Hussman Strategic Advisors Inc. Invests $1.51 Million in NuScale Power Corporation $SMR

Hussman Strategic Advisors Inc. purchased a new stake in shares of NuScale Power Corporation (NYSE:SMR) during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 42,000 shares of the company’s stock, valued at approximately $1,512,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Truist Financial Corp grew its position in NuScale Power by 32.9% in the 3rd quarter. Truist Financial Corp now owns 63,303 shares of the company’s stock worth $2,279,000 after purchasing an additional 15,658 shares in the last quarter. Stonegate Investment Group LLC boosted its stake in shares of NuScale Power by 35.4% in the 3rd quarter. Stonegate Investment Group LLC now owns 8,125 shares of the company’s stock worth $292,000 after buying an additional 2,125 shares during the last quarter. Vanguard Personalized Indexing Management LLC grew its holdings in shares of NuScale Power by 29.8% in the third quarter. Vanguard Personalized Indexing Management LLC now owns 12,259 shares of the company’s stock valued at $441,000 after acquiring an additional 2,815 shares in the last quarter. OneAscent Financial Services LLC grew its holdings in shares of NuScale Power by 31.0% in the third quarter. OneAscent Financial Services LLC now owns 22,149 shares of the company’s stock valued at $797,000 after acquiring an additional 5,244 shares in the last quarter. Finally, Strs Ohio increased its position in shares of NuScale Power by 12.7% during the third quarter. Strs Ohio now owns 14,200 shares of the company’s stock valued at $511,000 after acquiring an additional 1,600 shares during the last quarter. 78.37% of the stock is currently owned by hedge funds and other institutional investors.

NuScale Power Stock Performance

Shares of NuScale Power stock opened at $20.49 on Thursday. The stock has a market capitalization of $6.12 billion, a P/E ratio of -7.17 and a beta of 2.12. NuScale Power Corporation has a 52-week low of $11.08 and a 52-week high of $57.42. The stock’s 50-day simple moving average is $18.51 and its 200 day simple moving average is $31.78.

NuScale Power (NYSE:SMR) last issued its earnings results on Thursday, November 6th. The company reported ($1.85) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.11) by ($1.74). NuScale Power had a negative return on equity of 51.27% and a negative net margin of 594.63%.The business had revenue of $8.24 million for the quarter, compared to the consensus estimate of $11.29 million. During the same quarter in the prior year, the business earned ($0.18) EPS. NuScale Power’s revenue for the quarter was up 1635.2% compared to the same quarter last year. Equities research analysts forecast that NuScale Power Corporation will post -0.73 EPS for the current fiscal year.

Insiders Place Their Bets

In other NuScale Power news, CFO Robert Ramsey Hamady sold 40,000 shares of the business’s stock in a transaction on Monday, December 8th. The shares were sold at an average price of $22.17, for a total transaction of $886,800.00. Following the sale, the chief financial officer owned 46,283 shares of the company’s stock, valued at $1,026,094.11. The trade was a 46.36% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 1.20% of the company’s stock.

Wall Street Analysts Forecast Growth

SMR has been the topic of several research analyst reports. BNP Paribas Exane cut NuScale Power from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 21st. The Goldman Sachs Group lowered their target price on NuScale Power from $27.00 to $23.00 and set a “neutral” rating on the stock in a research note on Friday, December 12th. Cantor Fitzgerald began coverage on shares of NuScale Power in a research report on Tuesday, October 21st. They set an “overweight” rating and a $55.00 price target for the company. Citigroup restated a “sell” rating and set a $37.50 price objective (down previously from $46.00) on shares of NuScale Power in a report on Tuesday, October 21st. Finally, Bank of America upgraded shares of NuScale Power from an “underperform” rating to a “neutral” rating and set a $28.00 target price on the stock in a research note on Friday, January 9th. Four investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and four have issued a Sell rating to the company. Based on data from MarketBeat, NuScale Power has a consensus rating of “Hold” and an average target price of $33.42.

NuScale Power 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.