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Robert Ramsey Hamady, the Chief Financial Officer of NuScale Power Corp (NYSE:SMR), recently executed a sale of company shares valued at $191,266. The transaction, which took place on March 3, involved the sale of 11,630 shares at an average price of $16.446 per share. This sale was conducted to cover tax withholding obligations related to the vesting and settlement of restricted stock units. The transaction comes as SMR’s stock has shown significant momentum, posting a remarkable 341% return over the past year, despite recent volatility.
In addition to the sale, Hamady also acquired 44,270 shares of Class A Common Stock on February 28 through the conversion of restricted stock units, which were granted in the previous year. No cash was exchanged for these shares, as they converted on a one-for-one basis. The company maintains strong financial flexibility with a current ratio of 5.25, indicating robust liquidity.
Following these transactions, Hamady holds a total of 61,481 shares directly. According to InvestingPro analysis, NuScale Power is currently trading near its Fair Value, with 12+ additional exclusive insights available to subscribers, including detailed profitability metrics and growth forecasts.
In other recent news, NuScale Power Corp reported a remarkable increase in revenue for Q4 2024, reaching $34.2 million, significantly surpassing the expected $5.63 million. Despite this substantial revenue growth, the company faced a net loss of $180.3 million, influenced by a $170 million non-cash expense. The company maintains a strong cash position, ending the year with $446.7 million, up from $125.4 million at the end of 2023. Additionally, NuScale is advancing its small modular reactor (SMR) technology and expanding production capabilities to meet growing demand. Analysts from firms like Canaccord Genuity and TD Cowen have been inquiring about the company’s strategic partnerships and potential DOE grant opportunities. NuScale is also in discussions with data center companies and is focusing on expanding its presence in the industrial electrification market. The company expects to receive NRC approval for a power upgrade by mid-2025, which could enhance its offerings to a broader range of customers.
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