Jose N. Reyes, Jr. Sells 15,776 Shares of NuScale Power Co. (NYSE:SMR) Stock

NuScale Power Co. (NYSE:SMR) CTO Jose N. Reyes, Jr. sold 15,776 shares of the firm’s stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $6.04, for a total value of $95,287.04. Following the transaction, the chief technology officer now directly owns 478,306 shares in the company, valued at $2,888,968.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

NuScale Power Stock Down 2.9 %

Shares of SMR stock opened at $5.66 on Wednesday. The stock has a fifty day moving average of $5.39 and a 200 day moving average of $3.76. The firm has a market capitalization of $1.33 billion, a price-to-earnings ratio of -7.08 and a beta of 0.98. NuScale Power Co. has a 52 week low of $1.81 and a 52 week high of $11.21.

NuScale Power (NYSE:SMR) last posted its earnings results on Thursday, March 14th. The company reported ($0.25) 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 company had revenue of $4.56 million during the quarter, compared to analysts’ expectations of $1.75 million. Equities research analysts anticipate that NuScale Power Co. will post -0.64 earnings per share for the current year.

Wall Street Analyst Weigh In

SMR has been the topic of several recent research reports. UBS Group raised their price target on 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 began coverage on shares of NuScale Power in a research note on Monday, January 29th. They issued a “buy” rating and a $4.25 target price 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. Finally, Wells Fargo & Company reaffirmed an “underweight” rating and set a $4.50 price objective (down from $7.50) on shares of NuScale Power in a research note on Tuesday, March 19th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $7.75.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Global Retirement Partners LLC bought a new stake in shares of NuScale Power during the fourth quarter valued at approximately $25,000. Essex Private Wealth Management LLC bought a new stake in shares of NuScale Power during the 4th quarter valued at $33,000. Sloy Dahl & Holst LLC purchased a new stake in shares of NuScale Power in the 4th quarter worth about $33,000. Arizona State Retirement System bought a new position in shares of NuScale Power in the 4th quarter worth about $34,000. Finally, Raymond James Financial Services Advisors Inc. purchased a new position in NuScale Power during the 4th quarter valued at about $36,000. Institutional investors own 15.28% of the company’s stock.

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.