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

NuScale Power Co. (NYSE:SMR) experienced a notable increase in share price before the market opened on Tuesday. The stock, which had previously closed at $14.16, opened at $14.75, indicating a positive shift in investor sentiment. As of the last trading session, NuScale Power's shares were priced at $14.14, with a trading volume of 1,078,244 shares.

Wall Street Analysts Forecast Growth

Analysts predict growth opportunities for NuScale Power, particularly as the nuclear energy sector gains attention. A recent report highlighted the pressing energy needs of companies like NVIDIA, pointing to several nuclear stocks, including NuScale Power, as potential buys.

In a recent research note, UBS Group revised their price target on NuScale Power, decreasing it from $25.00 to $17.00, while assigning a "neutral" rating to the stock.

NuScale Power Price Performance

NuScale Power has shown considerable movement in its stock price, supported by significant trading activity. The company's 50-day moving average stands at $20.21, and the 200-day moving average is at $19.67. With a market capitalization of $4.10 billion, NuScale maintains a debt-to-equity ratio of 0.26, which reflects a stable financial situation.

Insider Buying and Selling at NuScale Power

Recent insider activity has raised eyebrows regarding NuScale Power's stock. CEO John Lawrence Hopkins conducted a substantial sale of 664,568 shares on January 2nd, selling them at an average price of $18.04, totaling nearly $12 million. Following this sale, the CEO retained 34,675 shares valued at approximately $625,537, marking a significant decrease in his ownership stake.

Additionally, VP Jacqueline F. Engel sold 24,618 shares on March 4th at an average price of $14.52, which also represented a considerable reduction in her holdings. This insider selling trend has led to a total of 720,682 shares sold by insiders within the last 90 days, amounting to over $12.8 million. It's worth noting that insiders own around 1.96% of NuScale's stock.

Institutional Inflows and Outflows

Recent institutional trading activity reflects growing interest in NuScale Power. CoreCap Advisors LLC acquired a new investment in the company, valued at around $33,000. Other firms, such as Venturi Wealth Management, significantly increased their positions, indicating positive investor sentiment. Currently, about 78.37% of NuScale Power's shares are held by institutional investors.

About NuScale Power

NuScale Power Corporation specializes in developing and selling modular light water reactor nuclear power plants. These plants are designed to provide electricity for various applications, including electricity generation, district heating, desalination, and hydrogen production. Their flagship product, the NuScale Power Module (NPM), can generate 77 megawatts of electricity and features several plant designs that accommodate different configurations.

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