NuScale CFO Sells as Stock Hits 52-Week Low
NuScale CFO Robert Ramsey Hamady sold $438,432 in stock between $7.89 and $9.39 per share before the stock hit a 52-week low of $5.38, with no insider purchases following. Three analyst firms cut targ
NuScale CFO Sells as SMR Hits 52-Week Low Again
NEW YORK, October 23 —
NuScale Power Corporation (SMR) CFO Robert Ramsey Hamady sold 49,880 shares at $7.89 to $9.39 per share in the 90 days before the stock hit a 52-week low of $5.38 this week, collecting $438,432 in proceeds, and zero insider purchases followed. Three analyst firms cut targets inside a single week, leaving a $2.21 billion market cap resting almost entirely on $1.07 billion in cash and an uncontracted industrial heat thesis.
- CFO sold $438,432 in stock at $7.89, $9.39; shares now trade at $5.38, down ~49% year-to-date.
- $205 million annual free cash flow burn against roughly $10 million in trailing revenue.
- Short interest at 20.7% of float; analyst consensus target at $11.07.
The Selling Window Nobody Can Ignore
Hamady's sales came in two clusters, $9.39 in late August and $7.89 in early October, bracketing the period in which Truist, Citi, and Barclays all trimmed their targets, per filings and market reports. The CFO of a pre-revenue company selling into a declining share price is not inherently suspicious, but the absence of any open-market buying by any NuScale insider over the same 90-day window removes the natural counterargument. When insiders only sell, the signal is asymmetric: they may have diversification motives, but they are not putting fresh capital on the thesis they present publicly.
Cash Is the Business, For Now
NuScale licenses its 77-megawatt-per-module small modular reactor design and provides regulatory and lifecycle support, a capital-light model that should, eventually, generate high-margin fees. Eventually is doing heavy lifting: trailing twelve-month revenue is roughly $10 million, down 99.1% year-over-year, with a negative EPS of $2.92 and four misses in five quarters. The $1.07 billion cash balance against only $0.01 billion in debt is the real offset, representing roughly five years of runway at the current $205 million annual burn. The industrial heat opportunity, a 2025 Oak Ridge National Laboratory assessment found NuScale systems could cut a large chemical facility's CO₂ emissions 80% to 90%, is a legitimate long-duration option, but no commercial contract anchors it yet.
| Ticker | Mkt cap | Fwd P/E | 52-wk |
|---|---|---|---|
| SMR | $2.2B | n/a | -85.7% |
| OKLO | $4.9B | n/a | -80.1% |
| NNE | $653M | n/a | -71.7% |
| LEU | $2.1B | 27.3x | -72.8% |
| CEG | $89.8B | 19.0x | -34.4% |
| VST | $47.0B | 13.5x | -30.1% |
What Changes the Math
The $11.07 analyst consensus target implies nearly double the current price, but that gap is narrowing as Truist, Citi, and Barclays all moved in the same direction this week. The number worth watching next quarter: whether the cash balance holds above $900 million, signaling the burn rate is steady rather than accelerating. A signed industrial heat contract would reframe the entire setup; the absence of one by mid-2027 would test whether the runway assumption holds. Run the free NuScale Power Corporation deep-dive → to track balance sheet progress against the burn rate.
Current fundamentals, valuation and filing history for NuScale Power Corporation (SMR) are tracked on its Basis Report page.
Basis Report is independent research for informational purposes. It is not investment advice and not a recommendation to buy or sell any security.
Frequently Asked Questions
Why did NuScale CFO sell stock?
NuScale CFO Robert Ramsey Hamady sold 49,880 shares at $7.89 to $9.39 per share, collecting $438,432 in proceeds before the stock hit a 52-week low of $5.38. Notably, no insider purchases followed the CFO's sales, which removes the natural counterargument that he merely has diversification motives and is not putting fresh capital on the thesis he presents publicly.
What is NuScale's business model?
NuScale designs and licenses small modular reactors (SMRs) with a 77-megawatt-per-module capacity and provides regulatory and lifecycle support. The company currently has trailing revenue of roughly $10 million while burning $205 million annually in pursuit of an industrial heat opportunity.
Why did analysts cut NuScale price targets?
Truist, Citi, and Barclays all cut their targets inside a single week as the company faces negative EPS of $2.92, trailing revenue of only $10 million, and four guidance misses in five quarters. The company is burning $205 million annually with no commercial contracts to anchor its industrial heat thesis.
How much cash runway does NuScale have left?
NuScale has $1.07 billion in cash reserves against minimal debt ($0.01 billion), which represents roughly five years of runway at the current $205 million annual burn rate. The key metric to watch is whether the cash balance holds above $900 million next quarter, signaling the burn rate is steady.
What catalyst could turn NuScale around?
A signed industrial heat contract would reframe the entire setup, as the company currently has no commercial contracts anchoring the opportunity. The absence of such a contract by mid-2027 would test whether the five-year runway assumption holds.
NuScale Power shares hit a 52-week low on October 22–23, 2026, as Truist cut its price target and both Citi and Barclays had already turned more bearish earlier in the week. The selloff arrives with an uncomfortable backdrop: NuScale's CFO sold $438,000 in stock at prices between $7.89 and $9.39 per share over the same stretch — well above where the stock trades today at $5.38.