NuScale Power Co. (NYSE:SMR – Get Free Report) General Counsel Robert K. Temple sold 23,806 shares of the business’s stock in a transaction on Monday, May 6th. The shares were sold at an average price of $6.07, for a total value of $144,502.42. Following the sale, the general counsel now owns 19,054 shares in the company, valued at $115,657.78. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
NuScale Power Stock Performance
Shares of NYSE:SMR opened at $5.66 on Wednesday. The firm has a market capitalization of $1.33 billion, a PE ratio of -7.08 and a beta of 0.98. The firm has a fifty day moving average of $5.39 and a 200 day moving average of $3.76. NuScale Power Co. has a 52-week low of $1.81 and a 52-week high of $11.21.
NuScale Power (NYSE:SMR – Get Free Report) last issued its earnings results on Thursday, March 14th. The company reported ($0.25) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.22) by ($0.03). The firm had revenue of $4.56 million during the quarter, compared to analysts’ expectations of $1.75 million. NuScale Power had a negative return on equity of 29.93% and a negative net margin of 255.86%. On average, sell-side analysts forecast that NuScale Power Co. will post -0.64 EPS for the current fiscal year.
Hedge Funds Weigh In On NuScale Power
Wall Street Analysts Forecast Growth
SMR has been the topic of several analyst reports. Canaccord Genuity Group upped their price target on NuScale Power from $4.25 to $8.00 and gave the company a “buy” rating in a research report on Monday, March 18th. Wells Fargo & Company reissued an “underweight” rating and issued a $4.50 price target (down from $7.50) on shares of NuScale Power in a report on Tuesday, March 19th. Canaccord Genuity Group assumed coverage on shares of NuScale Power in a report on Monday, January 29th. They issued a “buy” rating and a $4.25 price target on the stock. Finally, UBS Group boosted their target price on NuScale Power from $2.00 to $10.00 and gave the stock a “neutral” rating in a research report on Tuesday, March 19th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $7.75.
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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.
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