NuScale Power Sees Unusually High Options Volume (NYSE:SMR)

NuScale Power Corporation (NYSE:SMR) was the target of some unusual options trading on Tuesday. Stock traders acquired 125,263 call options on the company. This represents an increase of approximately 67% compared to the average daily volume of 75,056 call options.

NuScale Power Stock Performance

Shares of SMR stock traded up $1.04 during mid-day trading on Tuesday, hitting $13.95. 41,354,963 shares of the stock were exchanged, compared to its average volume of 30,765,722. NuScale Power has a 12-month low of $8.85 and a 12-month high of $57.42. The stock has a market capitalization of $5.10 billion, a price-to-earnings ratio of -4.78 and a beta of 2.20. The stock’s fifty day simple moving average is $11.43 and its two-hundred day simple moving average is $15.05.

NuScale Power (NYSE:SMR) last announced its earnings results on Thursday, May 7th. The company reported ($0.14) earnings per share for the quarter, missing the consensus estimate of ($0.11) by ($0.03). NuScale Power had a negative return on equity of 48.88% and a negative net margin of 2,066.55%.The business had revenue of $0.57 million for the quarter, compared to analyst estimates of $7.00 million. The company’s revenue for the quarter was down 95.8% compared to the same quarter last year. On average, research analysts expect that NuScale Power will post -0.46 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on SMR shares. HSBC started coverage on NuScale Power in a research note on Thursday, April 23rd. They issued a “hold” rating and a $13.00 price target for the company. Zacks Research upgraded NuScale Power from a “strong sell” rating to a “hold” rating in a report on Friday, February 20th. B. Riley Financial decreased their price objective on NuScale Power from $24.00 to $19.00 and set a “buy” rating on the stock in a report on Friday, April 24th. Cantor Fitzgerald decreased their price target on NuScale Power from $55.00 to $20.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 24th. Finally, Royal Bank Of Canada cut their price target on NuScale Power from $21.00 to $14.00 and set a “sector perform” rating on the stock in a report on Monday, March 2nd. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, nine have issued a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $15.92.

Insider Buying and Selling at NuScale Power

In related news, Director Corp Fluor sold 13,500,000 shares of NuScale Power stock in a transaction dated Thursday, April 9th. The stock was sold at an average price of $12.07, for a total value of $162,945,000.00. Following the completion of the transaction, the director owned 26,436,472 shares in the company, valued at $319,088,217.04. The trade was a 33.80% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In the last ninety days, insiders sold 39,936,472 shares of company stock valued at $472,831,169. 1.28% of the stock is owned by insiders.

Institutional Investors Weigh In On NuScale Power

A number of institutional investors have recently added to or reduced their stakes in SMR. Royal Bank of Canada lifted its position in shares of NuScale Power by 623.4% during the 1st quarter. Royal Bank of Canada now owns 457,276 shares of the company’s stock valued at $6,475,000 after acquiring an additional 394,065 shares during the period. AQR Capital Management LLC lifted its position in shares of NuScale Power by 37.4% during the 1st quarter. AQR Capital Management LLC now owns 37,614 shares of the company’s stock valued at $533,000 after acquiring an additional 10,244 shares during the period. Integrated Wealth Concepts LLC acquired a new position in shares of NuScale Power during the 1st quarter worth approximately $390,000. Jones Financial Companies Lllp raised its position in shares of NuScale Power by 9.1% during the 1st quarter. Jones Financial Companies Lllp now owns 16,793 shares of the company’s stock worth $238,000 after purchasing an additional 1,394 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of NuScale Power by 1,220.7% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,845,116 shares of the company’s stock worth $26,127,000 after purchasing an additional 1,705,411 shares during the last quarter. Hedge funds and other institutional investors own 78.37% of the company’s stock.

NuScale Power Company Profile

NuScale Power Corporation, trading on the NYSE American under the ticker SMR, is a pioneering developer of small modular nuclear reactors. Established in 2007 as a spinout from Oregon State University, the company is headquartered in Portland, Oregon. NuScale’s mission is to deliver zero-carbon baseload power through scalable modular reactor technology, aiming to transform traditional nuclear energy deployment.

At the core of NuScale’s offering is the VOYGR small modular reactor design, featuring 77-megawatt electric (MWe) modules with passive safety systems.