Renaissance Technologies LLC Purchases Shares of 5,455,800 NuScale Power Corporation $SMR

Renaissance Technologies LLC acquired a new stake in NuScale Power Corporation (NYSE:SMR) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 5,455,800 shares of the company’s stock, valued at approximately $59,141,000.

Other institutional investors have also recently modified their holdings of the company. Van ECK Associates Corp lifted its holdings in shares of NuScale Power by 117.8% during the fourth quarter. Van ECK Associates Corp now owns 11,515,561 shares of the company’s stock worth $163,176,000 after purchasing an additional 6,227,747 shares during the period. Vanguard Group Inc. increased its holdings in NuScale Power by 40.5% in the 4th quarter. Vanguard Group Inc. now owns 15,545,018 shares of the company’s stock worth $220,273,000 after buying an additional 4,482,254 shares during the period. Voloridge Investment Management LLC purchased a new position in NuScale Power during the 4th quarter worth approximately $48,993,000. Samsung C&T Corp raised its position in NuScale Power by 98.9% during the 3rd quarter. Samsung C&T Corp now owns 5,185,804 shares of the company’s stock worth $186,689,000 after buying an additional 2,578,702 shares during the last quarter. Finally, Morgan Stanley lifted its stake in NuScale Power by 81.0% during the 4th quarter. Morgan Stanley now owns 5,277,905 shares of the company’s stock valued at $74,788,000 after acquiring an additional 2,361,532 shares during the period. 78.37% of the stock is currently owned by hedge funds and other institutional investors.

NuScale Power Stock Up 0.2%

SMR stock opened at $8.10 on Monday. NuScale Power Corporation has a 52-week low of $7.21 and a 52-week high of $57.42. The firm has a market cap of $2.96 billion, a P/E ratio of -2.77 and a beta of 2.24. The company’s 50-day simple moving average is $10.21 and its 200-day simple moving average is $12.63.

NuScale Power (NYSE:SMR) last announced its quarterly earnings results on Thursday, May 7th. The company reported ($0.14) earnings per share for the quarter, missing the consensus estimate of ($0.11) by ($0.03). The business had revenue of $0.56 million during the quarter, compared to analysts’ expectations of $7.00 million. NuScale Power had a negative net margin of 2,066.55% and a negative return on equity of 48.88%. The business’s revenue was down 95.8% on a year-over-year basis. On average, analysts anticipate that NuScale Power Corporation will post -0.46 earnings per share for the current fiscal year.

More NuScale Power News

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

• Positive Sentiment: Analysts and recent articles highlighted NuScale’s regulatory lead, approved technology, and about $1 billion in liquidity, which could support future project execution if management converts the pipeline into signed contracts. Article Title
• Positive Sentiment: Coverage also emphasized rising nuclear demand and NuScale’s U.S. and Romania project pipeline, which keeps the long-term growth thesis intact if funding hurdles can be overcome. Article Title
• Positive Sentiment: Some investors may take encouragement from the valuation reset, which has made SMR look less expensive than before after a steep share-price decline. Article Title
• Neutral Sentiment: Analysts reportedly assigned NuScale an average price target of $15.46, suggesting meaningful upside from current levels, but that target still depends on execution rather than any near-term operational inflection. Article Title
• Negative Sentiment: The main concern remains weak revenue, missed expectations, and continued losses, underscoring that NuScale has not yet proven it can monetize its technology at scale. Article Title
• Negative Sentiment: Investors are still worried about financing risk and dilution, since multiple reports said project funding and capital needs will be decisive for whether the company can turn its pipeline into revenue. Article Title
• Negative Sentiment: Recent comparisons with other nuclear names, plus articles noting NuScale’s sharp year-to-date and one-year decline, reinforce the market’s skepticism about near-term commercial traction. Article Title

Analysts Set New Price Targets

Several analysts have recently commented on SMR shares. Barclays dropped their price objective on shares of NuScale Power from $15.00 to $11.00 and set an “equal weight” rating on the stock in a report on Wednesday. Northland Securities set a $19.00 price target on shares of NuScale Power in a report on Monday, May 11th. The Goldman Sachs Group set a $9.00 price target on NuScale Power in a research report on Friday, May 8th. HSBC assumed coverage on NuScale Power in a research note on Thursday, April 23rd. They set a “hold” rating and a $13.00 price objective for the company. Finally, B. Riley Financial lowered their target price on NuScale Power from $24.00 to $19.00 and set a “buy” rating on the stock in a research note on Friday, April 24th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, nine have issued a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, NuScale Power presently has an average rating of “Hold” and an average target price of $15.15.

NuScale Power Company 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.