NuScale Power (NYSE:SMR) Shares Gap Up – Here’s What Happened

Shares of NuScale Power Corporation (NYSE:SMR) gapped up prior to trading on Wednesday . The stock had previously closed at $10.25, but opened at $10.80. NuScale Power shares last traded at $11.9070, with a volume of 11,854,004 shares changing hands.

More NuScale Power News

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

• Positive Sentiment: White House space-nuclear initiative lifts sector outlook — investors are bidding up nuclear developers on a federal push to deploy reactors for space missions, a catalyst that benefits NuScale’s long?term addressable market and investor sentiment. Oklo, Nano Nuclear, Centrus, NuScale Surge as White House Space Nuclear Mandate Electrifies the Sector
• Neutral Sentiment: Analyst stance steady — RBC recently maintained a Hold on SMR, keeping near?term analyst guidance neutral and signaling no immediate upgrade to drive a rebound. RBC Capital Sticks to Its Hold Rating for NuScale Power (SMR)
• Neutral Sentiment: Valuation debate: some retail/income-oriented coverage frames SMR as potentially cheap after the pullback, but views differ on execution risk — this keeps trading interest but not a clear buying consensus. The Price Is Right on NuScale, but Is It Cheap Enough to Make It a Buy?
• Negative Sentiment: Multiple class-action lawsuits and a wave of law?firm investor alerts (with an April 20 deadline to seek lead?plaintiff status) are pressuring the stock as investors digest potential legal exposure and distraction for management. Representative filings and alerts have appeared from several firms today. ROSEN: Deadline reminder for NuScale investors
• Negative Sentiment: Additional class-action filing and firm notices broaden the litigation narrative, increasing headline risk and potential legal costs for the company. Bronstein, Gewirtz & Grossman LLC urges investors to act
• Negative Sentiment: Reported institutional selling: a reported sale of 13.5M NuScale shares by an affiliate (Corp Fluor) adds supply pressure and raising concerns about insider/institutional disposition. Corp Fluor Sells 13,500,000 Shares of NuScale Power (NYSE:SMR) Stock
• Negative Sentiment: Near-term fundamentals remain weak: recent quarterly results showed a substantial EPS miss and very low revenue, and investors are awaiting upcoming financials — that execution gap amplifies sensitivity to legal and sell?side news. Why Is NuScale Power Stock Sliding Thursday?

Analyst Upgrades and Downgrades

SMR has been the topic of several research reports. Royal Bank Of Canada lowered their price target on shares of NuScale Power from $21.00 to $14.00 and set a “sector perform” rating on the stock in a research report on Monday, March 2nd. B. Riley Financial lowered their price target on shares of NuScale Power from $38.00 to $24.00 and set a “buy” rating on the stock in a research report on Monday, December 22nd. Weiss Ratings reiterated a “sell (d-)” rating on shares of NuScale Power in a research report on Friday, March 27th. UBS Group lowered their price target on shares of NuScale Power from $20.00 to $13.00 and set a “neutral” rating on the stock in a research report on Wednesday, March 18th. Finally, Citigroup lowered their price target on shares of NuScale Power from $18.50 to $11.50 and set a “sell” rating on the stock in a research report on Monday, March 2nd. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, eight have given a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $20.96.

NuScale Power Price Performance

The stock’s 50-day moving average is $12.25 and its 200-day moving average is $21.08. The stock has a market cap of $3.87 billion, a price-to-earnings ratio of -3.96 and a beta of 2.27.

NuScale Power (NYSE:SMR) last announced its earnings results on Thursday, February 26th. The company reported ($0.80) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.70). NuScale Power had a negative return on equity of 55.23% and a negative net margin of 1,130.26%.The firm had revenue of $1.81 million for the quarter, compared to analyst estimates of $8.76 million. Analysts predict that NuScale Power Corporation will post -0.73 EPS for the current fiscal year.

Insider Activity

In related news, insider Clayton Scott sold 22,478 shares of the business’s stock in a transaction that occurred on Monday, March 2nd. The shares were sold at an average price of $12.22, for a total value of $274,681.16. Following the completion of the sale, the insider directly owned 132,852 shares in the company, valued at approximately $1,623,451.44. The trade was a 14.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Corp Fluor sold 13,500,000 shares of the company’s stock in a transaction that occurred on Thursday, April 9th. The stock was sold at an average price of $12.07, for a total transaction of $162,945,000.00. Following the transaction, the director directly owned 26,436,472 shares of the company’s stock, valued at $319,088,217.04. This trade represents a 33.80% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 14,135,610 shares of company stock valued at $171,143,439 in the last 90 days. Insiders own 1.20% of the company’s stock.

Hedge Funds Weigh In On NuScale Power

A number of hedge funds have recently made changes to their positions in the stock. Hsbc Holdings PLC boosted its holdings in shares of NuScale Power by 349.7% in the 4th quarter. Hsbc Holdings PLC now owns 76,415 shares of the company’s stock valued at $1,074,000 after purchasing an additional 59,422 shares during the last quarter. Audent Global Asset Management LLC acquired a new position in shares of NuScale Power in the 4th quarter valued at $766,000. Caitong International Asset Management Co. Ltd acquired a new position in shares of NuScale Power in the 4th quarter valued at $3,169,000. Instrumental Wealth LLC acquired a new position in shares of NuScale Power in the 4th quarter valued at $231,000. Finally, Pacer Advisors Inc. acquired a new position in shares of NuScale Power in the 4th quarter valued at $1,393,000. Institutional investors and hedge funds 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.