NuScale Power Co. (NYSE:SMR) Insider Robert K. Temple Sells 75,000 Shares

NuScale Power Co. (NYSE:SMR) insider Robert K. Temple sold 75,000 shares of the stock in a transaction that occurred on Wednesday, September 25th. The shares were sold at an average price of $12.00, for a total value of $900,000.00. Following the completion of the sale, the insider now directly owns 14,054 shares of the company’s stock, valued at $168,648. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

NuScale Power Stock Performance

NYSE:SMR opened at $12.55 on Friday. The firm has a market capitalization of $3.13 billion, a PE ratio of -14.76 and a beta of 1.22. The company has a quick ratio of 2.66, a current ratio of 2.66 and a debt-to-equity ratio of 0.27. NuScale Power Co. has a 12-month low of $1.81 and a 12-month high of $16.91. The firm has a 50-day moving average price of $9.32 and a 200 day moving average price of $8.42.

NuScale Power (NYSE:SMR) last posted its earnings results on Thursday, August 8th. The company reported ($0.31) EPS for the quarter, missing the consensus estimate of ($0.13) by ($0.18). NuScale Power had a negative return on equity of 61.82% and a negative net margin of 592.28%. The company had revenue of $0.97 million for the quarter, compared to the consensus estimate of $1.43 million. During the same quarter last year, the business earned ($0.13) EPS. Research analysts anticipate that NuScale Power Co. will post -0.55 earnings per share for the current fiscal year.

Institutional Investors Weigh In On NuScale Power

Several institutional investors and hedge funds have recently made changes to their positions in SMR. Truist Financial Corp acquired a new stake in shares of NuScale Power during the second quarter worth approximately $177,000. Susquehanna Fundamental Investments LLC acquired a new stake in NuScale Power during the 2nd quarter valued at $419,000. The Manufacturers Life Insurance Company raised its position in NuScale Power by 37.7% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 29,549 shares of the company’s stock valued at $345,000 after purchasing an additional 8,096 shares during the last quarter. Squarepoint Ops LLC acquired a new position in NuScale Power in the second quarter worth $783,000. Finally, Sei Investments Co. bought a new stake in shares of NuScale Power during the second quarter worth $520,000. Institutional investors and hedge funds own 15.28% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. CLSA assumed coverage on shares of NuScale Power in a report on Friday, September 13th. They set an “outperform” rating and a $11.00 price objective on the stock. Craig Hallum initiated coverage on NuScale Power in a research note on Thursday. They set a “buy” rating and a $16.00 price target on the stock. Finally, B. Riley raised their price objective on NuScale Power from $8.00 to $14.00 and gave the stock a “buy” rating in a research report on Thursday, June 27th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $9.68.

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.