15,410 Shares in NuScale Power Corporation (NYSE:SMR) Bought by Florida Financial Advisors LLC

Florida Financial Advisors LLC acquired a new position in shares of NuScale Power Corporation (NYSE:SMR) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 15,410 shares of the company’s stock, valued at approximately $219,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of SMR. CoreCap Advisors LLC acquired a new position in NuScale Power during the fourth quarter worth $33,000. Twin Tree Management LP acquired a new position in NuScale Power during the fourth quarter worth $42,000. NBC Securities Inc. raised its holdings in NuScale Power by 165,450.0% during the first quarter. NBC Securities Inc. now owns 3,311 shares of the company’s stock worth $46,000 after purchasing an additional 3,309 shares during the last quarter. PNC Financial Services Group Inc. raised its holdings in NuScale Power by 2,980.0% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,696 shares of the company’s stock worth $66,000 after purchasing an additional 3,576 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC acquired a new position in NuScale Power during the fourth quarter worth $97,000. 78.37% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, VP Jacqueline F. Engel sold 1,565 shares of NuScale Power stock in a transaction on Monday, May 5th. The stock was sold at an average price of $16.94, for a total value of $26,511.10. Following the completion of the sale, the vice president owned 1,218 shares of the company’s stock, valued at $20,632.92. The trade was a 56.23% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO John Lawrence Hopkins sold 26,345 shares of NuScale Power stock in a transaction on Thursday, May 15th. The shares were sold at an average price of $23.66, for a total value of $623,322.70. The disclosure for this sale can be found here. Insiders sold a total of 95,278 shares of company stock valued at $1,786,990 over the last quarter. Company insiders own 1.27% of the company’s stock.

NuScale Power Stock Up 12.8%

Shares of NYSE:SMR opened at $42.28 on Tuesday. The company has a market cap of $12.02 billion, a P/E ratio of -30.86 and a beta of 2.04. NuScale Power Corporation has a 52 week low of $6.88 and a 52 week high of $45.31. The business has a fifty day simple moving average of $32.47 and a 200-day simple moving average of $23.56.

NuScale Power (NYSE:SMR) last announced its quarterly earnings data on Monday, May 12th. The company reported ($0.11) EPS for the quarter, beating analysts’ consensus estimates of ($0.17) by $0.06. The business had revenue of $13.38 million during the quarter, compared to the consensus estimate of $1.46 million. NuScale Power had a positive return on equity of 0.09% and a negative net margin of 273.36%. Sell-side analysts expect that NuScale Power Corporation will post -0.73 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. Citigroup assumed coverage on NuScale Power in a report on Monday, June 23rd. They issued a “neutral” rating and a $46.00 price target for the company. The Goldman Sachs Group set a $24.00 price target on NuScale Power and gave the stock a “neutral” rating in a report on Tuesday, May 20th. CLSA set a $41.00 price target on NuScale Power and gave the stock an “outperform” rating in a report on Tuesday, May 27th. BTIG Research cut NuScale Power from a “buy” rating to a “neutral” rating in a report on Wednesday, June 25th. Finally, Northland Capmk raised NuScale Power to a “hold” rating in a report on Monday, July 7th. Six equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $32.00.

About NuScale Power

NuScale Power Corporation engages in the development and sale of modular light water reactor nuclear power plants to supply energy for electrical generation, district heating, desalination, hydrogen production, and other process heat applications. It offers NuScale Power Module (NPM), a water reactor that can generate 77 megawatts of electricity (MWe); and VOYGR power plant designs for three facility sizes that are capable of housing from one to four and six or twelve NPMs.