NuScale Power (NYSE:SMR) Trading Down 1.7% Following Analyst Downgrade

NuScale Power Co. (NYSE:SMR) dropped 1.7% during mid-day trading on Monday after UBS Group lowered their price target on the stock from $25.00 to $17.00. UBS Group currently has a neutral rating on the stock. NuScale Power traded as low as $14.74 and last traded at $15.37. Approximately 3,304,381 shares were traded during trading, a decline of 72% from the average daily volume of 11,747,102 shares. The stock had previously closed at $15.63.

Insiders Place Their Bets

In other news, VP Jacqueline F. Engel sold 24,618 shares of NuScale Power stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $14.52, for a total transaction of $357,453.36. Following the sale, the vice president now owns 1,149 shares of the company’s stock, valued at approximately $16,683.48. The trade was a 95.54 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO John Lawrence Hopkins sold 664,568 shares of the firm’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $18.04, for a total value of $11,988,806.72. Following the sale, the chief executive officer now directly owns 34,675 shares of the company’s stock, valued at approximately $625,537. This trade represents a 95.04 % decrease in their position. The disclosure for this sale can be found here. 1.96% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. CoreCap Advisors LLC purchased a new position in shares of NuScale Power during the 4th quarter worth approximately $33,000. Venturi Wealth Management LLC boosted its position in shares of NuScale Power by 313.8% during the fourth quarter. Venturi Wealth Management LLC now owns 1,978 shares of the company’s stock worth $35,000 after buying an additional 1,500 shares during the period. Toth Financial Advisory Corp grew its stake in shares of NuScale Power by 600.0% in the fourth quarter. Toth Financial Advisory Corp now owns 2,100 shares of the company’s stock valued at $38,000 after buying an additional 1,800 shares in the last quarter. Twin Tree Management LP purchased a new stake in shares of NuScale Power in the 4th quarter valued at $42,000. Finally, Amalgamated Bank lifted its stake in NuScale Power by 51.8% during the 4th quarter. Amalgamated Bank now owns 2,889 shares of the company’s stock worth $52,000 after acquiring an additional 986 shares in the last quarter. Hedge funds and other institutional investors own 78.37% of the company’s stock.

NuScale Power Stock Down 1.9 %

The company has a current ratio of 2.24, a quick ratio of 2.24 and a debt-to-equity ratio of 0.26. The company has a market capitalization of $3.91 billion, a PE ratio of -16.13 and a beta of 1.58. The business has a fifty day moving average of $21.26 and a 200 day moving average of $18.69.

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.