NuScale Power (NYSE:SMR) Director Shinji Fujino Sells 20,000 Shares

NuScale Power Corporation (NYSE:SMR) Director Shinji Fujino sold 20,000 shares of the firm’s stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $8.86, for a total value of $177,200.00. Following the sale, the director directly owned 17,242 shares of the company’s stock, valued at $152,764.12. This trade represents a 53.70% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

NuScale Power Price Performance

Shares of NuScale Power stock opened at $9.06 on Friday. The firm has a market cap of $3.89 billion, a price-to-earnings ratio of -3.10 and a beta of 2.26. NuScale Power Corporation has a 52-week low of $7.21 and a 52-week high of $57.42. The stock has a 50-day simple moving average of $9.36 and a 200-day simple moving average of $11.24.

NuScale Power (NYSE:SMR) last announced its quarterly earnings results on Wednesday, August 5th. The company reported ($0.13) EPS for the quarter, meeting the consensus estimate of ($0.13). The business had revenue of $0.07 million during the quarter, compared to analysts’ expectations of $8.80 million. NuScale Power had a negative return on equity of 35.59% and a negative net margin of 3,888.70%.The firm’s quarterly revenue was down 99.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.11) EPS. As a group, equities research analysts predict that NuScale Power Corporation will post -0.64 earnings per share for the current year.

Institutional Trading of NuScale Power

A number of institutional investors and hedge funds have recently modified their holdings of SMR. Van ECK Associates Corp lifted its position in NuScale Power by 117.8% during the 4th quarter. Van ECK Associates Corp now owns 11,515,561 shares of the company’s stock worth $163,176,000 after acquiring an additional 6,227,747 shares during the last quarter. Renaissance Technologies LLC acquired a new stake in shares of NuScale Power in the first quarter valued at about $59,141,000. Vanguard Group Inc. grew its holdings in NuScale Power by 40.5% in the 4th quarter. Vanguard Group Inc. now owns 15,545,018 shares of the company’s stock valued at $220,273,000 after buying an additional 4,482,254 shares during the last quarter. Voloridge Investment Management LLC bought a new position in NuScale Power during the fourth quarter worth $48,993,000. Finally, Samsung C&T Corp boosted its holdings in NuScale Power by 98.9% in the 3rd quarter. Samsung C&T Corp now owns 5,185,804 shares of the company’s stock valued at $186,689,000 after purchasing an additional 2,578,702 shares during the period. 78.37% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have recently commented on SMR shares. Weiss Ratings restated a “sell (d-)” rating on shares of NuScale Power in a research note on Wednesday, June 24th. The Goldman Sachs Group set a $9.00 price objective on shares of NuScale Power in a research note on Friday, May 8th. Royal Bank Of Canada decreased their price objective on shares of NuScale Power from $14.00 to $10.00 and set a “sector perform” rating for the company in a report on Tuesday, August 11th. Bank of America initiated coverage on NuScale Power in a report on Friday, May 22nd. They set a “neutral” rating and a $12.00 target price on the stock. Finally, HSBC initiated coverage on NuScale Power in a research report on Thursday, April 23rd. They issued a “hold” rating and a $13.00 price target for the company. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, nine have assigned a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $13.50.

About NuScale Power

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.