NuScale Power (NYSE:SMR) Trading Up 4.8% – Time to Buy?

NuScale Power Corporation (NYSE:SMR)’s stock price was up 4.8% during mid-day trading on Wednesday . The stock traded as high as $10.90 and last traded at $10.36. Approximately 47,572,972 shares were traded during trading, an increase of 56% from the average daily volume of 30,435,875 shares. The stock had previously closed at $9.89.

Key NuScale Power News

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

• Positive Sentiment: NuScale announced that its E2 Centers are bringing small modular reactor operations, control-room simulation, and workforce training into the classroom, highlighting progress on education and talent development for future SMR deployment. NuScale’s E2 Centers Bring SMR Operations Into the Classroom
• Positive Sentiment: NuScale awarded Paragon a contract to complete final design work for the Highly Integrated Protection System supporting the NuScale Power Module, a sign of continued progress on the company’s reactor technology. Paragon Awarded Contract to Complete Final Design Work Supporting NuScale Power’s Small Modular Reactor
• Positive Sentiment: Analysts and market commentary continue to frame NuScale as a leading U.S. small modular reactor name, with some coverage pointing to the company’s NRC Standard Design Approval and long-term upside from large-scale nuclear deployments. NuScale Power: In The Middle Of The SMR Market
• Neutral Sentiment: Broader articles on nuclear and hydrogen stocks suggest the clean-power theme remains in focus, but they do not provide a direct company-specific catalyst for SMR today. Nuclear Energy Stocks Gain From Growing Need for Reliable Clean Power
• Negative Sentiment: Coverage also highlighted the risks in NuScale’s story, including the possibility that the stock is being driven more by speculation than fundamentals, which matters because the company has recently reported very weak revenue and losses. 1 Reason to Buy NuScale Power Stock, and 2 Reasons to Sell
• Negative Sentiment: Recent commentary noting SMR trading under $10 also reinforces that investors are still questioning whether the recent rally is sustainable without more concrete commercial wins. Is SMR Under $10 a Bargain or a Trap? Here’s the Honest Answer.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on SMR shares. Citigroup cut their price target on NuScale Power from $9.00 to $7.00 and set a “sell” rating for the company in a report on Monday, May 11th. Royal Bank Of Canada cut their price target on NuScale Power from $21.00 to $14.00 and set a “sector perform” rating for the company in a report on Monday, March 2nd. UBS Group cut their price target on NuScale Power from $20.00 to $13.00 and set a “neutral” rating for the company in a report on Wednesday, March 18th. Weiss Ratings reissued a “sell (d-)” rating on shares of NuScale Power in a report on Friday, March 27th. Finally, Bank of America started coverage on NuScale Power in a report on Friday, May 22nd. They set a “neutral” rating and a $12.00 price target for the company. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, nine have given a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $15.92.

NuScale Power Price Performance

The stock has a market cap of $3.79 billion, a P/E ratio of -3.55 and a beta of 2.20. The firm’s 50-day moving average price is $11.43 and its 200-day moving average price is $14.26.

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

Insider Activity at NuScale Power

In related news, Director Corp Fluor sold 13,500,000 shares of the business’s stock in a transaction dated Tuesday, April 21st. The stock was sold at an average price of $11.81, for a total value of $159,435,000.00. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders sold 39,936,472 shares of company stock valued at $472,831,169 in the last quarter. 1.28% of the stock is currently owned by insiders.

Institutional Investors Weigh In On NuScale Power

A number of hedge funds have recently made changes to their positions in the company. Parallel Advisors LLC lifted its position in shares of NuScale Power by 1.8% in the first quarter. Parallel Advisors LLC now owns 59,898 shares of the company’s stock worth $649,000 after buying an additional 1,053 shares in the last quarter. NewEdge Advisors LLC lifted its position in shares of NuScale Power by 109.3% in the first quarter. NewEdge Advisors LLC now owns 48,430 shares of the company’s stock worth $525,000 after buying an additional 25,293 shares in the last quarter. Concorde Asset Management LLC lifted its position in shares of NuScale Power by 9.8% in the first quarter. Concorde Asset Management LLC now owns 12,390 shares of the company’s stock worth $134,000 after buying an additional 1,110 shares in the last quarter. Verus Capital Partners LLC purchased a new stake in shares of NuScale Power in the first quarter worth about $175,000. Finally, BankChampaign National Association purchased a new stake in shares of NuScale Power in the first quarter worth about $178,000. 78.37% of the stock is currently owned by hedge funds and other 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.