Mutual Advisors LLC Makes New $2.08 Million Investment in NuScale Power Corporation $SMR

Mutual Advisors LLC purchased a new stake in NuScale Power Corporation (NYSE:SMR) in the 3rd quarter, Holdings Channel.com reports. The firm purchased 55,336 shares of the company’s stock, valued at approximately $2,078,000.

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

NuScale Power Stock Down 6.0%

SMR opened at $16.42 on Tuesday. The firm has a market capitalization of $4.90 billion, a P/E ratio of -5.74 and a beta of 2.13. The stock has a fifty day moving average of $18.42 and a 200-day moving average of $31.12. NuScale Power Corporation has a 12-month low of $11.08 and a 12-month high of $57.42.

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

Insiders Place Their Bets

In other NuScale Power news, CFO Robert Ramsey Hamady sold 40,000 shares of the company’s stock in a transaction that occurred 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 approximately $1,026,094.11. This represents a 46.36% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 1.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on SMR shares. UBS Group set a $20.00 target price on NuScale Power in a research report on Tuesday, November 25th. Zacks Research downgraded shares of NuScale Power from a “hold” rating to a “strong sell” rating in a report on Tuesday, January 20th. Texas Capital raised shares of NuScale Power to a “strong-buy” rating in a research note on Tuesday, January 27th. BNP Paribas Exane lowered shares of NuScale Power from a “hold” rating to a “strong sell” rating in a research note on Tuesday, October 21st. Finally, Cantor Fitzgerald initiated coverage on NuScale Power in a research report on Tuesday, October 21st. They set an “overweight” rating and a $55.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, seven have issued a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $33.42.

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.