NuScale(US:SMR) Globenewswire·2026-02-24 23:00Core Viewpoint - The lawsuit against NuScale Power Corporation alleges securities fraud related to the company's partnership with ENTRA1 Energy LLC, claiming that the partnership posed undisclosed risks and led to significant financial losses for investors [4][5]. Summary by Sections Lawsuit Details - The lawsuit is filed on behalf of investors who purchased NuScale securities between May 13, 2025, and November 6, 2025, during which the company announced a partnership with ENTRA1 to commercialize its NuScale Power Modules technology [4]. - Allegations include that ENTRA1 had no significant experience in building or operating nuclear power projects, raising concerns about NuScale's commercialization strategy [5]. Financial Impact - On November 6, 2025, NuScale reported a dramatic increase in general and administrative expenses, which surged over 3,000% to $519 million from $17 million year-over-year, primarily due to a $495 million payment to ENTRA1 [6]. - This financial disclosure resulted in a net loss of $532 million for the quarter, compared to a $46 million loss in the previous year, causing the stock price to drop by approximately 14.4% in one day [6]. - Following this announcement, the stock price continued to decline, reaching a low of $17 per share by November 21, 2025, representing a drop of over 70% from its class period high of more than $57 per share [7].