NuScale(US:SMR) Globenewswire·2026-02-20 23:00Core Viewpoint - A class action lawsuit has been filed against NuScale Power Corporation for allegedly misleading investors regarding its commercialization partner and financial disclosures during a specific period [1][3]. Group 1: Lawsuit Details - The lawsuit is on behalf of investors who acquired NuScale securities from May 13, 2025, to November 6, 2025 [1][2]. - Investors have until April 20, 2026, to seek appointment as lead plaintiff representatives [2]. Group 2: Allegations - The complaint alleges that NuScale misrepresented its exclusive commercialization partner, ENTRA1 Energy LLC, claiming it lacked meaningful experience in nuclear power projects [3]. - It is also alleged that the qualifications attributed to ENTRA1 were actually related to the Habboush Group, which has no significant nuclear energy experience [3]. - The commercialization strategy of NuScale was said to be exposed to undisclosed risks, including potential failures and regulatory challenges [3]. Group 3: Financial Impact - On November 6, 2025, NuScale reported a more than 3,000% increase in general and administrative expenses, totaling $519 million for the third fiscal quarter, primarily due to a $495 million payment to ENTRA1 [4]. - The company's net loss for the quarter was reported at $532 million [4]. - Following this disclosure, NuScale's Class A shares fell over 12%, from $32.46 on November 6, 2025, to $28.43 on November 10, 2025 [5].