Wedbush Securities Inc. Has $204,000 Position in NuScale Power Corporation $SMR

Wedbush Securities Inc. lessened its stake in shares of NuScale Power Corporation (NYSE:SMR) by 88.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,675 shares of the company’s stock after selling 43,352 shares during the period. Wedbush Securities Inc.’s holdings in NuScale Power were worth $204,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of SMR. CX Institutional acquired a new stake in shares of NuScale Power in the third quarter worth $25,000. Indiana Trust & Investment Management Co acquired a new position in NuScale Power in the 3rd quarter valued at $34,000. Steigerwald Gordon & Koch Inc. bought a new position in NuScale Power in the 3rd quarter worth $41,000. Rothschild Investment LLC lifted its position in NuScale Power by 45.2% during the 2nd quarter. Rothschild Investment LLC now owns 1,125 shares of the company’s stock worth $45,000 after acquiring an additional 350 shares during the last quarter. Finally, Harbour Investments Inc. lifted its position in NuScale Power by 21.3% during the 2nd quarter. Harbour Investments Inc. now owns 1,156 shares of the company’s stock worth $46,000 after acquiring an additional 203 shares during the last quarter. Institutional investors own 78.37% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on SMR. TD Cowen downgraded NuScale Power from a “buy” rating to a “hold” rating in a research report on Wednesday, February 11th. Texas Capital upgraded NuScale Power to a “strong-buy” rating in a research note on Tuesday, January 27th. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $20.00 price target on shares of NuScale Power in a research report on Wednesday, February 4th. Bank of America upgraded NuScale Power from an “underperform” rating to a “neutral” rating and set a $28.00 price target for the company in a report on Friday, January 9th. Finally, Wall Street Zen downgraded shares of NuScale Power from a “hold” rating to a “sell” rating in a research note on Saturday, November 8th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, eight have given a Hold rating and four have given a Sell rating to the company. According to MarketBeat, NuScale Power has an average rating of “Hold” and a consensus target price of $33.19.

Insider Activity

In other NuScale Power 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 transaction of $886,800.00. Following the sale, the chief financial officer owned 46,283 shares in the company, valued at $1,026,094.11. The trade was a 46.36% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.20% of the company’s stock.

NuScale Power Stock Down 0.2%

NuScale Power stock opened at $14.28 on Wednesday. The business has a 50 day moving average price of $17.48 and a two-hundred day moving average price of $28.56. NuScale Power Corporation has a 12 month low of $11.08 and a 12 month high of $57.42. The stock has a market cap of $4.26 billion, a price-to-earnings ratio of -4.99 and a beta of 2.14.

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.