NuScale Power (NYSE:SMR) Price Target Lowered to $9.00 at Citigroup

NuScale Power (NYSE:SMR) had its price objective reduced by Citigroup from $11.50 to $9.00 in a research note published on Tuesday,Benzinga reports. They currently have a sell rating on the stock.

SMR has been the subject of a number of other research reports. TD Cowen lowered NuScale Power from a “buy” rating to a “hold” rating in a report on Wednesday, February 11th. Zacks Research raised shares of NuScale Power from a “strong sell” rating to a “hold” rating in a report on Friday, February 20th. Barclays cut their price objective on shares of NuScale Power from $45.00 to $15.00 and set an “equal weight” rating for the company in a research report on Monday, February 23rd. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of NuScale Power in a research note on Friday, March 27th. Finally, Texas Capital raised shares of NuScale Power to a “strong-buy” rating in a report on Tuesday, January 27th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, eight have given a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $20.75.

NuScale Power Price Performance

NYSE:SMR opened at $11.65 on Tuesday. NuScale Power has a 1 year low of $8.85 and a 1 year high of $57.42. The stock’s fifty day moving average price is $11.95 and its two-hundred day moving average price is $20.30. The company has a market cap of $3.94 billion, a P/E ratio of -4.03 and a beta of 2.27.

NuScale Power (NYSE:SMR) last announced its quarterly earnings results on Thursday, February 26th. The company reported ($0.80) earnings per share for the quarter, missing the consensus estimate of ($0.10) by ($0.70). The company had revenue of $1.81 million during the quarter, compared to analysts’ expectations of $8.76 million. NuScale Power had a negative net margin of 1,130.26% and a negative return on equity of 55.23%. On average, analysts expect that NuScale Power will post -0.48 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other NuScale Power news, CEO John Lawrence Hopkins sold 82,667 shares of the firm’s stock in a transaction dated Tuesday, March 3rd. The stock was sold at an average price of $12.22, for a total value of $1,010,190.74. Following the sale, the chief executive officer owned 117,018 shares of the company’s stock, valued at $1,429,959.96. This trade represents a 41.40% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CTO Jose N. Reyes, Jr. sold 25,951 shares of NuScale Power stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $12.22, for a total value of $317,121.22. Following the sale, the chief technology officer owned 268,081 shares of the company’s stock, valued at approximately $3,275,949.82. This trade represents a 8.83% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 27,072,082 shares of company stock worth $321,594,608. 1.20% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On NuScale Power

Hedge funds have recently bought and sold shares of the stock. Van ECK Associates Corp increased its holdings in shares of NuScale Power by 117.8% in the 4th quarter. Van ECK Associates Corp now owns 11,515,561 shares of the company’s stock worth $163,176,000 after buying an additional 6,227,747 shares during the last quarter. Vanguard Group Inc. raised its position in shares of NuScale Power by 40.5% during the 4th quarter. Vanguard Group Inc. now owns 15,545,018 shares of the company’s stock valued at $220,273,000 after buying an additional 4,482,254 shares in the last quarter. Clear Street Group Inc. bought a new stake in shares of NuScale Power during the 3rd quarter worth $155,616,000. Voloridge Investment Management LLC purchased a new position in NuScale Power in the fourth quarter worth $48,993,000. Finally, Samsung C&T Corp grew its position in NuScale Power by 98.9% in the third quarter. Samsung C&T Corp now owns 5,185,804 shares of the company’s stock worth $186,689,000 after acquiring an additional 2,578,702 shares in the last quarter. 78.37% of the stock is currently owned by institutional investors.

Key NuScale Power News

Here are the key news stories impacting NuScale Power this week:

• Positive Sentiment: Analyst/market bullishness for the nuclear sector could lift long-term sentiment for NuScale as investors rotate into SMR/SMR-related names. 2 Nuclear Stocks That Are Quietly Becoming the Trade of the Year (and Beyond)
• Positive Sentiment: One bullish take argues NuScale could be a tactical buy ahead of a June 2 management event that might provide a near-term catalyst to re-shape sentiment. Investors who believe management can deliver updates may view this as an entry point. I’m Calling It: NuScale Power Stock Is a Buy Before June 2
• Neutral Sentiment: Coverage comparing NuScale to larger, diversified nuclear plays and alternatives (e.g., Brookfield) highlights other ways to access the nuclear theme; may redirect some investor dollars but doesn’t change NuScale’s fundamentals. 1 Nuclear Stock That Could Power Your Retirement Income for Decades
• Neutral Sentiment: SMR appeared in a broader “insider trades”/stock ideas roundup, which is informational but not a direct catalyst. Insider Trades: Nike Sees More CEO Buys, Aehr Sold on 300% Gain (SMR)
• Negative Sentiment: Citigroup cut its price target to $9 and assigned a “sell” rating, signalling material near-term downside versus recent levels; analyst downgrades can prompt selling pressure and reduce investor confidence. Price Target Cut by Citigroup
• Negative Sentiment: Analysis warning that NuScale’s “hype” may outpace near-term revenue underscores the company’s limited cash flow prospects in the short term and reinforces valuation caution. NuScale: Nuclear Hype, But Limited Near-Term Revenue
• Negative Sentiment: Multiple law firms (Rosen, Levi & Korsinsky, Pomerantz, Faruqi, Bronstein et al.) have announced investigations and class-action filings alleging misstatements related to ENTRA1 and other disclosures; this creates legal and reputational overhang that can weigh on the share price and could lead to future financial exposure. Rosen Law Firm Notice / Class Action Deadline

About NuScale Power

NuScale Power Corporation, trading on the NYSE American under the ticker SMR, is a pioneering developer of small modular nuclear reactors. Established in 2007 as a spinout from Oregon State University, the company is headquartered in Portland, Oregon. NuScale’s mission is to deliver zero-carbon baseload power through scalable modular reactor technology, aiming to transform traditional nuclear energy deployment.

At the core of NuScale’s offering is the VOYGR small modular reactor design, featuring 77-megawatt electric (MWe) modules with passive safety systems.