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

NuScale Power Co. (NYSE:SMR) insider Robert K. Temple sold 75,000 shares of the firm’s stock in a transaction on Wednesday, September 25th. The stock was sold at an average price of $12.00, for a total value of $900,000.00. Following 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 document filed with the SEC, which can be accessed through this link.

NuScale Power Price Performance

Shares of NYSE:SMR opened at $12.55 on Friday. The firm has a market cap of $3.13 billion, a price-to-earnings ratio of -14.76 and a beta of 1.22. NuScale Power Co. has a 1 year low of $1.81 and a 1 year high of $16.91. The company has a current ratio of 2.66, a quick ratio of 2.66 and a debt-to-equity ratio of 0.27. The business has a fifty day simple moving average of $9.32 and a 200 day simple moving average of $8.42.

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

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. B. Riley upped their price objective on shares of NuScale Power from $8.00 to $14.00 and gave the company a “buy” rating in a research note on Thursday, June 27th. CLSA started coverage on shares of NuScale Power in a research report on Friday, September 13th. They set an “outperform” rating and a $11.00 price objective on the stock. Finally, Craig Hallum began coverage on NuScale Power in a research note on Thursday. They issued a “buy” rating and a $16.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, NuScale Power currently has a consensus rating of “Moderate Buy” and a consensus price target of $9.68.

Hedge Funds Weigh In On NuScale Power

Several institutional investors have recently bought and sold shares of the stock. Mesirow Financial Investment Management Inc. acquired a new stake in NuScale Power in the 1st quarter worth approximately $53,000. Avantax Advisory Services Inc. acquired a new stake in shares of NuScale Power in the first quarter worth $58,000. International Assets Investment Management LLC bought a new stake in shares of NuScale Power during the 2nd quarter worth $64,000. TFC Financial Management Inc. acquired a new position in NuScale Power in the 2nd quarter valued at $75,000. Finally, Resurgent Financial Advisors LLC raised its holdings in NuScale Power by 100.0% in the 1st quarter. Resurgent Financial Advisors LLC now owns 14,800 shares of the company’s stock worth $79,000 after acquiring an additional 7,400 shares during the period. 15.28% of the stock is currently owned by institutional investors.

About NuScale Power

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.