FORA Capital LLC Takes $5.55 Million Position in NuScale Power Corporation $SMR

FORA Capital LLC purchased a new position in shares of NuScale Power Corporation (NYSE:SMR) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 140,275 shares of the company’s stock, valued at approximately $5,549,000.

Several other large investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its stake in shares of NuScale Power by 6.1% during the first quarter. Vanguard Group Inc. now owns 8,940,535 shares of the company’s stock worth $126,598,000 after purchasing an additional 512,618 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of NuScale Power by 20.3% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,841,836 shares of the company’s stock valued at $96,880,000 after buying an additional 1,153,158 shares during the period. Geode Capital Management LLC lifted its position 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 in the last quarter. 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 worth $108,244,000 after acquiring an additional 746,667 shares during the period. Finally, Swedbank AB grew its position in NuScale Power by 6.7% in the first quarter. Swedbank AB now owns 2,402,125 shares of the company’s stock valued at $34,014,000 after acquiring an additional 149,875 shares in the last quarter. 78.37% of the stock is currently owned by institutional investors and hedge funds.

NuScale Power Stock Performance

SMR opened at $18.37 on Friday. The company has a market capitalization of $5.48 billion, a P/E ratio of -6.42 and a beta of 2.09. The company has a 50-day moving average of $30.86 and a 200-day moving average of $36.12. NuScale Power Corporation has a 1-year low of $11.08 and a 1-year high of $57.42.

NuScale Power (NYSE:SMR) last posted 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). NuScale Power had a negative return on equity of 51.27% and a negative net margin of 594.63%.The firm had revenue of $8.24 million during the quarter, compared to analyst estimates of $11.29 million. During the same quarter last year, the business posted ($0.18) earnings per share. The firm’s revenue for the quarter was up 1635.2% on a year-over-year basis. As a group, sell-side analysts expect that NuScale Power Corporation will post -0.73 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CFO Robert Ramsey Hamady sold 40,000 shares of the business’s stock in a transaction that occurred on Monday, December 8th. The stock was sold at an average price of $22.17, for a total value of $886,800.00. Following the completion of the sale, the chief financial officer directly owned 46,283 shares in the company, valued at approximately $1,026,094.11. The trade was a 46.36% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Corp Fluor sold 87,900 shares of the firm’s stock in a transaction on Wednesday, October 8th. The stock was sold at an average price of $39.58, for a total value of $3,479,082.00. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 15,040,000 shares of company stock valued at $605,749,702 over the last quarter. Company insiders own 1.20% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on SMR shares. Citigroup reissued a “sell” rating and set a $37.50 target price (down from $46.00) on shares of NuScale Power in a research report on Tuesday, October 21st. Royal Bank Of Canada dropped their price target on shares of NuScale Power from $35.00 to $32.00 and set a “sector perform” rating on the stock in a research note on Monday, November 10th. Bank of America reissued an “underperform” rating and issued a $34.00 price objective (down from $38.00) on shares of NuScale Power in a research report on Tuesday, September 30th. The Goldman Sachs Group lowered their target price on NuScale Power from $27.00 to $23.00 and set a “neutral” rating for the company in a research note on Friday. Finally, BNP Paribas cut NuScale Power from a “hold” rating to a “strong sell” rating in a research note on Tuesday, October 21st. Three equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and six have issued a Sell rating to the stock. According to MarketBeat, NuScale Power presently has a consensus rating of “Reduce” and a consensus price target of $36.04.

NuScale Power Company Profile

NuScale Power Corporation engages in the development and sale of modular light water reactor nuclear power plants to supply energy for electrical generation, district heating, desalination, hydrogen production, and other process heat applications. It offers NuScale Power Module (NPM), a water reactor that can generate 77 megawatts of electricity (MWe); and VOYGR power plant designs for three facility sizes that are capable of housing from one to four and six or twelve NPMs.