Energy New Technology In Green Sells 225,163 Shares of NuScale Power Co. (NYSE:SMR) Stock

NuScale Power Co. (NYSE:SMR – Get Rating) major shareholder Energy New Technology In Green sold 225,163 shares of NuScale Power stock in a transaction dated Thursday, September 22nd. The shares were sold at an average price of $13.39, for a total value of $3,014,932.57. Following the transaction, the insider now directly owns 4,774,837 shares in the company, valued at approximately $63,935,067.43. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Major shareholders who own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

NuScale Power Price Performance

Shares of NYSE:SMR traded down $1.04 during trading on Monday, hitting $11.53. 1,336,541 shares of the company’s stock traded hands, compared to its average volume of 695,375. The firm has a 50-day simple moving average of $13.80. NuScale Power Co. has a 52 week low of $8.56 and a 52 week high of $15.85.

NuScale Power (NYSE:SMR – Get Rating) last released its earnings results on Wednesday, August 10th. The company reported ($0.08) earnings per share (EPS) for the quarter. The company had revenue of $2.75 million during the quarter. On average, research analysts expect that NuScale Power Co. will post -0.62 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on SMR. Cowen increased their target price on shares of NuScale Power to $17.00 in a research report on Monday, August 15th. Wells Fargo & Company began coverage on NuScale Power in a report on Thursday, August 25th. They set an “equal weight” rating and a $17.00 price target for the company. Finally, Guggenheim began coverage on NuScale Power in a research note on Thursday, August 18th. They set a “buy” rating and a $18.00 price target on the stock.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Strs Ohio acquired a new position in NuScale Power in the 2nd quarter valued at $39,000. Fifth Third Bancorp bought a new position in shares of NuScale Power in the 2nd quarter valued at $50,000. Point72 Hong Kong Ltd bought a new position in NuScale Power in the second quarter valued at about $57,000. American International Group Inc. acquired a new position in NuScale Power during the 2nd quarter worth approximately $80,000. Finally, JPMorgan Chase & Co. acquired a new position in shares of NuScale Power during the second quarter worth $92,000. 30.41% of the stock is owned by institutional investors.

About NuScale Power

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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.

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