NuScale Power Corporation $SMR Shares Bought by BNP Paribas Financial Markets

BNP Paribas Financial Markets grew its position in shares of NuScale Power Corporation (NYSE:SMR) by 57.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 569,058 shares of the company’s stock after purchasing an additional 207,617 shares during the quarter. BNP Paribas Financial Markets’ holdings in NuScale Power were worth $8,064,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in SMR. Nemes Rush Group LLC purchased a new position in shares of NuScale Power during the third quarter worth about $25,000. Strategic Advocates LLC purchased a new position in shares of NuScale Power during the third quarter worth about $25,000. Harbour Investments Inc. grew its holdings in shares of NuScale Power by 32.4% during the fourth quarter. Harbour Investments Inc. now owns 2,419 shares of the company’s stock worth $34,000 after buying an additional 592 shares during the last quarter. Accredited Wealth Management LLC purchased a new position in shares of NuScale Power during the third quarter worth about $35,000. Finally, Knuff & Co LLC purchased a new position in shares of NuScale Power during the fourth quarter worth about $35,000. Hedge funds and other institutional investors own 78.37% of the company’s stock.

Insider Activity

In other news, Director Corp Fluor sold 13,500,000 shares of NuScale Power stock in a transaction that occurred on Tuesday, April 21st. The shares were sold at an average price of $11.81, for a total transaction of $159,435,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In the last three months, insiders have sold 39,936,472 shares of company stock worth $472,831,169. 1.28% of the stock is currently owned by company insiders.

NuScale Power Trading Down 7.1%

Shares of SMR opened at $9.99 on Wednesday. NuScale Power Corporation has a twelve month low of $8.85 and a twelve month high of $57.42. The stock’s 50 day moving average is $11.47 and its two-hundred day moving average is $14.58. The firm has a market capitalization of $3.65 billion, a PE ratio of -3.42 and a beta of 2.20.

NuScale Power (NYSE:SMR) last posted its quarterly earnings results on Thursday, May 7th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.03). NuScale Power had a negative net margin of 2,066.55% and a negative return on equity of 48.88%. The company had revenue of $0.57 million for the quarter, compared to analyst estimates of $7.00 million. The company’s revenue for the quarter was down 95.8% on a year-over-year basis. On average, sell-side analysts predict that NuScale Power Corporation will post -0.46 EPS for the current year.

Analysts Set New Price Targets

A number of research firms recently issued reports on SMR. Royal Bank Of Canada lowered their price target on NuScale Power from $21.00 to $14.00 and set a “sector perform” rating on the stock in a report on Monday, March 2nd. Weiss Ratings reissued a “sell (d-)” rating on shares of NuScale Power in a report on Friday, March 27th. The Goldman Sachs Group set a $9.00 price target on NuScale Power in a report on Friday, May 8th. Canaccord Genuity Group lowered their price objective on NuScale Power from $60.00 to $25.00 and set a “buy” rating on the stock in a report on Friday, February 27th. Finally, Zacks Research raised NuScale Power from a “strong sell” rating to a “hold” rating in a report on Friday, February 20th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, nine have assigned a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $15.92.

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.