NuScale Power Co. (NYSE:SMR – Get Free Report) insider Clayton Scott sold 7,191 shares of the stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $6.04, for a total value of $43,433.64. Following the completion of the sale, the insider now owns 43,549 shares of the company’s stock, valued at $263,035.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
NuScale Power Stock Down 5.4 %
Shares of NuScale Power stock opened at $5.83 on Tuesday. 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 Co. has a 12-month low of $1.81 and a 12-month high of $11.21. The business’s 50 day moving average is $5.33 and its 200-day moving average is $3.75.
NuScale Power (NYSE:SMR – Get Free Report) last issued its earnings results on Thursday, March 14th. The company reported ($0.25) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.22) by ($0.03). The firm had revenue of $4.56 million for 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%. On average, sell-side analysts expect that NuScale Power Co. will post -0.64 EPS for the current year.
Wall Street Analysts Forecast Growth
Hedge Funds Weigh In On NuScale Power
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Global Retirement Partners LLC bought a new stake in NuScale Power in the fourth quarter valued at approximately $25,000. Essex Private Wealth Management LLC bought a new stake in NuScale Power in the 4th quarter valued at $33,000. Sloy Dahl & Holst LLC bought a new position in NuScale Power during the fourth quarter worth $33,000. Arizona State Retirement System bought a new position in shares of NuScale Power in the fourth quarter valued at about $34,000. Finally, Raymond James Financial Services Advisors Inc. acquired a new stake in shares of NuScale Power during the 4th quarter worth 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.
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