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

NuScale Power Corporation (NYSE:SMR) dropped 1.1% during mid-day trading on Tuesday . The company traded as low as $8.24 and last traded at $8.4140. 34,672,372 shares changed hands during trading, an increase of 11% from the average session volume of 31,194,791 shares. The stock had previously closed at $8.51.

Key Headlines Impacting NuScale Power

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

• Positive Sentiment: Analysts expect NuScale’s losses to improve by roughly 70.5%, while the company’s regulatory progress, deployment readiness and commercial ambitions could give it an advantage as demand for small modular reactors develops. SMR Loss to Improve 70.5%: Is This Sub-$10 Stock a Bargain?
• Positive Sentiment: NuScale executives expressed optimism about advancing a framework agreement with the Tennessee Valley Authority. A firm commitment could materially improve the company’s long-term commercial outlook and validate its reactor technology. NuScale Power Is Closing In on a Deal That Could Transform the Small Modular Reactor Industry
• Neutral Sentiment: NuScale is receiving attention among nuclear stocks and is being compared with industry rivals, highlighting its potential exposure to a growing nuclear-power market but also the competitive risks facing SMR developers. Best Nuclear Stocks to Add to Your Watchlist NuScale Power and Its Rivals Head-To-Head Analysis
• Negative Sentiment: The TVA framework agreement has not yet produced revenue, underscoring that NuScale’s commercial opportunity remains dependent on financing, customer commitments and project execution. The company’s latest quarter also showed extremely low revenue relative to expectations, reinforcing investor concerns about timing. NuScale Power Is Closing In on a Deal That Could Transform the Small Modular Reactor Industry
• Negative Sentiment: One potential sell signal could emerge later this year, reflecting concern that anticipated catalysts may not arrive quickly enough to support the stock. Another potential customer is reportedly still seeking financing, adding further uncertainty to NuScale’s path to revenue. If You’re Still Holding NuScale, Here’s 1 Catalyst That Might Make You Sell NuScale Has One Overlooked Quality Worth Buying Into

Analysts Set New Price Targets

SMR has been the subject of several analyst reports. Bank of America started coverage on NuScale Power in a report on Friday, May 22nd. They issued a “neutral” rating and a $12.00 price target for the company. Truist Financial initiated coverage on NuScale Power in a research note on Monday, July 13th. They issued a “hold” rating and a $10.00 target price for the company. Barclays lowered their price target on NuScale Power from $15.00 to $11.00 and set an “equal weight” rating for the company in a report on Wednesday, July 22nd. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of NuScale Power in a research note on Wednesday, June 24th. Finally, Citigroup cut their price objective on shares of NuScale Power from $7.50 to $6.50 and set a “sell” rating on the stock in a report on Thursday, August 6th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, eight have given a Hold rating and four have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $12.96.

NuScale Power Trading Down 1.1%

The stock has a market capitalization of $3.62 billion, a P/E ratio of -2.88 and a beta of 2.30. The stock’s 50 day simple moving average is $9.09 and its 200 day simple moving average is $10.57.

NuScale Power (NYSE:SMR) last issued its earnings results on Wednesday, August 5th. The company reported ($0.13) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.13). NuScale Power had a negative net margin of 3,888.70% and a negative return on equity of 35.59%. The business had revenue of $0.07 million for the quarter, compared to analyst estimates of $8.80 million. During the same quarter in the prior year, the business posted ($0.11) EPS. The company’s revenue for the quarter was down 99.1% on a year-over-year basis. On average, sell-side analysts expect that NuScale Power Corporation will post -0.64 EPS for the current fiscal year.

Insider Activity

In other news, COO Carl Fisher sold 18,771 shares of the stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $9.36, for a total transaction of $175,696.56. Following the sale, the chief operating officer directly owned 114,718 shares in the company, valued at approximately $1,073,760.48. This represents a 14.06% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Robert Hamady sold 29,880 shares of the business’s stock in a transaction that occurred on Thursday, August 27th. The shares were sold at an average price of $9.39, for a total value 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. This represents 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. Over the last ninety days, insiders sold 68,651 shares of company stock valued at $633,470. 1.28% of the stock is currently owned by insiders.

Institutional Investors Weigh In On NuScale Power

Hedge funds have recently modified their holdings of the stock. Harbour Investments Inc. lifted its stake in NuScale Power by 32.4% during the fourth quarter. Harbour Investments Inc. now owns 2,419 shares of the company’s stock valued at $34,000 after buying an additional 592 shares in the last quarter. Parallel Advisors LLC increased its stake in 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 buying an additional 1,053 shares during the period. Concorde Asset Management LLC boosted its stake in shares of NuScale Power by 9.8% during the 1st quarter. Concorde Asset Management LLC now owns 12,390 shares of the company’s stock valued at $134,000 after buying an additional 1,110 shares during the period. Allspring Global Investments Holdings LLC increased its stake in shares of NuScale Power by 14.0% in the first quarter. Allspring Global Investments Holdings LLC now owns 11,985 shares of the company’s stock worth $123,000 after acquiring an additional 1,468 shares during the last quarter. Finally, ProShare Advisors LLC boosted its position in NuScale Power by 6.9% during the fourth quarter. ProShare Advisors LLC now owns 23,175 shares of the company’s stock valued at $328,000 after purchasing an additional 1,490 shares during the last quarter. 78.37% of the stock is owned by hedge funds and other institutional investors.

About NuScale Power

NuScale Power Corporation develops small modular reactor (SMR) technology for the generation of carbon-free electricity and other energy applications. Its proprietary NuScale Power Module is a compact, factory-fabricated pressurized water reactor designed to be deployed individually or in multi-module configurations. The company’s technology is intended to support electric utilities, industrial users, and other customers seeking scalable alternatives for reliable power generation.

NuScale offers its reactor technology through the VOYGR power plant platform, along with engineering, licensing, project development, and deployment support.