NuScale Power (NYSE:SMR) Trading Down 1.9% – Here’s What Happened

NuScale Power Corporation (NYSE:SMR) dropped 1.9% during trading on Monday . The stock traded as low as $9.13 and last traded at $9.21. Approximately 23,311,249 shares changed hands during mid-day trading, a decline of 23% from the average daily volume of 30,418,180 shares. The stock had previously closed at $9.39.

Key Headlines Impacting NuScale Power

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

• Positive Sentiment: A potential agreement with the Tennessee Valley Authority could involve 6–8 gigawatts of NuScale reactors, which management describes as potentially the largest U.S. nuclear construction program in history. A project of that scale could materially improve the company’s commercial outlook, although it remains a potential deal rather than a finalized contract. NuScale’s Potential TVA Deal Could Be 6 to 8 Gigawatts
• Positive Sentiment: NuScale is pursuing industrial-heat applications for its small modular reactors, targeting chemical, fuel and other energy-intensive industries. This could broaden its addressable market beyond electricity generation and create additional growth opportunities. Could Industrial Heat Unlock New Growth for NuScale Stock?
• Neutral Sentiment: NuScale’s cash balance increased substantially, but the improvement was driven largely by financing rather than operating revenue. The company’s future execution will also depend on nuclear-fuel, uranium-enrichment and equipment supply chains, where bottlenecks could delay reactor deployments. NuScale’s Revenue Fell 99%. Its Cash Pile Grew by $900 Million.
• Negative Sentiment: Second-quarter revenue collapsed to approximately $75,000, down about 99% year over year, after FEED studies ended. The sharp drop highlights NuScale’s limited current revenue base and continued operating losses.
• Negative Sentiment: NuScale announced a new $750 million share sale to fund operations and development. While it strengthens liquidity, issuing substantial new stock can dilute existing shareholders and reinforces concerns about the company’s reliance on capital markets. NuScale Power Falls With Q2 Revenue Drop and New Share Sale

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Bank of America started coverage on NuScale Power in a research report on Friday, May 22nd. They issued a “neutral” rating and a $12.00 price objective for the company. Weiss Ratings reiterated a “sell (d-)” rating on shares of NuScale Power in a research note on Wednesday, June 24th. HSBC assumed coverage on shares of NuScale Power in a report on Thursday, April 23rd. They issued a “hold” rating and a $13.00 price target for the company. Citigroup dropped their price objective on shares of NuScale Power from $7.50 to $6.50 and set a “sell” rating on the stock in a report on Thursday, August 6th. Finally, Barclays cut their price objective on shares of NuScale Power from $15.00 to $11.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 22nd. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, nine have given a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $13.50.

NuScale Power Price Performance

The stock has a market cap of $3.71 billion, a price-to-earnings ratio of -2.95 and a beta of 2.26. The stock’s 50 day simple moving average is $9.37 and its two-hundred day simple moving average is $11.37.

NuScale Power (NYSE:SMR) last announced its quarterly earnings data on Wednesday, August 5th. The company reported ($0.13) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.13). NuScale Power had a negative net margin of 3,888.70% and a negative return on equity of 35.59%. The company had revenue of $0.07 million during the quarter, compared to analysts’ expectations of $8.80 million. During the same quarter in the prior year, the company posted ($0.11) EPS. The business’s revenue was down 99.1% on a year-over-year basis. As a group, analysts predict that NuScale Power Corporation will post -0.64 earnings per share for the current year.

Insider Transactions at NuScale Power

In related news, COO Carl M. Fisher sold 18,771 shares of the stock in a transaction dated 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 transaction, 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 ownership of the stock. The transaction was disclosed in a document filed 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 company insiders.

Institutional Investors Weigh In On NuScale Power

Several large investors have recently modified their holdings of SMR. Vanguard Group Inc. lifted its position in shares of NuScale Power by 40.5% during the 4th quarter. Vanguard Group Inc. now owns 15,545,018 shares of the company’s stock worth $220,273,000 after buying an additional 4,482,254 shares during the period. Van ECK Associates Corp grew its position in NuScale Power by 117.8% in the fourth quarter. Van ECK Associates Corp now owns 11,515,561 shares of the company’s stock valued at $163,176,000 after acquiring an additional 6,227,747 shares during the period. Renaissance Technologies LLC acquired a new position in NuScale Power during the first quarter worth $59,141,000. Morgan Stanley raised its stake in NuScale Power by 81.0% during the fourth quarter. Morgan Stanley now owns 5,277,905 shares of the company’s stock worth $74,788,000 after acquiring an additional 2,361,532 shares in the last quarter. Finally, Samsung C&T Corp lifted its holdings in shares of NuScale Power by 98.9% during 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 period. 78.37% of the stock is currently owned by institutional investors.

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.