NuScale Power Corporation (SMR) Options Positioning, Max Pain & Unusual Sweeps

The per-the Roarable RQD rating assigns NuScale Power Corporation an RQD Score of 26 and a letter grade of E, labeled "Roarable Strong Sell — Forensic Risk / Avoid." The five pillars are scored as follows: Fundamental Cash Engine 5/20 (ROIC -35%; FCF yield -18%), Whale 13F Flow 5/20 (institutional accumulation and options positioning), Insider Conviction 4/20 (SEC Form 4 and Congressional PTR cluster flow), Macro Regime Fit 5/20 (Beta 1.14; sector sensitivity), and Forensic Balance Sheet 7/20 (Altman Z 3.62; Piotroski F 3/9; Debt/Equity 0.11). The weakest pillars are insider conviction and the cash engine, meaning the rating sees little evidence of insider buying conviction and negative returns on invested capital and free cash flow. The balance sheet pillar scores highest, which is consistent with the reported Debt/Equity of 0.11 and Altman Z of 3.62, though the Piotroski F-Score of 3/9 is weak. For a prospective investor, the rating implies that upside depends on a turnaround in cash generation that the current metrics do not yet show. The forward P/E of 19 contrasts with negative trailing EPS of -0.83, so any valuation case rests heavily on forward expectations that the source data does not independently verify. This is an analytical framing, not personalized financial advice.

NuScale Power Corporation is classified under the Industrials sector and the Metal Fabrications industry, trading on the NYSE. Per the SEC financials, the company reported FY 2025 revenue of $31.5M, indicating a small revenue base relative to its market capitalization. The profile section describes the company as a NYSE-listed Industrials issuer. The source data does not specify its products, customers, or detailed revenue model.

Per the market data section, gross margin is 36.3%, while operating and net margins are both -60%, and ROIC is -35%. Per the RQD rating, the Altman Z-Score is 3.62 and the Piotroski F-Score is 3/9. Debt/Equity is 0.11 per the RQD rating. Reported operating losses widened from FY 2024 to FY 2025 while cash rose from $401.6M to $836.4M and debt rose from $41.2M to $134.5M.

The news wire contains six items, all related to SMR. A Seeking Alpha item (GREEN, CATALYST) reports a cut to Sell equivalent at Barclays on contract uncertainty. A marketscreener.com item (RED, RISK WATCH) reports shares falling after the Barclays downgrade. A TradingView item (GREEN, CATALYST) discusses whether industrial heat demand can drive growth. A Foreign Policy Journal item (YELLOW, MARKET WIRE) reports the stock sliding 55% over six months while the company eyes the industrial heat market. A Timothy Sykes item (YELLOW, MARKET WIRE) cites legal and analyst pressure. A Yahoo Finance UK item (YELLOW, MARKET WIRE) covers general market action and positioning. The Butterfly Supply-Chain Graph lists supply chain as NONE, with no butterfly links and no proprietary signals.

Per the Butterfly Supply-Chain Graph, no upstream or downstream dependencies, sector correlations, or proprietary signals are mapped for this issuer. Not available in source data for any upstream or downstream linkage. Investors should note that the analyst-facing news items describe industrial heat demand as a potential growth driver, but the source data does not map the supply-chain pathways that would transmit that demand to the company.

• What is the revenue composition behind the FY 2025 figure of $31.5M, and what customer or contract base supports it?
• What drove the widening operating loss from $-138.7M in FY 2024 to $-689.6M in FY 2025, and how much of it is recurring?
• Does the rise in debt from $41.2M to $134.5M reflect a financing plan tied to the contract uncertainty referenced in news coverage?
• What is the nature of the legal pressure referenced in the news wire, and does it carry financial exposure not reflected in the source data?
• Why is the EPS line N/A across all three reported periods, and what is the reconciled per-share loss?