EUR/USD likely to find a peak near 1.25: UBS
John Lawrence Hopkins, the Chief Executive Officer of NuScale Power Corp (NYSE:SMR), recently executed a significant stock transaction. According to a recent SEC filing, Hopkins sold 66,502 shares of Class A Common Stock on March 3, 2025, at an average price of $16.446 per share, generating approximately $1.09 million. The transaction comes as SMR’s stock has shown remarkable performance, delivering a 341.79% return over the past year, despite its current trading price of $17.23 suggesting slight overvaluation according to InvestingPro Fair Value metrics.
These sales were reportedly made to cover tax withholding obligations related to the vesting and settlement of restricted stock units. Following these transactions, Hopkins retains direct ownership of 111,624 shares of NuScale Power. InvestingPro analysis reveals the company maintains impressive gross profit margins of 86.67%, though it currently shows a WEAK overall financial health score. For deeper insights, investors can access 14 additional ProTips and comprehensive financial metrics through InvestingPro’s detailed research reports.
Additionally, on February 28, 2025, Hopkins acquired 143,451 shares of Class A Common Stock through the vesting of restricted stock units, although these acquisitions did not involve any cash transactions. The company, currently valued at $3.95 billion by market capitalization, maintains a strong liquidity position with more cash than debt on its balance sheet.
In other recent news, NuScale Power Corp reported a notable increase in revenue for Q4 2024, reaching $34.2 million, surpassing the forecasted $5.63 million. Despite this revenue growth, the company recorded a net loss of $180.3 million for the quarter, largely due to a $170 million non-cash expense. The company’s cash position improved significantly, ending the year with $446.7 million, up from $125.4 million at the end of 2023. Analysts have noted the potential for significant growth in NuScale’s future revenue, with projections estimating an increase to $52 million by FY2025. The company is advancing its SMR technology and has been actively expanding its production capabilities. Additionally, NuScale is focusing on power purchase agreements and expects regulatory approval for a power upgrade by mid-2025. The company continues to engage in strategic partnerships and discussions with potential customers in the data center and industrial sectors.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.