NuScale(US:SMR) Globenewswire·2026-03-02 19:48Core 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]. Group 1: Lawsuit Details - The lawsuit is filed on behalf of investors who purchased NuScale Class A common stock between May 13, 2025, and November 6, 2025 [2][7]. - The case is titled Truedson v. NuScale Power Corporation, et al, and is being heard in the United States District Court for the District of Oregon [2]. - Investors have until April 20, 2026, to file for lead plaintiff status [6][8]. Group 2: Allegations Against NuScale - The complaint alleges that NuScale made false and misleading statements about ENTRA1 Energy LLC's capabilities, claiming it had experience in nuclear power generation when it did not [4]. - It is claimed that NuScale's commercialization strategy was exposed to significant undisclosed risks due to reliance on ENTRA1, which lacked relevant experience [4]. - The lawsuit highlights that the financial mismanagement led to a dramatic increase in general and administrative expenses, which surged over 3,000% to $519 million in the third fiscal quarter [5]. Group 3: Financial Impact - Following the announcement of increased expenses, NuScale's quarterly net loss rose to $532 million, compared to $46 million in the prior year [5]. - The stock price of NuScale Class A common stock fell by $5.45 per share, approximately 14.4%, from $37.91 on November 5, 2025, to $32.46 on November 6, 2025 [5].