NuScale Power Co. (NYSE:SMR) CEO John Lawrence Hopkins Sells 664,568 Shares

NuScale Power Co. (NYSE:SMR - Get Free Report) CEO John Lawrence Hopkins sold 664,568 shares of NuScale Power stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $18.04, for a total value of $11,988,806.72. Following the completion of the sale, the chief executive officer now directly owns 34,675 shares in the company, valued at $625,537. This represents a 95.04 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

NuScale Power Trading Up 13.0 %

NYSE SMR traded up $2.72 on Monday, reaching $23.57. 15,154,467 shares of the company were exchanged, compared to its average volume of 10,943,233. The business's fifty day moving average price is $22.83 and its 200 day moving average price is $15.41. The stock has a market capitalization of $6.02 billion, a P/E ratio of -24.81 and a beta of 1.47. The company has a current ratio of 2.24, a quick ratio of 2.24 and a debt-to-equity ratio of 0.26. NuScale Power Co. has a fifty-two week low of $1.88 and a fifty-two week high of $32.30.

Hedge Funds Weigh In On NuScale Power

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp raised its position in NuScale Power by 97.3% in the second quarter. Bank of New York Mellon Corp now owns 278,513 shares of the company's stock valued at $3,256,000 after purchasing an additional 137,382 shares during the period. Principal Financial Group Inc. purchased a new stake in NuScale Power in the second quarter valued at $123,000. Commonwealth Equity Services LLC raised its position in NuScale Power by 85.9% in the second quarter. Commonwealth Equity Services LLC now owns 78,411 shares of the company's stock valued at $917,000 after purchasing an additional 36,236 shares during the period. Rhumbline Advisers raised its position in NuScale Power by 62.9% in the second quarter. Rhumbline Advisers now owns 104,341 shares of the company's stock valued at $1,220,000 after purchasing an additional 40,305 shares during the period. Finally, Quest Partners LLC purchased a new stake in NuScale Power in the second quarter valued at $115,000. Institutional investors and hedge funds own 78.37% of the company's stock.

Analyst Upgrades and Downgrades

SMR has been the topic of a number of research analyst reports. CLSA initiated coverage on NuScale Power in a research note on Friday, September 13th. They issued an "outperform" rating and a $11.00 price target on the stock. Craig Hallum lifted their price target on NuScale Power from $16.00 to $21.00 and gave the stock a "buy" rating in a research note on Thursday, October 17th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $10.39.

NuScale Power Company Profile

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.