NuScale Power Falls as Nuclear Trade Weakens and Investors Reassess Execution Risk

NuScale Power (SMR) is down 9.7% today. Here is some analysis on what might have caused this price movement.

Analysis: The drop appears tied to a broader selloff in small modular reactor names, with investors moving away from higher-risk nuclear developers during a weak session for the group. NuScale-specific pressure also seems to be lingering from concerns around commercialization timing, dilution risk, and the lack of near-term revenue support, rather than from a new company announcement today.

Details:

NuScale’s investor page does not show a new negative operating update this week; its latest company release was an October 6 notice for its third-quarter earnings call.

The company entered into a sales agreement in August that allows it to sell shares through an at-the-market program, which can weigh on sentiment because investors often view that type of financing as a dilution overhang.

Its second-quarter results showed only minimal quarterly revenue while the company still held a large cash and investment balance, reinforcing the view that valuation depends heavily on future project execution.

A Form 4 filed on October 5 showed the chief financial officer sold 20,000 shares on October 1 under a Rule 10b5-1 plan; that sale was not large on its own, but it may have added to cautious trading in an already weak tape.

Sources:

NuScale Power, SEC, Yahoo Finance

Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

$SMR Insider Trading Activity

$SMR insiders have traded $SMR stock on the open market 7 times in the past 6 months. Of those trades, 0 have been purchases and 7 have been sales.

Here’s a breakdown of recent trading of $SMR stock by insiders over the last 6 months:

CORP FLUOR has made 0 purchases and 2 sales selling 26,436,472 shares for an estimated $309,866,313.
ROBERT RAMSEY HAMADY (Chief Financial Officer) has made 0 purchases and 3 sales selling 49,880 shares for an estimated $483,432.
SHINJI FUJINO sold 20,000 shares for an estimated $177,160
CARL M. FISHER (Chief Operating Officer) sold 18,771 shares for an estimated $175,734

To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.

$SMR Hedge Fund Activity

We have seen 315 institutional investors add shares of $SMR stock to their portfolio, and 172 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

BLACKROCK, INC. added 13,008,142 shares (+101.2%) to their portfolio in Q2 2026, for an estimated $130,471,664
VAN ECK ASSOCIATES CORP added 9,278,802 shares (+46.3%) to their portfolio in Q2 2026, for an estimated $93,066,384
TWO SIGMA INVESTMENTS, LP added 7,932,077 shares (+213.0%) to their portfolio in Q2 2026, for an estimated $79,558,732
RENAISSANCE TECHNOLOGIES LLC removed 5,455,800 shares (-100.0%) from their portfolio in Q2 2026, for an estimated $54,721,674
GEODE CAPITAL MANAGEMENT, LLC added 3,101,204 shares (+83.2%) to their portfolio in Q2 2026, for an estimated $31,105,076
SUSQUEHANNA INTERNATIONAL GROUP, LLP added 2,278,420 shares (+244.5%) to their portfolio in Q2 2026, for an estimated $22,852,552
HRT FINANCIAL LP removed 2,247,770 shares (-100.0%) from their portfolio in Q2 2026, for an estimated $22,545,133

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.

$SMR Price Targets

Multiple analysts have issued price targets for $SMR recently. We have seen 3 analysts offer price targets for $SMR in the last 6 months, with a median target of $13.0.

Here are some recent targets:

Vikram Bagri from Citigroup set a target price of $7.0 on 05/11/2026
Ryan Pfingst from B. Riley Securities set a target price of $19.0 on 04/24/2026
Samantha Hoh from HSBC set a target price of $13.0 on 04/23/2026

This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.