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Scott Clayton, Chief Commercial Officer of NuScale Power Corp (NYSE:SMR), recently reported a sale of company shares. According to the SEC filing, Clayton sold 14,535 shares of Class A Common Stock on March 3, 2025, at a price of $16.446 per share, amounting to a total transaction value of approximately $239,042. The stock, which has shown remarkable performance with a 341% return over the past year according to InvestingPro, currently trades at $17.23.
The filing also disclosed that Clayton acquired shares through the vesting of restricted stock units (RSUs) on February 28, 2025. This included 19,054 and 26,041 shares, respectively, which were acquired at no cost as part of his compensation package. Following these transactions, Clayton’s total shares owned amounted to 74,109.
The sale was conducted to cover tax withholding obligations associated with the vesting and settlement of the RSUs, as noted in the filing.
In other recent news, NuScale Power Corp reported a significant increase in its Q4 2024 revenue, reaching $34.2 million, which far exceeded the forecast of $5.63 million. Despite this impressive revenue growth, the company experienced a net loss of $180.3 million for the quarter, largely due to a $170 million non-cash expense. The company’s cash position improved markedly, ending the year with $446.7 million, up from $125.4 million at the end of 2023. Analysts noted the company’s progress in advancing its small modular reactor (SMR) technology and expanding production capabilities. In related developments, NuScale is focusing on expanding its presence in the data center and industrial electrification markets, with future revenue projections showing potential growth to $52 million by FY2025. The company is also pursuing power purchase agreements and expects to receive NRC approval for a power upgrade by mid-2025. Additionally, NuScale’s strategic partnerships and ongoing discussions with data center companies are seen as key growth drivers. Despite the positive revenue figures, investor sentiment remains cautious due to the net loss and significant non-cash expenses.
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