NuScale(US:SMR) Prnewswire·2026-03-25 16:57Core Viewpoint - A class action lawsuit has been filed against NuScale Power Corporation, alleging misleading statements and undisclosed risks related to its commercialization partner and financial performance during the specified class period [1][3]. Group 1: Lawsuit Details - The class action lawsuit is on behalf of investors who acquired NuScale securities from May 13, 2025, to November 6, 2025 [1][2]. - Investors have until April 20, 2026, to seek appointment as lead plaintiff representatives [2]. Group 2: Allegations - The complaint claims that NuScale's commercialization partner, ENTRA1 Energy LLC, lacked meaningful experience in nuclear power projects [3]. - It is alleged that the qualifications attributed to ENTRA1 were actually related to another entity, the Habboush Group, which also lacks significant nuclear energy experience [3]. - The lawsuit highlights that NuScale's commercialization strategy faced undisclosed risks, including potential failures and regulatory challenges [3]. Group 3: Financial Impact - On November 6, 2025, NuScale reported a more than 3,000% increase in general and administrative expenses, totaling $519 million for the third fiscal quarter, primarily due to a $495 million payment to ENTRA1 [4]. - The company's net loss for the quarter surged to $532 million [4]. - Following this disclosure, NuScale's Class A shares fell over 12%, dropping from $32.46 to $28.43 within two trading days [5].