Prospera Financial Services Inc Invests $1.99 Million in NuScale Power Corporation $SMR

Key Points

• Prospera Financial Services disclosed a new fourth-quarter position in NuScale Power, buying 140,467 shares worth about $1.99 million. The filing adds to already high institutional ownership, which stands at 78.37%.
• NuScale remains in the spotlight for its commercialization prospects, including its partnership with ENTRA1 Energy and the TVA plan that could support up to 6 GW of SMR capacity. Investors are also watching its NRC licensing lead and dual Part 52 approvals as potential deployment advantages.
• The stock faces meaningful pressure from weak fundamentals and insider selling: NuScale recently missed both earnings and revenue estimates, and insiders have sold a large amount of stock in the past 90 days. Analysts currently rate the shares Hold on average, with a consensus price target of $15.92.

Prospera Financial Services Inc bought a new position in NuScale Power Corporation (NYSE:SMR - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 140,467 shares of the company's stock, valued at approximately $1,990,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Cibc World Market Inc. boosted its stake in shares of NuScale Power by 3.8% in the 3rd quarter. Cibc World Market Inc. now owns 9,000 shares of the company's stock worth $324,000 after buying an additional 329 shares during the last quarter. MAI Capital Management raised its stake in shares of NuScale Power by 37.0% during the 3rd quarter. MAI Capital Management now owns 1,654 shares of the company's stock worth $60,000 after purchasing an additional 447 shares during the period. Arizona State Retirement System raised its stake in shares of NuScale Power by 1.7% during the 3rd quarter. Arizona State Retirement System now owns 35,523 shares of the company's stock worth $1,279,000 after purchasing an additional 587 shares during the period. Principal Financial Group Inc. raised its stake in shares of NuScale Power by 7.6% during the 3rd quarter. Principal Financial Group Inc. now owns 9,706 shares of the company's stock worth $349,000 after purchasing an additional 688 shares during the period. Finally, Strategic Advocates LLC bought a new stake in shares of NuScale Power during the 3rd quarter worth $25,000. Hedge funds and other institutional investors own 78.37% of the company's stock.

Key Headlines Impacting NuScale Power

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

• Positive Sentiment: Investors are re-rating NuScale’s growth story after reports centered on its partnership with ENTRA1 Energy and the TVA plan to develop up to 6 GW of SMR capacity, which reinforces the company’s long-term commercialization opportunity. Article Title
• Positive Sentiment: Coverage also pointed to NuScale’s NRC licensing lead and dual Part 52 approvals as a competitive advantage that could help speed deployments for AI data centers and industrial customers. Article Title
• Positive Sentiment: Analysts and commentators continue to frame SMR as a possible solution to surging AI power demand, which keeps the stock in play as a speculative “advanced nuclear” name. Article Title
• Neutral Sentiment: A comparative article on NuScale versus Oklo keeps attention on the nuclear sector, but it does not provide a clear new company-specific catalyst for SMR. Article Title
• Negative Sentiment: Bearish commentary argues that true revenue is still far away, underscoring execution risk and supporting concerns that the current valuation may be running ahead of fundamentals. Article Title
• Negative Sentiment: Recent quarterly results were weak, with NuScale missing earnings and revenue expectations, which continues to weigh on investor confidence even as commercialization headlines improve.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. Weiss Ratings reiterated a "sell (d-)" rating on shares of NuScale Power in a research note on Friday, March 27th. Cantor Fitzgerald decreased their price target on shares of NuScale Power from $55.00 to $20.00 and set an "overweight" rating for the company in a research note on Tuesday, February 24th. Northland Securities set a $19.00 price target on shares of NuScale Power in a research note on Monday, May 11th. Barclays decreased their price target on shares of NuScale Power from $45.00 to $15.00 and set an "equal weight" rating for the company in a research note on Monday, February 23rd. Finally, UBS Group cut their price target on NuScale Power from $20.00 to $13.00 and set a "neutral" rating for the company in a research note on Wednesday, March 18th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, nine have assigned a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $15.92.

NuScale Power Trading Down 1.4%

Shares of NYSE:SMR opened at $12.05 on Thursday. The company has a 50 day moving average of $11.41 and a 200 day moving average of $15.38. The stock has a market cap of $4.40 billion, a P/E ratio of -4.13 and a beta of 2.24. NuScale Power Corporation has a 12 month low of $8.85 and a 12 month high of $57.42.

NuScale Power (NYSE:SMR - Get Free Report) last issued its quarterly earnings data on Thursday, May 7th. The company reported ($0.14) EPS for the quarter, missing the consensus estimate of ($0.11) by ($0.03). The firm had revenue of $0.57 million for the quarter, compared to analysts' expectations of $7.00 million. NuScale Power had a negative net margin of 2,066.55% and a negative return on equity of 48.88%. The firm's quarterly revenue was down 95.8% compared to the same quarter last year. On average, equities analysts forecast that NuScale Power Corporation will post -0.79 earnings per share for the current fiscal year.

Insider Activity at NuScale Power

In related news, Director Corp Fluor sold 13,500,000 shares of NuScale Power stock in a transaction on Tuesday, April 21st. The stock was sold at an average price of $11.81, for a total transaction of $159,435,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, COO Carl M. Fisher sold 22,197 shares of the firm's stock in a transaction that occurred on Tuesday, March 3rd. The shares were sold at an average price of $12.22, for a total transaction of $271,247.34. Following the completion of the sale, the chief operating officer directly owned 140,141 shares in the company, valued at $1,712,523.02. This represents a 13.67% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 40,108,335 shares of company stock valued at $474,931,335 in the last ninety days. 1.28% of the stock is currently owned by corporate insiders.

About NuScale Power

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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