NuScale Power Corporation $SMR Stake Boosted by Exchange Traded Concepts LLC

Exchange Traded Concepts LLC lifted its stake in shares of NuScale Power Corporation (NYSE:SMR) by 21.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 406,779 shares of the company’s stock after purchasing an additional 71,881 shares during the quarter. Exchange Traded Concepts LLC owned about 0.14% of NuScale Power worth $14,644,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in SMR. Charles Schwab Investment Management Inc. grew its stake in NuScale Power by 15.3% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 847,869 shares of the company’s stock worth $12,006,000 after buying an additional 112,486 shares during the last quarter. Deutsche Bank AG boosted its holdings in shares of NuScale Power by 0.9% during the first quarter. Deutsche Bank AG now owns 76,082 shares of the company’s stock valued at $1,077,000 after acquiring an additional 686 shares during the period. Invesco Ltd. grew its position in shares of NuScale Power by 112.7% during the first quarter. Invesco Ltd. now owns 73,916 shares of the company’s stock worth $1,047,000 after acquiring an additional 39,167 shares during the last quarter. Nuveen LLC acquired a new stake in shares of NuScale Power in the 1st quarter worth about $2,961,000. Finally, HighTower Advisors LLC increased its holdings in shares of NuScale Power by 137.7% in the 1st quarter. HighTower Advisors LLC now owns 43,457 shares of the company’s stock worth $615,000 after acquiring an additional 25,174 shares during the period. Institutional investors and hedge funds own 78.37% of the company’s stock.

Wall Street Analysts Forecast Growth

SMR has been the subject of a number of analyst reports. UBS Group set a $20.00 target price on shares of NuScale Power in a research note on Tuesday, November 25th. Royal Bank Of Canada lowered their target price on NuScale Power from $35.00 to $32.00 and set a “sector perform” rating on the stock in a research report on Monday, November 10th. BNP Paribas Exane downgraded NuScale Power from a “neutral” rating to an “underperform” rating in a research note on Tuesday, October 21st. Bank of America reiterated an “underperform” rating and set a $34.00 price target (down previously from $38.00) on shares of NuScale Power in a research report on Tuesday, September 30th. Finally, Zacks Research lowered NuScale Power from a “hold” rating to a “strong sell” rating in a report on Wednesday, November 12th. Four investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and six have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Reduce” and an average price target of $35.18.

NuScale Power Price Performance

SMR opened at $16.36 on Tuesday. The business has a 50 day moving average price of $27.95 and a two-hundred day moving average price of $35.46. The company has a market capitalization of $4.88 billion, a price-to-earnings ratio of -5.72 and a beta of 2.09. 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 data 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 the consensus estimate of $11.29 million. During the same period in the prior year, the firm posted ($0.18) EPS. The firm’s quarterly revenue was up 1635.2% on a year-over-year basis. Equities analysts expect that NuScale Power Corporation will post -0.73 EPS for the current fiscal year.

Insider Transactions at NuScale Power

In other news, CFO Robert Ramsey Hamady sold 40,000 shares of the firm’s stock in a transaction dated Monday, December 8th. The shares were sold at an average price of $22.17, for a total transaction of $886,800.00. Following the completion of the transaction, the chief financial officer owned 46,283 shares in the company, valued at approximately $1,026,094.11. This trade represents a 46.36% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Corp Fluor sold 87,900 shares of the business’s stock in a transaction that occurred on Wednesday, October 8th. The stock was sold at an average price of $39.58, for a total transaction of $3,479,082.00. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 7,930,587 shares of company stock valued at $309,070,052 over the last three months. 1.20% of the stock is owned by corporate insiders.

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.