NuScale Power (NYSE:SMR) Shares Down 6.8% – Here’s What Happened

NuScale Power Corporation (NYSE:SMR) shares traded down 6.8% on Friday . The company traded as low as $11.16 and last traded at $11.2350. 24,775,399 shares traded hands during trading, a decline of 15% from the average session volume of 29,080,852 shares. The stock had previously closed at $12.06.

Key NuScale Power News

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

• Positive Sentiment: NuScale continues to attract bullish attention from analysts and market commentators who see it as a leading small modular reactor play, with some pieces citing meaningful upside potential and positioning it as a key beneficiary of the nuclear power buildout. NuScale Power (SMR) Is Among The Best Nuclear Energy Stocks To Buy As SMRs Go Mainstream
• Positive Sentiment: South Korea reportedly discussed a potential investment and partnership tied to NuScale’s SMR program, which could add an international reference project and strengthen the company’s commercial pipeline. South Korea Talks Add New Test For NuScale Power SMR Story
• Positive Sentiment: Cantor Fitzgerald reiterated a buy rating on NuScale Power, suggesting some Wall Street firms remain supportive despite near-term volatility. Cantor Fitzgerald Remains a Buy on NuScale Power (SMR)

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Canaccord Genuity Group dropped their target price on NuScale Power from $60.00 to $25.00 and set a “buy” rating for the company in a report on Friday, February 27th. Texas Capital raised NuScale Power to a “strong-buy” rating in a report on Tuesday, January 27th. Cantor Fitzgerald dropped their target price on NuScale Power from $55.00 to $20.00 and set an “overweight” rating for the company in a report on Tuesday, February 24th. Weiss Ratings reissued a “sell (d-)” rating on shares of NuScale Power in a report on Friday, March 27th. Finally, B. Riley Financial dropped their target price on NuScale Power from $24.00 to $19.00 and set a “buy” rating for the company in a report on Friday, April 24th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, nine have given a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $19.08.

NuScale Power Stock Down 6.8%

The firm has a market cap of $4.11 billion, a price-to-earnings ratio of -3.85 and a beta of 2.24. The stock has a 50 day moving average of $11.54 and a 200 day moving average of $17.15.

NuScale Power (NYSE:SMR) last posted its quarterly earnings results on Thursday, May 7th. The company reported ($0.14) EPS for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.03). The company had revenue of $0.57 million during the quarter, compared to analyst estimates of $7.00 million. NuScale Power had a negative net margin of 2,066.55% and a negative return on equity of 48.88%. The firm’s revenue was down 95.8% compared to the same quarter last year. As a group, analysts predict that NuScale Power Corporation will post -0.46 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CTO Jose N. Reyes, Jr. sold 25,951 shares of the business’s stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of $12.22, for a total value of $317,121.22. Following the completion of the transaction, the chief technology officer owned 268,081 shares of the company’s stock, valued at $3,275,949.82. The trade was a 8.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, COO Carl M. Fisher sold 22,197 shares of the business’s stock in a transaction dated Tuesday, March 3rd. The shares were sold at an average price of $12.22, for a total value of $271,247.34. Following the completion of the transaction, the chief operating officer directly owned 140,141 shares of the company’s stock, valued at approximately $1,712,523.02. This trade represents a 13.67% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 40,572,082 shares of company stock valued at $481,029,608 over the last 90 days. 1.28% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of SMR. Strategic Advocates LLC acquired a new position in NuScale Power during the third quarter worth about $25,000. Nemes Rush Group LLC acquired a new position in NuScale Power during the third quarter worth about $25,000. Accredited Wealth Management LLC acquired a new position in NuScale Power during the third quarter worth about $35,000. Triumph Capital Management acquired a new position in NuScale Power during the third quarter worth about $37,000. Finally, Ameritas Advisory Services LLC raised its stake in NuScale Power by 292.9% during the third quarter. Ameritas Advisory Services LLC now owns 1,100 shares of the company’s stock worth $40,000 after acquiring an additional 820 shares in the last quarter. 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.