Moran Wealth Management LLC Grows Stock Holdings in NuScale Power Corporation $SMR

Moran Wealth Management LLC lifted its position in NuScale Power Corporation (NYSE:SMR) by 262.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 108,511 shares of the company’s stock after buying an additional 78,566 shares during the quarter. Moran Wealth Management LLC’s holdings in NuScale Power were worth $1,176,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of SMR. Nemes Rush Group LLC acquired a new position in NuScale Power in the 3rd quarter valued at about $25,000. Strategic Advocates LLC acquired a new position in shares of NuScale Power in the third quarter valued at approximately $25,000. Vermillion & White Wealth Management Group LLC increased its stake in NuScale Power by 1,550.9% during the 4th 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 period. Ameriflex Group Inc. acquired a new stake in NuScale Power during the 4th quarter worth approximately $30,000. Finally, Harbour Investments Inc. lifted its holdings in NuScale Power by 32.4% during the 4th 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. Institutional investors and hedge funds own 78.37% of the company’s stock.

NuScale Power Stock Performance

Shares of NYSE:SMR traded down $0.93 during trading hours on Tuesday, reaching $8.68. The stock had a trading volume of 10,916,751 shares, compared to its average volume of 30,397,814. NuScale Power Corporation has a 1 year low of $8.73 and a 1 year high of $57.42. The firm’s 50 day moving average is $11.26 and its 200-day moving average is $13.34. The stock has a market capitalization of $3.17 billion, a price-to-earnings ratio of -2.97 and a beta of 2.24.

NuScale Power (NYSE:SMR) last released its quarterly earnings data on Thursday, May 7th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.11) by ($0.03). The firm had revenue of $0.56 million for the quarter, compared to analysts’ expectations of $7.00 million. NuScale Power had a negative return on equity of 48.88% and a negative net margin of 2,066.55%.The firm’s quarterly revenue was down 95.8% on a year-over-year basis. Analysts forecast that NuScale Power Corporation will post -0.46 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. UBS Group dropped their price target on shares of NuScale Power from $20.00 to $13.00 and set a “neutral” rating for the company in a research note on Wednesday, March 18th. B. Riley Financial decreased their target price on NuScale Power from $24.00 to $19.00 and set a “buy” rating for the company in a report on Friday, April 24th. Northland Securities set a $19.00 target price on NuScale Power in a research note on Monday, May 11th. HSBC initiated coverage on NuScale Power in a report on Thursday, April 23rd. They set a “hold” rating and a $13.00 price target on the stock. Finally, The Goldman Sachs Group set a $9.00 price target on NuScale Power in a research report on Friday, May 8th. One research 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 issued a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $15.92.

Insider Transactions at NuScale Power

In other news, Director Corp Fluor sold 13,500,000 shares of the company’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 legal filing with the Securities & Exchange Commission, which can be accessed through this link. Over the last ninety days, insiders sold 39,936,472 shares of company stock worth $472,831,169. 1.28% of the stock is owned by insiders.

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.