NuScale Power Sees Unusually High Options Volume (NYSE:SMR)

NuScale Power Corporation (NYSE:SMR) saw some unusual options trading on Tuesday. Stock investors bought 78,629 call options on the company. This is an increase of 29% compared to the typical volume of 60,840 call options.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on SMR shares. Northland Securities set a $16.00 price target on shares of NuScale Power in a research report on Thursday, August 6th. B. Riley Financial dropped their target price on shares of NuScale Power from $19.00 to $15.00 and set a “buy” rating on the stock in a research note on Friday, August 14th. Citigroup reduced their target price on shares of NuScale Power from $7.50 to $6.50 and set a “sell” rating for the company in a research report on Thursday, August 6th. The Goldman Sachs Group set a $9.00 price target on shares of NuScale Power in a research note on Friday, May 8th. Finally, Barclays dropped their price objective on NuScale Power from $15.00 to $11.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 22nd. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, nine have issued a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $13.50.

Insiders Place Their Bets

In other NuScale Power news, COO Carl M. Fisher sold 18,771 shares of the company’s stock in a transaction on Wednesday, August 5th. The stock was 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 in the company, valued at $1,073,760.48. This represents a 14.06% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Shinji Fujino sold 20,000 shares of the firm’s stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $8.86, for a total value of $177,200.00. Following the sale, the director directly owned 17,242 shares of the company’s stock, valued at approximately $152,764.12. This represents a 53.70% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 1.28% of the company’s stock.

Hedge Funds Weigh In On NuScale Power

Large investors have recently made changes to their positions in the stock. Royal Bank of Canada raised its stake in shares of NuScale Power by 623.4% during the 1st quarter. Royal Bank of Canada now owns 457,276 shares of the company’s stock valued at $6,475,000 after purchasing an additional 394,065 shares during the period. AQR Capital Management LLC boosted its stake in NuScale Power by 37.4% in 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 period. Integrated Wealth Concepts LLC purchased a new position in NuScale Power during the 1st quarter valued at about $390,000. Jones Financial Companies Lllp grew its holdings in NuScale Power by 9.1% during 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 in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of NuScale Power by 1,220.7% during 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 period. 78.37% of the stock is owned by institutional investors.

NuScale Power Price Performance

Shares of SMR traded up $0.76 during trading hours on Tuesday, hitting $9.81. The company’s stock had a trading volume of 55,374,176 shares, compared to its average volume of 30,755,682. The business has a 50 day simple moving average of $9.32 and a two-hundred day simple moving average of $11.13. NuScale Power has a 52-week low of $7.21 and a 52-week high of $57.42. The company has a market cap of $4.22 billion, a price-to-earnings ratio of -3.36 and a beta of 2.26.

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

NuScale Power Company Profile

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.