Key Points
- CFO Robert Ramsey Hamady sold 40,000 shares on Dec. 8 at an average of $22.17 for $886,800, leaving him with 46,283 shares — a 46.36% drop in his ownership stake.
- NuScale missed Q3 expectations, reporting a ($1.85) EPS vs. consensus ($0.11) and $8.24M revenue vs. $11.29M expected, along with a deeply negative net margin and return on equity.
- The stock opened near $20.42 with a $6.09B market cap, institutional ownership of 78.37%, and a consensus analyst rating of "Reduce" with a $36.12 target amid mixed buy/hold/sell coverage.
NuScale Power Corporation (NYSE:SMR - Get Free Report) CFO Robert Ramsey Hamady sold 40,000 shares of the business's stock in a transaction that occurred on Monday, December 8th. The shares were sold at an average price of $22.17, for a total value of $886,800.00. Following the completion of the sale, the chief financial officer owned 46,283 shares of the company's stock, valued at approximately $1,026,094.11. This trade represents a 46.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
NuScale Power Price Performance
NuScale Power stock opened at $20.42 on Thursday. The firm has a market cap of $6.09 billion, a PE ratio of -7.14 and a beta of 2.09. The stock's fifty day moving average price is $31.66 and its two-hundred day moving average price is $36.30. NuScale Power Corporation has a one year low of $11.08 and a one year high of $57.42.
NuScale Power (NYSE:SMR - Get Free Report) last released its earnings results on Thursday, November 6th. The company reported ($1.85) earnings per share for the quarter, missing analysts' consensus estimates of ($0.11) by ($1.74). NuScale Power had a negative net margin of 594.63% and a negative return on equity of 51.27%. The company had revenue of $8.24 million for the quarter, compared to the consensus estimate of $11.29 million. During the same quarter in the previous year, the company posted ($0.18) earnings per share. The business's revenue was up 1635.2% compared to the same quarter last year. Sell-side analysts expect that NuScale Power Corporation will post -0.73 earnings per share for the current fiscal year.
Institutional Trading of NuScale Power
A number of hedge funds have recently made changes to their positions in SMR. LPL Financial LLC raised its holdings in NuScale Power by 35.8% in the 1st quarter. LPL Financial LLC now owns 273,394 shares of the company's stock valued at $3,871,000 after buying an additional 72,098 shares during the last quarter. US Bancorp DE raised its stake in shares of NuScale Power by 33.0% during the first quarter. US Bancorp DE now owns 10,969 shares of the company's stock valued at $155,000 after acquiring an additional 2,722 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of NuScale Power by 6.1% during the first quarter. Vanguard Group Inc. now owns 8,940,535 shares of the company's stock valued at $126,598,000 after acquiring an additional 512,618 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of NuScale Power by 15.3% during the first quarter. Charles Schwab Investment Management Inc. now owns 847,869 shares of the company's stock worth $12,006,000 after purchasing an additional 112,486 shares during the period. Finally, Deutsche Bank AG grew its stake in shares of NuScale Power by 0.9% in the first quarter. Deutsche Bank AG now owns 76,082 shares of the company's stock worth $1,077,000 after purchasing an additional 686 shares during the last quarter. 78.37% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
Several research firms have commented on SMR. Zacks Research lowered shares of NuScale Power from a "hold" rating to a "strong sell" rating in a report on Wednesday, November 12th. BNP Paribas Exane cut shares of NuScale Power from a "neutral" rating to an "underperform" rating in a research note on Tuesday, October 21st. Citigroup restated a "sell" rating and set a $37.50 target price (down from $46.00) on shares of NuScale Power in a research note on Tuesday, October 21st. Canaccord Genuity Group raised their target price on NuScale Power from $44.00 to $60.00 and gave the company a "buy" rating in a report on Wednesday, September 3rd. Finally, Weiss Ratings reissued a "sell (d-)" rating on shares of NuScale Power in a report on Monday. Three research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and six have assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Reduce" and a consensus target price of $36.12.
Check Out Our Latest Analysis on NuScale Power
NuScale Power Company Profile
(
Get Free Report)
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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