NuScale Power Corporation $SMR Shares Purchased by Vanguard Group Inc.

Key Points

• Vanguard Group increased its NuScale Power stake by 40.5% in Q4, buying more than 4.48 million shares and ending with about 5.21% ownership worth roughly $220.3 million.
• NuScale’s latest earnings disappointed, with a $0.14 loss per share and just $0.57 million in revenue versus much higher expectations, underscoring ongoing commercialization challenges.
• Despite near-term weakness, the stock still has some bullish long-term catalysts, including potential NRC approvals, a possible TVA power purchase agreement, and progress on the 6 GW ENTRA1 program.

Vanguard Group Inc. raised its holdings in shares of NuScale Power Corporation (NYSE:SMR - Free Report) by 40.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,545,018 shares of the company's stock after buying an additional 4,482,254 shares during the period. Vanguard Group Inc. owned about 5.21% of NuScale Power worth $220,273,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. CX Institutional acquired a new position in shares of NuScale Power during the third quarter worth about $25,000. Nemes Rush Group LLC acquired a new position in shares of NuScale Power during the third quarter worth about $25,000. Strategic Advocates LLC acquired a new position in shares of NuScale Power during the third quarter worth about $25,000. Accredited Wealth Management LLC acquired a new position in shares of NuScale Power during the third quarter worth about $35,000. Finally, Triumph Capital Management acquired a new position in shares of NuScale Power during the third quarter worth about $37,000. Institutional investors and hedge funds own 78.37% of the company's stock.

Key Stories Impacting NuScale Power

Here are the key news stories impacting NuScale Power this week:

• Negative Sentiment: NuScale missed Q1 estimates on both earnings and revenue, reporting a loss of $0.14 per share versus the expected $0.11 loss and just $0.56 million in revenue versus $7.0 million expected; revenue also fell sharply year over year, highlighting continued execution and commercialization challenges. Article Title
• Negative Sentiment: Operating expenses are climbing and RoPower-related activity has slowed, adding to concerns that near-term growth may not be keeping pace with spending. Article Title
• Neutral Sentiment: Fluor fully exited its equity stake in NuScale, which changes the shareholder structure but still leaves Fluor as an EPC partner; investors may view this as a governance/funding shift rather than a direct business setback. Article Title
• Positive Sentiment: Longer-term optimism remains tied to NRC approvals, a potential TVA power purchase agreement later this year, and the 6 GW ENTRA1 program, which could support future demand for NuScale’s small modular reactor technology. Article Title
• Positive Sentiment: Some analysts still see meaningful upside from current levels, with consensus price targets implying about 45% upside if execution improves and earnings estimates trend higher. Article Title

Insider Transactions at NuScale Power

In related news, insider Clayton Scott sold 22,478 shares of the company's stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $12.22, for a total value of $274,681.16. Following the sale, the insider directly owned 132,852 shares of the company's stock, valued at $1,623,451.44. This represents a 14.47% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO John Lawrence Hopkins sold 82,667 shares of the company's stock in a transaction on Tuesday, March 3rd. The shares were sold at an average price of $12.22, for a total transaction of $1,010,190.74. Following the completion of the sale, the chief executive officer directly owned 117,018 shares in the company, valued at $1,429,959.96. This represents a 41.40% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 40,572,082 shares of company stock valued at $481,029,608 over the last ninety days. 1.28% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

SMR has been the topic of a number of recent research reports. B. Riley Financial reduced their price objective on NuScale Power from $24.00 to $19.00 and set a "buy" rating on the stock in a research note on Friday, April 24th. TD Cowen cut shares of NuScale Power from a "buy" rating to a "hold" rating in a research report on Wednesday, February 11th. UBS Group reduced their target price on shares of NuScale Power from $20.00 to $13.00 and set a "neutral" rating on the stock in a research report on Wednesday, March 18th. Zacks Research raised shares of NuScale Power from a "strong sell" rating to a "hold" rating in a research report on Friday, February 20th. Finally, Canaccord Genuity Group reduced their target price on shares of NuScale Power from $60.00 to $25.00 and set a "buy" rating on the stock in a research report on Friday, February 27th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, nine have assigned a Hold rating and three have assigned a Sell rating to the company's stock. According to MarketBeat.com, NuScale Power presently has an average rating of "Hold" and a consensus price target of $19.38.

NuScale Power Stock Performance

NYSE:SMR opened at $12.52 on Friday. NuScale Power Corporation has a one year low of $8.85 and a one year high of $57.42. The business's 50-day simple moving average is $11.63 and its 200 day simple moving average is $18.11. The stock has a market cap of $4.23 billion, a price-to-earnings ratio of -4.29 and a beta of 2.24.

NuScale Power (NYSE:SMR - Get Free Report) last released its quarterly earnings results on Thursday, May 7th. The company reported ($0.14) EPS for the quarter, missing the consensus estimate of ($0.11) by ($0.03). The business had revenue of $0.57 million during the quarter, compared to analyst estimates of $7.00 million. NuScale Power had a negative return on equity of 56.54% and a negative net margin of 2,066.55%.The company's revenue for the quarter was down 95.8% compared to the same quarter last year. On average, equities research analysts predict that NuScale Power Corporation will post -0.44 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.