NuScale Power Co. (NYSE:SMR – Get Rating) major shareholder Energy New Technology In Green sold 10,199 shares of the firm’s stock in a transaction on Thursday, October 6th. The stock was sold at an average price of $11.60, for a total value of $118,308.40. Following the completion of the transaction, the insider now directly owns 4,603,169 shares of the company’s stock, valued at $53,396,760.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Major shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.
Energy New Technology In Green also recently made the following trade(s):
On Monday, September 26th, Energy New Technology In Green sold 96,137 shares of NuScale Power stock. The stock was sold at an average price of $11.51, for a total value of $1,106,536.87.
On Thursday, September 22nd, Energy New Technology In Green sold 225,163 shares of NuScale Power stock. The stock was sold at an average price of $13.39, for a total value of $3,014,932.57.
NuScale Power Stock Performance
NYSE:SMR traded down $0.06 during trading hours on Tuesday, hitting $10.86. 588,477 shares of the company’s stock traded hands, compared to its average volume of 691,942. NuScale Power Co. has a 52 week low of $8.87 and a 52 week high of $15.85. The company has a fifty day moving average of $13.60.
NuScale Power (NYSE:SMR – Get Rating) last released its quarterly earnings data on Wednesday, August 10th. The company reported ($0.08) EPS for the quarter. The firm had revenue of $2.75 million during the quarter. Equities analysts forecast that NuScale Power Co. will post -0.62 earnings per share for the current fiscal year.
Analyst Ratings Changes
A number of research firms have recently commented on SMR. Cowen raised their price target on NuScale Power to $17.00 in a report on Monday, August 15th. Wells Fargo & Company started coverage on NuScale Power in a research note on Thursday, August 25th. They set an “equal weight” rating and a $17.00 price objective for the company. Finally, Guggenheim started coverage on NuScale Power in a research note on Thursday, August 18th. They set a “buy” rating and a $18.00 price objective for the company.
Institutional Inflows and Outflows
A number of hedge funds have recently bought and sold shares of SMR. Boenning & Scattergood Inc. purchased a new position in NuScale Power during the 2nd quarter valued at about $437,000. CFO4Life Group LLC bought a new stake in NuScale Power during the 2nd quarter valued at approximately $105,000. Strs Ohio bought a new stake in NuScale Power during the 2nd quarter valued at approximately $39,000. Canal Insurance CO bought a new stake in NuScale Power during the 2nd quarter valued at approximately $400,000. Finally, CWM LLC bought a new stake in NuScale Power during the 2nd quarter valued at approximately $213,000. Hedge funds and other institutional investors own 30.41% of the company’s stock.
About NuScale Power
NuScale Power Corporation develops and sells 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, a water reactor that can generate 77 megawatts of electricity (MWe); The VOYGR-12 power plant that can generate 924 MWe; and four-module VOYGR-4 and six-module VOYGR-6 plants, as well as other configurations based on customer needs.