Tue Sep 17 06:48:50 UTC 2024: ## NuScale Power Stock Drops on Insider Selling, Despite Positive Analyst Sentiment

**New York, NY** – Shares of NuScale Power Co. (NYSE:SMR) fell 0.8% on Monday following an insider sale. The stock traded as low as $9.35 before closing at $9.60. This comes despite recent positive research reports from analysts.

On Friday, September 13th, Robert K. Temple, an insider at NuScale, sold 5,000 shares of the company’s stock at an average price of $9.57. This transaction was disclosed in a filing with the Securities and Exchange Commission.

Despite the insider sale, several analysts remain optimistic about NuScale’s future. CLSA initiated coverage on the company with an “outperform” rating and a $11.00 price objective. B. Riley also raised their price target from $8.00 to $14.00 and gave the stock a “buy” rating. Overall, NuScale has a “Moderate Buy” consensus rating with a $8.63 price target.

NuScale, which develops and sells modular light water reactor nuclear power plants, missed analysts’ earnings expectations in its last quarterly report. The company reported a loss of $0.31 per share for the quarter, compared to an estimated loss of $0.13.

Despite the recent dip, NuScale’s stock has seen significant interest from institutional investors. Swiss National Bank, Jump Financial LLC, Quadrature Capital Ltd, Rheos Capital Works Inc., and Evanson Asset Management LLC have all bought or increased their holdings in the company within the past year.

NuScale’s future hinges on the success of its modular nuclear power plants, which aim to provide clean and reliable energy solutions. Investors are watching closely to see if the company can meet its ambitious goals and turn around its recent financial performance.

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