Baader Bank Aktiengesellschaft Takes Position in NuScale Power Corporation $SMR

Baader Bank Aktiengesellschaft acquired a new stake in shares of NuScale Power Corporation (NYSE:SMR) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 55,000 shares of the company’s stock, valued at approximately $1,980,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Wealthfront Advisers LLC bought a new stake in NuScale Power in the 3rd quarter worth approximately $308,000. Oppenheimer & Co. Inc. boosted its stake in shares of NuScale Power by 118.0% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 32,287 shares of the company’s stock worth $1,162,000 after buying an additional 17,475 shares during the last quarter. Flagship Harbor Advisors LLC bought a new stake in shares of NuScale Power in the third quarter worth $223,000. BI Asset Management Fondsmaeglerselskab A S bought a new stake in shares of NuScale Power in the third quarter worth $4,634,000. Finally, SBI Securities Co. Ltd. increased its position in NuScale Power by 25.1% during the third quarter. SBI Securities Co. Ltd. now owns 47,138 shares of the company’s stock valued at $1,697,000 after acquiring an additional 9,452 shares during the last quarter. Institutional investors own 78.37% of the company’s stock.

Insider Buying and Selling at NuScale Power

In other news, CFO Robert Ramsey Hamady sold 40,000 shares of the stock in a transaction 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 completion of the sale, the chief financial officer directly owned 46,283 shares of the company’s stock, valued at $1,026,094.11. This represents a 46.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.20% of the stock is currently owned by insiders.

NuScale Power Trading Down 5.3%

Shares of NYSE:SMR opened at $16.75 on Wednesday. The stock has a 50 day moving average of $18.17 and a 200 day moving average of $29.78. The company has a market cap of $5.00 billion, a PE ratio of -5.86 and a beta of 2.14. NuScale Power Corporation has a 12-month low of $11.08 and a 12-month high of $57.42.

Analysts Set New Price Targets

SMR has been the topic of several research reports. UBS Group set a $20.00 target price on NuScale Power in a research report on Tuesday, November 25th. Royal Bank Of Canada set a $21.00 price objective on shares of NuScale Power in a research note on Tuesday, January 20th. The Goldman Sachs Group reissued a “neutral” rating and issued a $20.00 price objective on shares of NuScale Power in a report on Wednesday, February 4th. Cantor Fitzgerald assumed coverage on shares of NuScale Power in a report on Tuesday, October 21st. They set an “overweight” rating and a $55.00 target price for the company. Finally, Texas Capital upgraded shares of NuScale Power to a “strong-buy” rating in a research report on Tuesday, January 27th. One 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 issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $33.19.

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.