants to supply energy for electrical generation, district heating, desalination, hydrogen production, and other process heat applications. It offers NuScale Power Module (NPM), a water reactor that can generate 77 megawatts of electricity (MWe); and VOYGR power plant designs for three facility sizes that are capable of housing from one to four and six or twelve NPMs.