NuScale Power Target of Unusually Large Options Trading (NYSE:SMR)

NuScale Power Corporation (NYSE:SMR) was the target of some unusual options trading on Monday. Investors bought 32,824 call options on the stock. This is an increase of approximately 26% compared to the typical volume of 25,958 call options.

Insider Activity at NuScale Power

In related news, CTO Jose N. Reyes, Jr. sold 33,000 shares of the business’s stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $15.13, for a total value of $499,290.00. Following the completion of the sale, the chief technology officer now owns 516,207 shares of the company’s stock, valued at approximately $7,810,211.91. The trade was a 6.01% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Clayton Scott sold 10,019 shares of the business’s stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $16.78, for a total value of $168,118.82. Following the completion of the sale, the insider now directly owns 86,965 shares of the company’s stock, valued at approximately $1,459,272.70. The trade was a 10.33% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 128,278 shares of company stock valued at $2,286,280. 1.96% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of SMR. Samsung C&T Corp acquired a new position in shares of NuScale Power during the fourth quarter worth approximately $46,745,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of NuScale Power by 1,220.7% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,845,116 shares of the company’s stock valued at $26,127,000 after purchasing an additional 1,705,411 shares during the period. Arrowstreet Capital Limited Partnership bought a new stake in shares of NuScale Power during the fourth quarter valued at approximately $22,823,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of NuScale Power by 20.3% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,841,836 shares of the company’s stock valued at $96,880,000 after purchasing an additional 1,153,158 shares during the period. Finally, CloudAlpha Capital Management Limited Hong Kong bought a new stake in shares of NuScale Power during the first quarter valued at approximately $14,271,000. 78.37% of the stock is currently owned by institutional investors and hedge funds.

NuScale Power Stock Down 7.7%

Shares of SMR stock opened at $39.23 on Wednesday. NuScale Power has a 12 month low of $6.88 and a 12 month high of $45.31. The firm has a market cap of $11.16 billion, a PE ratio of -28.64 and a beta of 2.00. The stock has a 50 day moving average of $24.13 and a 200-day moving average of $21.49.

NuScale Power (NYSE:SMR) last issued its quarterly earnings results on Monday, May 12th. The company reported ($0.11) EPS for the quarter, topping analysts’ consensus estimates of ($0.17) by $0.06. NuScale Power had a positive return on equity of 0.09% and a negative net margin of 273.36%. The company had revenue of $13.38 million during the quarter, compared to analyst estimates of $1.46 million. As a group, equities analysts predict that NuScale Power will post -0.73 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Canaccord Genuity Group set a $35.00 price target on NuScale Power and gave the company a “buy” rating in a research note on Thursday, May 29th. BTIG Research restated a “buy” rating on shares of NuScale Power in a report on Tuesday, May 13th. The Goldman Sachs Group set a $24.00 target price on NuScale Power and gave the stock a “neutral” rating in a report on Tuesday, May 20th. CLSA set a $41.00 target price on NuScale Power and gave the stock an “outperform” rating in a report on Tuesday, May 27th. Finally, UBS Group boosted their target price on NuScale Power from $17.00 to $34.00 and gave the stock a “neutral” rating in a report on Thursday, May 29th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, NuScale Power presently has a consensus rating of “Moderate Buy” and a consensus price target of $27.00.

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.