NuScale Power (NYSE:SMR) Stock Price Down 1.7% Following Analyst Downgrade

NuScale Power Co. (NYSE:SMR - Get Free Report)'s share price fell 1.7% during trading on Monday after UBS Group lowered their price target on the stock from $25.00 to $17.00. UBS Group currently has a neutral rating on the stock. NuScale Power traded as low as $14.74 and last traded at $15.37. 3,304,381 shares changed hands during trading, a decline of 72% from the average session volume of 11,747,102 shares. The stock had previously closed at $15.63.

Insider Transactions at NuScale Power

In other news, CEO John Lawrence Hopkins sold 664,568 shares of the firm's stock in a transaction dated Thursday, January 2nd. The shares were 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 owns 34,675 shares in the company, valued at approximately $625,537. This trade represents a 95.04 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Robert Ramsey Hamady sold 31,496 shares of the company's stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $15.70, for a total transaction of $494,487.20. Following the transaction, the chief financial officer now owns 29,985 shares in the company, valued at $470,764.50. The trade was a 51.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 720,682 shares of company stock worth $12,840,747 in the last three months. Insiders own 1.96% of the company's stock.

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Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the business. US Bancorp DE bought a new stake in shares of NuScale Power during the 3rd quarter worth approximately $54,000. Entropy Technologies LP purchased a new position in NuScale Power in the 3rd quarter worth about $138,000. Victory Capital Management Inc. bought a new stake in NuScale Power during the 3rd quarter valued at about $116,000. Quest Partners LLC boosted its position in NuScale Power by 52.4% in the 3rd quarter. Quest Partners LLC now owns 14,950 shares of the company's stock valued at $173,000 after buying an additional 5,142 shares during the period. Finally, Intech Investment Management LLC bought a new position in NuScale Power in the 3rd quarter worth about $175,000. Hedge funds and other institutional investors own 78.37% of the company's stock.

NuScale Power Trading Down 1.6 %

The stock's 50-day moving average price is $21.11 and its 200 day moving average price is $18.77. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.24 and a quick ratio of 2.24. The firm has a market capitalization of $4.07 billion, a PE ratio of -16.78 and a beta of 1.58.

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.