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

NuScale Power Co. (NYSE:SMR) General Counsel Robert K. Temple sold 8,873 shares of the business’s stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $6.04, for a total value of $53,592.92. Following the transaction, the general counsel now directly owns 42,860 shares in the company, valued at approximately $258,874.40. The transaction 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 $5.83 on Tuesday. NuScale Power Co. has a one year low of $1.81 and a one year high of $11.21. The firm has a fifty day moving average price of $5.33 and a two-hundred day moving average price of $3.75. The company has a market cap of $1.37 billion, a price-to-earnings 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 (EPS) for the quarter, missing the consensus estimate of ($0.22) by ($0.03). The firm had revenue of $4.56 million for the quarter, compared to the consensus estimate of $1.75 million. NuScale Power had a negative return on equity of 29.93% and a negative net margin of 255.86%. Equities research analysts expect that NuScale Power Co. will post -0.64 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

SMR has been the subject of a number of research analyst reports. 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 report on Tuesday, March 19th. Canaccord Genuity Group lifted their price objective on shares of NuScale Power from $4.25 to $8.00 and gave the company a “buy” rating in a research note on Monday, March 18th. UBS Group upped their target price on NuScale Power from $2.00 to $10.00 and gave the stock a “neutral” rating in a research note on Tuesday, March 19th. Finally, Canaccord Genuity Group assumed coverage on NuScale Power in a research note on Monday, January 29th. They issued a “buy” rating and a $4.25 price target on the stock. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $7.75.

Institutional Inflows and Outflows

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

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.