BNP Paribas Financial Markets Boosts Stock Position in NuScale Power Corporation $SMR

BNP Paribas Financial Markets increased its holdings in NuScale Power Corporation (NYSE:SMR) by 57.4% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 569,058 shares of the company’s stock after acquiring an additional 207,617 shares during the period. BNP Paribas Financial Markets owned approximately 0.19% of NuScale Power worth $8,064,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the business. Operose Advisors LLC grew its position in NuScale Power by 859.6% in the fourth quarter. Operose Advisors LLC now owns 12,984 shares of the company’s stock worth $184,000 after acquiring an additional 11,631 shares during the period. Pasadena Private Wealth LLC grew its position in NuScale Power by 68.4% in the fourth quarter. Pasadena Private Wealth LLC now owns 10,350 shares of the company’s stock worth $147,000 after acquiring an additional 4,203 shares during the period. Seven Grand Managers LLC purchased a new position in NuScale Power in the fourth quarter worth approximately $1,771,000. Kingsview Wealth Management LLC purchased a new position in NuScale Power in the fourth quarter worth approximately $217,000. Finally, Geode Capital Management LLC lifted its stake in NuScale Power by 8.0% during the fourth quarter. Geode Capital Management LLC now owns 3,221,828 shares of the company’s stock worth $45,662,000 after purchasing an additional 237,355 shares in the last quarter. 78.37% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Corp Fluor sold 13,500,000 shares of the stock in a transaction on Tuesday, April 21st. The stock was sold at an average price of $11.81, for a total value of $159,435,000.00. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders sold 39,936,472 shares of company stock valued at $472,831,169 in the last 90 days. 1.28% of the stock is currently owned by company insiders.

NuScale Power Trading Down 7.1%

Shares of NYSE SMR opened at $9.99 on Wednesday. The stock has a market cap of $3.65 billion, a P/E ratio of -3.42 and a beta of 2.20. NuScale Power Corporation has a 12-month low of $8.85 and a 12-month high of $57.42. The business’s fifty day simple moving average is $11.47 and its 200-day simple moving average is $14.58.

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 the consensus estimate of ($0.11) by ($0.03). The company had revenue of $0.57 million during the quarter, compared to analyst estimates 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 company’s quarterly revenue was down 95.8% compared to the same quarter last year. On average, equities analysts forecast that NuScale Power Corporation will post -0.46 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have commented on SMR. Weiss Ratings restated a “sell (d-)” rating on shares of NuScale Power in a research note on Friday, March 27th. TD Cowen cut NuScale Power from a “buy” rating to a “hold” rating in a research note on Wednesday, February 11th. Bank of America began coverage on NuScale Power in a research note on Friday, May 22nd. They set a “neutral” rating and a $12.00 price target on the stock. Zacks Research upgraded NuScale Power from a “strong sell” rating to a “hold” rating in a research note on Friday, February 20th. Finally, Northland Securities set a $19.00 price target on NuScale Power 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, nine have given a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $15.92.

NuScale Power Company 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.