NuScale Power (NYSE:SMR) Stock Price Down 6.8% – Here’s Why

NuScale Power Corporation (NYSE:SMR) shares dropped 6.8% during mid-day trading on Friday . The stock traded as low as $11.16 and last traded at $11.2350. Approximately 24,775,399 shares traded hands during trading, a decline of 15% from the average daily volume of 29,080,852 shares. The stock had previously closed at $12.06.

Key Headlines Impacting NuScale Power

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

• Positive Sentiment: NuScale continues to attract bullish attention from analysts and market commentators who see it as a leading small modular reactor play, with some pieces citing meaningful upside potential and positioning it as a key beneficiary of the nuclear power buildout. NuScale Power (SMR) Is Among The Best Nuclear Energy Stocks To Buy As SMRs Go Mainstream
• Positive Sentiment: South Korea reportedly discussed a potential investment and partnership tied to NuScale’s SMR program, which could add an international reference project and strengthen the company’s commercial pipeline. South Korea Talks Add New Test For NuScale Power SMR Story
• Positive Sentiment: Cantor Fitzgerald reiterated a buy rating on NuScale Power, suggesting some Wall Street firms remain supportive despite near-term volatility. Cantor Fitzgerald Remains a Buy on NuScale Power (SMR)

Wall Street Analysts Forecast Growth

SMR has been the subject of several research reports. Cantor Fitzgerald decreased their price objective on shares of NuScale Power from $55.00 to $20.00 and set an “overweight” rating for the company in a research note on Tuesday, February 24th. Citigroup decreased their price objective on shares of NuScale Power from $9.00 to $7.00 and set a “sell” rating for the company in a research note on Monday. Zacks Research upgraded shares of NuScale Power from a “strong sell” rating to a “hold” rating in a research note on Friday, February 20th. Texas Capital upgraded shares of NuScale Power to a “strong-buy” rating in a research note on Tuesday, January 27th. Finally, B. Riley Financial decreased their price objective on shares of NuScale Power from $24.00 to $19.00 and set a “buy” rating for the company in a research note on Friday, April 24th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, nine have issued a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $19.08.

NuScale Power Stock Performance

The stock’s fifty day moving average is $11.56 and its two-hundred day moving average is $17.19. The firm has a market capitalization of $3.80 billion, a price-to-earnings ratio of -3.85 and a beta of 2.24.

NuScale Power (NYSE:SMR) last released its quarterly earnings results on Thursday, May 7th. The company reported ($0.14) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.03). The firm had revenue of $0.57 million for the quarter, compared to analyst estimates of $7.00 million. NuScale Power had a negative net margin of 2,066.55% and a negative return on equity of 48.88%. The firm’s revenue for the quarter was down 95.8% on a year-over-year basis. Sell-side analysts anticipate that NuScale Power Corporation will post -0.46 earnings per share for the current year.

Insider Buying and Selling at NuScale Power

In related news, COO Carl M. Fisher sold 22,197 shares of NuScale Power stock in a transaction on Tuesday, March 3rd. The shares were sold at an average price of $12.22, for a total value of $271,247.34. Following the completion of the sale, the chief operating officer owned 140,141 shares in the company, valued at approximately $1,712,523.02. The trade was a 13.67% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Clayton Scott sold 22,478 shares of NuScale Power stock in a transaction on Monday, March 2nd. The stock was sold at an average price of $12.22, for a total transaction of $274,681.16. Following the completion of the sale, the insider owned 132,852 shares of the company’s stock, valued at approximately $1,623,451.44. This trade represents a 14.47% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 40,572,082 shares of company stock worth $481,029,608. 1.28% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in SMR. Nemes Rush Group LLC bought a new position in NuScale Power during the 3rd quarter valued at $25,000. Strategic Advocates LLC bought a new position in NuScale Power during the 3rd quarter valued at $25,000. Vermillion & White Wealth Management Group LLC boosted its stake in NuScale Power by 1,550.9% during the 4th quarter. Vermillion & White Wealth Management Group LLC now owns 1,783 shares of the company’s stock valued at $25,000 after acquiring an additional 1,675 shares during the last quarter. Assetmark Inc. boosted its stake in NuScale Power by 1,940.3% during the 1st quarter. Assetmark Inc. now owns 2,428 shares of the company’s stock valued at $26,000 after acquiring an additional 2,309 shares during the last quarter. Finally, Ameriflex Group Inc. bought a new position in NuScale Power during the 4th quarter valued at $30,000. 78.37% of the stock is currently owned by institutional investors.

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.