NuScale Power (NYSE:SMR) Trading Up 4.3% – What’s Next?

NuScale Power Corporation (NYSE:SMRGet Free Report) traded up 4.3% during mid-day trading on Monday . The stock traded as high as $12.34 and last traded at $12.1680. 19,369,693 shares traded hands during trading, a decline of 31% from the average session volume of 27,919,982 shares. The stock had previously closed at $11.67.

Key Stories Impacting NuScale Power

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

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Royal Bank Of Canada reduced their price objective on NuScale Power from $21.00 to $14.00 and set a “sector perform” rating on the stock in a research note on Monday, March 2nd. TD Cowen cut NuScale Power from a “buy” rating to a “hold” rating in a report on Wednesday, February 11th. Zacks Research raised NuScale Power from a “strong sell” rating to a “hold” rating in a research report on Friday, February 20th. Citigroup decreased their price target on NuScale Power from $18.50 to $11.50 and set a “sell” rating on the stock in a report on Monday, March 2nd. Finally, Northland Securities upgraded NuScale Power from a “market perform” rating to an “outperform” rating and set a $21.00 price target for the company in a research report on Friday, February 27th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, eight have assigned a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, NuScale Power has a consensus rating of “Hold” and a consensus price target of $21.42.

Read Our Latest Stock Report on NuScale Power

NuScale Power Stock Up 2.9%

The company’s 50 day simple moving average is $16.35 and its 200-day simple moving average is $25.89. The firm has a market cap of $3.70 billion, a P/E ratio of -4.28 and a beta of 2.19.

NuScale Power (NYSE:SMRGet Free Report) last issued its quarterly earnings results on Thursday, February 26th. The company reported ($0.80) earnings per share 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 analysts’ expectations of $8.76 million. Equities research analysts predict that NuScale Power Corporation will post -0.73 EPS for the current year.

Insiders Place Their Bets

In other NuScale Power news, CTO Jose N. Reyes, Jr. sold 25,951 shares of the stock in a transaction on Monday, March 2nd. The stock was sold at an average price of $12.22, for a total value of $317,121.22. Following the sale, the chief technology officer owned 268,081 shares in the company, valued at $3,275,949.82. This trade represents a 8.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO John Lawrence Hopkins sold 82,667 shares of the business’s stock in a transaction on Tuesday, March 3rd. The shares were sold at an average price of $12.22, for a total transaction of $1,010,190.74. Following the sale, the chief executive officer directly owned 117,018 shares of the company’s stock, valued at $1,429,959.96. This represents a 41.40% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 635,610 shares of company stock valued at $8,198,439. Insiders own 1.20% of the company’s stock.

Hedge Funds Weigh In On NuScale Power

A number of hedge funds have recently added to or reduced their stakes in the stock. Royal Bank of Canada raised its stake in shares of NuScale Power by 623.4% during the first quarter. Royal Bank of Canada now owns 457,276 shares of the company’s stock valued at $6,475,000 after acquiring an additional 394,065 shares in the last quarter. AQR Capital Management LLC grew its stake in NuScale Power by 37.4% in the first quarter. AQR Capital Management LLC now owns 37,614 shares of the company’s stock worth $533,000 after purchasing an additional 10,244 shares in the last quarter. Integrated Wealth Concepts LLC bought a new position in NuScale Power in the first quarter worth approximately $390,000. Jones Financial Companies Lllp increased its holdings in NuScale Power by 9.1% during the 1st quarter. Jones Financial Companies Lllp now owns 16,793 shares of the company’s stock worth $238,000 after purchasing an additional 1,394 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in NuScale Power by 1,220.7% during the 1st 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 period. 78.37% of the stock is currently owned by institutional investors.

About NuScale Power

(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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