NuScale Power (NYSE:SMR) Trading Down 1.8%

NuScale Power Co. (NYSE:SMR)’s share price fell 1.8% on Friday . The stock traded as low as $8.71 and last traded at $9.34. 1,857,532 shares were traded during trading, a decline of 59% from the average session volume of 4,482,292 shares. The stock had previously closed at $9.51.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Canaccord Genuity Group boosted their price target on NuScale Power from $4.25 to $8.00 and gave the stock a “buy” rating in a research report on Monday, March 18th. UBS Group boosted their price target on NuScale Power from $2.00 to $10.00 and gave the stock a “neutral” rating in a research report on Tuesday, March 19th. Finally, Wells Fargo & Company reissued an “underweight” rating and issued a $4.50 price target (down from $7.50) on shares of NuScale Power in a research report on Tuesday, March 19th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, NuScale Power currently has an average rating of “Hold” and an average price target of $7.75.

NuScale Power Trading Up 5.4 %

The company has a market capitalization of $2.43 billion, a PE ratio of -11.79 and a beta of 1.17. The business’s fifty day moving average is $7.05 and its two-hundred day moving average is $4.89.

NuScale Power (NYSE:SMR) last announced its quarterly earnings data on Thursday, May 9th. The company reported ($0.21) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.21). NuScale Power had a negative net margin of 342.39% and a negative return on equity of 38.66%. The company had revenue of $1.38 million during the quarter, compared to analyst estimates of $3.15 million. During the same period in the previous year, the business earned ($0.16) EPS. As a group, equities research analysts anticipate that NuScale Power Co. will post -0.64 EPS for the current year.

Insider Buying and Selling

In related news, CTO Jose N. Reyes, Jr. sold 15,776 shares of the business’s stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $6.04, for a total value of $95,287.04. Following the completion of the transaction, the chief technology officer now directly owns 478,306 shares in the company, valued at approximately $2,888,968.24. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, insider Clayton Scott sold 7,191 shares of the stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $6.04, for a total transaction of $43,433.64. Following the transaction, the insider now directly owns 43,549 shares of the company’s stock, valued at approximately $263,035.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CTO Jose N. Reyes, Jr. sold 15,776 shares of the stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $6.04, for a total value of $95,287.04. Following the transaction, the chief technology officer now directly owns 478,306 shares in the company, valued at $2,888,968.24. The disclosure for this sale can be found here. Insiders sold a total of 56,131 shares of company stock worth $339,745 in the last three months. Insiders own 1.96% of the company’s stock.

Hedge Funds Weigh In On NuScale Power

Hedge funds and other institutional investors have recently modified their holdings of the company. Global Retirement Partners LLC bought a new position in shares of NuScale Power during the 4th quarter valued at $25,000. Sloy Dahl & Holst LLC bought a new position in NuScale Power in the 4th quarter worth $33,000. Essex Private Wealth Management LLC bought a new position in NuScale Power in the 4th quarter worth $33,000. Arizona State Retirement System bought a new position in NuScale Power in the 4th quarter worth $34,000. Finally, Raymond James Financial Services Advisors Inc. bought a new position in NuScale Power in the 4th quarter worth $36,000. 15.28% of the stock is owned by institutional investors.

About NuScale Power

NuScale Power Corporation engages in the development and sale of modular light water reactor nuclear power plants to supply energy for electrical generation, district heating, desalination, hydrogen production, and other process heat applications. It offers NuScale Power Module (NPM), a water reactor that can generate 77 megawatts of electricity (MWe); and VOYGR power plant designs for three facility sizes that are capable of housing from one to four and six or twelve NPMs.