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Jacqueline F. Engel, the Interim Vice President of Accounting at NuScale Power Corp (NYSE:SMR), recently reported selling shares of the company. The stock, which has seen a remarkable 342% return over the past year and currently has a market capitalization of approximately $4 billion, is trading near its InvestingPro Fair Value. According to the SEC filing, Engel sold a total of 10,648 shares on March 3, 2025. The transactions were executed at prices ranging from $16.446 to $18.15 per share, amounting to a total value of $177,920.
The sales were part of two separate transactions. One involved the sale of 1,645 shares at $18.15 each, while the other consisted of 9,003 shares sold at $16.446 each. The latter sale was conducted to cover tax withholding obligations related to the vesting and settlement of restricted stock units.
Following these sales, Engel holds 25,767 shares of NuScale Power’s Class A Common Stock.
In other recent news, NuScale Power Corp reported a significant rise in revenue for the fourth quarter of 2024, reaching $34.2 million, which far exceeded the forecasted $5.63 million. Despite this impressive revenue growth, the company reported a net loss of $180.3 million, primarily due to a $170 million non-cash expense. NuScale’s cash position also improved significantly, ending the year with $446.7 million in cash and equivalents, up from $125.4 million at the end of 2023. The company continues to focus on expanding its SMR technology and production capabilities, aiming to meet the increasing demand for clean energy solutions. Analysts from Canaccord Genuity and TD Cowen have shown interest in NuScale’s strategic partnerships and ongoing projects, particularly with data centers and industrial sectors. Additionally, NuScale is progressing with its power upgrade plans, expecting NRC approval by mid-2025. The company has also placed orders for long-lead materials for additional modules, indicating confidence in its customer pipeline and future growth.
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