NuScale(US:SMR) Globenewswire·2026-02-24 21:34Core Viewpoint - A securities fraud class action lawsuit has been filed against NuScale Power Corporation for misleading statements regarding its commercialization strategy and financial performance during a specific period [2][4][7]. Company Overview - NuScale Power Corporation (NYSE: SMR) is facing legal action due to allegations of false and misleading statements made between May 13, 2025, and November 6, 2025 [2][7]. - The lawsuit is filed in the United States District Court for the District of Oregon, under the case caption Truedson v. NuScale Power Corporation, et al [2]. Financial Performance - In the third fiscal quarter of 2025, NuScale reported a significant increase in general and administrative expenses, which rose over 3,000% to $519 million from $17 million in the prior year [5]. - The company's quarterly net loss surged to $532 million, compared to a loss of $46 million in the same period the previous year [5]. Allegations Summary - The complaint alleges that NuScale misrepresented the capabilities of ENTRA1 Energy LLC, claiming it had experience in nuclear power generation, which it did not possess [4]. - It is claimed that NuScale's commercialization strategy was exposed to undisclosed risks, including potential failures and regulatory challenges [4]. Investor Actions - Investors who purchased NuScale Class A common stock during the specified period are encouraged to file for lead plaintiff status by April 20, 2026 [6][8]. - Kessler Topaz Meltzer & Check, LLP is the law firm representing the investors and offers free consultations regarding the case [3][9].