Pictet Asset Management Holding SA Has $291,000 Stock Holdings in NuScale Power Corporation $SMR

Pictet Asset Management Holding SA decreased its position in NuScale Power Corporation (NYSE:SMR) by 86.9% during the 1st quarter, Holdings Channel reports. The firm owned 26,837 shares of the company’s stock after selling 177,564 shares during the quarter. Pictet Asset Management Holding SA’s holdings in NuScale Power were worth $291,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in SMR. Strategic Advocates LLC bought a new position in NuScale Power during the 3rd quarter valued at about $25,000. Vermillion & White Wealth Management Group LLC grew its stake in NuScale Power by 1,550.9% during the fourth quarter. Vermillion & White Wealth Management Group LLC now owns 1,783 shares of the company’s stock worth $25,000 after buying an additional 1,675 shares during the last quarter. Ameriflex Group Inc. bought a new stake in NuScale Power during the fourth quarter worth about $30,000. Harbour Investments Inc. increased 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 in the last quarter. Finally, Knuff & Co LLC acquired a new stake in shares of NuScale Power during the fourth quarter worth approximately $35,000. Institutional investors and hedge funds own 78.37% of the company’s stock.

Insider Buying and Selling

In other news, Director Corp Fluor sold 13,500,000 shares of the business’s stock in a transaction dated Tuesday, April 21st. The stock was sold at an average price of $11.81, for a total transaction of $159,435,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 1.28% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. The Goldman Sachs Group set a $9.00 target price on shares of NuScale Power in a research note on Friday, May 8th. Northland Securities set a $19.00 price target on NuScale Power in a report on Monday, May 11th. B. Riley Financial cut their price objective on NuScale Power from $24.00 to $19.00 and set a “buy” rating for the company in a research report on Friday, April 24th. Bank of America started coverage on NuScale Power in a research note on Friday, May 22nd. They issued a “neutral” rating and a $12.00 price objective on the stock. Finally, Citigroup lowered their target price on NuScale Power from $9.00 to $7.00 and set a “sell” rating for the company in a research note on Monday, May 11th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, eight have issued a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, NuScale Power has a consensus rating of “Hold” and a consensus price target of $15.92.

NuScale Power Trading Up 0.5%

Shares of SMR traded up $0.04 on Friday, reaching $9.07. 25,162,255 shares of the company’s stock were exchanged, compared to its average volume of 28,547,888. The business has a 50 day moving average price of $11.02 and a two-hundred day moving average price of $13.16. NuScale Power Corporation has a 12 month low of $8.55 and a 12 month high of $57.42. The stock has a market capitalization of $3.32 billion, a P/E ratio of -3.11 and a beta of 2.24.

NuScale Power (NYSE:SMR) last announced its quarterly earnings data 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). The business had revenue of $0.56 million during the quarter, compared to the consensus estimate of $7.00 million. NuScale Power had a negative net margin of 2,066.55% and a negative return on equity of 48.88%. The firm’s revenue was down 95.8% compared to the same quarter last year. Equities research analysts predict that NuScale Power Corporation will post -0.46 EPS for the current year.

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.