NuScale Power (NYSE:SMR) Trading Down 1.9% – Should You Sell?

NuScale Power Corporation (NYSE:SMR)’s share price fell 1.9% on Wednesday . The stock traded as low as $8.55 and last traded at $8.7870. Approximately 17,877,136 shares traded hands during trading, a decline of 41% from the average session volume of 30,492,867 shares. The stock had previously closed at $8.96.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. UBS Group decreased their target price on NuScale Power from $20.00 to $13.00 and set a “neutral” rating for the company in a research report on Wednesday, March 18th. Weiss Ratings restated a “sell (d-)” rating on shares of NuScale Power in a research report on Wednesday, June 24th. HSBC began coverage on NuScale Power in a research note on Thursday, April 23rd. They issued a “hold” rating and a $13.00 price target on the stock. 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 objective for the company. Finally, Northland Securities set a $19.00 price objective on NuScale Power in a research report on Monday, May 11th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, eight have given a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, NuScale Power has an average rating of “Hold” and a consensus target price of $15.92.

NuScale Power Stock Performance

The business has a 50-day moving average price of $11.20 and a 200 day moving average price of $13.29. The stock has a market capitalization of $3.21 billion, a P/E ratio of -3.01 and a beta of 2.24.

NuScale Power (NYSE:SMR) last posted its quarterly earnings data 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 company had revenue of $0.56 million for the quarter, compared to the consensus estimate 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 was down 95.8% on a year-over-year basis. As a group, research analysts forecast that NuScale Power Corporation will post -0.46 earnings per share for the current fiscal year.

Insider Buying and Selling at NuScale Power

In other news, Director Corp Fluor sold 13,500,000 shares of NuScale Power stock in a transaction dated Thursday, April 9th. The stock was sold at an average price of $12.07, for a total value of $162,945,000.00. Following the completion of the transaction, the director owned 26,436,472 shares of the company’s stock, valued at $319,088,217.04. The trade was a 33.80% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold 39,936,472 shares of company stock worth $472,831,169 in the last ninety days. 1.28% of the stock is owned by company insiders.

Institutional Trading of NuScale Power

Several institutional investors have recently bought and sold shares of SMR. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of NuScale Power by 35.0% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 822,779 shares of the company’s stock valued at $11,659,000 after purchasing an additional 213,329 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in NuScale Power by 22.6% in the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,310,961 shares of the company’s stock worth $263,195,000 after buying an additional 1,346,796 shares in the last quarter. Caz Investments LP raised its position in NuScale Power by 10,000.0% in the 4th quarter. Caz Investments LP now owns 101,000 shares of the company’s stock worth $1,431,000 after buying an additional 100,000 shares during the last quarter. Clear Street Group Inc. purchased a new position in NuScale Power in the 3rd quarter worth about $155,616,000. Finally, Seven Grand Managers LLC bought a new position in NuScale Power during the 4th quarter valued at about $1,771,000. 78.37% of the stock is owned by hedge funds and other institutional investors.

NuScale Power Company Profile

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.