Robert K. Temple Sells 8,873 Shares of NuScale Power Co. (NYSE:SMR) Stock

NuScale Power Co. (NYSE:SMR) General Counsel Robert K. Temple sold 8,873 shares of the stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $6.04, for a total transaction of $53,592.92. Following the transaction, the general counsel now owns 42,860 shares in the company, valued at $258,874.40. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

NuScale Power Price Performance

Shares of SMR opened at $5.66 on Wednesday. NuScale Power Co. has a 12 month low of $1.81 and a 12 month high of $11.21. The company has a market cap of $1.33 billion, a P/E ratio of -7.08 and a beta of 0.98. The stock has a fifty day moving average price of $5.39 and a 200 day moving average price of $3.76.

NuScale Power (NYSE:SMR) last posted its earnings results on Thursday, March 14th. The company reported ($0.25) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.22) by ($0.03). NuScale Power had a negative net margin of 255.86% and a negative return on equity of 29.93%. The firm had revenue of $4.56 million for the quarter, compared to analyst estimates of $1.75 million. As a group, research analysts anticipate that NuScale Power Co. will post -0.64 earnings per share for the current year.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Canaccord Genuity Group started coverage on NuScale Power in a report on Monday, January 29th. They issued a “buy” rating and a $4.25 price objective for the company. Wells Fargo & Company restated an “underweight” rating and set a $4.50 price objective (down from $7.50) on shares of NuScale Power in a research note on Tuesday, March 19th. Canaccord Genuity Group boosted their target price on shares of NuScale Power from $4.25 to $8.00 and gave the company a “buy” rating in a research note on Monday, March 18th. Finally, UBS Group raised their price target on shares of NuScale Power from $2.00 to $10.00 and gave the stock a “neutral” rating in a research report on Tuesday, March 19th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $7.75.

Hedge Funds Weigh In On NuScale Power

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Global Retirement Partners LLC acquired a new position in NuScale Power during the 4th quarter worth $25,000. Essex Private Wealth Management LLC bought a new stake in shares of NuScale Power during the fourth quarter valued at about $33,000. Sloy Dahl & Holst LLC bought a new position in NuScale Power in the 4th quarter valued at about $33,000. Arizona State Retirement System acquired a new position in NuScale Power during the 4th quarter valued at about $34,000. Finally, Raymond James Financial Services Advisors Inc. bought a new stake in shares of NuScale Power during the 4th quarter worth about $36,000. 15.28% of the stock is owned by institutional investors.

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.