NuScale Power Corporation $SMR Holdings Lifted by Baird Financial Group Inc.

Baird Financial Group Inc. raised its position in NuScale Power Corporation (NYSE:SMR - Free Report) by 3.4% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 413,507 shares of the company's stock after purchasing an additional 13,452 shares during the quarter. Baird Financial Group Inc. owned about 0.15% of NuScale Power worth $5,855,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Kaizen Financial Strategies acquired a new stake in NuScale Power in the 1st quarter valued at approximately $204,000. Cambridge Investment Research Advisors Inc. grew its stake in shares of NuScale Power by 31.9% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 193,098 shares of the company's stock worth $2,734,000 after purchasing an additional 46,744 shares in the last quarter. California State Teachers Retirement System increased its holdings in shares of NuScale Power by 17.9% during the fourth quarter. California State Teachers Retirement System now owns 79,687 shares of the company's stock valued at $1,429,000 after purchasing an additional 12,070 shares during the period. Ameriprise Financial Inc. increased its holdings in shares of NuScale Power by 34.1% during the fourth quarter. Ameriprise Financial Inc. now owns 52,612 shares of the company's stock valued at $943,000 after purchasing an additional 13,373 shares during the period. Finally, Farther Finance Advisors LLC raised its stake in shares of NuScale Power by 6.9% during the first 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 in the last quarter. Institutional investors own 78.37% of the company's stock.

NuScale Power Price Performance

Shares of SMR opened at $36.18 on Friday. The firm's 50 day moving average is $40.34 and its 200-day moving average is $28.49. NuScale Power Corporation has a 12-month low of $6.88 and a 12-month high of $53.50. The stock has a market capitalization of $10.31 billion, a P/E ratio of -30.40 and a beta of 2.03.

NuScale Power (NYSE:SMR - Get Free Report) last issued its earnings results on Thursday, August 7th. The company reported ($0.13) earnings per share for the quarter, missing analysts' consensus estimates of ($0.12) by ($0.01). The business had revenue of $8.05 million for 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 forecast that NuScale Power Corporation will post -0.73 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages recently issued reports on SMR. BTIG Research lowered shares of NuScale Power from a "buy" rating to a "neutral" rating in a research report on Wednesday, June 25th. Bank of America initiated coverage on shares of NuScale Power in a report on Thursday, August 21st. They issued a "neutral" rating and a $36.00 price objective for the company. CLSA set a $41.00 price objective on shares of NuScale Power and gave the company an "outperform" rating in a research note on Tuesday, May 27th. BNP Paribas Exane started coverage on NuScale Power in a research report on Friday, July 25th. They issued a "neutral" rating and a $41.00 target price for the company. Finally, BNP Paribas raised NuScale Power to a "hold" rating in a research note on Friday, July 25th. Three equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $36.20.

Insider Buying and Selling at NuScale Power

In other news, CFO Robert Ramsey Hamady sold 30,641 shares of the company's stock in a transaction on Wednesday, August 27th. The stock was sold at an average price of $35.59, for a total transaction of $1,090,513.19. Following the completion of the sale, the chief financial officer directly owned 46,283 shares of the company's stock, valued at $1,647,211.97. This represents a 39.83% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, COO Carl M. Fisher sold 18,206 shares of the stock in a transaction on Tuesday, August 5th. The shares were sold at an average price of $44.39, for a total value of $808,164.34. Following the completion of the transaction, the chief operating officer owned 90,864 shares of the company's stock, valued at $4,033,452.96. This trade represents a 16.69% decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.27% of the company's stock.

NuScale Power Company 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.

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