NuScale Power Corporation (SMR) Investors with Substantial Losses Have Opportunity to Lead Securities Class Action filed by Robbins Geller Rudman & Dowd LLP

Core Viewpoint - NuScale Power Corporation is facing a class action lawsuit due to alleged misleading statements regarding its commercialization partnership with ENTRA1 Energy LLC and significant financial losses reported in its recent fiscal quarter [1] Group 1: Class Action Lawsuit Details - The class action lawsuit is filed by Robbins Geller Rudman & Dowd LLP for investors who purchased NuScale Class A common stock between May 13, 2025, and November 6, 2025 [1] - The lawsuit alleges violations of the Securities Exchange Act of 1934 by NuScale, its executives, and Fluor Corporation [1] - Investors have until April 20, 2026, to seek appointment as lead plaintiff in the lawsuit [1] Group 2: Allegations Against NuScale - The lawsuit claims that NuScale made false statements about ENTRA1's capabilities, stating that ENTRA1 had never built or operated significant projects in nuclear power generation [1] - It is alleged that NuScale's reliance on ENTRA1 exposed its commercialization strategy to undisclosed risks, including potential delays and regulatory challenges [1] - The lawsuit highlights that NuScale's general and administrative expenses surged over 3,000% to $519 million in the third fiscal quarter, primarily due to a $495 million payment to ENTRA1 [1] Group 3: Financial Impact - Following the disclosure of financial losses, NuScale's quarterly net loss increased to $532 million from $46 million in the prior year [1] - The company's stock price fell more than 12% over a two-day trading period after the announcement of these financial results [1] - The agreement with TVA could lead to milestone payments to ENTRA1 exceeding $3 billion, raising further concerns about NuScale's financial commitments [1]