NuScale Power Corporation $SMR Shares Purchased by Mirae Asset Global Investments Co. Ltd.

Key Points

• Mirae Asset Global Investments boosted its stake in NuScale by 103.4% in Q3 to 609,450 shares (about 0.21% of the company), valued at roughly $21.94 million.
• CFO Robert Ramsey Hamady sold 40,000 shares at an average $22.17 on Dec. 8, cutting his holding by 46.36%; corporate insiders now own about 1.20% of SMR.
• Analysts are mixed with a consensus "Hold" and an average price target of $33.42; SMR opened at $18.93 (down 7.6%), trades within a 12‑month range of $11.08–$57.42, and currently posts negative earnings.

Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of NuScale Power Corporation (NYSE:SMR - Free Report) by 103.4% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 609,450 shares of the company's stock after acquiring an additional 309,810 shares during the period. Mirae Asset Global Investments Co. Ltd. owned about 0.21% of NuScale Power worth $21,940,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in SMR. CX Institutional purchased a new stake in shares of NuScale Power during the third quarter worth about $25,000. Indiana Trust & Investment Management Co acquired a new stake in NuScale Power in the 3rd quarter worth about $34,000. Rothschild Investment LLC increased its stake in NuScale Power by 45.2% during the 2nd quarter. Rothschild Investment LLC now owns 1,125 shares of the company's stock worth $45,000 after buying an additional 350 shares in the last quarter. Steigerwald Gordon & Koch Inc. purchased a new position in shares of NuScale Power in the third quarter valued at approximately $41,000. Finally, Harbour Investments Inc. boosted its stake in shares of NuScale Power by 21.3% in the second quarter. Harbour Investments Inc. now owns 1,156 shares of the company's stock worth $46,000 after acquiring an additional 203 shares during the last quarter. 78.37% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts recently commented on the company. UBS Group set a $20.00 price objective on NuScale Power in a research note on Tuesday, November 25th. Bank of America raised shares of NuScale Power from an "underperform" rating to a "neutral" rating and set a $28.00 target price for the company in a report on Friday, January 9th. Citigroup reissued a "sell" rating and issued a $37.50 price target (down from $46.00) on shares of NuScale Power in a research note on Tuesday, October 21st. BNP Paribas Exane lowered shares of NuScale Power from a "hold" rating to a "strong sell" rating in a research report on Tuesday, October 21st. Finally, The Goldman Sachs Group cut their price objective on shares of NuScale Power from $27.00 to $23.00 and set a "neutral" rating for the company in a report on Friday, December 12th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, seven have given a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $33.42.

Insider Buying and Selling

In related news, CFO Robert Ramsey Hamady sold 40,000 shares of the company's stock in a transaction that occurred on Monday, December 8th. The stock was sold at an average price of $22.17, for a total value of $886,800.00. Following the transaction, the chief financial officer directly owned 46,283 shares in the company, valued at approximately $1,026,094.11. This represents a 46.36% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 1.20% of the company's stock.

NuScale Power Trading Down 7.6%

Shares of SMR stock opened at $18.93 on Friday. NuScale Power Corporation has a twelve month low of $11.08 and a twelve month high of $57.42. The company's 50-day moving average price is $18.51 and its 200-day moving average price is $31.69. The stock has a market cap of $5.65 billion, a price-to-earnings ratio of -6.62 and a beta of 2.12.

NuScale Power (NYSE:SMR - Get Free Report) last released its quarterly earnings data on Thursday, November 6th. The company reported ($1.85) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.11) by ($1.74). The firm had revenue of $8.24 million for the quarter, compared to analyst estimates of $11.29 million. NuScale Power had a negative return on equity of 51.27% and a negative net margin of 594.63%.NuScale Power's revenue for the quarter was up 1635.2% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.18) earnings per share. As a group, equities research analysts predict that NuScale Power Corporation will post -0.73 EPS for the current year.

NuScale Power Company Profile

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.

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