NEW YORK, Feb. 20, 2026 (GLOBE NEWSWIRE) -- Bronstein, Gewirtz & Grossman, LLC, a nationally recognized investor-rights law firm, announces that a class action lawsuit has been filed against NuScale Power Corporation (NYSE: SMR) and certain of its officers. This lawsuit seeks to recover damages against Defendants for alleged violations of the federal securities laws on behalf of all persons and entities that purchased or otherwise acquired NuScale securities between May 13, 2025 and November 10, 2025, both ...

Core Viewpoint - NuScale Power Corporation is facing a class action lawsuit due to allegations of misleading statements regarding its commercialization partnership with ENTRA1 Energy LLC and significant financial losses during the Class Period from May 13, 2025, to November 6, 2025 [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 NuScale's NPM technology from development to deployment [3]. Allegations and Financial Impact - The class action lawsuit claims that NuScale made false statements about ENTRA1's capabilities, asserting that ENTRA1 had no significant experience in building or operating nuclear power projects [4]. - NuScale's general and administrative expenses surged over 3,000% to $519 million in the third fiscal quarter, primarily due to a $495 million payment to ENTRA1 related to the TVA agreement [5]. - The company's net loss for the quarter increased to $532 million, compared to $46 million in the same period the previous year [5]. - Following the revelation of these financial issues, NuScale's Class A share price dropped by more than 12% over two days [5].

SHAREHOLDER ACTION NOTICE: Faruqi & Faruqi, LLP Reminds NuScale (SMR) Investors of Securities Class Action Deadline on April 20, 2026 [Accessibility Statement] Skip NavigationFaruqi & Faruqi, LLP Securities Litigation Partner [James (Josh) Wilson] Encourages Investors Who Suffered Losses In NuScale To Contact Him Directly To Discuss Their OptionsIf you purchased or acquired securities in [NuScale] between May 13, 2025 and November 6, 2025 and would like to discuss your legal rights, call Faruqi & Faruqi par ...

Core Viewpoint - NuScale Power Corporation is facing a class action lawsuit due to alleged misleading statements regarding its commercialization partnership with ENTRA1 Energy LLC and significant financial losses reported in its recent fiscal quarter [1] Group 1: Class Action Lawsuit Details - Investors who purchased NuScale Class A common stock between May 13, 2025, and November 6, 2025, can seek to be lead plaintiffs in the class action lawsuit by April 20, 2026 [1] - The lawsuit alleges violations of the Securities Exchange Act of 1934 by NuScale, its executives, and Fluor Corporation [1] - The lawsuit claims that NuScale made false statements about ENTRA1's capabilities, which lacked experience in nuclear power generation [1] Group 2: Financial Impact - NuScale's general and administrative expenses surged over 3,000% to $519 million in the third fiscal quarter, up from $17 million in the previous year [1] - The company's quarterly net loss increased to $532 million, compared to $46 million in the prior year [1] - Analysts questioned NuScale's CEO about ENTRA1's qualifications during a conference call, revealing potential milestone payments exceeding $3 billion [1] Group 3: Partnership and Technology - NuScale's core technology, the NuScale Power Module (NPM), is designed for energy generation within a broader power plant [1] - The partnership with ENTRA1 was expected to advance NuScale's technology from development to deployment, validated by a joint agreement with the Tennessee Valley Authority (TVA) for up to six gigawatts of nuclear power [1]

Core Viewpoint - A class action lawsuit has been filed against NuScale Power Corporation for allegedly making false and misleading statements regarding its business operations and partnerships, particularly concerning ENTRA1 Energy LLC's lack of experience in nuclear power generation [2][3]. Group 1: Lawsuit Details - The lawsuit is on behalf of all individuals and entities who purchased NuScale Class A common stock between May 13, 2025, and November 6, 2025, with a deadline of April 20, 2026, for investors to apply as lead plaintiffs [2]. - Allegations include that NuScale misrepresented ENTRA1's capabilities, claiming it had never built or operated significant projects in nuclear power, which exposed NuScale's commercialization strategy to undisclosed risks [3]. Group 2: Next Steps for Investors - Investors who suffered losses and wish to learn more about their rights or the lawsuit can contact the law firm Bragar Eagel & Squire, P.C. for further information [4]. Group 3: About the Law Firm - Bragar Eagel & Squire, P.C. is a nationally recognized law firm that represents individual and institutional investors in various types of litigation, including securities and commercial cases [5].

Core Viewpoint - A class action lawsuit has been filed against NuScale Power Corporation on behalf of investors who acquired its securities during the specified class period from May 13, 2025, to November 6, 2025 [1] Summary by Relevant Sections - **Company Information** - NuScale Power Corporation is identified as a publicly traded company on the NYSE under the ticker symbol SMR [1] - **Legal Action Details** - The lawsuit is aimed at investors who suffered losses on their NuScale investments during the class period [1] - Investors have until April 20, 2026, to request lead plaintiff appointment [1]

Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against NuScale Power Corporation (NYSE: SMR) and reminds investors of the April 20, 2026 deadline to seek the role of lead plaintiff in a federal securities class action filed against the company [1] Group 1: Allegations Against NuScale - The complaint alleges that NuScale and its executives violated federal securities laws by making false and/or misleading statements and failing to disclose critical information regarding ENTRA1's lack of experience in nuclear power generation [1] - It is claimed that NuScale's commercialization strategy was exposed to material, undisclosed risks of failure, delays, and regulatory challenges due to reliance on ENTRA1 [1] Group 2: Financial Impact - On November 6, 2025, NuScale reported a significant increase in general and administrative expenses, which surged over 3,000% to $519 million from $17 million in the prior year, primarily due to a $495 million payment to ENTRA1 [1] - As a result of this financial disclosure, NuScale's quarterly net loss increased to $532 million, up from $46 million in the previous year [1] Group 3: Stock Performance - Following the financial news, NuScale's Class A shares dropped more than 12% over two days, from approximately $32 per share on November 6, 2025, to about $28 per share by November 10, 2025 [1] - The stock continued to decline, reaching a low of $17 per share by November 21, 2025, representing a decrease of over 70% from the class period high of more than $57 per share [1]

Core Viewpoint - A class action lawsuit has been initiated against NuScale Power Corporation for alleged securities fraud, with the Rosen Law Firm representing investors who purchased Class A common stock between May 13, 2025, and November 6, 2025 [1] Company Overview - NuScale Power Corporation is facing legal challenges due to claims that it made false or misleading statements regarding its partnerships and operational capabilities in the nuclear power sector [1] - The lawsuit alleges that NuScale entrusted its commercialization and deployment of its NuScale Power Module to ENTRA1 Energy LLC, which lacked significant experience in nuclear energy generation [1] Legal Details - The lawsuit claims that during the class period, NuScale failed to disclose critical information about ENTRA1's lack of experience in building or operating significant projects in the nuclear power field [1] - It is asserted that the qualifications attributed to ENTRA1 were misleading and actually referred to another entity, the Habboush Group, which also lacked relevant experience [1] - The lawsuit indicates that these undisclosed risks could lead to failures, delays, and regulatory challenges for NuScale's commercialization strategy [1]

Energy Market Overview - Rising tensions between the US and Iran are expected to impact oil prices, with a current price around $65, which includes a $5 geopolitical risk premium [2][11] - The US administration aims to keep gasoline prices low, which is crucial for managing inflation [3][6] - Oil prices are currently at their highest levels since last summer, with a potential target of $70 per barrel for sustainable producer returns without significantly raising consumer gasoline prices [4][5] Geopolitical Risks - Iran's strategic position near the Strait of Hormuz, through which 20% of global oil and natural gas passes, poses a risk for global oil supply disruptions [8][12] - If Iran were to significantly disrupt oil supply, prices could rise dramatically, potentially exceeding $100 per barrel, although this scenario is considered unlikely [9][10] Market Supply Dynamics - Global oil inventories are currently well-supplied, but geopolitical tensions could affect future pricing [10][11] - Saudi Arabia holds spare capacity that could be utilized in the event of supply disruptions [13] Investment Opportunities in Energy Sector - Tortoise Capital offers various ETFs focusing on energy sectors, including natural gas, electrification, nuclear power, and AI infrastructure [14][15] - The Tortoise Essential Energy Fund (TNGY) emphasizes natural gas, which is expected to see rising demand driven by AI and LNG exports [15] - The Tortoise Electrification Infrastructure Index (TPZ) targets opportunities in electricity generation and transmission, anticipating a 2-3% annual growth in electricity demand in the US [15][16] - The Tortoise Nuclear Renaissance ETF focuses on the growth of nuclear power as a significant energy source [16] - The Tortoise Capital AI Infrastructure Fund (TCAI) captures investments in infrastructure necessary for AI development, including data centers and related technologies [17][19] Performance of Investment Funds - The TCAI fund has seen a 45% increase over six months, driven by rising capital spending in AI infrastructure [20][22] - Continued expansion of data centers and demand for AI applications are expected to sustain growth in this sector [21][22]

Core Viewpoint - A class action lawsuit has been announced against NuScale Power Corporation, focusing on the purchase of Class A common stock between May 13, 2025, and November 6, 2025, indicating potential legal challenges for the company [1] Group 1: Company Overview - NuScale Power Corporation is identified as a developer of nuclear power technology, highlighting its role in the energy sector [1] Group 2: Legal Proceedings - The Rosen Law Firm is investigating allegations related to NuScale Power, suggesting that there may be significant concerns regarding the company's operations or disclosures during the specified period [1]