NuScale Power Corp (NYSE: SMR) reported a transaction by Chief Accounting Officer David A. Tonnel in late March 2026. Per a Form 4 filing with the Securities and Exchange Commission, Tonnel sold 2,290 shares of Class A Common Stock on March 25, 2026, at a price of $11.845 per share, generating proceeds of $27,125.
The disposition took place while the stock was trading unusually close to its 52-week low. The reported 52-week low stands at $11.08, and shares were at $10.99 at the time of the report, reflecting a 69% decline over the prior six months.
Documentation filed with the SEC indicates Tonnel exercised 9,710 Restricted Stock Units on March 24, 2026. Those units convert into Class A Common Stock on a one-for-one basis, and the subsequent sales were made to satisfy tax withholding obligations tied to the vesting of those restricted stock units.
After completing the sale, Tonnel is reported to directly own 7,420 shares of NuScale Power Corp. Alongside the insider transaction, InvestingPro analysis cited in the filing places the stock on a Most Undervalued watchlist, noting the company as appearing undervalued at current levels and referencing additional Pro Research resources covering SMR and over 1,400 other U.S. equities.
Separate corporate developments were also disclosed. NuScale announced an expanded partnership with Framatome to incorporate European fuel fabrication facilities, a move described as enhancing the firm's capacity to supply fuel assemblies for both European and U.S. customers. In another technical collaboration, NuScale entered a research program with Ebara Elliott Energy aimed at developing a high-temperature steam compressor designed to integrate NuScale Power Modules with petrochemical plants.
On the analyst front, UBS reduced its price target for NuScale Power from $20 to $13, citing revised earnings outlooks that include negative cash EBITDA estimates for 2026 through 2028. Craig-Hallum also lowered its price target, moving it from $53 to $24, while retaining a Buy rating and citing NuScale's strategic positioning as a potential first mover in small modular reactor projects. Additionally, a report from Bernstein highlighted small modular reactors as a potential power source for artificial intelligence and hyperscaler demand, underscoring interest in dense, uninterrupted power solutions.
Taken together, the insider sale, the RSU exercise, analyst target adjustments, and NuScale's announced partnerships reflect ongoing corporate activity as the company pursues technology advancement and market expansion in the small modular reactor sector.