NuScale Power (NYSE:SMR) Stock Gets Price Target Trim from Citigroup

NuScale Power (NYSE:SMR) had its price objective cut by equities research analysts at Citigroup from $4.00 to $3.50 in a research report issued on Friday, Benzinga reports. The brokerage currently has a “sell” rating on the stock. Citigroup‘s price objective indicates a potential downside of 30.10% from the company’s current price.

Several other analysts also recently commented on the company. Truist Financial dropped their price objective on NuScale Power from $10.00 to $8.00 and set a “hold” rating on the stock in a research note on Thursday, October 22nd. UBS Group cut NuScale Power from a “neutral” rating to a “sell” rating and decreased their target price for the company from $10.00 to $6.00 in a research note on Friday, September 11th. Weiss Ratings restated a “sell (d-)” rating on shares of NuScale Power in a report on Monday, September 21st. Wedbush initiated coverage on NuScale Power in a research report on Tuesday. They set an “underperform” rating and a $5.00 price target on the stock. Finally, The Goldman Sachs Group reaffirmed a “neutral” rating and set a $4.00 price target on shares of NuScale Power in a research report on Friday. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, seven have given a Hold rating and five have issued a Sell rating to the stock. Based on data from MarketBeat, NuScale Power presently has an average rating of “Hold” and a consensus target price of $8.73.

NuScale Power Stock Up 14.6%

NYSE SMR traded up $0.64 during trading on Friday, reaching $5.01. 40,642,465 shares of the stock traded hands, compared to its average volume of 31,532,557. NuScale Power has a fifty-two week low of $4.28 and a fifty-two week high of $32.09. The firm has a market cap of $2.15 billion, a price-to-earnings ratio of -1.71 and a beta of 2.42. The stock’s 50-day moving average price is $7.54 and its 200 day moving average price is $10.63.

NuScale Power (NYSE:SMR) last announced its quarterly earnings results on Thursday, November 5th. The company reported ($0.11) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.01. NuScale Power had a negative net margin of 3,888.70% and a negative return on equity of 35.59%. The company had revenue of $0.28 million for the quarter, compared to analysts’ expectations of $3.66 million. During the same period last year, the firm posted ($1.85) earnings per share. The business’s quarterly revenue was down 96.6% compared to the same quarter last year. Analysts anticipate that NuScale Power will post -0.59 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director Shinji Fujino sold 20,000 shares of NuScale Power stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $8.86, for a total value of $177,200.00. Following the sale, the director directly owned 17,242 shares in the company, valued at $152,764.12. This trade represents a 53.70% decrease in their ownership of the stock. The transaction 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 stock in a transaction on Thursday, August 27th. The stock was sold at an average price of $9.39, for a total transaction 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. The trade was a 19.39% 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. In the last ninety days, insiders have sold 69,880 shares of company stock valued at $615,573. Insiders own 1.28% of the company’s stock.

Institutional Investors Weigh In On NuScale Power

Several institutional investors and hedge funds have recently added to or reduced their stakes in SMR. Assetmark Inc. grew its holdings in shares of NuScale Power by 1,940.3% in the 1st quarter. Assetmark Inc. now owns 2,428 shares of the company’s stock valued at $26,000 after acquiring an additional 2,309 shares in the last quarter. Ameritas Advisory Services LLC acquired a new stake in shares of NuScale Power in the second quarter valued at about $27,000. GAMMA Investing LLC raised its holdings in NuScale Power by 157.5% during the third quarter. GAMMA Investing LLC now owns 3,221 shares of the company’s stock worth $25,000 after acquiring an additional 1,970 shares in the last quarter. Provenance Wealth Advisors LLC acquired a new position in NuScale Power during the third quarter worth $46,000. Finally, Nisa Investment Advisors LLC raised its position in NuScale Power by 69.6% during the third quarter. Nisa Investment Advisors LLC now owns 7,191 shares of the company’s stock worth $57,000 after acquiring an additional 2,952 shares in the last quarter. 78.37% of the stock is owned by institutional investors.

Key Stories Impacting NuScale Power

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

• Positive Sentiment: NuScale said it has moved from reactor development toward physical module manufacturing, with first-article production underway alongside Doosan Enerbility. The company highlighted $1.9 billion in liquidity; negotiations with the Tennessee Valley Authority remain important to securing commercial orders. Article: SMR Q3 Earnings Call Highlights Shift to Module Manufacturing
• Positive Sentiment: A relief rally across nuclear stocks is also providing support, with sector sentiment improving after Oklo reported a narrower-than-expected loss. Article: Nuclear stocks rebound
• Neutral Sentiment: Analyst views remain mixed: Cantor Fitzgerald lowered its target to $15 but kept an Overweight rating, while other firms also reduced their targets. Article: Cantor Fitzgerald price-target update
• Negative Sentiment: Third-quarter revenue was just $0.28 million versus analysts’ $3.66 million estimate, down 96.6% year over year. The $0.11-per-share loss was slightly better than expected, but the revenue shortfall underscores that commercialization has yet to translate into meaningful sales. Article: NuScale Q3 earnings results
• Negative Sentiment: Royal Bank of Canada cut its target from $7 to $5 and assigned a Sector Perform rating, leaving limited implied upside at the cited share price. Article: RBC price-target cut

About NuScale Power

NuScale Power Corporation develops small modular reactor (SMR) technology for producing electricity and other forms of low-carbon energy. The company’s core product is the NuScale Power Module, a compact pressurized-water reactor designed to be manufactured in a factory, transported to a site and deployed in scalable configurations.

NuScale markets its technology through the VOYGR power plant platform, which can combine multiple reactor modules to meet the needs of utilities, industrial users and other customers.