NuScale Power (NYSE:SMR) Director Sells $41,908,260.72 in Stock

NuScale Power Corporation (NYSE:SMR) Director Corp Fluor sold 981,688 shares of the company’s stock in a transaction on Tuesday, September 23rd. The shares were sold at an average price of $42.69, for a total value of $41,908,260.72. Following the completion of the transaction, the director directly owned 7,890,587 shares in the company, valued at approximately $336,849,159.03. The trade was a 11.06% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Corp Fluor also recently made the following trade(s):

• On Monday, September 22nd, Corp Fluor sold 1,213,069 shares of NuScale Power stock. The stock was sold at an average price of $44.84, for a total value of $54,394,013.96.
• On Friday, September 19th, Corp Fluor sold 2,372,563 shares of NuScale Power stock. The stock was sold at an average price of $43.99, for a total value of $104,369,046.37.
• On Thursday, September 18th, Corp Fluor sold 1,193,504 shares of NuScale Power stock. The stock was sold at an average price of $38.95, for a total value of $46,486,980.80.
• On Wednesday, September 17th, Corp Fluor sold 577,046 shares of NuScale Power stock. The stock was sold at an average price of $36.00, for a total value of $20,773,656.00.
• On Tuesday, September 16th, Corp Fluor sold 771,543 shares of NuScale Power stock. The stock was sold at an average price of $37.26, for a total value of $28,747,692.18.

NuScale Power Stock Performance

Shares of SMR opened at $37.60 on Friday. The business’s 50-day moving average is $40.13 and its two-hundred day moving average is $30.58. The company has a market capitalization of $10.71 billion, a P/E ratio of -31.60 and a beta of 2.03. NuScale Power Corporation has a fifty-two week low of $10.71 and a fifty-two week high of $53.50.

NuScale Power (NYSE:SMR) last posted its earnings results on Thursday, August 7th. The company reported ($0.13) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.12) by ($0.01). NuScale Power had a negative net margin of 221.07% and a positive return on equity of 2.61%. The firm had revenue of $8.05 million during the quarter, compared to analyst estimates of $10.49 million. Analysts forecast that NuScale Power Corporation will post -0.73 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. BTIG Research cut NuScale Power from a “buy” rating to a “neutral” rating in a research report on Wednesday, June 25th. Royal Bank Of Canada assumed coverage on NuScale Power in a research report on Monday, September 15th. They set a “sector perform” rating and a $35.00 target price on the stock. Canaccord Genuity Group raised their target price on NuScale Power from $44.00 to $60.00 and gave the company a “buy” rating in a research report on Wednesday, September 3rd. Northland Capmk upgraded NuScale Power to a “hold” rating in a research report on Monday, July 7th. Finally, Northland Securities initiated coverage on shares of NuScale Power in a research note on Monday, July 7th. They issued a “market perform” rating and a $35.00 price target on the stock. Three research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $36.09.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Harbour Investments Inc. raised its position in shares of NuScale Power by 21.3% during the 2nd quarter. Harbour Investments Inc. now owns 1,156 shares of the company’s stock valued at $46,000 after buying an additional 203 shares during the period. D.A. Davidson & CO. raised its position in shares of NuScale Power by 1.0% during the 2nd quarter. D.A. Davidson & CO. now owns 20,822 shares of the company’s stock valued at $824,000 after buying an additional 212 shares during the period. TD Waterhouse Canada Inc. raised its position in shares of NuScale Power by 14.8% during the 2nd quarter. TD Waterhouse Canada Inc. now owns 2,641 shares of the company’s stock valued at $95,000 after buying an additional 341 shares during the period. Rothschild Investment LLC raised its position in shares of NuScale Power by 45.2% during the 2nd quarter. Rothschild Investment LLC now owns 1,125 shares of the company’s stock valued at $45,000 after buying an additional 350 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. raised its position in shares of NuScale Power by 84.5% during the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 784 shares of the company’s stock valued at $31,000 after buying an additional 359 shares during the period. 78.37% of the stock is owned by hedge funds and other 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.