NuScale Power (NYSE:SMR) Shares Down 2.5% – What’s Next?

NuScale Power Corporation (NYSE:SMR) shares were down 2.5% during mid-day trading on Monday . The company traded as low as $14.29 and last traded at $14.4850. Approximately 25,911,719 shares traded hands during trading, an increase of 69% from the average daily volume of 15,353,233 shares. The stock had previously closed at $14.85.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on SMR shares. BNP Paribas lowered shares of NuScale Power from a “hold” rating to a “strong sell” rating in a research note on Tuesday, October 21st. Citigroup reaffirmed a “sell” rating and issued a $37.50 price target (down from $46.00) on shares of NuScale Power in a report on Tuesday, October 21st. The Goldman Sachs Group reduced their price objective on NuScale Power from $27.00 to $23.00 and set a “neutral” rating for the company in a research note on Friday, December 12th. Zacks Research upgraded NuScale Power from a “strong sell” rating to a “hold” rating in a research note on Monday, December 22nd. Finally, Wall Street Zen lowered NuScale Power from a “hold” rating to a “sell” rating in a report on Saturday, November 8th. Four research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and five have issued a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Reduce” and an average target price of $35.18.

NuScale Power Stock Down 2.5%

The firm has a market capitalization of $4.32 billion, a PE ratio of -5.06 and a beta of 2.09. The stock has a 50-day moving average price of $25.40 and a 200 day moving average price of $34.88.

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

Insider Transactions at NuScale Power

In other news, Director Corp Fluor sold 87,900 shares of the firm’s stock in a transaction dated Wednesday, October 8th. The shares were sold at an average price of $39.58, for a total value of $3,479,082.00. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CFO Robert Ramsey Hamady sold 40,000 shares of the company’s stock in a transaction dated Monday, December 8th. The shares were sold at an average price of $22.17, for a total transaction of $886,800.00. Following the sale, the chief financial officer directly owned 46,283 shares of the company’s stock, valued at approximately $1,026,094.11. This represents a 46.36% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 4,905,687 shares of company stock valued at $191,870,567 over the last quarter. Company insiders own 1.20% of the company’s stock.

Hedge Funds Weigh In On NuScale Power

Institutional investors have recently added to or reduced their stakes in the stock. Clear Street Group Inc. purchased a new stake in NuScale Power in the 3rd quarter valued at $155,616,000. Samsung C&T Corp boosted its position in shares of NuScale Power by 98.9% during the 3rd quarter. Samsung C&T Corp now owns 5,185,804 shares of the company’s stock valued at $186,689,000 after acquiring an additional 2,578,702 shares during the last quarter. Van ECK Associates Corp grew its holdings in shares of NuScale Power by 67.2% in the third quarter. Van ECK Associates Corp now owns 5,287,814 shares of the company’s stock valued at $190,362,000 after purchasing an additional 2,125,250 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in NuScale Power by 1,220.7% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,845,116 shares of the company’s stock worth $26,127,000 after purchasing an additional 1,705,411 shares during the last quarter. Finally, Alyeska Investment Group L.P. purchased a new position in NuScale Power during the third quarter worth about $51,985,000. Hedge funds and other institutional investors own 78.37% of the company’s stock.

About NuScale Power

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.