NuScale Power Co. (NYSE:SMR) General Counsel Sells $144,502.42 in Stock

NuScale Power Co. (NYSE:SMR) General Counsel Robert K. Temple sold 23,806 shares of the business’s stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $6.07, for a total value of $144,502.42. Following the transaction, the general counsel now directly owns 19,054 shares in the company, valued at $115,657.78. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

NuScale Power Stock Performance

Shares of NYSE SMR opened at $5.86 on Thursday. NuScale Power Co. has a 52 week low of $1.81 and a 52 week high of $11.21. The stock’s fifty day moving average is $5.50 and its 200 day moving average is $3.79. The stock has a market capitalization of $1.37 billion, a P/E ratio of -7.32 and a beta of 0.98.

NuScale Power (NYSE:SMR) last issued its quarterly earnings results on Thursday, March 14th. The company reported ($0.25) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.22) by ($0.03). NuScale Power had a negative return on equity of 29.93% and a negative net margin of 255.86%. The firm had revenue of $4.56 million for the quarter, compared to the consensus estimate of $1.75 million. Equities research analysts forecast that NuScale Power Co. will post -0.64 earnings per share for the current year.

Hedge Funds Weigh In On NuScale Power

Hedge funds and other institutional investors have recently modified their holdings of the business. Mirae Asset Global Investments Co. Ltd. raised its stake in NuScale Power by 54.2% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,219,262 shares of the company’s stock worth $15,774,000 after acquiring an additional 1,132,131 shares in the last quarter. FMR LLC lifted its stake in NuScale Power by 11.2% in the 3rd quarter. FMR LLC now owns 2,983,460 shares of the company’s stock valued at $14,619,000 after purchasing an additional 301,548 shares during the last quarter. Rheos Capital Works Inc. acquired a new stake in NuScale Power in the first quarter valued at approximately $1,328,000. Vanguard Group Inc. increased its holdings in shares of NuScale Power by 3.8% during the third quarter. Vanguard Group Inc. now owns 5,536,389 shares of the company’s stock worth $27,128,000 after buying an additional 204,505 shares in the last quarter. Finally, Quadrature Capital Ltd acquired a new position in NuScale Power in the 4th quarter worth about $417,000. Institutional investors own 15.28% of the company’s stock.

Analysts Set New Price Targets

SMR has been the topic of several research analyst reports. UBS Group increased their price objective on shares of NuScale Power from $2.00 to $10.00 and gave the company a “neutral” rating in a research report on Tuesday, March 19th. Canaccord Genuity Group raised their price objective on shares of NuScale Power from $4.25 to $8.00 and gave the stock a “buy” rating in a research report on Monday, March 18th. Canaccord Genuity Group started coverage on NuScale Power in a research report on Monday, January 29th. They issued a “buy” rating and a $4.25 target price on the stock. Finally, Wells Fargo & Company reissued an “underweight” rating and set a $4.50 target price (down previously from $7.50) on shares of NuScale Power in a report on Tuesday, March 19th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $7.75.

NuScale Power Company Profile

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.