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In a recent transaction, Robert Hamady, Chief Financial Officer of NuScale Power Corp (NYSE:SMR), sold 31,496 shares of Class A Common Stock. The shares were sold at a price of $15.70 each, amounting to a total value of $494,487. The company, currently valued at $4.14 billion, has shown impressive gross profit margins of 87% and maintains a healthy current ratio of 5.25. Following this sale, Hamady retains ownership of 29,985 shares. The transaction was executed as part of a prearranged trading plan. The stock has demonstrated significant momentum with a 68% gain over the past six months, though InvestingPro analysis indicates the shares are currently trading slightly above their Fair Value. For deeper insights into insider trading patterns and 16+ additional ProTips, explore the comprehensive Pro Research Report available on InvestingPro.
In other recent news, NuScale Power Corp reported a significant increase in revenue for the fourth quarter of 2024, reaching $34.2 million, which was substantially higher than the forecasted $5.63 million. Despite this impressive revenue growth, the company reported a net loss of $180.3 million for the quarter, largely due to a $170 million non-cash expense. NuScale’s strong cash position at the end of 2024 was bolstered by warrant conversions, resulting in a cash balance of $446.7 million. The company is actively advancing its small modular reactor (SMR) technology and expanding its production capabilities. NuScale is also pursuing power purchase agreements and expects to receive NRC approval for a power upgrade by mid-2025. In terms of future growth, the company projects revenue to increase to $52 million by fiscal year 2025. Analyst firms such as Canaccord Genuity and TD Cowen have shown interest in NuScale’s strategic partnerships and potential DOE grant opportunities. Additionally, the company is engaged in discussions with data center companies and other prospective customers to further commercialize its SMR technology.
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