NuScale Power (NYSE:SMR) Price Target Cut to $15.00 by Analysts at Canaccord Genuity Group

NuScale Power (NYSE:SMR) had its price objective cut by equities research analysts at Canaccord Genuity Group from $25.00 to $15.00 in a report issued on Thursday,Benzinga reports. The firm presently has a “buy” rating on the stock. Canaccord Genuity Group’s target price suggests a potential upside of 58.16% from the stock’s previous close.

Other research analysts have also issued research reports about the stock. Barclays dropped their price objective on shares of NuScale Power from $15.00 to $11.00 and set an “equal weight” rating for the company in a report on Wednesday, July 22nd. Citigroup dropped their price target on shares of NuScale Power from $7.50 to $6.50 and set a “sell” rating for the company in a research note on Thursday. Northland Securities set a $16.00 price objective on shares of NuScale Power in a research note on Thursday. Weiss Ratings restated a “sell (d-)” rating on shares of NuScale Power in a report on Wednesday, June 24th. Finally, HSBC initiated coverage on NuScale Power in a report on Thursday, April 23rd. They set a “hold” rating and a $13.00 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, nine have issued a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, NuScale Power currently has a consensus rating of “Hold” and an average price target of $14.12.

NuScale Power Stock Performance

Shares of SMR traded up $0.10 during trading hours on Thursday, reaching $9.48. The stock had a trading volume of 33,312,149 shares, compared to its average volume of 30,497,516. NuScale Power has a 12 month low of $7.21 and a 12 month high of $57.42. The stock has a market capitalization of $3.47 billion, a PE ratio of -3.25 and a beta of 2.26. The company’s 50-day moving average is $9.81 and its two-hundred day moving average is $12.02.

NuScale Power (NYSE:SMR) last issued its quarterly earnings data on Wednesday, August 5th. The company reported ($0.13) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.13). The business had revenue of $0.07 million for the quarter, compared to analyst estimates of $8.80 million. NuScale Power had a negative return on equity of 48.88% and a negative net margin of 2,066.55%.NuScale Power’s quarterly revenue was down 99.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.11) EPS. Equities analysts anticipate that NuScale Power will post -0.46 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, COO Carl M. Fisher sold 18,771 shares of the firm’s stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $9.36, for a total transaction of $175,696.56. Following the completion of the sale, the chief operating officer owned 114,718 shares of the company’s stock, valued at $1,073,760.48. This trade represents a 14.06% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 1.28% of the stock is owned by corporate insiders.

Institutional Trading of NuScale Power

Several large investors have recently modified their holdings of SMR. Heck Capital Advisors LLC increased its stake in shares of NuScale Power by 33.5% in the 2nd quarter. Heck Capital Advisors LLC now owns 16,382 shares of the company’s stock valued at $164,000 after acquiring an additional 4,115 shares in the last quarter. Handelsbanken Fonder AB boosted its stake in NuScale Power by 209.5% during the second quarter. Handelsbanken Fonder AB now owns 108,000 shares of the company’s stock worth $1,083,000 after acquiring an additional 73,100 shares in the last quarter. Adamsbrown Wealth Consultants LLC acquired a new stake in NuScale Power in the second quarter worth $100,000. Hennion & Walsh Asset Management Inc. increased its stake in NuScale Power by 30.5% in the second quarter. Hennion & Walsh Asset Management Inc. now owns 84,199 shares of the company’s stock valued at $845,000 after purchasing an additional 19,679 shares in the last quarter. Finally, Evanson Financial LLC bought a new stake in NuScale Power in the second quarter valued at $512,000. Institutional investors and hedge funds own 78.37% of the company’s stock.

Key NuScale Power News

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

• Positive Sentiment: NuScale said discussions with the Tennessee Valley Authority (TVA) and its readiness for near-term deployment are key growth catalysts. Management highlighted approved reactor designs, available fuel, established suppliers and approximately $1.9 billion in liquidity, reinforcing the company’s ability to pursue projects while awaiting commercial orders. SMR Q2 Earnings Call Focuses on TVA and Deployment Readiness
• Positive Sentiment: NuScale, Curio and Framatome signed a strategic memorandum of understanding to evaluate advanced nuclear-fuel recycling and manufacturing solutions. The agreement could strengthen NuScale’s fuel-cycle capabilities and support future reactor commercialization, though it does not yet represent a binding revenue contract. Curio, NuScale Power, and Framatome Sign Strategic MOU
• Neutral Sentiment: Chief Operating Officer Carl Fisher sold 18,771 shares for about $175,700. The filing says the transaction covered tax-withholding obligations tied to vested equity awards, making it less indicative of a bearish view; he still owned 114,718 shares afterward. SEC Insider Transaction Filing
• Negative Sentiment: NuScale’s second-quarter revenue was only about $70,000–$80,000, versus roughly $8.8 million expected, representing a 99.1% year-over-year decline. The company reported a $0.13-per-share loss, in line with estimates, but the severe revenue shortfall highlights the lack of near-term project execution and continues to weigh on the investment case. NuScale Reports Q2 Loss and Revenue Miss
• Negative Sentiment: Citigroup lowered its price target for SMR to $6.50 from $7.50 and reiterated a “sell” rating, citing approximately 31.5% potential downside from the referenced trading level. This adds pressure after the earnings-related revenue miss.

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.