1,618,392 Shares in NuScale Power Corporation $SMR Acquired by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. acquired a new position in NuScale Power Corporation (NYSE:SMR) in the third quarter, Holdings Channel.com reports. The institutional investor acquired 1,618,392 shares of the company’s stock, valued at approximately $12,785,000.

Several other large investors have also modified their holdings of SMR. Parallel Advisors LLC grew its stake in NuScale Power by 1.8% in the 1st quarter. Parallel Advisors LLC now owns 59,898 shares of the company’s stock valued at $649,000 after buying an additional 1,053 shares during the last quarter. Concorde Asset Management LLC lifted its position in NuScale Power by 9.8% during the 1st quarter. Concorde Asset Management LLC now owns 12,390 shares of the company’s stock worth $134,000 after acquiring an additional 1,110 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in NuScale Power by 14.0% during the first quarter. Allspring Global Investments Holdings LLC now owns 11,985 shares of the company’s stock valued at $123,000 after acquiring an additional 1,468 shares during the period. D.A. Davidson & CO. boosted its holdings in NuScale Power by 4.5% during the first quarter. D.A. Davidson & CO. now owns 36,227 shares of the company’s stock valued at $393,000 after acquiring an additional 1,568 shares during the period. Finally, Geneos Wealth Management Inc. grew its position in shares of NuScale Power by 9.4% in the first quarter. Geneos Wealth Management Inc. now owns 21,448 shares of the company’s stock valued at $232,000 after purchasing an additional 1,846 shares during the last quarter. 78.37% of the stock is owned by institutional investors.

Insider Activity

In other NuScale Power news, CFO Robert Hamady sold 29,880 shares of the company’s stock in a transaction that occurred on Thursday, August 27th. The stock was sold at an average price of $9.39, for a total value of $280,573.20. Following the completion of the transaction, the chief financial officer owned 124,235 shares of the company’s stock, valued at $1,166,566.65. This represents a 19.39% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Shinji Fujino sold 20,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $8.86, for a total value of $177,200.00. Following the completion of the sale, the director owned 17,242 shares of the company’s stock, valued at $152,764.12. This represents a 53.70% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 69,880 shares of company stock worth $615,573 over the last 90 days. Corporate insiders own 1.28% of the company’s stock.

NuScale Power Stock Performance

NYSE:SMR opened at $5.36 on Wednesday. The firm’s 50-day moving average is $7.73 and its 200-day moving average is $10.78. The company has a market cap of $2.30 billion, a price-to-earnings ratio of -1.83 and a beta of 2.42. NuScale Power Corporation has a 52-week low of $5.20 and a 52-week high of $40.15.

NuScale Power (NYSE:SMR) last released its earnings results on Wednesday, August 5th. The company reported ($0.13) earnings per share for the quarter, meeting the consensus estimate of ($0.13). NuScale Power had a negative net margin of 3,888.70% and a negative return on equity of 35.59%. The business had revenue of $0.07 million during the quarter, compared to analysts’ expectations of $8.80 million. During the same quarter last year, the company earned ($0.11) earnings per share. The firm’s revenue was down 99.1% on a year-over-year basis. Equities analysts predict that NuScale Power Corporation will post -0.63 EPS for the current year.

Key Stories Impacting NuScale Power

Here are the key news stories impacting NuScale Power this week:

• Positive Sentiment: NuScale is moving toward first-article production with manufacturing partner Doosan, a step that could improve manufacturing readiness and support commercialization. NuScale Power Advances SMR Manufacturing With Doosan Deal
• Neutral Sentiment: A market report projects global small modular reactor market growth through 2032, reflecting long-term demand for low-carbon power. The broad forecast does not establish near-term revenue or orders for NuScale. Global Small Modular Reactor Market Forecast
• Negative Sentiment: Wedbush initiated coverage with an Underperform rating and a $5 price target, citing doubts about NuScale’s ability to secure orders. That target was below the $5.36 reference price in the coverage, adding pressure as the shares trade near their 52-week low. Wedbush Starts NuScale Power at Underperform
• Negative Sentiment: Barclays’ bearish view also highlights NuScale’s key commercial hurdle: despite having an approved reactor design, the company still lacks a first customer contract. Barclays Turned Bearish on NuScale Power
• Negative Sentiment: NuScale has also been caught up in a broader selloff in small-reactor stocks, suggesting sector sentiment may be compounding company-specific concerns about order prospects. X-energy Lost 23% in a Month

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. UBS Group lowered NuScale Power from a “neutral” rating to a “sell” rating and dropped their price objective for the stock from $10.00 to $6.00 in a research note on Friday, September 11th. Wedbush assumed coverage on NuScale Power in a research note on Tuesday. They set an “underperform” rating and a $5.00 target price for the company. B. Riley Financial lowered their target price on NuScale Power from $15.00 to $10.00 and set a “buy” rating on the stock in a report on Wednesday, October 28th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of NuScale Power in a report on Monday, September 21st. Finally, Royal Bank Of Canada dropped their price target on NuScale Power from $14.00 to $10.00 and set a “sector perform” rating on the stock in a research report on Tuesday, August 11th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, seven have assigned a Hold rating and five have given a Sell rating to the company. According to MarketBeat, NuScale Power currently has an average rating of “Hold” and an average price target of $10.23.

NuScale Power Profile

NuScale Power Corporation develops small modular reactor (SMR) technology for producing electricity and other forms of low-carbon energy. The company’s core product is the NuScale Power Module, a compact pressurized-water reactor designed to be manufactured in a factory, transported to a site and deployed in scalable configurations.

NuScale markets its technology through the VOYGR power plant platform, which can combine multiple reactor modules to meet the needs of utilities, industrial users and other customers.