NuScale Power (NYSE:SMR) Stock Price Down 1.7% on Analyst Downgrade

NuScale Power Co. (NYSE:SMR) shares fell 1.7% on Monday after UBS Group lowered their price target on the stock from $25.00 to $17.00. UBS Group currently has a neutral rating on the stock. NuScale Power traded as low as $14.74 and last traded at $15.37. 3,304,381 shares traded hands during trading, a decline of 72% from the average session volume of 11,747,102 shares. The stock had previously closed at $15.63.

Insiders Place Their Bets

In other NuScale Power news, CEO John Lawrence Hopkins sold 664,568 shares of the business’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $18.04, for a total value of $11,988,806.72. Following the sale, the chief executive officer now owns 34,675 shares in the company, valued at $625,537. The trade was a 95.04 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Jacqueline F. Engel sold 24,618 shares of the business’s stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $14.52, for a total transaction of $357,453.36. Following the completion of the sale, the vice president now owns 1,149 shares in the company, valued at approximately $16,683.48. This trade represents a 95.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.96% of the company’s stock.

Institutional Trading of NuScale Power

A number of large investors have recently made changes to their positions in SMR. US Bancorp DE bought a new stake in shares of NuScale Power in the 3rd quarter worth about $54,000. TimesSquare Capital Management LLC bought a new stake in shares of NuScale Power in the 3rd quarter worth about $2,895,000. Entropy Technologies LP bought a new stake in shares of NuScale Power in the 3rd quarter worth about $138,000. Victory Capital Management Inc. bought a new stake in shares of NuScale Power in the 3rd quarter worth about $116,000. Finally, Quest Partners LLC increased its holdings in shares of NuScale Power by 52.4% in the 3rd quarter. Quest Partners LLC now owns 14,950 shares of the company’s stock worth $173,000 after buying an additional 5,142 shares during the last quarter. 78.37% of the stock is currently owned by institutional investors.

NuScale Power Stock Performance

The business’s fifty day moving average price is $21.19 and its two-hundred day moving average price is $18.74. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.24 and a current ratio of 2.24. The stock has a market capitalization of $3.77 billion, a P/E ratio of -15.52 and a beta of 1.58.

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.