NuScale(US:SMR) Globenewswire·2026-03-12 22:56Core 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 is publicly traded on the NYSE under the ticker SMR [7]. - The company focuses on nuclear power generation and has faced scrutiny over its partnerships and financial disclosures [4]. Lawsuit Details - The lawsuit is titled Truedson v. NuScale Power Corporation, filed in the United States District Court for the District of Oregon [2]. - The class period for the lawsuit is from May 13, 2025, to November 6, 2025 [7]. - Investors have until April 20, 2026, to file for lead plaintiff status [6][8]. Allegations - The complaint alleges that NuScale made false or misleading statements about ENTRA1 Energy LLC's capabilities, which were critical to its nuclear power projects [4]. - It is claimed that ENTRA1 had no significant experience in building or operating nuclear energy facilities, which was not disclosed to investors [4]. - The lawsuit highlights that NuScale's commercialization strategy was exposed to undisclosed risks, including potential failures and regulatory challenges [4]. Financial Impact - On November 6, 2025, NuScale reported a significant increase in general and administrative expenses, which rose over 3,000% to $519 million, primarily due to a $495 million payment to ENTRA1 [5]. - This financial disclosure led to a substantial net loss of $532 million for the quarter, compared to a loss of $46 million in the previous year [5]. - Following this announcement, NuScale's stock price dropped by approximately 14.4%, from $37.91 to $32.46 per share [5].