NuScale Power (NYSE:SMR) Stock Price Up 1.1% – Here’s What Happened

NuScale Power Corporation (NYSE:SMR) rose 1.1% during mid-day trading on Friday . The stock traded as high as $7.90 and last traded at $7.7250. 22,472,814 shares changed hands during trading, a decline of 26% from the average session volume of 30,255,563 shares. The stock had previously closed at $7.64.

Key Headlines Impacting NuScale Power

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

• Neutral Sentiment: Analysts say the nuclear sector is facing more cautious sentiment as investors reassess long project timelines and execution risk. NuScale Power (SMR) Faces More Cautious Sentiment, Is 92% Undervalued Enough?
• Neutral Sentiment: Broader nuclear-stock weakness is weighing on sentiment, with traders debating whether heavy AI infrastructure spending will deliver returns quickly enough to support the sector. Why Did IBM, ORCL, SMR Stocks Drop To 52-Week Lows Today?
• Negative Sentiment: Recent articles continue to frame SMR as a high-risk name in a weak sector, with comparisons suggesting the stock may still face downside if investor enthusiasm for small modular reactors fades further. NuScale SMR Stock: $25 Bull Case, $7 Bear Case

Wall Street Analyst Weigh In

SMR has been the topic of several analyst reports. The Goldman Sachs Group set a $9.00 target price on shares of NuScale Power in a research report on Friday, May 8th. Truist Financial began coverage on NuScale Power in a research report on Monday. They set a “hold” rating and a $10.00 price target on the stock. Citigroup reduced their price objective on NuScale Power from $9.00 to $7.00 and set a “sell” rating for the company in a research note on Monday, May 11th. Weiss Ratings restated a “sell (d-)” rating on shares of NuScale Power in a research report on Wednesday, June 24th. Finally, B. Riley Financial dropped their target price on NuScale Power from $24.00 to $19.00 and set a “buy” rating on the stock in a report on Friday, April 24th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, nine have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $15.46.

NuScale Power Stock Performance

The business’s 50 day simple moving average is $10.67 and its 200-day simple moving average is $12.93. The company has a market cap of $2.82 billion, a price-to-earnings ratio of -2.65 and a beta of 2.24.

NuScale Power (NYSE:SMR) last posted its quarterly earnings results on Thursday, May 7th. The company reported ($0.14) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.03). NuScale Power had a negative return on equity of 48.88% and a negative net margin of 2,066.55%.The company had revenue of $0.56 million during the quarter, compared to analyst estimates of $7.00 million. The firm’s revenue was down 95.8% compared to the same quarter last year. Research analysts expect that NuScale Power Corporation will post -0.63 earnings per share for the current year.

Insider Buying and Selling

In other NuScale Power news, Director Corp Fluor sold 13,500,000 shares of the business’s stock in a transaction dated Tuesday, April 21st. The stock was sold at an average price of $11.81, for a total value of $159,435,000.00. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 1.28% of the stock is owned by company insiders.

Institutional Investors Weigh In On NuScale Power

Several institutional investors have recently made changes to their positions in the company. Van ECK Associates Corp grew its stake in shares of NuScale Power by 117.8% in the 4th quarter. Van ECK Associates Corp now owns 11,515,561 shares of the company’s stock valued at $163,176,000 after buying an additional 6,227,747 shares in the last quarter. Renaissance Technologies LLC acquired a new position in NuScale Power in the first quarter worth approximately $59,141,000. Vanguard Group Inc. raised its position in NuScale Power by 40.5% during the fourth quarter. Vanguard Group Inc. now owns 15,545,018 shares of the company’s stock valued at $220,273,000 after acquiring an additional 4,482,254 shares in the last quarter. Voloridge Investment Management LLC bought a new position in NuScale Power during the fourth quarter valued at approximately $48,993,000. Finally, Samsung C&T Corp lifted its stake in NuScale Power by 98.9% in the third quarter. Samsung C&T Corp now owns 5,185,804 shares of the company’s stock valued at $186,689,000 after acquiring an additional 2,578,702 shares during the last quarter. 78.37% of the stock is currently owned by institutional investors and hedge funds.

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.