NuScale(US:SMR) Globenewswire·2026-03-27 19:07Core 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 the specified class 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, et al, and is being heard 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][8]. Group 2: Allegations - The complaint alleges that NuScale made false and misleading statements about ENTRA1 Energy LLC's capabilities in nuclear power generation [4]. - It is claimed that NuScale's reliance on ENTRA1 for its commercialization strategy exposed the company to undisclosed risks, including potential failures and regulatory challenges [4]. - The lawsuit highlights that ENTRA1 had no significant experience in building or operating nuclear energy projects, which was misrepresented by NuScale [4]. Group 3: Financial Impact - On November 6, 2025, NuScale reported a dramatic 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 significant 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 $5.45 per share, approximately 14.4%, closing at $32.46 on November 6, 2025 [5].