Former NuScale Power Executive Sells Over $1.5 Million in Company Stock

In a recent development, retired executive Robert K. Temple has divested a notable portion of his shares in NuScale Power Corp, a company focused on boiler shop fabrication. On September 20, 2024, Temple sold 144,627 shares of Class A Common Stock at an average price of $10.90 per share, resulting in a total of approximately $1,576,434.

This transaction coincided with Temple exercising options to acquire an equal number of shares at a price of $3.41 each, amounting to a total transaction cost of $493,178. After these transactions, Temple’s direct stake in the company has diminished to 14,054 shares of Class A Common Stock.

The stock options exercised by Temple were part of an employee stock option plan that became fully exercisable on March 1, 2021. Under this plan, options for 25% of the shares became available on March 1, 2018, with subsequent options vesting at a rate of 1/48th of the shares each month thereafter.

NuScale Power Corp has yet to issue an official statement concerning these transactions, which are disclosed via SEC filings to maintain transparency regarding insider activity within publicly traded firms. These filings adhere to regulatory standards and provide essential insights into executive actions.

Market participants often pay close attention to insider trades, as they can signal the firm’s financial health and future outlook. As NuScale Power Corp’s stock is publicly traded, these transactions are reflected in the market, where shares can be bought and sold based on all available information.

The attorney-in-fact for Robert K. Temple, Patrick C. Cannon, verified the accuracy of the reported transactions through the SEC filing on September 24, 2024.

In other news, NuScale Power Corp has recently attracted attention from analysts. CLSA initiated coverage with an Outperform rating, emphasizing the company’s potential despite anticipated operational losses in the near future. TD Cowen also upheld a Buy rating, highlighting NuScale’s strategic initiatives and prudent cash management.

Recent financial disclosures indicated a net loss of $74.4 million for Q2 2024, although the company reported a solid cash reserve of $136 million. NuScale has also announced progress in the RoPower project and a new revenue-generating agreement in Romania. Its small modular reactor (SMR) technology, currently the only one certified by the Nuclear Regulatory Commission (NRC), continues to receive interest for its capabilities in providing reliable and low-carbon energy.

Amid these developments, NuScale is advancing with Phase 2 of the front-end engineering design for the RoPower initiative. The company has made strides in reducing costs, lowering operational expenses from $55 million to an average of $43 million over the past two quarters. These moves reflect NuScale’s commitment to mastering the challenges in the nuclear energy sector and advancing the commercialization of its SMR technology.

As market participants process the recent insider sales at NuScale Power Corp, it is essential to also evaluate the company’s financial status and market dynamics. With Robert K. Temple’s substantial share sale, investors may seek further context to gauge the implications for their investment strategies.

Current data shows that NuScale Power Corp is trading at a high Price/Book multiple of 21.6, suggesting a premium compared to its underlying asset value. This is particularly noteworthy given the company reported a significant revenue decline of 22.64% over the past year as of Q2 2024. Moreover, NuScale’s operating income margin is substantially low at -1779.64%, indicating difficulties in generating operational profits from revenues.

Notably, the company holds more cash on its balance sheet than debt, a positive marker of financial stability. On the performance front, NuScale has seen a remarkable 19.8% total return in the last week and an impressive six-month total return of 156.24%.

Investors looking into NuScale Power Corp may find these insights valuable as they reflect the company’s current valuation and performance trends. For those interested in a deeper analysis, additional tips and recommendations are available for a comprehensive look at the financial outlook.

This article was generated with the support of AI and reviewed by an editor.