Banque Cantonale Vaudoise Invests $601,000 in NuScale Power Corporation (NYSE:SMR)

Key Points

• Banque Cantonale Vaudoise acquired a new stake in NuScale Power Corporation, purchasing 42,467 shares valued at approximately $601,000.
• Analysts have mixed views on NuScale Power, with a consensus rating of "Hold" and an average price target of $33.00 after various firms adjusted their ratings and price objectives.
• NuScale Power's stock shows significant volatility, with a 52-week range of $6.88 to $53.50 and a current market capitalization of $12.64 billion.

Banque Cantonale Vaudoise purchased a new stake in NuScale Power Corporation (NYSE:SMR - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 42,467 shares of the company's stock, valued at approximately $601,000.

Several other institutional investors have also bought and sold shares of the stock. CoreCap Advisors LLC bought a new position in NuScale Power in the 4th quarter valued at $33,000. NBC Securities Inc. raised its position in NuScale Power by 165,450.0% in the 1st quarter. NBC Securities Inc. now owns 3,311 shares of the company's stock valued at $46,000 after purchasing an additional 3,309 shares during the last quarter. Altshuler Shaham Ltd bought a new position in NuScale Power in the 4th quarter valued at $139,000. N.E.W. Advisory Services LLC bought a new position in NuScale Power in the 1st quarter valued at $141,000. Finally, Rakuten Securities Inc. raised its position in NuScale Power by 36.4% in the 1st quarter. Rakuten Securities Inc. now owns 10,213 shares of the company's stock valued at $145,000 after purchasing an additional 2,723 shares during the last quarter. Institutional investors and hedge funds own 78.37% of the company's stock.

Insider Buying and Selling at NuScale Power

In other NuScale Power news, CEO John Lawrence Hopkins sold 34,675 shares of the business's stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $17.00, for a total value of $589,475.00. Following the completion of the transaction, the chief executive officer directly owned 49,019 shares of the company's stock, valued at approximately $833,323. The trade was a 41.43% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Clayton Scott sold 10,019 shares of the business's stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $16.78, for a total value of $168,118.82. Following the completion of the transaction, the insider directly owned 86,965 shares of the company's stock, valued at approximately $1,459,272.70. The trade was a 10.33% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 95,278 shares of company stock valued at $1,786,990. Company insiders own 1.27% of the company's stock.

NuScale Power Stock Down 11.5%

Shares of NuScale Power stock traded down $5.76 during trading on Friday, reaching $44.45. 26,301,769 shares of the company were exchanged, compared to its average volume of 11,693,447. NuScale Power Corporation has a twelve month low of $6.88 and a twelve month high of $53.50. The business has a 50-day moving average price of $39.77 and a 200-day moving average price of $26.28. The firm has a market capitalization of $12.64 billion, a price-to-earnings ratio of -32.45 and a beta of 2.06.

NuScale Power (NYSE:SMR - Get Free Report) last announced its quarterly earnings data on Monday, May 12th. The company reported ($0.11) EPS for the quarter, topping analysts' consensus estimates of ($0.17) by $0.06. NuScale Power had a positive return on equity of 0.09% and a negative net margin of 273.36%. The business had revenue of $13.38 million during the quarter, compared to analysts' expectations of $1.46 million. On average, equities research analysts forecast that NuScale Power Corporation will post -0.73 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the company. UBS Group lifted their price objective on NuScale Power from $17.00 to $34.00 and gave the company a "neutral" rating in a research report on Thursday, May 29th. BTIG Research downgraded NuScale Power from a "buy" rating to a "neutral" rating in a research report on Wednesday, June 25th. CLSA set a $41.00 target price on NuScale Power and gave the stock an "outperform" rating in a research report on Tuesday, May 27th. BNP Paribas upgraded NuScale Power to a "hold" rating in a research report on Friday, July 25th. Finally, The Goldman Sachs Group set a $24.00 target price on NuScale Power and gave the stock a "neutral" rating in a research report on Tuesday, May 20th. Eight equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $33.00.

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.