NuScale Power Co. (NYSE:SMR) General Counsel Robert K. Temple Sells 23,806 Shares

NuScale Power Co. (NYSE:SMR) General Counsel Robert K. Temple sold 23,806 shares of the stock in a transaction on Monday, May 6th. The stock was sold at an average price of $6.07, for a total value of $144,502.42. Following the completion of the sale, the general counsel now directly owns 19,054 shares in the company, valued at $115,657.78. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

NuScale Power Stock Down 2.9 %

NYSE:SMR opened at $5.66 on Wednesday. NuScale Power Co. has a 52-week low of $1.81 and a 52-week high of $11.21. The business’s 50-day moving average price is $5.39 and its 200 day moving average price is $3.76. The firm has a market cap of $1.33 billion, a P/E ratio of -7.08 and a beta of 0.98.

NuScale Power (NYSE:SMR) last released its earnings results on Thursday, March 14th. The company reported ($0.25) EPS for the quarter, missing the consensus estimate of ($0.22) by ($0.03). The business had revenue of $4.56 million for the quarter, compared to analyst estimates of $1.75 million. NuScale Power had a negative net margin of 255.86% and a negative return on equity of 29.93%. Sell-side analysts expect that NuScale Power Co. will post -0.64 EPS for the current year.

Institutional Investors Weigh In On NuScale Power

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

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. UBS Group increased their price objective on shares of NuScale Power from $2.00 to $10.00 and gave the stock a “neutral” rating in a report on Tuesday, March 19th. Wells Fargo & Company reissued an “underweight” rating and issued a $4.50 price objective (down from $7.50) on shares of NuScale Power in a report on Tuesday, March 19th. Canaccord Genuity Group increased their price target on NuScale Power from $4.25 to $8.00 and gave the stock a “buy” rating in a research note on Monday, March 18th. Finally, Canaccord Genuity Group initiated coverage on shares of NuScale Power in a report on Monday, January 29th. They issued a “buy” rating and a $4.25 price objective for the company. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, NuScale Power has a consensus rating of “Hold” and an average target price of $7.75.

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.