NuScale Power (NYSE:SMR) Trading 1.1% Higher – Here’s What Happened

NuScale Power Corporation (NYSE:SMR)’s stock price shot up 1.1% during trading on Thursday . The stock traded as high as $9.87 and last traded at $9.4840. Approximately 33,249,100 shares changed hands during trading, an increase of 9% from the average daily volume of 30,469,330 shares. The stock had previously closed at $9.38.

NuScale Power News Roundup

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

• Positive Sentiment: Management highlighted ongoing discussions with the Tennessee Valley Authority and said NuScale is prepared for near-term deployment, citing approved reactor designs, available fuel, established suppliers and approximately $1.9 billion in liquidity. These factors could reduce execution and financing risks as potential projects advance. SMR Q2 Earnings Call Focuses on TVA and Deployment Readiness
• Positive Sentiment: NuScale, Curio and Framatome signed a strategic memorandum of understanding to evaluate fuel recycling, fuel manufacturing and other next-generation nuclear-fuel-cycle technologies. The agreement strengthens NuScale’s industry partnerships and could support future reactor deployments, although it is not yet a binding commercial contract. Curio, NuScale Power, and Framatome Sign Strategic MOU
• Neutral Sentiment: Second-quarter adjusted results were broadly as expected on the bottom line: NuScale reported a loss of $0.13 per share, matching consensus estimates. This removes an immediate EPS surprise but does not resolve the company’s lack of meaningful commercial revenue. NuScale Power Corporation Reports Q2 Loss
• Negative Sentiment: Revenue was only about $0.08 million, versus roughly $8.8 million expected, and plunged 99.1% year over year. NuScale also remains deeply unprofitable, which highlights the substantial time and execution risk before reactor deployments generate recurring revenue. NuScale Stock After Q2 Revenue Miss

Wall Street Analyst Weigh In

Several brokerages recently weighed in on SMR. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of NuScale Power in a research report on Wednesday, June 24th. Truist Financial initiated coverage on NuScale Power in a research note on Monday, July 13th. They issued a “hold” rating and a $10.00 price objective for the company. Citigroup dropped their target price on NuScale Power from $7.50 to $6.50 and set a “sell” rating on the stock in a report on Thursday. Northland Securities set a $16.00 price target on NuScale Power in a report on Thursday. Finally, B. Riley Financial lowered their price target on NuScale Power from $24.00 to $19.00 and set a “buy” rating for the company in a research report on Friday, April 24th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, nine have given a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $14.88.

NuScale Power Trading Up 1.1%

The company has a market capitalization of $3.47 billion, a P/E ratio of -3.25 and a beta of 2.26. The stock’s fifty day moving average is $9.81 and its 200 day moving average is $12.02.

NuScale Power (NYSE:SMR) last released its earnings results on Wednesday, August 5th. The company reported ($0.13) EPS for the quarter, hitting analysts’ consensus estimates of ($0.13). NuScale Power had a negative return on equity of 48.88% and a negative net margin of 2,066.55%.The firm had revenue of $0.07 million for the quarter, compared to analysts’ expectations of $8.80 million. During the same period in the prior year, the firm posted ($0.11) earnings per share. The company’s quarterly revenue was down 99.1% on a year-over-year basis. On average, analysts expect that NuScale Power Corporation will post -0.46 EPS for the current fiscal year.

Insider Activity at NuScale Power

In other news, COO Carl M. Fisher sold 18,771 shares of the business’s stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $9.36, for a total transaction of $175,696.56. Following the completion of the transaction, the chief operating officer directly owned 114,718 shares of the company’s stock, valued at $1,073,760.48. The trade was a 14.06% 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 1.28% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On NuScale Power

Institutional investors and hedge funds have recently made changes to their positions in the business. Harbour Investments Inc. raised its position in NuScale Power by 32.4% in the fourth quarter. Harbour Investments Inc. now owns 2,419 shares of the company’s stock valued at $34,000 after purchasing an additional 592 shares during the period. Arax Advisory Partners increased its position in shares of NuScale Power by 26.0% in the 4th quarter. Arax Advisory Partners now owns 3,739 shares of the company’s stock worth $53,000 after purchasing an additional 772 shares during the last quarter. Newbridge Financial Services Group Inc. increased its holdings in NuScale Power by 7.7% in the third quarter. Newbridge Financial Services Group Inc. now owns 14,270 shares of the company’s stock valued at $514,000 after buying an additional 1,015 shares during the last quarter. Triumph Capital Management acquired a new stake in NuScale Power during the third quarter valued at approximately $37,000. Finally, Parallel Advisors LLC increased its holdings in shares of NuScale Power by 1.8% in the 1st quarter. Parallel Advisors LLC now owns 59,898 shares of the company’s stock valued at $649,000 after acquiring an additional 1,053 shares during the last quarter. 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.