NuScale Power (NYSE:SMR) Price Target Cut to $5.00 by Analysts at Royal Bank Of Canada

NuScale Power (NYSE:SMR) had its target price dropped by analysts at Royal Bank Of Canada from $7.00 to $5.00 in a research report issued on Friday, Benzinga reports. The firm presently has a “sector perform” rating on the stock. Royal Bank Of Canada‘s price target indicates a potential downside of 0.50% from the company’s previous close.

SMR has been the topic of several other research reports. B. Riley Financial reduced their price target on shares of NuScale Power from $15.00 to $10.00 and set a “buy” rating on the stock in a research report on Wednesday, October 28th. Canaccord Genuity Group set a $11.00 price target on NuScale Power in a research report on Friday. UBS Group downgraded shares of NuScale Power from a “neutral” rating to a “sell” rating and cut their price objective for the company from $10.00 to $6.00 in a research report on Friday, September 11th. Cantor Fitzgerald reduced their price target on NuScale Power from $20.00 to $15.00 and set an “overweight” rating for the company in a research report on Friday. Finally, Citigroup reduced their price target on shares of NuScale Power from $6.50 to $4.00 and set a “sell” rating for the company in a research note on Wednesday, October 21st. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, seven have assigned a Hold rating and five have assigned a Sell rating to the company. According to MarketBeat, NuScale Power has a consensus rating of “Hold” and an average price target of $8.77.

NuScale Power Trading Up 15.0%

NYSE SMR traded up $0.66 during mid-day trading on Friday, reaching $5.03. 23,221,569 shares of the company’s stock traded hands, compared to its average volume of 31,442,584. NuScale Power has a 1-year low of $4.28 and a 1-year high of $32.09. The company has a fifty day simple moving average of $7.54 and a 200-day simple moving average of $10.63. The company has a market cap of $2.16 billion, a price-to-earnings ratio of -1.72 and a beta of 2.42.

NuScale Power (NYSE:SMR) last posted its quarterly earnings data on Thursday, November 5th. The company reported ($0.11) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.12) by $0.01. The company had revenue of $0.28 million for the quarter, compared to the consensus estimate of $3.66 million. NuScale Power had a negative return on equity of 35.59% and a negative net margin of 3,888.70%. NuScale Power’s revenue for the quarter was down 96.6% compared to the same quarter last year. During the same period in the previous year, the business earned ($1.85) EPS. Equities research analysts forecast that NuScale Power will post -0.59 earnings per share for the current fiscal year.

Insider Buying and Selling at NuScale Power

In other news, Director Shinji Fujino sold 20,000 shares of NuScale Power stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $8.86, for a total transaction of $177,200.00. Following the transaction, the director owned 17,242 shares in the company, valued at approximately $152,764.12. The trade was a 53.70% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Robert Hamady sold 20,000 shares of the stock in a transaction that occurred on Thursday, October 1st. The stock was sold at an average price of $7.89, for a total transaction of $157,800.00. Following the completion of the sale, the chief financial officer directly owned 144,235 shares of the company’s stock, valued at $1,138,014.15. This trade represents a 12.18% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 69,880 shares of company stock valued at $615,573. 1.28% of the stock is currently owned by insiders.

Hedge Funds Weigh In On NuScale Power

Several hedge funds have recently bought and sold shares of the business. Allworth Financial LP lifted its holdings in NuScale Power by 23.1% in the 3rd quarter. Allworth Financial LP now owns 21,669 shares of the company’s stock worth $171,000 after purchasing an additional 4,070 shares during the last quarter. Fifth Third Bancorp lifted its position in shares of NuScale Power by 39.0% during the 3rd quarter. Fifth Third Bancorp now owns 65,072 shares of the company’s stock worth $514,000 after purchasing an additional 18,247 shares during the last quarter. AlphaCore Capital LLC acquired a new position in shares of NuScale Power during the 3rd quarter worth about $89,000. Midwest Capital Advisors LLC bought a new stake in NuScale Power during the 3rd quarter valued at approximately $139,000. Finally, Fulcrum Asset Management LLP grew its holdings in NuScale Power by 6,102.3% in the 3rd quarter. Fulcrum Asset Management LLP now owns 245,486 shares of the company’s stock valued at $1,905,000 after buying an additional 241,528 shares during the last quarter. 78.37% of the stock is owned by institutional investors and hedge funds.

Key NuScale Power News

Here are the key news stories impacting NuScale Power this week:

• Positive Sentiment: NuScale said it has begun producing physical reactor modules with Doosan Enerbility, marking a shift from design and development toward manufacturing. The company cited $1.9 billion in liquidity; negotiations with the Tennessee Valley Authority (TVA) remain important to converting its plans into commercial orders. Article: SMR Q3 Earnings Call Highlights Shift to Module Manufacturing
• Positive Sentiment: The quarterly loss of $0.11 per share was slightly narrower than the $0.12 consensus estimate and substantially improved from a $1.85 loss a year earlier. NuScale also holds the only small modular reactor design approved by the U.S. Nuclear Regulatory Commission, a potential commercialization advantage. Article: NuScale Power Corp Q3 Earnings Call Highlights
• Neutral Sentiment: A broader rebound in nuclear-related stocks added support, though the move was sector-wide rather than based solely on NuScale-specific news. Article: Nuclear Stocks Rebound
• Negative Sentiment: Revenue was just $0.28 million, far below the $3.66 million expected and down 96.6% year over year, highlighting how little commercial revenue the company currently generates. Article: NuScale Reports Q3 Loss, Lags Revenue Estimates
• Negative Sentiment: Canaccord cut its price target to $11, while Cantor Fitzgerald reduced its target from $20 to $15, despite maintaining an “overweight” rating. The reductions signal continued caution about execution and the path to orders. Article: Canaccord Lowers NuScale Price Target

NuScale Power Company Profile

NuScale Power Corporation develops small modular reactor (SMR) technology for producing electricity and other forms of low-carbon energy. The company’s core product is the NuScale Power Module, a compact pressurized-water reactor designed to be manufactured in a factory, transported to a site and deployed in scalable configurations.

NuScale markets its technology through the VOYGR power plant platform, which can combine multiple reactor modules to meet the needs of utilities, industrial users and other customers.