Citigroup Cuts NuScale Power (NYSE:SMR) Price Target to $6.50

NuScale Power (NYSE:SMR) had its price target reduced by Citigroup from $7.50 to $6.50 in a research report released on Thursday,Benzinga reports. They currently have a sell rating on the stock.

Several other research firms also recently commented on SMR. Bank of America initiated coverage on NuScale Power in a research note on Friday, May 22nd. They issued a “neutral” rating and a $12.00 price objective for the company. Northland Securities set a $16.00 target price on shares of NuScale Power in a research note on Thursday. Barclays dropped their target price on shares of NuScale Power from $15.00 to $11.00 and set an “equal weight” rating for the company in a report on Wednesday, July 22nd. The Goldman Sachs Group set a $9.00 target price on shares of NuScale Power in a research report on Friday, May 8th. Finally, HSBC assumed coverage on shares of NuScale Power in a research note on Thursday, April 23rd. They issued a “hold” rating and a $13.00 price target on the stock. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, nine have issued a Hold rating and three have given a Sell rating to the company. According to MarketBeat, NuScale Power has an average rating of “Hold” and a consensus price target of $14.12.

NuScale Power Trading Up 3.6%

NYSE:SMR opened at $9.81 on Thursday. The stock has a 50 day moving average of $9.70 and a two-hundred day moving average of $11.93. NuScale Power has a 12 month low of $7.21 and a 12 month high of $57.42. The firm has a market cap of $3.59 billion, a P/E ratio of -3.36 and a beta of 2.26.

NuScale Power (NYSE:SMR) last released its earnings results on Wednesday, August 5th. The company reported ($0.13) earnings per share for the quarter, meeting the consensus estimate of ($0.13). The business had revenue of $0.07 million for the quarter, compared to the consensus estimate of $8.80 million. NuScale Power had a negative return on equity of 46.91% and a negative net margin of 3,888.70%.The business’s quarterly revenue was down 99.1% compared to the same quarter last year. During the same quarter last year, the business posted ($0.11) earnings per share. On average, research analysts forecast that NuScale Power will post -0.45 earnings per share for the current year.

Insiders Place Their Bets

In other news, COO Carl M. Fisher sold 18,771 shares of the stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $9.36, for a total value of $175,696.56. Following the completion of the sale, the chief operating officer owned 114,718 shares of the company’s stock, valued at $1,073,760.48. This represents a 14.06% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 1.28% of the stock is owned by insiders.

Institutional Trading of NuScale Power

Several institutional investors have recently made changes to their positions in SMR. Royal Bank of Canada increased its stake in NuScale Power by 623.4% during the first quarter. Royal Bank of Canada now owns 457,276 shares of the company’s stock worth $6,475,000 after acquiring an additional 394,065 shares during the last quarter. AQR Capital Management LLC increased its position in shares of NuScale Power by 37.4% during the 1st quarter. AQR Capital Management LLC now owns 37,614 shares of the company’s stock worth $533,000 after purchasing an additional 10,244 shares during the last quarter. Integrated Wealth Concepts LLC acquired a new stake in shares of NuScale Power during the 1st quarter worth about $390,000. Jones Financial Companies Lllp raised its holdings in NuScale Power by 9.1% in the 1st quarter. Jones Financial Companies Lllp now owns 16,793 shares of the company’s stock valued at $238,000 after buying an additional 1,394 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in NuScale Power by 1,220.7% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,845,116 shares of the company’s stock valued at $26,127,000 after buying an additional 1,705,411 shares during the last quarter. Hedge funds and other institutional investors own 78.37% of the company’s stock.

NuScale Power News Summary

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

• Positive Sentiment: Management emphasized discussions with the Tennessee Valley Authority and near-term deployment readiness. Approved reactor designs, available fuel, qualified suppliers and approximately $1.9 billion in liquidity could help NuScale advance projects despite limited current revenue. SMR Q2 Earnings Call Focuses on TVA and Deployment Readiness
• Positive Sentiment: NuScale, Curio and Framatome signed a memorandum of understanding to evaluate fuel recycling, manufacturing and other advanced nuclear-fuel-cycle technologies. The agreement may strengthen NuScale’s long-term commercialization prospects and address fuel-supply needs for future reactors. Curio, NuScale Power, and Framatome Sign Strategic MOU
• Positive Sentiment: Northland Securities maintained its Buy rating, while Canaccord Genuity retained a Buy rating despite reducing its price target from $25 to $15. The continued bullish ratings reflect confidence in future reactor deployments, though the lower target signals a more cautious valuation view. Northland Securities Keeps Buy Rating
• Neutral Sentiment: Analyst sentiment remains mixed. Several firms are neutral, and the reported consensus rating is Hold with an average target near $14.12. This suggests potential upside, but also substantial uncertainty around execution and timing. Analysts Are Neutral on NuScale Power
• Neutral Sentiment: COO Carl Fisher sold 18,771 shares worth approximately $176,000 to cover tax withholding on vested equity awards. Because the transaction was tax-related, it may have limited bearish significance, although his direct ownership fell 14.06%. SEC insider transaction filing
• Negative Sentiment: Second-quarter revenue plunged about 99% year over year to roughly $70,000–$80,000, far below the $8.8 million estimate, as RoPower-related work wound down. The $0.13-per-share loss met expectations, but the revenue miss highlights commercialization-timing risk and continuing operating losses. SMR Q2 Earnings Meet Estimates, Revenues Miss
• Negative Sentiment: Citigroup lowered its price target from $7.50 to $6.50 and maintained a Sell rating, implying that current fundamentals do not yet justify the stock’s valuation. Citigroup price-target update

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.