Key TakeawaysShares of NuScale have plummeted 83% from the 52-week peak of $57, currently hovering near $9.70Quarterly revenue plunged 99.1% year-over-year, dropping to a mere $0.07 millionNo confirmed initial sale has been secured, while major investor Fluor has divested its entire stakeShareholders face potential dilution from a proposed $750 million equity raiseWall Street maintains a “Hold” consensus with a $13.50 mean price targetShares of NuScale Power (SMR) are currently changing hands around $9.70, representing an approximately 83% decline from the stock’s 52-week peak of $57.42. The company maintains a market capitalization near $4 billion, a substantial valuation for an enterprise generating virtually no revenue.NuScale Power Corporation, SMRIn its most recent quarterly report, NuScale recorded a meager $0.07 million in revenue, representing a staggering 99.1% decrease compared to the prior-year period. This figure dramatically undershot analyst expectations of $8.80 million, although the company did meet consensus earnings per share forecasts with a $0.13 loss per share.The revenue shortfall isn’t the sole concern troubling market participants. NuScale has yet to secure a confirmed initial sale of its small modular reactor platform, leaving its commercial viability in question.Adding to investor anxiety, Fluor—a significant institutional stakeholder with a long history of support—has completely liquidated its holdings. Such a departure from a prominent backer typically sends negative signals to the market, and this instance proved no different.Mounting Cash Concerns and Shareholder DilutionNuScale continues depleting its cash reserves without an evident route to near-term profitability. Wall Street projects full-year earnings per share of -$0.64 for the current fiscal period.Compounding these challenges, NuScale unveiled plans for a $750 million equity offering, raising the specter of significant dilution for current shareholders. Additionally, the company executed a $506 million milestone payment to ENTRA1 Energy in connection with a prospective SMR project involving the Tennessee Valley Authority (TVA).Executive transactions have also raised eyebrows. Chief Financial Officer Robert Hamady offloaded approximately 30,000 shares in late August at $9.39 each. Chief Operating Officer Carl Fisher disposed of more than 18,000 shares in early August. While both transactions were attributed to tax liabilities stemming from equity compensation vesting, aggregate insider selling reached 68,651 shares during the trailing three-month period.Institutional activity presents a more nuanced picture. Vanguard expanded its position by 40.5%, while Van ECK Associates nearly doubled its stake. Morgan Stanley also augmented its holdings. Collectively, institutional and hedge fund investors control 78.37% of outstanding shares.Wall Street’s PerspectiveAnalyst sentiment remains split. The prevailing consensus stands at “Hold,” with a mean price objective of $13.50—substantially above current trading levels.Bank of America assigns a “Neutral” rating alongside a $12 price target. Truist echoes the “Hold” stance with a $10 target. Goldman Sachs has established a $9 objective. Among the bulls, B. Riley Financial and Canaccord Genuity maintain “Buy” ratings, though both recently reduced their targets—B. Riley from $19 down to $15, and Canaccord from $25 to $15.Among 17 analysts tracking the stock, one rates it Strong Buy, four assign Buy ratings, nine recommend Hold, and three suggest Sell.The stock exhibits a beta of 2.30, indicating heightened volatility in either direction. Its 50-day moving average stands at $9.12, while the 200-day average rests at $10.80.NuScale’s 52-week range spans from a low of $7.21 to a high of $57.42.The post NuScale Power (SMR) Stock Plunges 83% as Revenue Evaporates and Dilution Looms appeared first on Blockonomi.