NuScale Power Co. (NYSE:SMR) Insider Sells $1,576,434.30 in Stock

NuScale Power Co. (NYSE:SMR) insider Robert K. Temple sold 144,627 shares of NuScale Power stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of $10.90, for a total transaction of $1,576,434.30. Following the transaction, the insider now directly owns 14,054 shares of the company’s stock, valued at $153,188.60. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

NuScale Power Stock Down 1.1 %

SMR opened at $11.90 on Friday. The company has a market cap of $2.89 billion, a PE ratio of -14.00 and a beta of 1.22. NuScale Power Co. has a twelve month low of $1.81 and a twelve month high of $16.91. The company has a 50-day moving average price of $9.30 and a 200 day moving average price of $8.36. The company has a quick ratio of 2.66, a current ratio of 2.66 and a debt-to-equity ratio of 0.27.

NuScale Power (NYSE:SMR) last announced its earnings results on Thursday, August 8th. The company reported ($0.31) EPS for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.18). NuScale Power had a negative net margin of 592.28% and a negative return on equity of 61.82%. The firm had revenue of $0.97 million for the quarter, compared to analyst estimates of $1.43 million. During the same period in the previous year, the company earned ($0.13) EPS. Sell-side analysts expect that NuScale Power Co. will post -0.55 earnings per share for the current fiscal year.

Institutional Investors Weigh In On NuScale Power

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Swiss National Bank raised its position in shares of NuScale Power by 17.3% in the fourth quarter. Swiss National Bank now owns 73,400 shares of the company’s stock valued at $241,000 after buying an additional 10,800 shares during the last quarter. Quadrature Capital Ltd acquired a new stake in NuScale Power in the 4th quarter valued at about $417,000. Rheos Capital Works Inc. purchased a new position in NuScale Power in the 1st quarter worth approximately $1,328,000. Evanson Asset Management LLC boosted its holdings in shares of NuScale Power by 44.3% during the 1st quarter. Evanson Asset Management LLC now owns 26,000 shares of the company’s stock worth $138,000 after purchasing an additional 7,986 shares during the last quarter. Finally, Mesirow Financial Investment Management Inc. purchased a new stake in shares of NuScale Power in the first quarter valued at approximately $53,000. Institutional investors and hedge funds own 15.28% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on SMR. CLSA assumed coverage on shares of NuScale Power in a report on Friday, September 13th. They issued an “outperform” rating and a $11.00 price objective for the company. B. Riley raised their target price on NuScale Power from $8.00 to $14.00 and gave the company a “buy” rating in a research report on Thursday, June 27th. Finally, Craig Hallum initiated coverage on NuScale Power in a report on Thursday. They issued a “buy” rating and a $16.00 price target for the company. One research analyst has rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, NuScale Power currently has a consensus rating of “Moderate Buy” and an average target price of $9.68.

About NuScale Power

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.