Caitong International Asset Management Co. Ltd Makes New Investment in NuScale Power Corporation $SMR

Caitong International Asset Management Co. Ltd acquired a new stake in NuScale Power Corporation (NYSE:SMR) during the 4th quarter, HoldingsChannel.com reports. The institutional investor acquired 223,663 shares of the company’s stock, valued at approximately $3,169,000. NuScale Power accounts for about 0.8% of Caitong International Asset Management Co. Ltd’s holdings, making the stock its 23rd largest position.

Other large investors also recently modified their holdings of the company. Nemes Rush Group LLC acquired a new stake in shares of NuScale Power during the 3rd quarter worth about $25,000. Strategic Advocates LLC bought a new stake in shares of NuScale Power during the 3rd quarter worth about $25,000. Vermillion & White Wealth Management Group LLC grew its stake in NuScale Power by 1,550.9% in the 4th quarter. Vermillion & White Wealth Management Group LLC now owns 1,783 shares of the company’s stock valued at $25,000 after buying an additional 1,675 shares during the last quarter. Ameriflex Group Inc. acquired a new position in NuScale Power in the 4th quarter valued at about $30,000. Finally, Harbour Investments Inc. raised its holdings in NuScale Power by 32.4% in the 4th quarter. Harbour Investments Inc. now owns 2,419 shares of the company’s stock valued at $34,000 after acquiring an additional 592 shares during the period. 78.37% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other NuScale Power news, Director Corp Fluor sold 13,500,000 shares of NuScale Power stock in a transaction on Thursday, April 9th. The stock was sold at an average price of $12.07, for a total value of $162,945,000.00. Following the completion of the transaction, the director directly owned 26,436,472 shares of the company’s stock, valued at $319,088,217.04. The trade was a 33.80% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Over the last ninety days, insiders sold 39,936,472 shares of company stock valued at $472,831,169. 1.28% of the stock is owned by insiders.

NuScale Power Trading Up 0.2%

Shares of SMR opened at $11.76 on Friday. NuScale Power Corporation has a 12 month low of $8.85 and a 12 month high of $57.42. The firm’s 50 day moving average is $11.52 and its 200-day moving average is $14.13. The stock has a market capitalization of $4.30 billion, a PE ratio of -4.03 and a beta of 2.20.

NuScale Power (NYSE:SMR) last issued its quarterly earnings results 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 $0.56 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 company’s quarterly revenue was down 95.8% compared to the same quarter last year. Equities research analysts predict that NuScale Power Corporation will post -0.46 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the company. Canaccord Genuity Group reduced their price objective on NuScale Power from $60.00 to $25.00 and set a “buy” rating for the company in a report on Friday, February 27th. Royal Bank Of Canada dropped their price target on NuScale Power from $21.00 to $14.00 and set a “sector perform” rating for the company in a report on Monday, March 2nd. Citigroup reduced their price target 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. Barclays decreased their price objective on NuScale Power from $45.00 to $15.00 and set an “equal weight” rating on the stock in a report on Monday, February 23rd. Finally, Cantor Fitzgerald lowered their price objective on NuScale Power from $55.00 to $20.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 24th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, nine have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, NuScale Power presently has a consensus rating of “Hold” and a consensus target price of $15.92.

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.