NuScale Power (NYSE:SMR) Stock Gets Price Target Trim from B. Riley Financial

NuScale Power (NYSE:SMR) had its target price reduced by B. Riley Financial from $15.00 to $10.00 in a research report report published on Wednesday morning,Benzinga reports. B. Riley Financial currently has a buy rating on the stock.

Several other equities analysts also recently commented on SMR. UBS Group downgraded NuScale Power from a “neutral” rating to a “sell” rating and dropped their price objective for the company from $10.00 to $6.00 in a research note on Friday, September 11th. Northland Securities set a $16.00 target price on NuScale Power in a research report on Thursday, August 6th. Royal Bank Of Canada lowered their target price on NuScale Power from $14.00 to $10.00 and set a “sector perform” rating on the stock in a research note on Tuesday, August 11th. Weiss Ratings restated a “sell (d-)” rating on shares of NuScale Power in a research note on Monday, September 21st. Finally, Citigroup dropped their price target on NuScale Power from $6.50 to $4.00 and set a “sell” rating on the stock in a research report on Wednesday, October 21st. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, seven have issued a Hold rating and four have given a Sell rating to the company. According to MarketBeat.com, NuScale Power presently has a consensus rating of “Hold” and an average target price of $10.67.

NuScale Power Price Performance

NYSE SMR opened at $5.62 on Wednesday. The stock has a market capitalization of $2.42 billion, a price-to-earnings ratio of -1.92 and a beta of 2.36. NuScale Power has a one year low of $5.20 and a one year high of $45.54. The business’s fifty day moving average is $7.89 and its 200-day moving average is $10.92.

NuScale Power (NYSE:SMR) last posted its quarterly earnings results on Wednesday, August 5th. The company reported ($0.13) earnings per share for the quarter, meeting the consensus estimate 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 analyst estimates of $8.80 million. During the same quarter in the prior year, the business earned ($0.11) earnings per share. The firm’s revenue for the quarter was down 99.1% on a year-over-year basis. Research analysts expect that NuScale Power will post -0.64 EPS for the current fiscal year.

Insider Buying and Selling

In other news, COO Carl Fisher sold 18,771 shares of NuScale Power stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $9.36, for a total value of $175,696.56. Following the transaction, the chief operating officer owned 114,718 shares in the company, valued at approximately $1,073,760.48. The trade was a 14.06% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Robert Hamady sold 29,880 shares of NuScale Power stock in a transaction dated Thursday, August 27th. The stock was sold at an average price of $9.39, for a total value of $280,573.20. Following the completion of the transaction, the chief financial officer owned 124,235 shares in the company, valued at approximately $1,166,566.65. This represents a 19.39% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 88,651 shares of company stock worth $791,270 in the last 90 days. 1.28% of the stock is owned by company insiders.

Hedge Funds Weigh In On NuScale Power

A number of large investors have recently bought and sold shares of SMR. Renaissance Technologies LLC purchased a new stake in NuScale Power in the 1st quarter worth about $59,141,000. Bank of America Corp DE lifted its stake in NuScale Power by 33.4% in the first quarter. Bank of America Corp DE now owns 2,062,232 shares of the company’s stock worth $22,355,000 after purchasing an additional 516,097 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new stake in NuScale Power in the third quarter worth about $12,785,000. Swedbank AB boosted its position in shares of NuScale Power by 36.3% during the first quarter. Swedbank AB now owns 1,502,300 shares of the company’s stock valued at $16,285,000 after buying an additional 400,240 shares during the period. Finally, Bank of New York Mellon Corp boosted its position in shares of NuScale Power by 21.9% during the first quarter. Bank of New York Mellon Corp now owns 482,517 shares of the company’s stock valued at $5,230,000 after buying an additional 86,652 shares during the period. 78.37% of the stock is owned by hedge funds and other institutional investors.

Key Headlines Impacting NuScale Power

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

• Positive Sentiment: NuScale signed a contract with South Korea’s Doosan Enerbility to manufacture critical upper reactor pressure vessel and coolant-system components for its NRC-approved NuScale Power Module. The agreement moves the company beyond design and material procurement toward producing deliverable reactor hardware, improving visibility into manufacturing readiness and potential future project revenue. NuScale Power and Doosan Enerbility Sign Agreement for Manufacturing of NuScale Power Module
• Positive Sentiment: The Doosan announcement initially lifted NuScale shares as investors viewed it as evidence that the company is converting its approved small modular reactor design into physical equipment. The partnership could support NuScale’s efforts to commercialize its technology and establish a supply chain for future deployments. NuScale Power Rises on Doosan Manufacturing Deal
• Neutral Sentiment: Despite the manufacturing milestone, NuScale remains a highly speculative investment. The stock has suffered a substantial decline over the past year, and the Doosan contract does not immediately establish a firm revenue contribution or guarantee reactor project deliveries. Is NuScale Power Undervalued Following Its Doosan Manufacturing Deal?
• Negative Sentiment: B. Riley Financial issued a pessimistic forecast for NuScale’s stock, adding pressure after the recent deal-related rally. Investor concerns are reinforced by the company’s continuing losses, extremely limited reported revenue, and substantial execution risk as it attempts to commercialize its reactor technology. B. Riley Financial Issues Pessimistic Forecast for NuScale Power

About NuScale Power

NuScale Power Corporation develops small modular reactor (SMR) technology for producing electricity and other forms of low-carbon energy. The company’s core product is the NuScale Power Module, a compact pressurized-water reactor designed to be manufactured in a factory, transported to a site and deployed in scalable configurations.

NuScale markets its technology through the VOYGR power plant platform, which can combine multiple reactor modules to meet the needs of utilities, industrial users and other customers.