NuScale Power Co. (NYSE:SMR) Insider Clayton Scott Sells 7,191 Shares

NuScale Power Co. (NYSE:SMR) insider Clayton Scott sold 7,191 shares of NuScale Power stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $6.04, for a total transaction of $43,433.64. Following the sale, the insider now directly owns 43,549 shares in the company, valued at approximately $263,035.96. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

NuScale Power Price Performance

Shares of NYSE SMR opened at $5.66 on Wednesday. NuScale Power Co. has a 1 year low of $1.81 and a 1 year high of $11.21. The company has a market capitalization of $1.33 billion, a P/E ratio of -7.08 and a beta of 0.98. The company has a 50 day simple moving average of $5.39 and a 200-day simple moving average 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 the consensus estimate of ($0.22) by ($0.03). NuScale Power had a negative return on equity of 29.93% and a negative net margin of 255.86%. The business had revenue of $4.56 million for the quarter, compared to analyst estimates of $1.75 million. As a group, research analysts expect that NuScale Power Co. will post -0.64 EPS for the current year.

Institutional Trading of NuScale Power

Institutional investors and hedge funds have recently bought and sold shares of the stock. FMR LLC increased its position in shares of NuScale Power by 11.2% during the third quarter. FMR LLC now owns 2,983,460 shares of the company’s stock valued at $14,619,000 after acquiring an additional 301,548 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of NuScale Power by 3.8% during the 3rd quarter. Vanguard Group Inc. now owns 5,536,389 shares of the company’s stock worth $27,128,000 after purchasing an additional 204,505 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its holdings in NuScale Power by 5.4% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,391,670 shares of the company’s stock valued at $11,159,000 after purchasing an additional 172,408 shares during the last quarter. Arizona State Retirement System purchased a new stake in NuScale Power in the fourth quarter valued at approximately $34,000. Finally, Raymond James & Associates acquired a new position in NuScale Power during the third quarter worth $439,000. 15.28% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

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.