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NuScale Power Corp (NASDAQ:SMR), a nuclear technology company with a market capitalization of approximately $4 billion and impressive gross profit margins of 87%, saw its Chief Operating Officer Carl M. Fisher recently sell shares of the company’s Class A Common Stock, according to a recent SEC filing. According to InvestingPro analysis, the stock has shown significant volatility, gaining over 340% in the past year. On March 3, Fisher sold 15,961 shares at an average price of $16.446 per share, amounting to a total transaction value of approximately $262,494. The sale was executed to cover tax withholding obligations associated with the vesting and settlement of restricted stock units.
In addition to the sale, Fisher acquired 52,083 shares of Class A Common Stock on February 28 through the vesting of restricted stock units, though these transactions were conducted at no cost. Following these transactions, Fisher holds 66,445 shares directly.
In other recent news, NuScale Power Corp reported a significant increase in revenue for the fourth quarter of 2024, reaching $34.2 million, which far exceeded the forecasted $5.63 million. Despite this revenue surge, the company reported a net loss of $180.3 million, influenced by a $170 million non-cash expense. The company’s cash position improved substantially to $446.7 million, up from $125.4 million at the end of 2023. NuScale is also focusing on expanding its presence in the data center and industrial electrification markets, with plans to increase its power output per module. In terms of analyst activity, there were no specific upgrades or downgrades mentioned, but the company’s strategic partnerships and ongoing discussions with data center companies were highlighted as key growth drivers. NuScale is progressing with its SMR technology and is in discussions with prospective customers for additional module configurations. The company also mentioned its efforts to secure a potential $800 million grant for Gen 3 reactors, although participation is still under evaluation.
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