NuScale Power Co. (NYSE:SMR) General Counsel Robert K. Temple Sells 8,873 Shares of Stock

NuScale Power Co. (NYSE:SMR) General Counsel Robert K. Temple sold 8,873 shares of NuScale Power stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $6.04, for a total transaction of $53,592.92. Following the transaction, the general counsel now directly owns 42,860 shares in the company, valued at $258,874.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

NuScale Power Trading Down 5.4 %

NYSE SMR opened at $5.83 on Tuesday. The company has a fifty day simple moving average of $5.33 and a two-hundred day simple moving average of $3.75. NuScale Power Co. has a 12-month low of $1.81 and a 12-month high of $11.21. The stock has a market cap of $1.37 billion, a P/E ratio of -7.29 and a beta of 0.98.

NuScale Power (NYSE:SMR) last issued its quarterly earnings results on Thursday, March 14th. The company reported ($0.25) earnings per share for the quarter, missing the consensus estimate of ($0.22) by ($0.03). The business had revenue of $4.56 million during the quarter, compared to analyst estimates of $1.75 million. NuScale Power had a negative return on equity of 29.93% and a negative net margin of 255.86%. As a group, sell-side analysts forecast that NuScale Power Co. will post -0.64 earnings per share for the current year.

Institutional Trading of NuScale Power

A number of hedge funds have recently modified their holdings of SMR. Global Retirement Partners LLC acquired a new position in NuScale Power in the fourth quarter valued at approximately $25,000. Essex Private Wealth Management LLC purchased a new position in shares of NuScale Power during the 4th quarter valued at approximately $33,000. Mesirow Financial Investment Management Inc. acquired a new position in shares of NuScale Power in the 1st quarter valued at $53,000. Sloy Dahl & Holst LLC purchased a new stake in NuScale Power during the fourth quarter worth $33,000. Finally, Arizona State Retirement System acquired a new stake in NuScale Power during the fourth quarter valued at $34,000. Hedge funds and other institutional investors own 15.28% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on SMR shares. Canaccord Genuity Group assumed coverage on NuScale Power in a report on Monday, January 29th. They issued a “buy” rating and a $4.25 price target on the stock. Canaccord Genuity Group increased their price target on shares of NuScale Power from $4.25 to $8.00 and gave the company a “buy” rating in a research report on Monday, March 18th. UBS Group boosted their price objective on shares of NuScale Power from $2.00 to $10.00 and gave the stock a “neutral” rating in a research note on Tuesday, March 19th. Finally, Wells Fargo & Company restated an “underweight” rating and issued a $4.50 target price (down from $7.50) on shares of NuScale Power in a research note on Tuesday, March 19th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, NuScale Power currently has a consensus rating of “Hold” and an average price target of $7.75.

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.