105,118 Shares in NuScale Power Corporation $SMR Bought by Graham Capital Management L.P.

Key Points

• Graham Capital Management L.P. has acquired 105,118 shares of NuScale Power Corporation, valued at approximately $1.49 million, as reported in its recent SEC filing.
• NuScale Power's stock has risen 8.2%, reaching $40.28 amid increased trading volume of over 32 million shares.
• The company recently reported quarterly earnings, showing a loss of ($0.13) per share, slightly below analyst expectations, with revenues of $8.05 million.

Graham Capital Management L.P. purchased a new stake in NuScale Power Corporation (NYSE:SMR - Free Report) during the first quarter, according to its most recent 13F filing with the SEC. The firm purchased 105,118 shares of the company's stock, valued at approximately $1,488,000.

Other institutional investors have also modified their holdings of the company. Quantbot Technologies LP purchased a new position in shares of NuScale Power in the 1st quarter valued at approximately $27,000. CoreCap Advisors LLC purchased a new position in shares of NuScale Power in the 4th quarter valued at approximately $33,000. NBC Securities Inc. raised its position in shares of 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. Stone House Investment Management LLC purchased a new position in shares of NuScale Power in the 1st quarter valued at approximately $50,000. Finally, N.E.W. Advisory Services LLC purchased a new position in shares of NuScale Power in the 1st quarter valued at approximately $141,000. 78.37% of the stock is currently owned by institutional investors.

NuScale Power Price Performance

SMR traded down $1.52 during trading on Friday, reaching $34.52. 12,857,223 shares of the company's stock were exchanged, compared to its average volume of 11,756,588. NuScale Power Corporation has a 1 year low of $6.88 and a 1 year high of $53.50. The stock has a market capitalization of $9.83 billion, a P/E ratio of -29.00 and a beta of 2.03. The company's fifty day simple moving average is $40.34 and its 200-day simple moving average is $28.49.

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

Analyst Upgrades and Downgrades

SMR has been the subject of several research analyst reports. BNP Paribas Exane initiated coverage on shares of NuScale Power in a research report on Friday, July 25th. They issued a "neutral" rating and a $41.00 price objective for the company. Northland Securities initiated coverage on shares of NuScale Power in a research report on Monday, July 7th. They issued a "market perform" rating and a $35.00 price objective for the company. The Goldman Sachs Group set a $24.00 price objective on shares of NuScale Power and gave the company a "neutral" rating in a research report on Tuesday, May 20th. BNP Paribas raised shares of NuScale Power to a "hold" rating in a research report on Friday, July 25th. Finally, BTIG Research lowered shares of NuScale Power from a "buy" rating to a "neutral" rating in a research report on Wednesday, June 25th. Three research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $36.20.

Insider Activity at NuScale Power

In other news, CFO Robert Ramsey Hamady sold 30,641 shares of NuScale Power stock in a transaction that occurred on Wednesday, August 27th. The shares were sold at an average price of $35.59, for a total transaction of $1,090,513.19. Following the completion of the transaction, the chief financial officer directly owned 46,283 shares of the company's stock, valued at $1,647,211.97. The trade was a 39.83% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Carl M. Fisher sold 18,206 shares of NuScale Power stock in a transaction that occurred on Tuesday, August 5th. The shares were sold at an average price of $44.39, for a total transaction of $808,164.34. Following the transaction, the chief operating officer directly 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 ownership of the stock. The disclosure for this sale can be found here. 1.27% of the stock is owned by insiders.

NuScale Power Profile

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.