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

Mutual Advisors LLC acquired a new stake in NuScale Power Corporation (NYSE:SMR) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 55,336 shares of the company’s stock, valued at approximately $2,078,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Independent Advisor Alliance lifted its holdings in shares of NuScale Power by 157.8% during the 3rd quarter. Independent Advisor Alliance now owns 35,956 shares of the company’s stock worth $1,294,000 after acquiring an additional 22,009 shares during the period. Lisanti Capital Growth LLC purchased a new position in shares of NuScale Power in the 3rd quarter worth $2,350,000. Private Wealth Partners LLC boosted its holdings in NuScale Power by 53.9% in the third quarter. Private Wealth Partners LLC now owns 35,400 shares of the company’s stock valued at $1,274,000 after acquiring an additional 12,400 shares during the last quarter. AlphaQuest LLC increased its stake in NuScale Power by 61.7% during the third quarter. AlphaQuest LLC now owns 14,875 shares of the company’s stock worth $536,000 after acquiring an additional 5,675 shares during the last quarter. Finally, Arizona State Retirement System raised its holdings in shares of NuScale Power by 1.7% in the 3rd quarter. Arizona State Retirement System now owns 35,523 shares of the company’s stock worth $1,279,000 after purchasing an additional 587 shares during the period. 78.37% of the stock is currently owned by institutional investors and hedge funds.

NuScale Power Stock Performance

Shares of SMR opened at $16.42 on Tuesday. NuScale Power Corporation has a one year low of $11.08 and a one year high of $57.42. The stock has a 50-day moving average price of $18.42 and a 200 day moving average price of $31.12. The company has a market capitalization of $4.90 billion, a P/E ratio of -5.74 and a beta of 2.13.

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

Wall Street Analyst Weigh In

A number of research firms recently issued reports on SMR. Citigroup reissued a “sell” rating and set a $37.50 target price (down previously from $46.00) on shares of NuScale Power in a research report on Tuesday, October 21st. The Goldman Sachs Group cut their target price on shares of NuScale Power from $27.00 to $23.00 and set a “neutral” rating on the stock in a research note on Friday, December 12th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of NuScale Power in a research report on Monday, December 29th. Bank of America raised NuScale Power from an “underperform” rating to a “neutral” rating and set a $28.00 price objective on the stock in a research report on Friday, January 9th. Finally, Wall Street Zen lowered NuScale Power from a “hold” rating to a “sell” rating in a research note on Saturday, November 8th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, seven have issued a Hold rating and four have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $33.42.

Insider Activity at NuScale Power

In related news, CFO Robert Ramsey Hamady sold 40,000 shares of NuScale Power stock in a transaction dated 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 transaction, the chief financial officer directly owned 46,283 shares in the company, valued at approximately $1,026,094.11. This trade represents a 46.36% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.20% of the company’s stock.

About NuScale Power

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.