$SMR Securities: BFA Law Notifies NuScale Power Corporation Investors that Suffered Losses of the Important April 20 Securities Class Action Deadline

Core Viewpoint - A class action lawsuit has been filed against NuScale Power Corporation and certain senior executives for securities fraud following a significant stock drop attributed to potential violations of federal securities laws [1]. Group 1: Lawsuit Details - Investors have until April 20, 2026, to request to lead the case in the U.S. District Court for the District of Oregon, under the caption Truedson v. NuScale Power Corporation, et al., No. 3:26-cv-00328 [3]. - The lawsuit asserts claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 on behalf of investors in NuScale Class A common stock [3]. Group 2: Allegations Against NuScale - NuScale is a nuclear technology company known for its NuScale Power Module (NPM), a small modular nuclear reactor designed for energy generation [4]. - The company allegedly misrepresented the capabilities and experience of its partner ENTRA1 Energy LLC, claiming it had extensive experience in developing power plants, which was later revealed to be untrue [5][6]. - ENTRA1 was primarily organized to support its principal, Wadie Habboush, and had never built or operated significant projects in nuclear power generation [6]. Group 3: Stock Performance Impact - On November 6, 2025, NuScale reported a dramatic increase in general and administrative expenses from $17 million in the prior year to $519 million in 3Q 2025, largely due to a $495 million payment to ENTRA1 [7]. - Following the disclosure of ENTRA1's lack of experience in nuclear projects, NuScale's stock dropped by $4.03 per share, or over 12.4%, from $32.46 on November 6, 2025, to $28.43 on November 10, 2025 [7].