Top war-crimes court issues arrest warrants for Netanyahu and others in Israel-Hamas fighting
Wall St slides at end of strong holiday-shortened week
Warm, wet year means plenty of full, tall Christmas trees
NuScale Power Co. ( NYSE:SMR – Get Free Report )’s stock price shot up 6.5% during mid-day trading on Thursday . The company traded as high as $28.42 and last traded at $28.06. 10,872,091 shares were traded during mid-day trading, an increase of 71% from the average session volume of 6,362,766 shares. The stock had previously closed at $26.34. Analysts Set New Price Targets A number of research firms have recently commented on SMR. CLSA initiated coverage on NuScale Power in a research report on Friday, September 13th. They set an “outperform” rating and a $11.00 price target on the stock. Craig Hallum raised their target price on shares of NuScale Power from $16.00 to $21.00 and gave the stock a “buy” rating in a report on Thursday, October 17th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $10.39. Get Our Latest Stock Analysis on SMR NuScale Power Stock Performance Insider Transactions at NuScale Power In other news, insider Robert K. Temple sold 5,000 shares of the 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 completion of the transaction, the insider now directly owns 14,054 shares in the company, valued at $134,496.78. This represents a 26.24 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website . Insiders sold 409,051 shares of company stock valued at $5,525,671 in the last ninety days. 1.96% of the stock is currently owned by corporate insiders. Institutional Inflows and Outflows Institutional investors have recently made changes to their positions in the stock. Franklin Resources Inc. bought a new position in shares of NuScale Power in the third quarter valued at $555,000. Tidal Investments LLC acquired a new stake in NuScale Power in the third quarter valued at $118,000. Barclays PLC grew its position in shares of NuScale Power by 472.3% in the 3rd quarter. Barclays PLC now owns 150,791 shares of the company’s stock valued at $1,746,000 after acquiring an additional 124,441 shares during the period. Geode Capital Management LLC increased 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 purchasing an additional 317,285 shares during the last quarter. Finally, State Street Corp raised its holdings in shares of NuScale Power by 10.2% in the 3rd quarter. State Street Corp now owns 1,674,995 shares of the company’s stock valued at $19,396,000 after purchasing an additional 154,368 shares during the period. Institutional investors and hedge funds own 15.28% of the company’s stock. NuScale Power Company Profile ( Get Free Report ) 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. Recommended Stories Receive News & Ratings for NuScale Power Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NuScale Power and related companies with MarketBeat.com's FREE daily email newsletter .
HDV Generated Great Returns In 2 Years, 2025 Outlook Appears Promising
Two Canadian Cabinet ministers met with President-elect Donald Trump 's nominee for commerce secretary at Mar-a-Lago on Friday as Canada tries to avoid sweeping tariffs when Trump takes office. Finance Minister Dominic LeBlanc and Foreign Minister Mélanie Joly met with Howard Lutnick, Trump’s nominee for commerce secretary, as well as North Dakota Gov. Doug Burgum , Trump’s pick to lead the Interior Department. Trump has threatened to impose 25% tariffs on all Canadian products if Canada does not stem what he calls a flow of migrants and fentanyl into the United States — even though far fewer of each cross into the U.S. from Canada than from Mexico , which Trump has also threatened. “Minister LeBlanc and Minister Joly had a positive, productive meeting at Mar-a-Lago with Howard Lutnick and Doug Burgum, as a follow-up to the dinner between the Prime Minister and President Trump last month,” said Jean-Sébastien Comeau, a spokesman for LeBlanc. Comeau said both ministers outlined the measures in Canada's billion-dollar plan to increase security at the border and reiterated “the shared commitment to strengthen border security as well as combat the harm caused by fentanyl to save Canadian and American lives.” Comeau said Lutnick and Burgum agreed to relay the information to Trump. The Trump transition team did not immediately respond to a message seeking comment. Further discussions are expected in the coming weeks. Joly will also have dinner with U.S. Sen. Lindsey Graham on Friday. Trump has been trolling Prime Minister Justin Trudeau on social media in recent weeks by calling him the Governor of the 51st state. Flows of migrants and seizures of drugs are vastly different at the U.S.’s two land borders. U.S. customs agents seized 43 pounds of fentanyl at the Canadian border during the last fiscal year, compared with 21,100 pounds at the Mexican border. Most of the fentanyl reaching the U.S. — where it causes about 70,000 overdose deaths annually — is made by Mexican drug cartels using precursor chemicals smuggled from Asia. On immigration, the U.S. Border Patrol reported 1.53 million encounters with migrants at the southwest border with Mexico between October 2023 and September 2024. That compares to 23,721 encounters at the Canadian border during that time. Trump has also made an issue of the U.S. trade deficit with Canada, erroneously calling it a subsidy. Canada’s ambassador to Washington, Kirsten Hillman, has said the U.S. had a $75 billion trade deficit with Canada last year. But she noted a third of what Canada sells into the U.S. are energy exports and said there is a deficit when oil prices are high. About 60% of U.S. crude oil imports and 85% of U.S. electricity imports are from Canada. Alberta alone sends 4.3 million barrel s of oil per day to the U.S which tends to consume about 20 million barrels a day. Nearly $3.6 billion Canadian dollars ($2.7 billion) worth of goods and services cross the border each day. Canada is the top export destination for 36 U.S. states. Trudeau has told Trump that Americans would also suffer if the president-elect follows through on a plan to impose sweeping tariffs on Canadian products.
Hail Flutie: BC celebrates 40th anniversary of Miracle in MiamiBlake's career receiving day helps Charlotte beat FAU 39-27
NVIDIA Co. (NASDAQ:NVDA) Shares Sold by Blodgett Wealth Advisors LLC
OpenAI said it needs “more capital than we’d imagined” as the Sam Altman-led artificial intelligence pioneer outlined plans for revamping into a for-profit company. Under the proposed structure, the ChatGPT maker’s existing for-profit arm will become a Delaware public benefit corporation (PBC) — a company that is structured to consider the interests of society in addition to shareholder value. As the expensive pursuit of artificial general intelligence, or AI that surpasses human intelligence, heats up, OpenAI has been looking to make changes to attract ever more investment. “We once again need to raise more capital than we’d imagined. Investors want to back us but, at this scale of capital, need conventional equity and less structural bespokeness,” the Microsoft-backed startup said Friday. “The hundreds of billions of dollars that major companies are now investing into AI development show what it will really take for OpenAI to continue pursuing the mission.” Its latest $6.6 billion funding round at a valuation of $157 billion was contingent on whether the firm can upend its corporate structure and remove a profit cap for investors, Reuters has reported. The company said the PBC will oversee commercial operations, and it will hire a separate staff for its nonprofit branch that will “pursue charitable initiatives” in healthcare, education and science. The PBC will have “ordinary shares of stock” and the nonprofit will hold a “significant interest” at a “fair valuation determined by independent financial advisors,” OpenAI said. The transformation into a PBC would align the startup with rivals such as Anthropic and Elon Musk-owned xAI that use a similar structure and recently raised billions in funding. Anthropic garnered another $4 billion investment from existing investor Amazon last month, while xAI raised around $6 billion in equity financing earlier in December. “The key to the announcement is that the for-profit side of OpenAI ‘will run and control OpenAI’s operations and business,'” DA Davidson & Co analyst Gil Luria said. “This is the critical step the company needs to make in order to continue fund raising,” Luria said, although he added that the move did “not necessitate OpenAI going public.” The startup could, however, face some hurdles in the plan. Musk, an OpenAI co-founder who later left and is now one of the startup’s most vocal critics, is trying to stop the plan and in August sued OpenAI and Altman . The Tesla and SpaceX founder – who has become a key adviser to President-elect Donald Trump — has called the conversion to a for-profit entity a “textbook tale of altruism versus greed.” OpenAI earlier this month asked a federal judge to reject Musk’s request and published a trove of messages with Musk to argue that he initially backed for-profit status for OpenAI before walking away from the company after failing to get a majority equity stake and full control. Meta Platforms is also urging California’s attorney general to block OpenAI’s planned conversion to a for-profit company, the Wall Street Journal reported earlier this month. OpenAI also has been dealing with internal turmoil after an exodus of top talent. In May, OpenAI co-founder Ilya Sutskever and former safety leader Jan Leike left the company over disagreements about the firm’s direction. Leike, who joined rival Anthropic, wrote that safety procedures at OpenAI had “taken a backseat to shiny products.” Another employee who worked under Leike quit soon after, accusing OpenAI of acting like a for-profit company. “Over the past years, safety culture and processes have taken a backseat to shiny products,” he wrote in a post on X. Co-founder John Schulman also left OpenAI to join Anthropic. In late September, OpenAI Chief Technology Officer Mira Murati said she was leaving the company after six-and-a-half years. Two research executives announced their departures that same day. Altman has previously said the departures are not related to the potential restructuring. With Post wires
Georgia QB Carson Beck knocked out by hand injury in SEC championship game against Texas
Friendly reminder |
The authenticity of this information has not been verified by this website and is for your reference only. Please do not reprint without permission. If authorized by this website, it should be used within the scope of authorization and marked with "Source: this website". |
Special attention |
Some articles on this website are reprinted from other media. The purpose of reprinting is to convey more industry information, which does not mean that this website agrees with their views and is responsible for their authenticity. Those who make comments on this website forum are responsible for their own content. This website has the right to reprint or quote on the website. The comments on the forum do not represent the views of this website. If you need to use the information provided by this website, please contact the original author. The copyright belongs to the original author. If you need to contact this website regarding copyright, please do so within 15 days. |