NuScale Power (NYSE:SMR) Trading Down 8.9% Following Analyst Downgrade

NuScale Power Corporation (NYSE:SMR) fell 8.9% during trading on Tuesday after Citigroup lowered their price target on the stock from $11.50 to $9.00. Citigroup currently has a sell rating on the stock. NuScale Power traded as low as $11.55 and last traded at $11.6460. 46,109,771 shares were traded during mid-day trading, an increase of 66% from the average session volume of 27,696,160 shares. The stock had previously closed at $12.79.

A number of other equities research analysts have also recently commented on the company. B. Riley Financial cut their target price on NuScale Power from $38.00 to $24.00 and set a “buy” rating on the stock in a research note on Monday, December 22nd. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of NuScale Power in a report on Friday, March 27th. Bank of America raised NuScale Power from an “underperform” rating to a “neutral” rating and set a $28.00 price target on the stock in a report on Friday, January 9th. Royal Bank Of Canada lowered their price target on NuScale Power from $21.00 to $14.00 and set a “sector perform” rating on the stock in a report on Monday, March 2nd. Finally, TD Cowen downgraded NuScale Power from a “buy” rating to a “hold” rating in a report on Wednesday, February 11th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, eight have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $20.75.

Insider Activity

In related news, COO Carl M. Fisher sold 22,197 shares of the company’s stock in a transaction on Tuesday, March 3rd. The stock was sold at an average price of $12.22, for a total transaction of $271,247.34. Following the completion of the sale, the chief operating officer owned 140,141 shares in the company, valued at approximately $1,712,523.02. This represents a 13.67% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO John Lawrence Hopkins sold 82,667 shares of the company’s stock in a transaction on Tuesday, March 3rd. The shares were 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 approximately $1,429,959.96. This trade represents a 41.40% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 27,072,082 shares of company stock valued at $321,594,608. Corporate insiders own 1.20% of the company’s stock.

Trending Headlines about NuScale Power

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

Institutional Trading of NuScale Power

Hedge funds have recently bought and sold shares of the company. Pasadena Private Wealth LLC lifted its position in shares of NuScale Power by 4.9% in the third quarter. Pasadena Private Wealth LLC now owns 6,147 shares of the company’s stock valued at $221,000 after acquiring an additional 287 shares in the last quarter. Family Capital Management Inc. lifted its position in shares of NuScale Power by 3.5% in the third quarter. Family Capital Management Inc. now owns 8,682 shares of the company’s stock valued at $313,000 after acquiring an additional 291 shares in the last quarter. Cibc World Market Inc. increased its holdings in shares of NuScale Power by 3.8% in the third quarter. Cibc World Market Inc. now owns 9,000 shares of the company’s stock worth $324,000 after purchasing an additional 329 shares during the last quarter. MAI Capital Management increased its holdings in shares of NuScale Power by 37.0% in the third quarter. MAI Capital Management now owns 1,654 shares of the company’s stock worth $60,000 after purchasing an additional 447 shares during the last quarter. Finally, Park Avenue Securities LLC increased its holdings in shares of NuScale Power by 1.5% in the third quarter. Park Avenue Securities LLC now owns 36,314 shares of the company’s stock worth $1,307,000 after purchasing an additional 525 shares during the last quarter. Hedge funds and other institutional investors own 78.37% of the company’s stock.

NuScale Power Stock Down 8.9%

The company has a fifty day moving average price of $11.95 and a 200-day moving average price of $20.30. The stock has a market capitalization of $3.94 billion, a P/E ratio of -4.03 and a beta of 2.27.

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

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.