NuScale Power (NYSE:SMR) Trading Down 2.2% – Here’s What Happened

NuScale Power Corporation (NYSE:SMR) shares traded down 2.2% during mid-day trading on Thursday . The stock traded as low as $11.83 and last traded at $12.0020. 27,279,450 shares traded hands during trading, a decline of 9% from the average session volume of 29,929,447 shares. The stock had previously closed at $12.27.

NuScale Power News Summary

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

• Neutral Sentiment: Recent commentary says NuScale’s valuation targets have not changed, suggesting analysts are not materially updating their price expectations yet. How The NuScale Power (SMR) Investment Narrative Is Evolving Without New Analyst Targets
• Positive Sentiment: NuScale’s modular reactor technology continues to get attention, with articles noting NRC approvals and progress on projects tied to TVA and Romania, which could support the long-term investment case. What Makes the NuScale Power Module a Key Asset for SMR?
• Neutral Sentiment: NuScale was also mentioned in broader nuclear and hydrogen-stock coverage, reinforcing that the name remains part of the thematic clean-energy trade. Best Hydrogen Stocks To Research – June 2nd
• Negative Sentiment: Market sentiment toward speculative tech and nuclear stocks has weakened, and a new article specifically notes NuScale falling alongside other high-risk names. Stock Market Today, June 5: NuScale Power Falls as Speculative Technology Names Tank
• Negative Sentiment: Bearish articles and the report of unusually high options volume suggest traders are positioning for continued volatility and downside risk in SMR. NuScale Power Sees Unusually High Options Volume (NYSE:SMR)

Wall Street Analyst Weigh In

SMR has been the topic of a number of recent research reports. HSBC began coverage on shares of NuScale Power in a research note on Thursday, April 23rd. They set a “hold” rating and a $13.00 price target on the stock. UBS Group cut their target price on shares of NuScale Power from $20.00 to $13.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 18th. Barclays cut their price objective on NuScale Power from $45.00 to $15.00 and set an “equal weight” rating on the stock in a research report on Monday, February 23rd. Citigroup lowered their target price on NuScale Power from $9.00 to $7.00 and set a “sell” rating for the company in a research note on Monday, May 11th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of NuScale Power in a research report on Friday, March 27th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, nine have issued a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $15.92.

NuScale Power Price Performance

The stock has a 50 day moving average of $11.48 and a two-hundred day moving average of $14.78. The stock has a market capitalization of $3.83 billion, a PE ratio of -3.59 and a beta of 2.20.

NuScale Power (NYSE:SMR) last released its quarterly earnings data on Thursday, May 7th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.11) by ($0.03). The business 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 revenue for the quarter was down 95.8% compared to the same quarter last year. As a group, research analysts predict that NuScale Power Corporation will post -0.46 earnings per share for the current fiscal 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 shares were sold at an average price of $11.81, for a total transaction of $159,435,000.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders have sold a total of 39,936,472 shares of company stock valued at $472,831,169 in the last ninety days. 1.28% of the stock is owned by company insiders.

Institutional Investors Weigh In On NuScale Power

Several institutional investors have recently modified their holdings of SMR. Van ECK Associates Corp raised its holdings in NuScale Power by 117.8% during the fourth quarter. Van ECK Associates Corp now owns 11,515,561 shares of the company’s stock worth $163,176,000 after purchasing an additional 6,227,747 shares during the last quarter. Renaissance Technologies LLC acquired a new stake in NuScale Power in the first quarter valued at $59,141,000. Vanguard Group Inc. grew its holdings in NuScale Power by 40.5% in the fourth quarter. Vanguard Group Inc. now owns 15,545,018 shares of the company’s stock valued at $220,273,000 after purchasing an additional 4,482,254 shares during the last quarter. Clear Street Group Inc. purchased a new position in shares of NuScale Power in the third quarter valued at $155,616,000. Finally, Voloridge Investment Management LLC acquired a new position in shares of NuScale Power during the 4th quarter worth $48,993,000. Hedge funds and other institutional investors own 78.37% of the company’s stock.

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.