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Jose N. Reyes Jr., Chief Technology Officer of NuScale Power Corp (NYSE:SMR), recently reported the sale of 19,990 shares of the company’s Class A Common Stock. The shares were sold on March 3, 2025, at an average price of $16.446 per share, resulting in a total transaction value of approximately $328,755. These sales were made to cover tax withholding obligations related to the vesting and settlement of restricted stock units. The transaction comes as SMR’s stock shows significant momentum, with a remarkable 342% return over the past year, according to InvestingPro data.
On February 28, 2025, Reyes also acquired 26,641 and 31,250 shares of Class A Common Stock through the vesting of restricted stock units, bringing his total holdings to 536,197 shares. The acquisitions were made at no cost as part of a compensation package. The stock currently trades near InvestingPro’s Fair Value estimate, with analysts setting price targets ranging from $4.50 to $29.00 per share.
NuScale Power, based in Corvallis, Oregon, is involved in the manufacturing sector under the classification of fabricated plate work (boiler shops). With a market capitalization of approximately $4 billion, the company maintains strong financial health with a current ratio of 5.25 and impressive gross profit margins of 87%. Get access to 12 more exclusive InvestingPro Tips and comprehensive analysis through the Pro Research Report.
In other recent news, NuScale Power Corp reported a significant revenue increase for Q4 2024, reaching $34.2 million, surpassing the forecasted $5.63 million. Despite the revenue surge, the company reported a net loss of $180.3 million, largely due to a $170 million non-cash expense. Analysts noted that NuScale’s strong cash position was bolstered by warrant conversions, ending the year with $446.7 million in cash. The firm is advancing its small modular reactor (SMR) technology and expanding production capabilities, with plans to enter the data center and industrial electrification markets. Looking forward, NuScale expects its revenue to grow to $52 million by FY2025. 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. The company remains focused on securing power purchase agreements and expects to receive regulatory approval for a power upgrade by mid-2025.
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