NuScale Power Sees Unusually High Options Volume (NYSE:SMR)

NuScale Power Corporation (NYSE:SMR) was the recipient of some unusual options trading on Tuesday. Stock traders purchased 125,263 call options on the company. This represents an increase of approximately 67% compared to the average volume of 75,056 call options.

Analyst Ratings Changes

A number of research analysts have issued reports on SMR shares. Canaccord Genuity Group decreased their target price on NuScale Power from $60.00 to $25.00 and set a “buy” rating on the stock in a research report on Friday, February 27th. HSBC initiated coverage on NuScale Power in a report on Thursday, April 23rd. They set a “hold” rating and a $13.00 price target on the stock. Zacks Research upgraded NuScale Power from a “strong sell” rating to a “hold” rating in a report on Friday, February 20th. Weiss Ratings restated a “sell (d-)” rating on shares of NuScale Power in a report on Friday, March 27th. Finally, Cantor Fitzgerald reduced their price target on NuScale Power from $55.00 to $20.00 and set an “overweight” rating on the stock in a report on Tuesday, February 24th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, nine have issued a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, NuScale Power has an average rating of “Hold” and an average price target of $15.92.

NuScale Power Price Performance

Shares of SMR stock opened at $12.31 on Thursday. The business’s 50 day simple moving average is $11.49 and its 200 day simple moving average is $14.89. NuScale Power has a one year low of $8.85 and a one year high of $57.42. The stock has a market capitalization of $4.50 billion, a PE ratio of -4.22 and a beta of 2.20.

NuScale Power (NYSE:SMR) last announced its earnings results on Thursday, May 7th. The company reported ($0.14) EPS for the quarter, missing the consensus estimate of ($0.11) by ($0.03). NuScale Power had a negative net margin of 2,066.55% and a negative return on equity of 48.88%. The company had revenue of $0.57 million during the quarter, compared to the consensus estimate of $7.00 million. The company’s revenue was down 95.8% compared to the same quarter last year. As a group, research analysts expect that NuScale Power will post -0.46 earnings per share for the current year.

Insider Transactions at NuScale Power

In other NuScale Power news, Director Corp Fluor sold 13,500,000 shares of NuScale Power stock in a transaction dated Thursday, April 9th. The stock was sold at an average price of $12.07, for a total value of $162,945,000.00. Following the transaction, the director owned 26,436,472 shares in the company, valued at $319,088,217.04. The trade was a 33.80% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders sold a total of 39,936,472 shares of company stock valued at $472,831,169 in the last quarter. Insiders own 1.28% of the company’s stock.

Institutional Trading of NuScale Power

Several institutional investors have recently added to or reduced their stakes in SMR. Van ECK Associates Corp lifted its stake in NuScale Power by 117.8% in the fourth quarter. Van ECK Associates Corp now owns 11,515,561 shares of the company’s stock valued at $163,176,000 after buying an additional 6,227,747 shares during the period. Renaissance Technologies LLC acquired a new position in NuScale Power in the first quarter valued at approximately $59,141,000. Vanguard Group Inc. lifted its stake in NuScale Power by 40.5% in the fourth quarter. Vanguard Group Inc. now owns 15,545,018 shares of the company’s stock valued at $220,273,000 after buying an additional 4,482,254 shares during the period. Clear Street Group Inc. acquired a new position in NuScale Power in the third quarter valued at approximately $155,616,000. Finally, Voloridge Investment Management LLC acquired a new position in NuScale Power in the fourth quarter valued at approximately $48,993,000. 78.37% of the stock is currently owned by institutional investors.

NuScale Power Company Profile

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.