Hussman Strategic Advisors Inc. Makes New Investment in NuScale Power Corporation $SMR

Hussman Strategic Advisors Inc. bought a new stake in shares of NuScale Power Corporation (NYSE:SMR) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 42,000 shares of the company’s stock, valued at approximately $1,512,000.

A number of other large investors also recently modified their holdings of SMR. Geode Capital Management LLC increased its holdings in NuScale Power by 25.2% during the 2nd quarter. Geode Capital Management LLC now owns 2,854,664 shares of the company’s stock worth $112,944,000 after acquiring an additional 574,295 shares during the period. State Street Corp boosted its holdings in NuScale Power by 37.5% in the 2nd quarter. State Street Corp now owns 2,736,187 shares of the company’s stock valued at $108,244,000 after purchasing an additional 746,667 shares during the period. Bank of America Corp DE grew its position in shares of NuScale Power by 80.9% during the 2nd quarter. Bank of America Corp DE now owns 2,333,248 shares of the company’s stock valued at $92,303,000 after purchasing an additional 1,043,676 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of NuScale Power by 1,220.7% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,845,116 shares of the company’s stock worth $26,127,000 after purchasing an additional 1,705,411 shares during the period. Finally, Man Group plc purchased a new stake in shares of NuScale Power in the second quarter worth $33,877,000. 78.37% of the stock is currently owned by institutional investors.

Insider Activity at NuScale Power

In related news, CFO Robert Ramsey Hamady sold 40,000 shares of NuScale Power stock in a transaction on Monday, December 8th. The shares were sold at an average price of $22.17, for a total value of $886,800.00. Following the transaction, the chief financial officer owned 46,283 shares in the company, valued at $1,026,094.11. This trade represents a 46.36% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 1.20% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on SMR. Zacks Research cut NuScale Power from a “hold” rating to a “strong sell” rating in a research report on Tuesday, January 20th. B. Riley dropped their price target on NuScale Power from $38.00 to $24.00 and set a “buy” rating for the company in a research report on Monday, December 22nd. Cantor Fitzgerald assumed coverage on shares of NuScale Power in a research report on Tuesday, October 21st. They issued an “overweight” rating and a $55.00 price objective on the stock. UBS Group set a $20.00 target price on shares of NuScale Power in a research note on Tuesday, November 25th. Finally, The Goldman Sachs Group cut their price target on shares of NuScale Power from $27.00 to $23.00 and set a “neutral” rating for the company in a research note on Friday, December 12th. Four research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $33.42.

NuScale Power Trading Up 6.7%

Shares of NYSE SMR opened at $20.49 on Thursday. The stock’s 50-day moving average is $18.51 and its 200 day moving average is $31.78. The stock has a market cap of $6.12 billion, a price-to-earnings ratio of -7.17 and a beta of 2.12. NuScale Power Corporation has a 1-year low of $11.08 and a 1-year high of $57.42.

NuScale Power (NYSE:SMR) last issued its quarterly earnings results on Thursday, November 6th. The company reported ($1.85) EPS for the quarter, missing analysts’ consensus estimates of ($0.11) by ($1.74). The business had revenue of $8.24 million for the quarter, compared to the consensus estimate of $11.29 million. NuScale Power had a negative net margin of 594.63% and a negative return on equity of 51.27%. The firm’s revenue was up 1635.2% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.18) earnings per share. On average, analysts forecast that NuScale Power Corporation will post -0.73 EPS for the current fiscal year.

NuScale Power 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.