NuScale Power (NYSE:SMR) Shares Down 1.1% – Should You Sell?

NuScale Power Corporation (NYSE:SMRGet Free Report) traded down 1.1% on Tuesday . The stock traded as low as $12.00 and last traded at $12.0320. 17,108,584 shares were traded during trading, a decline of 38% from the average session volume of 27,759,543 shares. The stock had previously closed at $12.16.

NuScale Power News Summary

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

Analyst Ratings Changes

SMR has been the subject of several recent analyst reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of NuScale Power in a research note on Monday, December 29th. Canaccord Genuity Group reduced their target price on NuScale Power from $60.00 to $25.00 and set a “buy” rating for the company in a report on Friday, February 27th. Bank of America upgraded NuScale Power from an “underperform” rating to a “neutral” rating and set a $28.00 price target on the stock in a report on Friday, January 9th. Zacks Research raised shares of NuScale Power from a “strong sell” rating to a “hold” rating in a research report on Friday, February 20th. Finally, UBS Group set a $20.00 price objective on shares of NuScale Power in a research note on Tuesday, November 25th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, eight have assigned a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, NuScale Power currently has a consensus rating of “Hold” and an average price target of $21.42.

Check Out Our Latest Analysis on SMR

NuScale Power Trading Down 1.1%

The firm has a market cap of $3.59 billion, a price-to-earnings ratio of -4.16 and a beta of 2.20. The firm has a 50-day moving average of $16.39 and a two-hundred day moving average of $26.05.

NuScale Power (NYSE:SMRGet Free Report) last issued its quarterly earnings results on Thursday, February 26th. The company reported ($0.80) EPS for the quarter, missing the consensus estimate of ($0.10) by ($0.70). NuScale Power had a negative return on equity of 55.23% and a negative net margin of 1,130.26%.The business had revenue of $1.81 million during the quarter, compared to the consensus estimate of $8.76 million. As a group, equities analysts anticipate that NuScale Power Corporation will post -0.73 EPS for the current year.

Insider Buying and Selling at NuScale Power

In other NuScale Power news, CTO Jose N. Reyes, Jr. sold 25,951 shares of the firm’s stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $12.22, for a total value of $317,121.22. Following the sale, the chief technology officer directly owned 268,081 shares in the company, valued at $3,275,949.82. This trade represents a 8.83% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Corp Fluor sold 463,747 shares of the business’s stock in a transaction dated Thursday, February 26th. The stock was sold at an average price of $13.15, for a total transaction of $6,098,273.05. Following the transaction, the director owned 39,936,472 shares in the company, valued at approximately $525,164,606.80. The trade was a 1.15% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 635,610 shares of company stock valued at $8,198,439 in the last three months. 1.20% of the stock is owned by insiders.

Institutional Investors Weigh In On NuScale Power

Institutional investors have recently added to or reduced their stakes in the company. Van ECK Associates Corp raised its holdings in NuScale Power by 117.8% in the 4th quarter. Van ECK Associates Corp now owns 11,515,561 shares of the company’s stock valued at $163,176,000 after acquiring an additional 6,227,747 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of NuScale Power by 40.5% during the 4th quarter. Vanguard Group Inc. now owns 15,545,018 shares of the company’s stock worth $220,273,000 after purchasing an additional 4,482,254 shares in the last quarter. Clear Street Group Inc. bought a new stake in shares of NuScale Power during the third quarter valued at approximately $155,616,000. Voloridge Investment Management LLC bought a new stake in shares of NuScale Power during the fourth quarter valued at approximately $48,993,000. Finally, Samsung C&T Corp raised its stake in shares of NuScale Power by 98.9% in the third quarter. Samsung C&T Corp now owns 5,185,804 shares of the company’s stock valued at $186,689,000 after purchasing an additional 2,578,702 shares in the last quarter. 78.37% of the stock is owned by institutional investors and hedge funds.

NuScale Power Company Profile

(Get Free Report)

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.

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