NuScale Power Corporation (SMR) Investors with Substantial Losses Have Opportunity to Lead Class Action
NuScaleNuScale(US:SMR) Prnewswire·2026-03-17 21:30

Core Viewpoint - NuScale Power Corporation is facing a class action lawsuit due to alleged misleading statements and undisclosed risks related to its commercialization partnership with ENTRA1 Energy LLC, which has resulted in substantial financial losses for investors [1][4]. 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 [3]. - The company entered a global commercialization partnership with ENTRA1 Energy LLC, which was expected to advance its NPM technology from development to deployment [3]. Allegations and Financial Impact - The class action lawsuit claims that NuScale and its executives made false statements regarding ENTRA1's capabilities, failing to disclose that ENTRA1 had no significant experience in building or operating nuclear power projects [4]. - 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 [5]. - As a result of these financial disclosures, NuScale's quarterly net loss escalated to $532 million from $46 million in the prior year, leading to a more than 12% decline in share price over two days [5].

NuScale Power Corporation (SMR) Investors with Substantial Losses Have Opportunity to Lead Class Action - Reportify