NuScale Power (NYSE:SMR) Director Sells $27,156,329.50 in Stock

NuScale Power Corporation (NYSE:SMR) Director Corp Fluor sold 697,210 shares of NuScale Power stock in a transaction on Monday, September 29th. The shares were sold at an average price of $38.95, for a total transaction of $27,156,329.50. Following the transaction, the director owned 4,865,687 shares in the company, valued at $189,518,508.65. The trade was a 12.53% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Corp Fluor also recently made the following trade(s):

• On Wednesday, October 1st, Corp Fluor sold 532,354 shares of NuScale Power stock. The stock was sold at an average price of $36.52, for a total transaction of $19,441,568.08.
• On Tuesday, September 30th, Corp Fluor sold 909,055 shares of NuScale Power stock. The stock was sold at an average price of $36.72, for a total transaction of $33,380,499.60.
• On Friday, September 26th, Corp Fluor sold 588,720 shares of NuScale Power stock. The stock was sold at an average price of $37.97, for a total transaction of $22,353,698.40.
• On Thursday, September 25th, Corp Fluor sold 965,049 shares of NuScale Power stock. The stock was sold at an average price of $37.67, for a total transaction of $36,353,395.83.
• On Wednesday, September 24th, Corp Fluor sold 773,921 shares of NuScale Power stock. The stock was sold at an average price of $40.49, for a total transaction of $31,336,061.29.
• On Tuesday, September 23rd, Corp Fluor sold 981,688 shares of NuScale Power stock. The stock was sold at an average price of $42.69, for a total transaction of $41,908,260.72.
• On Monday, September 22nd, Corp Fluor sold 1,213,069 shares of NuScale Power stock. The stock was sold at an average price of $44.84, for a total transaction of $54,394,013.96.
• On Friday, September 19th, Corp Fluor sold 2,372,563 shares of NuScale Power stock. The stock was sold at an average price of $43.99, for a total transaction of $104,369,046.37.
• On Thursday, September 18th, Corp Fluor sold 1,193,504 shares of NuScale Power stock. The stock was sold at an average price of $38.95, for a total transaction of $46,486,980.80.
• On Wednesday, September 17th, Corp Fluor sold 577,046 shares of NuScale Power stock. The stock was sold at an average price of $36.00, for a total transaction of $20,773,656.00.

NuScale Power Price Performance

Shares of SMR stock opened at $40.03 on Friday. The firm has a market capitalization of $11.40 billion, a P/E ratio of -33.64 and a beta of 2.02. The company’s fifty day moving average price is $38.88 and its two-hundred day moving average price is $31.47. NuScale Power Corporation has a 12 month low of $11.08 and a 12 month high of $53.50.

NuScale Power (NYSE:SMR) last issued its earnings results on Thursday, August 7th. The company reported ($0.13) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.01). The company had revenue of $8.05 million during the quarter, compared to analyst estimates of $10.49 million. NuScale Power had a negative net margin of 221.07% and a positive return on equity of 2.61%. On average, sell-side analysts anticipate that NuScale Power Corporation will post -0.73 EPS for the current year.

Institutional Trading of NuScale Power

Institutional investors have recently made changes to their positions in the stock. Infini Capital Management Ltd acquired a new stake in NuScale Power during the second quarter valued at approximately $989,000. Orion Porfolio Solutions LLC lifted its stake in NuScale Power by 9.4% during the second quarter. Orion Porfolio Solutions LLC now owns 32,663 shares of the company’s stock valued at $1,292,000 after purchasing an additional 2,798 shares during the last quarter. Marex Group plc acquired a new stake in NuScale Power during the second quarter valued at approximately $717,000. Delos Wealth Advisors LLC acquired a new stake in NuScale Power during the second quarter valued at approximately $51,000. Finally, FORA Capital LLC acquired a new stake in NuScale Power during the second quarter valued at approximately $5,549,000. 78.37% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Bank of America restated an “underperform” rating and issued a $34.00 target price (down previously from $38.00) on shares of NuScale Power in a research note on Tuesday. BNP Paribas Exane assumed coverage on shares of NuScale Power in a research note on Friday, July 25th. They issued a “neutral” rating and a $41.00 target price on the stock. Citigroup started coverage on shares of NuScale Power in a research note on Monday, June 23rd. They issued a “neutral” rating and a $46.00 target price on the stock. Northland Securities started coverage on shares of NuScale Power in a research report on Monday, July 7th. They set a “market perform” rating and a $35.00 price objective for the company. Finally, BTIG Research downgraded shares of NuScale Power from a “buy” rating to a “neutral” rating in a research report on Wednesday, June 25th. Three equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, NuScale Power presently has an average rating of “Hold” and an average price target of $36.67.

About NuScale Power

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.