1,618,392 Shares of NuScale Power Corporation $SMR Acquired by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of NuScale Power Corporation (NYSE:SMR) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 1,618,392 shares of the company’s stock, valued at approximately $12,785,000. Mirae Asset Global Investments Co. Ltd. owned 0.38% of NuScale Power at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in SMR. Assetmark Inc. grew its holdings in shares of NuScale Power by 1,940.3% in the 1st quarter. Assetmark Inc. now owns 2,428 shares of the company’s stock worth $26,000 after acquiring an additional 2,309 shares during the last quarter. Ameritas Advisory Services LLC purchased a new position in shares of NuScale Power in the second quarter worth approximately $27,000. GAMMA Investing LLC increased its position in shares of NuScale Power by 157.5% in the third quarter. GAMMA Investing LLC now owns 3,221 shares of the company’s stock worth $25,000 after acquiring an additional 1,970 shares in the last quarter. Nisa Investment Advisors LLC raised its holdings in shares of NuScale Power by 69.6% during the third quarter. Nisa Investment Advisors LLC now owns 7,191 shares of the company’s stock valued at $57,000 after acquiring an additional 2,952 shares during the period. Finally, Signaturefd LLC raised its holdings in shares of NuScale Power by 275.1% during the third quarter. Signaturefd LLC now owns 7,693 shares of the company’s stock valued at $61,000 after acquiring an additional 5,642 shares during the period. 78.37% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have weighed in on SMR shares. UBS Group cut shares of NuScale Power from a “neutral” rating to a “sell” rating and lowered their price objective for the stock from $10.00 to $6.00 in a research report on Friday, September 11th. Truist Financial reduced their target price on NuScale Power from $10.00 to $8.00 and set a “hold” rating for the company in a report on Thursday, October 22nd. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of NuScale Power in a research report on Monday, September 21st. Royal Bank Of Canada lowered their price target on NuScale Power from $14.00 to $10.00 and set a “sector perform” rating on the stock in a report on Tuesday, August 11th. Finally, Citigroup lowered their price target on NuScale Power from $6.50 to $4.00 and set a “sell” rating on the stock in a report on Wednesday, October 21st. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, seven have assigned a Hold rating and five have assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $10.23.

NuScale Power News Summary

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

• Positive Sentiment: NuScale is moving toward first-article production with manufacturing partner Doosan, a step that could improve manufacturing readiness and support commercialization. NuScale Power Advances SMR Manufacturing With Doosan Deal
• Neutral Sentiment: A market report projects global small modular reactor market growth through 2032, reflecting long-term demand for low-carbon power. The broad forecast does not establish near-term revenue or orders for NuScale. Global Small Modular Reactor Market Forecast
• Negative Sentiment: Wedbush initiated coverage with an Underperform rating and a $5 price target, citing doubts about NuScale’s ability to secure orders. That target was below the $5.36 reference price in the coverage, adding pressure as the shares trade near their 52-week low. Wedbush Starts NuScale Power at Underperform
• Negative Sentiment: Barclays’ bearish view also highlights NuScale’s key commercial hurdle: despite having an approved reactor design, the company still lacks a first customer contract. Barclays Turned Bearish on NuScale Power
• Negative Sentiment: NuScale has also been caught up in a broader selloff in small-reactor stocks, suggesting sector sentiment may be compounding company-specific concerns about order prospects. X-energy Lost 23% in a Month

Insider Buying and Selling at NuScale Power

In related news, Director Shinji Fujino sold 20,000 shares of the company’s stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $8.86, for a total value of $177,200.00. Following the completion of the sale, the director directly owned 17,242 shares in the company, valued at approximately $152,764.12. This represents a 53.70% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Robert Hamady sold 29,880 shares of the company’s stock in a transaction on Thursday, August 27th. The stock was sold at an average price of $9.39, for a total transaction of $280,573.20. Following the completion of the sale, the chief financial officer owned 124,235 shares of the company’s stock, valued at $1,166,566.65. This represents a 19.39% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last 90 days, insiders have sold 69,880 shares of company stock worth $615,573. 1.28% of the stock is currently owned by company insiders.

NuScale Power Trading Up 0.1%

SMR opened at $5.36 on Wednesday. The stock has a fifty day moving average price of $7.73 and a 200 day moving average price of $10.78. NuScale Power Corporation has a 1 year low of $5.20 and a 1 year high of $40.15. The stock has a market cap of $2.30 billion, a price-to-earnings ratio of -1.83 and a beta of 2.42.

NuScale Power (NYSE:SMR) last posted its quarterly earnings results on Wednesday, August 5th. The company reported ($0.13) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.13). The company had revenue of $0.07 million during the quarter, compared to the consensus estimate of $8.80 million. NuScale Power had a negative return on equity of 35.59% and a negative net margin of 3,888.70%. The business’s quarterly revenue was down 99.1% on a year-over-year basis. During the same period last year, the business earned ($0.11) EPS. As a group, sell-side analysts forecast that NuScale Power Corporation will post -0.63 earnings per share for the current fiscal year.

NuScale Power Profile

NuScale Power Corporation develops small modular reactor (SMR) technology for producing electricity and other forms of low-carbon energy. The company’s core product is the NuScale Power Module, a compact pressurized-water reactor designed to be manufactured in a factory, transported to a site and deployed in scalable configurations.

NuScale markets its technology through the VOYGR power plant platform, which can combine multiple reactor modules to meet the needs of utilities, industrial users and other customers.