NuScale(US:SMR) Globenewswire·2026-03-13 16:58Core Viewpoint - NuScale Power Corporation is facing a class action lawsuit due to alleged violations of the Securities Exchange Act of 1934, with claims that the company and its executives made misleading statements regarding their commercialization partnership with ENTRA1 Energy LLC and the capabilities of ENTRA1 in the nuclear power sector [1][3]. Company Overview - NuScale Power Corporation specializes in small modular nuclear reactors, specifically the NuScale Power Module (NPM), aimed at generating energy within larger power plants [2]. - The company entered a global commercialization partnership with ENTRA1 Energy LLC, which was expected to facilitate the deployment of its NPM technology [2]. Allegations and Financial Impact - The lawsuit alleges that NuScale and its executives failed to disclose critical information about ENTRA1's lack of experience in building or operating significant nuclear projects, which posed undisclosed risks to NuScale's commercialization strategy [3]. - 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 in the previous year, primarily due to a $495 million payment to ENTRA1 [4]. - The company's quarterly net loss also increased significantly to $532 million from $46 million year-over-year, leading to a more than 12% decline in NuScale Class A shares over a two-day trading period following the announcement [4]. Legal Process - Investors who purchased NuScale Class A common stock during the specified class period can seek appointment as lead plaintiff in the class action lawsuit, which allows them to represent the interests of all class members [6]. Law Firm Background - Robbins Geller Rudman & Dowd LLP, the law firm representing the plaintiffs, is recognized as a leading firm in securities fraud litigation, having recovered over $916 million for investors in 2025 alone [7].