Corp Fluor Sells 87,900 Shares of NuScale Power (NYSE:SMR) Stock

NuScale Power Corporation (NYSE:SMR) Director Corp Fluor sold 87,900 shares of the firm’s stock in a transaction dated Wednesday, October 8th. The shares were sold at an average price of $39.58, for a total value of $3,479,082.00. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

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

• On Tuesday, October 7th, Corp Fluor sold 820,861 shares of NuScale Power stock. The stock was sold at an average price of $40.68, for a total value of $33,392,625.48.
• 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 stock was 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 stock was 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 stock was 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 stock was 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 stock was 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 stock was 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 stock was 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 stock was sold at an average price of $40.49, for a total value of $31,336,061.29.

NuScale Power Price Performance

Shares of NYSE SMR opened at $39.29 on Friday. The business’s 50 day moving average is $37.96 and its two-hundred day moving average is $32.21. NuScale Power Corporation has a 1-year low of $11.08 and a 1-year high of $53.50. The stock has a market capitalization of $11.19 billion, a P/E ratio of -33.02 and a beta of 2.02.

NuScale Power (NYSE:SMR) last issued its quarterly earnings data on Thursday, August 7th. The company reported ($0.13) earnings per share for the quarter, missing the consensus estimate of ($0.12) by ($0.01). NuScale Power had a positive return on equity of 2.61% and a negative net margin of 221.07%.The company had revenue of $8.05 million for the quarter, compared to the consensus estimate of $10.49 million. As a group, equities research analysts anticipate that NuScale Power Corporation will post -0.73 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have weighed in on SMR shares. UBS Group boosted their price objective on NuScale Power from $34.00 to $38.00 and gave the stock a “neutral” rating in a research note on Monday, August 11th. Weiss Ratings reissued a “sell (e+)” rating on shares of NuScale Power in a research note on Wednesday. Royal Bank Of Canada began coverage on NuScale Power in a research report on Monday, September 15th. They set a “sector perform” rating and a $35.00 target price for the company. Northland Securities began coverage on NuScale Power in a research report on Monday, July 7th. They set a “market perform” rating and a $35.00 target price for the company. Finally, Canaccord Genuity Group boosted their target price on NuScale Power from $44.00 to $60.00 and gave the company a “buy” rating in a research report on Wednesday, September 3rd. Three analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, NuScale Power has a consensus rating of “Hold” and an average target price of $36.67.

Institutional Trading of NuScale Power

Large investors have recently modified their holdings of the company. Quantbot Technologies LP purchased a new stake in shares of NuScale Power in the first quarter valued at approximately $27,000. Thurston Springer Miller Herd & Titak Inc. boosted its holdings in shares of 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 period. Rothschild Investment LLC boosted its holdings in shares of NuScale Power by 45.2% in the second quarter. Rothschild Investment LLC now owns 1,125 shares of the company’s stock valued at $45,000 after purchasing an additional 350 shares during the period. NBC Securities Inc. boosted its holdings in shares of NuScale Power by 165,450.0% in the first quarter. NBC Securities Inc. now owns 3,311 shares of the company’s stock valued at $46,000 after purchasing an additional 3,309 shares during the period. Finally, Harbour Investments Inc. boosted its holdings in shares of NuScale Power by 21.3% in the second quarter. Harbour Investments Inc. now owns 1,156 shares of the company’s stock valued at $46,000 after purchasing an additional 203 shares during the period. Hedge funds and other institutional investors own 78.37% of the company’s stock.

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.