NuScale Power Co. (NYSE:SMR) Insider Sells $1,576,434.30 in Stock

NuScale Power Co. (NYSE:SMR) insider Robert K. Temple sold 144,627 shares of the business’s stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of $10.90, for a total transaction of $1,576,434.30. Following the completion of the sale, the insider now owns 14,054 shares of the company’s stock, valued at $153,188.60. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

NuScale Power Price Performance

Shares of SMR stock traded up $0.85 on Tuesday, reaching $11.74. The company’s stock had a trading volume of 10,583,555 shares, compared to its average volume of 4,901,264. The stock’s fifty day simple moving average is $9.43 and its 200-day simple moving average is $8.26. NuScale Power Co. has a 1 year low of $1.81 and a 1 year high of $16.91. The company has a current ratio of 2.66, a quick ratio of 2.66 and a debt-to-equity ratio of 0.27. The company has a market capitalization of $2.85 billion, a price-to-earnings ratio of -14.00 and a beta of 1.22.

NuScale Power (NYSE:SMR) last released its earnings results on Thursday, August 8th. The company reported ($0.31) earnings per share for the quarter, missing the consensus estimate of ($0.13) by ($0.18). The business had revenue of $0.97 million for the quarter, compared to the consensus estimate of $1.43 million. NuScale Power had a negative return on equity of 61.82% and a negative net margin of 592.28%. During the same quarter last year, the business posted ($0.13) earnings per share. Analysts forecast that NuScale Power Co. will post -0.55 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have commented on SMR. B. Riley upped their price objective on shares of NuScale Power from $8.00 to $14.00 and gave the stock a “buy” rating in a report on Thursday, June 27th. CLSA began coverage on shares of NuScale Power in a research report on Friday, September 13th. They set an “outperform” rating and a $11.00 price objective on the stock. One research analyst has rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $8.63.

Institutional Investors Weigh In On NuScale Power

Several institutional investors have recently bought and sold shares of the company. Swedbank AB acquired a new stake in NuScale Power in the 1st quarter valued at $18,585,000. Van ECK Associates Corp purchased a new position in NuScale Power during the second quarter worth about $7,600,000. Bank of New York Mellon Corp increased its holdings in NuScale Power by 97.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 278,513 shares of the company’s stock valued at $3,256,000 after purchasing an additional 137,382 shares during the last quarter. Rheos Capital Works Inc. purchased a new stake in NuScale Power during the first quarter worth about $1,328,000. Finally, Wedbush Securities Inc. raised its stake in shares of NuScale Power by 84.9% in the second quarter. Wedbush Securities Inc. now owns 188,600 shares of the company’s stock valued at $2,205,000 after acquiring an additional 86,600 shares in the last quarter. 15.28% of the stock is currently owned by institutional investors and hedge funds.

NuScale Power Company Profile

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.