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

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

NuScale Power News Summary

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. Bank of America initiated coverage on shares of NuScale Power in a research note on Friday, May 22nd. They set a “neutral” rating and a $12.00 price objective on the stock. Royal Bank Of Canada dropped their price target on shares of NuScale Power from $14.00 to $10.00 and set a “sector perform” rating on the stock in a research report on Tuesday, August 11th. Northland Securities set a $16.00 price objective on shares of NuScale Power in a research report on Thursday, August 6th. Truist Financial started coverage on shares of NuScale Power in a research note on Monday, July 13th. They set a “hold” rating and a $10.00 target price on the stock. Finally, Canaccord Genuity Group cut their price target on NuScale Power from $25.00 to $15.00 and set a “buy” rating for the company in a research note on Thursday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, eight have assigned a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $12.96.

NuScale Power Stock Performance

The company has a 50 day moving average of $9.09 and a 200 day moving average of $10.57. The stock has a market capitalization of $3.62 billion, a price-to-earnings ratio of -2.88 and a beta of 2.30.

NuScale Power (NYSE:SMR) last released its earnings results on Wednesday, August 5th. The company reported ($0.13) earnings per share (EPS) for the quarter, hitting 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 during the quarter, compared to analyst estimates of $8.80 million. During the same quarter in the prior year, the firm earned ($0.11) earnings per share. The company’s revenue for the quarter was down 99.1% compared to the same quarter last year. On average, equities analysts predict that NuScale Power Corporation will post -0.64 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Shinji Fujino sold 20,000 shares of NuScale Power stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $8.86, for a total transaction of $177,200.00. Following the sale, the director owned 17,242 shares of the company’s stock, valued at approximately $152,764.12. The trade was a 53.70% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Carl M. Fisher sold 18,771 shares of the stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $9.36, for a total transaction of $175,696.56. Following the transaction, the chief operating officer directly owned 114,718 shares of the company’s stock, valued at approximately $1,073,760.48. This trade represents a 14.06% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last 90 days, insiders have sold 68,651 shares of company stock valued at $633,470. Insiders own 1.28% of the company’s stock.

Institutional Trading of NuScale Power

Several hedge funds have recently modified their holdings of the stock. Renaissance Technologies LLC purchased a new stake in NuScale Power in the 1st quarter valued at $59,141,000. Bank of America Corp DE lifted its position in shares of NuScale Power by 33.4% in the first quarter. Bank of America Corp DE now owns 2,062,232 shares of the company’s stock valued at $22,355,000 after acquiring an additional 516,097 shares in the last quarter. Swedbank AB boosted its stake in shares of NuScale Power by 36.3% during the first quarter. Swedbank AB now owns 1,502,300 shares of the company’s stock valued at $16,285,000 after acquiring an additional 400,240 shares during the last quarter. BNP Paribas Financial Markets increased its position in NuScale Power by 57.4% during the 4th quarter. BNP Paribas Financial Markets now owns 569,058 shares of the company’s stock worth $8,064,000 after purchasing an additional 207,617 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its stake in NuScale Power by 21.9% in the 1st quarter. Bank of New York Mellon Corp now owns 482,517 shares of the company’s stock valued at $5,230,000 after purchasing an additional 86,652 shares during the last quarter. 78.37% of the stock is currently owned by institutional investors and hedge funds.

NuScale Power Company Profile

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.