NuScale Power (NYSE:SMR) Director Corp Fluor Sells 854,033 Shares

NuScale Power Corporation (NYSE:SMR) Director Corp Fluor sold 854,033 shares of NuScale Power stock in a transaction on Monday, October 6th. The shares were sold at an average price of $42.41, for a total transaction of $36,219,539.53. Following the completion of the sale, the director owned 908,761 shares in the company, valued at $38,540,554.01. The trade was a 48.45% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

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

• On Friday, October 3rd, Corp Fluor sold 797,572 shares of NuScale Power stock. The shares were sold at an average price of $39.97, for a total value of $31,878,952.84.
• On Thursday, October 2nd, Corp Fluor sold 863,912 shares of NuScale Power stock. The shares were sold at an average price of $38.42, for a total value of $33,191,499.04.
• On Wednesday, October 1st, Corp Fluor sold 532,354 shares of NuScale Power stock. The shares were sold at an average price of $36.52, for a total value of $19,441,568.08.
• On Tuesday, September 30th, Corp Fluor sold 909,055 shares of NuScale Power stock. The shares were sold at an average price of $36.72, for a total value of $33,380,499.60.
• On Monday, September 29th, Corp Fluor sold 697,210 shares of NuScale Power stock. The stock was sold at an average price of $38.95, for a total value of $27,156,329.50.
• On Friday, September 26th, Corp Fluor sold 588,720 shares of NuScale Power stock. The shares were sold at an average price of $37.97, for a total value of $22,353,698.40.
• On Thursday, September 25th, Corp Fluor sold 965,049 shares of NuScale Power stock. The shares were 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 shares were 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.

NuScale Power Stock Performance

Shares of SMR stock opened at $41.94 on Tuesday. NuScale Power Corporation has a 52-week low of $11.08 and a 52-week high of $53.50. The stock has a market cap of $11.95 billion, a price-to-earnings ratio of -35.24 and a beta of 2.02. The firm’s 50-day moving average is $38.69 and its 200-day moving average is $31.82.

NuScale Power (NYSE:SMR) last released its quarterly earnings data on Thursday, August 7th. The company reported ($0.13) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.12) by ($0.01). NuScale Power had a negative net margin of 221.07% and a positive return on equity of 2.61%. The business had revenue of $8.05 million during the quarter, compared to the consensus estimate of $10.49 million. Sell-side analysts predict that NuScale Power Corporation will post -0.73 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have commented on SMR. BNP Paribas Exane assumed coverage on shares of NuScale Power in a report on Friday, July 25th. They issued a “neutral” rating and a $41.00 price objective on the stock. Royal Bank Of Canada started coverage on shares of NuScale Power in a research note on Monday, September 15th. They issued a “sector perform” rating and a $35.00 price target on the stock. Canaccord Genuity Group raised their price objective on shares of NuScale Power from $44.00 to $60.00 and gave the stock a “buy” rating in a research report on Wednesday, September 3rd. BTIG Research cut NuScale Power from a “buy” rating to a “neutral” rating in a report on Wednesday, June 25th. Finally, Barclays initiated coverage on NuScale Power in a research note on Monday, September 29th. They set an “equal weight” rating and a $45.00 target price on the stock. Three research analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $36.67.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Harbour Investments Inc. lifted its position in NuScale Power by 21.3% during the second quarter. Harbour Investments Inc. now owns 1,156 shares of the company’s stock worth $46,000 after purchasing an additional 203 shares during the period. D.A. Davidson & CO. raised its position in shares of NuScale Power by 1.0% in the 2nd quarter. D.A. Davidson & CO. now owns 20,822 shares of the company’s stock valued at $824,000 after buying an additional 212 shares in the last quarter. TD Waterhouse Canada Inc. lifted its holdings in shares of NuScale Power by 14.8% during the 2nd quarter. TD Waterhouse Canada Inc. now owns 2,641 shares of the company’s stock worth $95,000 after acquiring an additional 341 shares during the period. Rothschild Investment LLC lifted its holdings in shares of NuScale Power by 45.2% during the 2nd quarter. Rothschild Investment LLC now owns 1,125 shares of the company’s stock worth $45,000 after acquiring an additional 350 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. boosted its position in shares of NuScale Power by 84.5% during the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 784 shares of the company’s stock worth $31,000 after acquiring an additional 359 shares in the last quarter. Institutional investors own 78.37% of the company’s stock.

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.