<div id="readability-page-1"><p>Shares of NuScale Power Corporation (NYSE:SMR - Get Free Report) gapped up before the market opened on Wednesday . The stock had previously closed at $35.63, but opened at $38.22. NuScale Power shares last traded at $37.9890, with a volume of 4,406,000 shares trading hands.</p><div><p><span></span><span>Get <strong>NuScale Power</strong> alerts:</span></p></div><h2>Analyst Ratings Changes</h2><ul><li>3 Heavily Shorted Stocks That Could Pop on Rate Cuts</li></ul><p>SMR has been the topic of a number of research analyst reports. Cantor Fitzgerald initiated coverage on NuScale Power in a report on Tuesday, October 21st. They set an &#34;overweight&#34; rating and a $55.00 price target on the stock. UBS Group lifted their price target on NuScale Power from $34.00 to $38.00 and gave the company a &#34;neutral&#34; rating in a report on Monday, August 11th. Royal Bank Of Canada began coverage on NuScale Power in a research report on Monday, September 15th. They set a &#34;sector perform&#34; rating and a $35.00 price objective for the company. Canaccord Genuity Group lifted their price objective on NuScale Power from $44.00 to $60.00 and gave the company a &#34;buy&#34; rating in a research report on Wednesday, September 3rd. Finally, Bank of America  reissued an &#34;underperform&#34; rating and set a $34.00 price objective (down previously from $38.00) on shares of NuScale Power in a research report on Tuesday, September 30th. Three analysts have rated the stock with a Buy rating, seven have given a Hold rating and five have assigned  a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of &#34;Reduce&#34; and a consensus price target of $37.73.</p><p><b>Check Out Our Latest Stock Report on NuScale Power</b></p><h2>NuScale Power Price Performance</h2><ul><li>NuScale, Rocket Lab Face Heavy Insider Selling After Surges</li></ul><p>The business has a 50-day simple moving average of $39.35 and a two-hundred day simple moving average of $35.83. The stock has a market cap of $10.71 billion, a price-to-earnings ratio of -31.56 and a beta of 2.03. </p><p>NuScale Power (NYSE:SMR - Get Free Report) last announced its quarterly earnings results on Thursday, August 7th. The company reported ($0.13) earnings per share for the quarter, missing analysts' consensus estimates of ($0.12) by ($0.01). NuScale Power had a positive return on equity of 2.61% and a negative net margin of 221.07%.The business had revenue of $8.05 million for the quarter, compared to analyst estimates of $10.49 million.  As a group, equities analysts anticipate that  NuScale Power Corporation will post -0.73 earnings per share for the current fiscal year. </p><h2>Insiders Place Their Bets</h2><ul><li>NuScale Power: The SMR Stock at the Heart of the AI Energy Boom</li></ul><p>In other NuScale Power news, Director Corp Fluor sold 87,900 shares of the company's stock in a transaction on Wednesday, October 8th. The stock was sold at an average price of $39.58, for a total transaction of $3,479,082.00. The transaction was disclosed in a legal filing with the Securities &amp; Exchange Commission, which is available through this hyperlink. Insiders sold 15,030,641 shares of company stock worth $605,953,415 in the last three months. 1.96% of the stock is owned by corporate insiders. </p><h2>Institutional Trading of NuScale Power</h2><p>A number of large investors have recently bought and sold shares of SMR. Wealth Enhancement Advisory Services LLC grew its holdings in  NuScale Power by 51.7% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 17,522 shares of the company's stock worth $248,000 after acquiring an additional 5,974 shares during the period.  Allspring Global Investments Holdings LLC lifted its position in shares of  NuScale Power by 58.3% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 135,736 shares of the company's stock worth $1,987,000 after buying an additional 49,998 shares in the last quarter.  Teacher Retirement System of Texas lifted its position in shares of  NuScale Power by 20.9% during the 1st quarter. Teacher Retirement System of Texas now owns 45,454 shares of the company's stock worth $644,000 after buying an additional 7,852 shares in the last quarter.  Bank of New York Mellon Corp raised its holdings in shares of  NuScale Power by 5.2% in the 1st quarter. Bank of New York Mellon Corp now owns 258,626 shares of the company's stock worth $3,662,000 after purchasing an additional 12,879 shares during the period.  Finally, Arizona State Retirement System raised its holdings in shares of  NuScale Power by 19.8% in the 1st quarter. Arizona State Retirement System now owns 29,638 shares of the company's stock worth $420,000 after purchasing an additional 4,899 shares during the period. 78.37% of the stock is currently owned by institutional investors and hedge funds. </p><h2>About NuScale Power</h2> (Get Free Report)<p>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.</p><h2>See Also</h2><ul><li>Five stocks we like better than NuScale Power</li><li>What Makes a Stock a Good Dividend Stock?</li><li>Stardust's Strategic Lithium Deal Could Be a Game-Changer</li><li>Stock Average Calculator      </li><li>Sticker Shock: Why Kimberly-Clark's Sell-Off Is an Overreaction</li><li>Stock Splits, Do They Really Impact Investors?</li><li>Why Hims &amp; Hers Stock May Be a Buy After Mixed Q3 Results</li></ul><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in NuScale Power Right Now?</h2><p>Before you consider NuScale Power, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and NuScale Power wasn't on the list.</p><p>While NuScale Power currently has a Reduce rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

<p>NuScale Power (NYSE:SMR) shares gapped up from $35.63 to $38.22 before closing at $37.99, with a trading volume of 4.4 million shares. Analysts have mixed ratings, with Cantor Fitzgerald setting a $55 target and Bank of America lowering theirs to $34. The company reported a quarterly loss of $0.13 per share, missing estimates, and had revenue of $8.05 million. Insiders sold over 15 million shares recently, while institutional investors hold 78.37% of the stock. NuScale focuses on modular nuclear power plants for energy generation.</p>

NuScale Power (NYSE:SMR) Shares Gap Up - Here's What Happened