NuScale(US:SMR) Globenewswire·2026-03-22 20:37Core 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, filed in the United States District Court for the District of Oregon [2]. - Investors have until April 20, 2026, to file for lead plaintiff status [2][6][8]. Group 2: Allegations - The complaint alleges that NuScale made false or misleading statements about ENTRA1 Energy LLC's capabilities in nuclear power generation [4]. - It is claimed that NuScale's commercialization strategy was exposed to undisclosed risks due to reliance on ENTRA1, which lacked significant experience in the field [4]. - The lawsuit highlights that NuScale's financial disclosures did not adequately reflect the risks associated with its partnerships and operational strategies [4]. Group 3: Financial Impact - On November 6, 2025, NuScale reported a significant increase in general and administrative expenses, rising over 3,000% to $519 million, primarily due to a $495 million payment to ENTRA1 [5]. - This financial disclosure led to a quarterly net loss of $532 million, 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].