Vanguard Group Inc. raised its position in shares of NuScale Power Corporation (NYSE:SMR – Free Report) by 40.5% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 15,545,018 shares of the company’s stock after purchasing an additional 4,482,254 shares during the quarter. Vanguard Group Inc. owned about 0.05% of NuScale Power worth $220,273,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Pasadena Private Wealth LLC raised its stake in NuScale Power by 4.9% during the third quarter. Pasadena Private Wealth LLC now owns 6,147 shares of the company’s stock valued at $221,000 after buying an additional 287 shares in the last quarter. Family Capital Management Inc. raised its holdings in shares of NuScale Power by 3.5% during the third quarter. Family Capital Management Inc. now owns 8,682 shares of the company’s stock worth $313,000 after purchasing an additional 291 shares during the period. Cibc World Market Inc. raised its holdings in shares of NuScale Power by 3.8% during the third quarter. Cibc World Market Inc. now owns 9,000 shares of the company’s stock worth $324,000 after purchasing an additional 329 shares during the period. MAI Capital Management raised its holdings in shares of NuScale Power by 37.0% during the third quarter. MAI Capital Management now owns 1,654 shares of the company’s stock worth $60,000 after purchasing an additional 447 shares during the period. Finally, Park Avenue Securities LLC raised its holdings in shares of NuScale Power by 1.5% during the third quarter. Park Avenue Securities LLC now owns 36,314 shares of the company’s stock worth $1,307,000 after purchasing an additional 525 shares during the period. Institutional investors and hedge funds own 78.37% of the company’s stock.
Insiders Place Their Bets
In related news, COO Carl M. Fisher sold 22,197 shares of the firm’s stock in a transaction that occurred on Tuesday, March 3rd. The stock was sold at an average price of $12.22, for a total value of $271,247.34. Following the sale, the chief operating officer directly owned 140,141 shares in the company, valued at $1,712,523.02. This trade represents a 13.67% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Robert Ramsey Hamady sold 18,570 shares of the firm’s stock in a transaction that occurred on Tuesday, March 3rd. The shares were sold at an average price of $12.22, for a total value of $226,925.40. Following the completion of the sale, the chief financial officer owned 97,192 shares in the company, valued at approximately $1,187,686.24. This represents a 16.04% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 40,572,082 shares of company stock worth $481,029,608. 1.28% of the stock is owned by company insiders.
NuScale Power Stock Down 0.5%
NuScale Power (NYSE:SMR – Get Free Report) last released its quarterly earnings data on Thursday, May 7th. The company reported ($0.14) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.03). NuScale Power had a negative return on equity of 56.54% and a negative net margin of 2,066.55%.The firm had revenue of $0.57 million during the quarter, compared to analyst estimates of $7.00 million. The firm’s revenue was down 95.8% on a year-over-year basis. Equities analysts forecast that NuScale Power Corporation will post -0.44 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
A number of analysts have weighed in on the stock. Northland Securities raised shares of NuScale Power from a “market perform” rating to an “outperform” rating and set a $21.00 target price on the stock in a report on Friday, February 27th. Zacks Research raised shares of NuScale Power from a “strong sell” rating to a “hold” rating in a report on Friday, February 20th. HSBC assumed coverage on shares of NuScale Power in a report on Thursday, April 23rd. They set a “hold” rating and a $13.00 target price on the stock. The Goldman Sachs Group set a $9.00 target price on shares of NuScale Power in a report on Friday. Finally, Cantor Fitzgerald dropped their price target on NuScale Power from $55.00 to $20.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 24th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, nine have assigned a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $19.38.
Read Our Latest Analysis on SMR
Key NuScale Power News
Here are the key news stories impacting NuScale Power this week:
- Negative Sentiment: NuScale missed Q1 estimates on both earnings and revenue, reporting a loss of $0.14 per share versus the expected $0.11 loss and just $0.56 million in revenue versus $7.0 million expected; revenue also fell sharply year over year, highlighting continued execution and commercialization challenges. Article Title
- Negative Sentiment: Operating expenses are climbing and RoPower-related activity has slowed, adding to concerns that near-term growth may not be keeping pace with spending. Article Title
- Neutral Sentiment: Fluor fully exited its equity stake in NuScale, which changes the shareholder structure but still leaves Fluor as an EPC partner; investors may view this as a governance/funding shift rather than a direct business setback. Article Title
- Positive Sentiment: Longer-term optimism remains tied to NRC approvals, a potential TVA power purchase agreement later this year, and the 6 GW ENTRA1 program, which could support future demand for NuScale’s small modular reactor technology. Article Title
- Positive Sentiment: Some analysts still see meaningful upside from current levels, with consensus price targets implying about 45% upside if execution improves and earnings estimates trend higher. Article Title
NuScale Power Company Profile
NuScale Power Corporation, trading on the NYSE American under the ticker SMR, is a pioneering developer of small modular nuclear reactors. Established in 2007 as a spinout from Oregon State University, the company is headquartered in Portland, Oregon. NuScale’s mission is to deliver zero-carbon baseload power through scalable modular reactor technology, aiming to transform traditional nuclear energy deployment.
At the core of NuScale’s offering is the VOYGR small modular reactor design, featuring 77-megawatt electric (MWe) modules with passive safety systems.
Featured Stories
- Five stocks we like better than NuScale Power
- Buffett Spent 60 Years Ignoring Tech and the Bill Is Coming Due
- Excited About Gold But Unsure of Its Trajectory? Try These 3 Approaches
- Dollar at a 3-Year Low: 3 Exporters Quietly Printing Money
- Water Infrastructure: Why This Boring Sector Could Get Exciting
Want to see what other hedge funds are holding SMR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NuScale Power Corporation (NYSE:SMR – Free Report).
Receive News & Ratings for NuScale Power Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NuScale Power and related companies with MarketBeat.com's FREE daily email newsletter.
