Aigen Investment Management LP Invests $162,000 in NuScale Power Corporation (NYSE:SMR)

Aigen Investment Management LP acquired a new position in NuScale Power Corporation (NYSE:SMR - Free Report) during the first quarter, according to its most recent filing with the SEC. The firm acquired 11,412 shares of the company's stock, valued at approximately $162,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Deutsche Bank AG lifted its stake in shares of NuScale Power by 0.9% in the 1st quarter. Deutsche Bank AG now owns 76,082 shares of the company's stock valued at $1,077,000 after purchasing an additional 686 shares during the period. Farther Finance Advisors LLC lifted its stake in shares of NuScale Power by 6.9% in the 1st quarter. Farther Finance Advisors LLC now owns 12,902 shares of the company's stock valued at $189,000 after purchasing an additional 833 shares during the period. Summit Investment Advisors Inc. lifted its stake in shares of NuScale Power by 16.6% in the 4th quarter. Summit Investment Advisors Inc. now owns 8,863 shares of the company's stock valued at $159,000 after purchasing an additional 1,260 shares during the period. Arkadios Wealth Advisors lifted its stake in shares of NuScale Power by 5.2% in the 1st quarter. Arkadios Wealth Advisors now owns 25,749 shares of the company's stock valued at $365,000 after purchasing an additional 1,281 shares during the period. Finally, Barclays PLC lifted its stake in shares of NuScale Power by 1.0% in the 4th quarter. Barclays PLC now owns 152,237 shares of the company's stock valued at $2,730,000 after purchasing an additional 1,446 shares during the period. Hedge funds and other institutional investors own 78.37% of the company's stock.

Analyst Ratings Changes

A number of research analysts have recently commented on SMR shares. BNP Paribas Exane started coverage on NuScale Power in a research note on Friday, July 25th. They issued a "neutral" rating and a $41.00 target price for the company. Citigroup started coverage on NuScale Power in a research note on Monday, June 23rd. They issued a "neutral" rating and a $46.00 target price for the company. Northland Capmk upgraded NuScale Power to a "hold" rating in a research note on Monday, July 7th. BNP Paribas upgraded NuScale Power to a "hold" rating in a research note on Friday, July 25th. Finally, BTIG Research cut NuScale Power from a "buy" rating to a "neutral" rating in a research note on Wednesday, June 25th. Eight research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $34.44.

Insider Activity at NuScale Power

In other NuScale Power news, COO Carl M. Fisher sold 18,206 shares of NuScale Power stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $44.39, for a total value of $808,164.34. Following the completion of the sale, the chief operating officer owned 90,864 shares of the company's stock, valued at approximately $4,033,452.96. This trade represents a 16.69% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.27% of the company's stock.

NuScale Power Trading Down 1.4%

Shares of NYSE:SMR opened at $35.44 on Friday. The stock has a fifty day simple moving average of $41.30 and a two-hundred day simple moving average of $27.41. The stock has a market capitalization of $10.08 billion, a price-to-earnings ratio of -29.78 and a beta of 2.06. NuScale Power Corporation has a 12-month low of $6.88 and a 12-month high of $53.50.

NuScale Power (NYSE:SMR - Get Free Report) last posted its earnings results on Thursday, August 7th. The company reported ($0.13) EPS for the quarter, missing analysts' consensus estimates of ($0.12) by ($0.01). The business had revenue of $8.05 million during the quarter, compared to the consensus estimate of $10.49 million. NuScale Power had a positive return on equity of 2.61% and a negative net margin of 221.07%. As a group, equities research analysts predict that NuScale Power Corporation will post -0.73 EPS for the current year.

About NuScale Power

NuScale Power Corporation engages in the development and sale of modular light water reactor nuclear power plants to supply energy for electrical generation, district heating, desalination, hydrogen production, and other process heat applications. It offers NuScale Power Module (NPM), a water reactor that can generate 77 megawatts of electricity (MWe); and VOYGR power plant designs for three facility sizes that are capable of housing from one to four and six or twelve NPMs.

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