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NuScale Power Corp (NASDAQ:SMR), a $4 billion market cap company currently trading at $12.61, saw its Chief Technology Officer Jose N. Reyes Jr. execute a significant stock transaction, according to a recent SEC filing. Reyes sold 33,000 shares of Class A Common Stock on April 2, 2025, at a weighted average price of $15.13 per share, amounting to a total of $499,290. According to InvestingPro analysis, the stock is currently undervalued based on its Fair Value assessment.
This transaction was part of a series of stock activities by Reyes, who also acquired 33,000 shares through the exercise of employee stock options at a price of $3.41 per share, totaling $112,530. The sales and acquisitions were conducted indirectly through the Jose N. Reyes, Jr. Trust, dated August 2, 2021.
Following these transactions, Reyes holds 516,207 shares of NuScale Power Corp indirectly. The sales were executed in multiple transactions at prices ranging from $15.00 to $15.48 per share.
In other recent news, NuScale Power reported a significant increase in its fourth-quarter 2024 revenue, reaching $34.2 million, which surpassed the forecasted $5.63 million. Despite this notable revenue boost, the company recorded a net loss of $180.3 million for the quarter, influenced largely by a $170 million non-cash expense. The company’s cash position improved substantially, ending the year with $446.7 million, up from $125.4 million at the end of 2023, thanks to warrant conversions that bolstered liquidity. Analysts from TD Cowen maintained a Buy rating on NuScale Power, citing the company’s advancements in Small Modular Reactors (SMRs) and their potential role in future nuclear construction. The analysts emphasized the need for NuScale to accelerate customer acquisition and cash inflows to support growth in the competitive nuclear market. NuScale’s ongoing progress in SMR technology and production capabilities aligns with its focus on expanding into data centers and industrial markets. The company is also pursuing power purchase agreements and expects NRC approval for a power upgrade by mid-2025. These developments underscore NuScale’s strategic initiatives as it navigates the challenges and opportunities in the clean energy sector.
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