SCHEDULE: BlackRock Discloses 3.4% Stake in NuScale Power
Beneficial Ownership Disclosure
BlackRock, Inc. has reported a 3.4% beneficial ownership stake in NuScale Power Corp's Class A Stock as of December 31, 2025.
Summary
- BlackRock, Inc. beneficially owns 9,726,638 shares of NuScale Power Corp's Class A Stock.
- This ownership represents 3.4% of the total Class A Stock outstanding.
- BlackRock holds sole voting power over 9,510,847 shares and sole dispositive power over 9,726,638 shares.
- The securities were acquired and are held in the ordinary course of business, not for the purpose of changing or influencing control of NuScale Power Corp.
Sentiment
Score: 6
Explanation: A routine disclosure of institutional ownership by BlackRock, indicating continued investment in NuScale Power, though the stake is below 5% and not indicative of a new, aggressive position. It's a neutral-to-slightly positive signal due to the institutional backing.
Positives
- The disclosure of a significant stake by BlackRock, a major institutional investor, can be interpreted as a vote of confidence in NuScale Power Corp's long-term prospects.
Negatives
- None directly stated in the filing.
Risks
- No specific operational or financial risks related to NuScale Power Corp are mentioned in this beneficial ownership disclosure.
Future Outlook
This filing does not contain any forward-looking statements or guidance regarding NuScale Power Corp's future performance or BlackRock's future investment intentions beyond the certification of holding in the ordinary course of business.
Management Comments
- BlackRock, Inc. certifies that the securities were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities.
Industry Context
BlackRock's continued investment in NuScale Power Corp, a leader in small modular reactor technology, highlights ongoing institutional interest in the nuclear energy sector and its potential for future growth and decarbonization efforts.
Comparison to Industry Standards
- Not applicable as this filing is a beneficial ownership disclosure, not a performance report. It does not provide specific comparable company or project results.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Power of Attorney Update | BlackRock, Inc. executed a new Power of Attorney on January 21, 2025, revoking a previous one dated April 30, 2023. This document authorizes specific individuals to execute and file ownership or control-person reporting requirements on behalf of BlackRock and its affiliates. | 2025-01-21 | This is an internal corporate governance update for BlackRock, ensuring proper authorization for SEC filings. It does not directly impact NuScale Power Corp's corporate governance. |
Stakeholder Impact
- Shareholders: Provides transparency regarding significant institutional holdings in the company.
- Investors: Offers insight into the investment decisions of major asset managers like BlackRock regarding NuScale Power Corp.
Next Steps
- No specific future actions or milestones for NuScale Power Corp are mentioned in this filing.
Key Dates
| Date | Description |
|---|---|
| 2023-04-30 | Previous Power of Attorney revoked by BlackRock, Inc. |
| 2025-01-21 | Execution date of the current Power of Attorney by BlackRock, Inc. |
| 2025-12-31 | Date of event which requires filing of this statement (ownership snapshot date). |
| 2026-01-21 | Signature date of the Schedule 13G filing by BlackRock, Inc. |
Recommendation
holdThis Schedule 13G filing is a routine disclosure of BlackRock's beneficial ownership in NuScale Power Corp. While institutional ownership by a major asset manager like BlackRock can be seen as a positive signal, the 3.4% stake is not a controlling interest, nor does the filing provide operational or financial performance data to warrant a change in investment thesis. It simply confirms an existing, non-activist position. Therefore, a 'hold' recommendation is appropriate as the filing does not present new information that would fundamentally alter the investment outlook.
Keywords
NuScale Power, BlackRock, institutional ownership, Class A Stock, SEC filing, 13G, beneficial ownership, nuclear energy
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