Corp Fluor Sells 820,861 Shares of NuScale Power (NYSE:SMR) Stock

NuScale Power Corporation (NYSE:SMR) Director Corp Fluor sold 820,861 shares of NuScale Power stock in a transaction dated Tuesday, October 7th. The stock was sold at an average price of $40.68, for a total value of $33,392,625.48. Following the completion of the transaction, the director directly owned 87,900 shares of the company’s stock, valued at approximately $3,575,772. This trade represents a 90.33% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Corp Fluor also recently made the following trade(s):

• On Wednesday, October 8th, Corp Fluor sold 87,900 shares of NuScale Power stock. The stock was sold at an average price of $39.58, for a total value of $3,479,082.00.
• On Monday, October 6th, Corp Fluor sold 854,033 shares of NuScale Power stock. The stock was sold at an average price of $42.41, for a total value of $36,219,539.53.
• On Friday, October 3rd, Corp Fluor sold 797,572 shares of NuScale Power stock. The shares were sold at an average price of $39.97, for a total value of $31,878,952.84.
• On Thursday, October 2nd, Corp Fluor sold 863,912 shares of NuScale Power stock. The shares were sold at an average price of $38.42, for a total value of $33,191,499.04.
• On Wednesday, October 1st, Corp Fluor sold 532,354 shares of NuScale Power stock. The shares were sold at an average price of $36.52, for a total value of $19,441,568.08.
• On Tuesday, September 30th, Corp Fluor sold 909,055 shares of NuScale Power stock. The shares were sold at an average price of $36.72, for a total value of $33,380,499.60.
• On Monday, September 29th, Corp Fluor sold 697,210 shares of NuScale Power stock. The shares were sold at an average price of $38.95, for a total value of $27,156,329.50.
• On Friday, September 26th, Corp Fluor sold 588,720 shares of NuScale Power stock. The shares were sold at an average price of $37.97, for a total value of $22,353,698.40.
• On Thursday, September 25th, Corp Fluor sold 965,049 shares of NuScale Power stock. The shares were sold at an average price of $37.67, for a total value of $36,353,395.83.
• On Wednesday, September 24th, Corp Fluor sold 773,921 shares of NuScale Power stock. The shares were sold at an average price of $40.49, for a total value of $31,336,061.29.

NuScale Power Price Performance

Shares of NuScale Power stock opened at $39.29 on Friday. NuScale Power Corporation has a one year low of $11.08 and a one year high of $53.50. The firm has a market capitalization of $11.19 billion, a price-to-earnings ratio of -33.02 and a beta of 2.02. The business has a 50-day simple moving average of $37.96 and a 200 day simple moving average of $32.21.

NuScale Power (NYSE:SMR) last issued its earnings results on Thursday, August 7th. The company reported ($0.13) EPS for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.01). The firm had revenue of $8.05 million during the quarter, compared to the consensus estimate of $10.49 million. NuScale Power had a negative net margin of 221.07% and a positive return on equity of 2.61%. On average, sell-side analysts expect that NuScale Power Corporation will post -0.73 EPS for the current year.

Hedge Funds Weigh In On NuScale Power

Several institutional investors have recently bought and sold shares of SMR. Quantbot Technologies LP purchased a new position in NuScale Power in the first quarter valued at approximately $27,000. Thurston Springer Miller Herd & Titak Inc. lifted its stake in NuScale Power by 84.5% in the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 784 shares of the company’s stock valued at $31,000 after purchasing an additional 359 shares during the last quarter. Rothschild Investment LLC raised its holdings in NuScale Power by 45.2% during the 2nd quarter. Rothschild Investment LLC now owns 1,125 shares of the company’s stock valued at $45,000 after acquiring an additional 350 shares during the period. NBC Securities Inc. raised its holdings in NuScale Power by 165,450.0% during the 1st quarter. NBC Securities Inc. now owns 3,311 shares of the company’s stock valued at $46,000 after acquiring an additional 3,309 shares during the period. Finally, Harbour Investments Inc. raised its holdings in NuScale Power by 21.3% during the 2nd quarter. Harbour Investments Inc. now owns 1,156 shares of the company’s stock valued at $46,000 after acquiring an additional 203 shares during the period. Hedge funds and other institutional investors own 78.37% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have commented on SMR. Northland Capmk raised NuScale Power to a “hold” rating in a report on Monday, July 7th. BTIG Research lowered NuScale Power from a “buy” rating to a “neutral” rating in a report on Wednesday, June 25th. Weiss Ratings reissued a “sell (e+)” rating on shares of NuScale Power in a report on Wednesday. Canaccord Genuity Group boosted their price objective on NuScale Power from $44.00 to $60.00 and gave the stock a “buy” rating in a report on Wednesday, September 3rd. Finally, Citigroup began coverage on NuScale Power in a report on Monday, June 23rd. They set a “neutral” rating and a $46.00 price objective for the company. Three equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, NuScale Power currently has a consensus rating of “Hold” and a consensus price target of $36.67.

About NuScale Power

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.