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Jacqueline F. Engel, Interim Vice President of Accounting at NuScale Power Corp (NYSE:SMR), has sold a significant portion of her holdings in the company. According to a recent SEC filing, Engel sold 24,618 shares of Class A Common Stock on March 4, 2025, at a price of $14.52 per share, well below the current trading price of $16.76. The total value of the transaction amounted to $357,453. The stock has shown remarkable performance with a 310% return over the past year, though InvestingPro analysis suggests the stock is currently trading above its Fair Value. Following this sale, Engel retains ownership of 1,149 shares in the company. NuScale Power, now valued at $4.89 billion, maintains impressive gross margins of 87%. InvestingPro subscribers can access 15+ additional insights and a comprehensive Pro Research Report about SMR’s financial health and growth prospects.
In other recent news, NuScale Power Corp reported a significant increase in revenue for the fourth quarter of 2024, reaching $34.2 million, far exceeding the forecasted $5.63 million. Despite this impressive revenue growth, the company recorded a net loss of $180.3 million, largely due to a $170 million non-cash expense. As part of its ongoing efforts, NuScale is advancing its small modular reactor (SMR) technology and expanding production capabilities, with plans to enhance its presence in the data center and industrial electrification markets. The company also maintains a strong cash position, bolstered by warrant conversions, ending the year with $446.7 million in cash and equivalents.
NuScale Power’s future revenue projections indicate potential growth, with expectations to reach $52 million by the fiscal year 2025. The company is pursuing power purchase agreements and anticipates receiving NRC approval for a power upgrade by mid-2025. In terms of analyst perspectives, firms like Canaccord Genuity and TD Cowen have shown interest in NuScale’s strategic partnerships and potential DOE grant opportunities. These developments highlight NuScale’s commitment to leveraging its NRC-approved SMR technology to meet the increasing demand for clean energy solutions.
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