CloudAlpha Capital Management Limited Hong Kong Makes New $630,000 Investment in NuScale Power Co. (NYSE:SMR)

CloudAlpha Capital Management Limited Hong Kong bought a new stake in NuScale Power Co. (NYSE:SMR) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 53,877 shares of the company’s stock, valued at approximately $630,000. NuScale Power comprises approximately 0.1% of CloudAlpha Capital Management Limited Hong Kong’s investment portfolio, making the stock its 19th largest position.

A number of other large investors also recently made changes to their positions in SMR. Price T Rowe Associates Inc. MD increased its position in shares of NuScale Power by 25.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 19,729 shares of the company’s stock valued at $106,000 after purchasing an additional 4,014 shares during the last quarter. International Assets Investment Management LLC bought a new stake in NuScale Power in the second quarter worth about $64,000. TFC Financial Management Inc. purchased a new position in NuScale Power in the second quarter valued at about $75,000. Resurgent Financial Advisors LLC increased its stake in shares of NuScale Power by 100.0% during the 1st quarter. Resurgent Financial Advisors LLC now owns 14,800 shares of the company’s stock worth $79,000 after purchasing an additional 7,400 shares during the last quarter. Finally, Evanson Asset Management LLC grew its position in shares of NuScale Power by 44.3% in the first quarter. Evanson Asset Management LLC now owns 26,000 shares of the company’s stock valued at $138,000 after purchasing an additional 7,986 shares in the last quarter. 15.28% of the stock is owned by institutional investors.

NuScale Power Trading Down 6.1 %

Shares of SMR stock opened at $9.09 on Wednesday. The business has a 50-day moving average of $9.77 and a 200 day moving average of $8.10. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.66 and a quick ratio of 2.66. NuScale Power Co. has a 1-year low of $1.81 and a 1-year high of $16.91. The stock has a market capitalization of $2.21 billion, a PE ratio of -10.69 and a beta of 1.22.

NuScale Power (NYSE:SMR) last issued its earnings results on Thursday, August 8th. The company reported ($0.31) EPS for the quarter, missing the consensus estimate of ($0.13) by ($0.18). NuScale Power had a negative return on equity of 61.82% and a negative net margin of 592.28%. The firm had revenue of $0.97 million during the quarter, compared to analysts’ expectations of $1.43 million. During the same period in the previous year, the firm earned ($0.13) earnings per share. As a group, sell-side analysts anticipate that NuScale Power Co. will post -0.55 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages recently issued reports on SMR. B. Riley increased their price objective on NuScale Power from $8.00 to $14.00 and gave the stock a “buy” rating in a report on Thursday, June 27th. CLSA started coverage on shares of NuScale Power in a report on Friday, September 13th. They issued an “outperform” rating and a $11.00 price target on the stock. One research analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $8.63.

Insider Activity at NuScale Power

In other news, COO Carl M. Fisher sold 12,302 shares of NuScale Power stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $8.79, for a total value of $108,134.58. Following the sale, the chief operating officer now directly owns 30,323 shares in the company, valued at approximately $266,539.17. The sale was disclosed in a filing with the SEC, which is available through this link. In other news, insider Robert K. Temple sold 5,000 shares of NuScale Power stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $9.57, for a total transaction of $47,850.00. Following the sale, the insider now owns 14,054 shares of the company’s stock, valued at approximately $134,496.78. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Carl M. Fisher sold 12,302 shares of the stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $8.79, for a total transaction of $108,134.58. Following the completion of the transaction, the chief operating officer now directly owns 30,323 shares of the company’s stock, valued at $266,539.17. The disclosure for this sale can be found here. Insiders have sold a total of 86,544 shares of company stock worth $809,536 in the last 90 days. Company insiders own 1.96% of the company’s stock.

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.