400,000 Shares in NuScale Power Corporation $SMR Acquired by Healthcare of Ontario Pension Plan Trust Fund

Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of NuScale Power Corporation (NYSE:SMR) during the 1st quarter, Holdings Channel.com reports. The firm acquired 400,000 shares of the company’s stock, valued at approximately $4,336,000.

Several other institutional investors also recently bought and sold shares of SMR. Vermillion & White Wealth Management Group LLC raised its position in NuScale Power by 1,550.9% during the 4th quarter. Vermillion & White Wealth Management Group LLC now owns 1,783 shares of the company’s stock valued at $25,000 after purchasing an additional 1,675 shares in the last quarter. Assetmark Inc. grew its position in shares of NuScale Power by 1,940.3% during the 1st quarter. Assetmark Inc. now owns 2,428 shares of the company’s stock worth $26,000 after buying an additional 2,309 shares in the last quarter. Ameriflex Group Inc. bought a new position in shares of NuScale Power during the 4th quarter worth $30,000. Strategic Advocates LLC increased its stake in shares of NuScale Power by 233.0% during the fourth quarter. Strategic Advocates LLC now owns 2,321 shares of the company’s stock valued at $33,000 after buying an additional 1,624 shares during the period. Finally, Harbour Investments Inc. increased its stake in shares of NuScale Power by 32.4% during the fourth quarter. Harbour Investments Inc. now owns 2,419 shares of the company’s stock valued at $34,000 after buying an additional 592 shares during the period. 78.37% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

SMR has been the subject of a number of research reports. Barclays lowered their price objective on shares of NuScale Power from $15.00 to $11.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 22nd. Truist Financial began coverage on shares of NuScale Power in a report on Monday, July 13th. They issued a “hold” rating and a $10.00 price target for the company. Citigroup restated a “sell” rating on shares of NuScale Power in a report on Wednesday, July 22nd. B. Riley Financial lowered their price target on shares of NuScale Power from $24.00 to $19.00 and set a “buy” rating for the company in a research report on Friday, April 24th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of NuScale Power in a research note on Wednesday, June 24th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, nine have given a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $15.15.

NuScale Power Trading Up 13.4%

SMR opened at $8.61 on Friday. The firm has a market cap of $3.15 billion, a price-to-earnings ratio of -2.95 and a beta of 2.24. NuScale Power Corporation has a 12 month low of $7.21 and a 12 month high of $57.42. The stock has a fifty day moving average price of $10.02 and a 200-day moving average price of $12.31.

NuScale Power (NYSE:SMR) last issued its quarterly earnings data on Thursday, May 7th. The company reported ($0.14) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.03). NuScale Power had a negative net margin of 2,066.55% and a negative return on equity of 48.88%. The company had revenue of $0.56 million for the quarter, compared to the consensus estimate of $7.00 million. The firm’s quarterly revenue was down 95.8% compared to the same quarter last year. On average, equities research analysts forecast that NuScale Power Corporation will post -0.46 EPS for the current year.

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.