Clear Creek Financial Management LLC Grows Stock Position in NuScale Power Co. (NYSE:SMR)

Clear Creek Financial Management LLC raised its position in shares of NuScale Power Co. (NYSE:SMR) by 93.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 22,442 shares of the company’s stock after acquiring an additional 10,830 shares during the period. Clear Creek Financial Management LLC’s holdings in NuScale Power were worth $402,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Van ECK Associates Corp raised its position in NuScale Power by 90.0% in the 3rd quarter. Van ECK Associates Corp now owns 1,235,457 shares of the company’s stock worth $14,307,000 after purchasing an additional 585,292 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in shares of NuScale Power by 212.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 677,248 shares of the company’s stock worth $7,843,000 after buying an additional 460,487 shares during the period. Geode Capital Management LLC lifted its stake in shares of NuScale Power by 21.0% during the 3rd quarter. Geode Capital Management LLC now owns 1,829,843 shares of the company’s stock worth $21,194,000 after acquiring an additional 317,285 shares during the last quarter. TimesSquare Capital Management LLC purchased a new position in NuScale Power during the 3rd quarter valued at $2,895,000. Finally, Exchange Traded Concepts LLC grew its position in NuScale Power by 291.3% in the 4th quarter. Exchange Traded Concepts LLC now owns 292,833 shares of the company’s stock valued at $5,250,000 after acquiring an additional 217,998 shares during the last quarter. Hedge funds and other institutional investors own 78.37% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Craig Hallum lifted their target price on NuScale Power from $16.00 to $21.00 and gave the stock a “buy” rating in a research report on Thursday, October 17th. One equities 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’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $11.42.

NuScale Power Price Performance

SMR opened at $23.84 on Monday. The company has a market capitalization of $6.09 billion, a price-to-earnings ratio of -25.09 and a beta of 1.47. The company has a current ratio of 2.24, a quick ratio of 2.24 and a debt-to-equity ratio of 0.26. NuScale Power Co. has a 12-month low of $2.45 and a 12-month high of $32.30. The business’s fifty day simple moving average is $22.44 and its 200-day simple moving average is $16.72.

NuScale Power (NYSE:SMR) last issued its earnings results on Thursday, November 7th. The company reported ($0.18) earnings per share (EPS) for the quarter. NuScale Power had a negative return on equity of 72.85% and a negative net margin of 1,089.32%. The business had revenue of $0.48 million for the quarter, compared to the consensus estimate of $6.18 million. During the same quarter in the previous year, the company earned ($0.26) earnings per share.

Insider Activity at NuScale Power

In other news, VP Jacqueline F. Engel sold 18,186 shares of NuScale Power stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $29.00, for a total value of $527,394.00. Following the transaction, the vice president now owns 3,801 shares of the company’s stock, valued at $110,229. The trade was a 82.71 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO John Lawrence Hopkins sold 664,568 shares of the stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $18.04, for a total transaction of $11,988,806.72. Following the sale, the chief executive officer now directly owns 34,675 shares of the company’s stock, valued at $625,537. The trade was a 95.04 % decrease in their position. The disclosure for this sale can be found here. 1.96% of the stock is currently owned by corporate insiders.

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.