NuScale Power (NYSE:SMR) Given New $3.50 Price Target at Citigroup

NuScale Power (NYSE:SMR) had its price objective trimmed by Citigroup from $4.00 to $3.50 in a report published on Friday,Benzinga reports. The brokerage currently has a sell rating on the stock.

Several other research analysts have also commented on SMR. Royal Bank Of Canada decreased their price objective on shares of NuScale Power from $7.00 to $5.00 and set a “sector perform” rating for the company in a report on Friday. Cantor Fitzgerald cut their target price on shares of NuScale Power from $20.00 to $15.00 and set an “overweight” rating on the stock in a research note on Friday. Wedbush began coverage on shares of NuScale Power in a research note on Tuesday. They issued an “underperform” rating and a $5.00 price target for the company. B. Riley Financial lowered their price objective on shares of NuScale Power from $15.00 to $10.00 and set a “buy” rating for the company in a report on Wednesday, October 28th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of NuScale Power in a report on Monday, September 21st. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, seven have assigned a Hold rating and five have given a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $8.73.

NuScale Power Trading Up 14.6%

Shares of SMR stock traded up $0.64 during trading hours on Friday, reaching $5.01. The company’s stock had a trading volume of 40,698,565 shares, compared to its average volume of 31,305,372. The stock has a market capitalization of $2.15 billion, a P/E ratio of -4.24 and a beta of 2.42. NuScale Power has a one year low of $4.28 and a one year high of $32.09. The firm’s fifty day simple moving average is $7.44 and its 200 day simple moving average is $10.56.

NuScale Power (NYSE:SMR) last announced its earnings results on Thursday, November 5th. The company reported ($0.11) EPS for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.01. NuScale Power had a negative return on equity of 35.59% and a negative net margin of 3,888.70%. The company had revenue of $0.28 million during the quarter, compared to the consensus estimate of $3.66 million. During the same quarter in the prior year, the company earned ($1.85) earnings per share. The firm’s revenue for the quarter was down 96.6% on a year-over-year basis. As a group, equities research analysts forecast that NuScale Power will post -0.59 earnings per share for the current fiscal year.

Insider Buying and Selling at NuScale Power

In other news, CFO Robert Hamady sold 29,880 shares of the company’s stock in a transaction dated Thursday, August 27th. The shares were sold at an average price of $9.39, for a total value of $280,573.20. Following the sale, the chief financial officer directly owned 124,235 shares of the company’s stock, valued at $1,166,566.65. This represents a 19.39% decrease in their position. The transaction was disclosed in a filing 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 stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $8.86, for a total transaction of $177,200.00. Following the completion of the transaction, the director owned 17,242 shares of the company’s stock, valued at approximately $152,764.12. The trade was a 53.70% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 69,880 shares of company stock valued at $615,573 in the last three months. Insiders own 1.28% of the company’s stock.

Institutional Investors Weigh In On NuScale Power

Several hedge funds have recently bought and sold shares of SMR. Renaissance Technologies LLC purchased a new position in shares of NuScale Power during the first quarter valued at approximately $59,141,000. Bank of America Corp DE grew its stake in shares of NuScale Power by 33.4% in the 1st quarter. Bank of America Corp DE now owns 2,062,232 shares of the company’s stock worth $22,355,000 after buying an additional 516,097 shares during the last quarter. Swedbank AB grew its stake in shares of NuScale Power by 36.3% in the 1st quarter. Swedbank AB now owns 1,502,300 shares of the company’s stock worth $16,285,000 after buying an additional 400,240 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund bought a new position in NuScale Power during the 1st quarter valued at approximately $4,336,000. Finally, Empowered Funds LLC bought a new position in NuScale Power during the 1st quarter valued at approximately $1,404,000. Institutional investors own 78.37% of the company’s stock.

NuScale Power News Summary

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

• Positive Sentiment: NuScale says it has begun moving from reactor development toward physical module manufacturing, working with Doosan Enerbility. The company cited about $1.9 billion in liquidity and its NRC-approved reactor design; securing commercial orders, including progress in negotiations with the Tennessee Valley Authority, remains important. SMR Q3 Earnings Call Highlights Shift to Module Manufacturing
• Positive Sentiment: SMR shares benefited from a rebound in nuclear stocks, while NuScale’s CEO said the company is not reliant on data-center demand. That may help ease concerns that its prospects depend on a single source of electricity demand. NuScale: We’re “Not Reliant on Data Centers”
• Neutral Sentiment: Analyst views diverged: Cantor Fitzgerald lowered its target to $15 but maintained an Overweight rating, while RBC cut its target to $5 and kept Sector Perform. Canaccord price-target report
• Negative Sentiment: Citigroup cut its price target from $4 to $3.50 and rated the stock Sell, adding to pressure from analysts reassessing the shares. Citigroup rating information
• Negative Sentiment: Third-quarter revenue was only $0.28 million, far below the $3.66 million analyst estimate and down 96.6% year over year. The $0.11-per-share loss was slightly better than the $0.12 consensus, but the revenue shortfall highlights the distance between manufacturing progress and meaningful sales. NuScale Power Reports Third Quarter 2026 Results

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.