NEW YORK, March 27, 2026 (GLOBE NEWSWIRE) -- The Gross Law Firm issues the following notice to shareholders of NuScale Power Corporation (NYSE: SMR). Shareholders who purchased shares of SMR during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery. CONTACT US HERE: https://securitiesclasslaw.com/securities/nuscale-power-corporation-loss-submission-form/?id=184855&from=3 CLASS PERI ...

Core Insights - Nuclear energy is experiencing a resurgence globally, with countries looking to enhance their nuclear capabilities as a clean energy source that supports renewable energy and provides reliable baseload power for data centers [1] Company Developments - Fluor is expanding its operations in Europe, focusing on next-generation small modular reactors (SMRs) and the modernization of traditional nuclear plants [2] - A new office has been established in Bucharest, Romania, to manage nuclear energy projects, positioning Fluor as a key player in Romania's nuclear energy sector [3] - Fluor is involved in two significant projects in Romania: the RoPower SMR project and the expansion of the Cernavodă Nuclear Power Plant [3] Project Details - The RoPower project involves deploying six 77-megawatt (MWe) NuScale Power Modules at a decommissioned power plant, aiming to provide a total of 462 MWe of carbon-free baseload power [4] - The VOYGR-6 plant is a joint venture between Nuclearelectrica and Nova Power & Gas, with the final investment decision approved in February, moving into the pre-engineering procurement and construction phase [5] - The first NuScale Power Module is expected to be operational by July 2033, with the full six-module facility projected for completion by December 2034 [6] Financial Implications - The expansion and refurbishment of the Cernavodă Nuclear Power Plant represents a larger financial commitment for Fluor, with a multibillion-euro program that includes a €1.9 billion refurbishment of Unit 1 and a €3 billion construction of Units 3 and 4 [7]

Core Viewpoint - NuScale Power Corporation is facing a securities class action lawsuit due to allegations of issuing materially false and misleading statements regarding its partnership with ENTRA1 Energy LLC, which lacked significant experience in nuclear power generation [2][4]. Group 1: Allegations and Class Period - The class period for the lawsuit is from May 13, 2025, to November 6, 2025 [2]. - Allegations include that ENTRA1 had never built, financed, or operated significant projects in nuclear power, raising concerns about NuScale's commercialization strategy [2]. - The lawsuit claims that NuScale's reliance on ENTRA1 exposed the company to undisclosed risks of failure, delays, and regulatory challenges [2]. Group 2: Next Steps for Shareholders - Shareholders who purchased shares during the class period are encouraged to register for the class action by April 20, 2026, to potentially become lead plaintiffs [3]. - Registered shareholders will receive updates through a portfolio monitoring software regarding the case's progress [3]. Group 3: Law Firm Background - The Gross Law Firm is a nationally recognized class action law firm focused on protecting investors' rights against deceit and fraud [4]. - The firm aims to ensure companies adhere to responsible business practices and seeks recovery for investors who suffered losses due to misleading statements [4].

Core Insights - NuScale Power is advancing a significant deployment opportunity through the ENTRA1 Energy and Tennessee Valley Authority (TVA) program, which includes a planned 6-gigawatt nuclear program involving 72 NuScale Power Modules across six plants [1][10] Group 1: Project Development - TVA has announced an agreement to purchase power from ENTRA1, marking one of the largest nuclear development programs in the U.S. to meet rising electricity demand from sectors like AI data centers and advanced manufacturing [2] - ENTRA1 is assembling a project infrastructure team, including engineering firms, construction contractors, investors, and legal advisers, to support project execution [3] - Financing discussions are progressing, with several major financial institutions involved, and one institution has signed a multibillion-dollar term sheet to support the project [3] Group 2: Revenue Potential - NuScale Power expects to generate revenues once the power purchase agreement (PPA) is signed, with potential service revenues from combined operating license application work and FEED services related to ENTRA1 plants [4] - The 6 GW TVA opportunity could become a major revenue driver for NuScale Power once financing is secured and PPAs are signed [4] Group 3: Competitive Landscape - NuScale Power faces significant competition in the nuclear energy sector from companies like Constellation Energy and GE Vernova [5] - GE Vernova and Xcel Energy have formed a long-term strategic partnership to support power generation and grid projects, which may enhance competition in the market [6] - Constellation Energy has received approval for a $167 million project to upgrade control systems at the Limerick Clean Energy Center, part of a larger $5.1 billion investment in Pennsylvania [7] Group 4: Financial Performance - NuScale Power's shares have decreased by 66.7% over the past six months, compared to a 57.2% decline in the Zacks Electronics - Power Generation industry [8] - The company's shares are trading at a trailing 12-month Price/Book ratio of 2.23X, significantly lower than the industry average of 9.69X [12] - The Zacks Consensus Estimate for 2026 indicates a projected loss of 59 cents per share, which has improved from a previous estimate of a 62 cents loss [14]

Core Viewpoint - A class action lawsuit has been filed against NuScale Power Corporation, alleging securities fraud that affected investors between May 13, 2025, and November 6, 2025 [1] Group 1: Allegations of Fraud - The lawsuit claims that NuScale made false statements regarding ENTRA1 Energy LLC, asserting that ENTRA1 had no significant experience in building or operating nuclear power projects [1] - It is alleged that NuScale entrusted its commercialization and deployment of its Power Modules to ENTRA1, which lacked the necessary experience in nuclear energy generation [1] - The complaint indicates that the qualifications attributed to ENTRA1 were actually related to the Habboush Group, another entity without significant nuclear power experience [1] - As a result of these misrepresentations, NuScale's commercialization strategy faced undisclosed risks, including potential failures, delays, and regulatory challenges [1] Group 2: Legal Process and Participation - Investors who suffered losses during the specified period have until April 20, 2026, to request to be appointed as lead plaintiff in the case [1] - Participation in the lawsuit does not require serving as a lead plaintiff, and class members may be entitled to compensation without any out-of-pocket costs [1] Group 3: Law Firm Background - Levi & Korsinsky, the law firm representing the investors, has a history of securing significant recoveries for shareholders and is recognized as one of the top securities litigation firms in the United States [1]

Core Viewpoint - NuScale Power Corporation is facing a class action lawsuit for alleged securities law violations, with claims that the company made materially false and misleading statements regarding its partnership with ENTRA1 Energy LLC and its commercialization strategy [1]. Group 1: Allegations - The lawsuit alleges that ENTRA1 Energy LLC had no significant experience in building, financing, or operating projects in nuclear power generation, which was not disclosed by NuScale [1]. - It is claimed that NuScale relied on ENTRA1 for the commercialization and deployment of its Power Modules, despite ENTRA1's lack of relevant experience [1]. - The qualifications attributed to ENTRA1 were actually related to the Habboush Group, a separate entity without significant nuclear power experience, leading to undisclosed risks for NuScale's commercialization strategy [1]. Group 2: Class Action Details - The class period for the lawsuit is defined as May 13, 2025, to November 6, 2025, and shareholders are encouraged to register for participation [1]. - The deadline for shareholders to seek lead plaintiff status is April 20, 2026, with no cost or obligation to participate in the case [1]. - The Gross Law Firm, representing the shareholders, emphasizes its commitment to protecting investors' rights against deceit and fraud in business practices [1].

Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of NuScale Power Corporation regarding a class action lawsuit due to allegations of misleading statements and undisclosed risks related to the company's commercialization strategy [1][3]. Group 1: Allegations - The complaint alleges that ENTRA1 Energy LLC had no significant experience in building, financing, or operating projects in nuclear power generation, which was not disclosed by NuScale [3]. - NuScale is accused of entrusting its commercialization and deployment of NuScale Power Modules to ENTRA1, an entity lacking relevant experience, exposing the company to material risks [3]. - The qualifications attributed to ENTRA1 were actually related to the Habboush Group, a separate entity without significant nuclear power experience, further misleading investors [3]. Group 2: Class Action Details - The class period for the lawsuit is from May 13, 2025, to November 6, 2025, and shareholders are encouraged to register for participation [3][4]. - The deadline for shareholders to seek lead plaintiff status is April 20, 2026, and there is no cost to participate in the case [4]. - Registered shareholders will receive updates through a portfolio monitoring software throughout the lifecycle of the case [4]. Group 3: Law Firm Information - The Gross Law Firm is a nationally recognized class action law firm dedicated to protecting investors' rights against deceit and fraud [5]. - The firm aims to ensure companies adhere to responsible business practices and seeks recovery for investors who suffered losses due to misleading statements [5].

Core Viewpoint - A class action securities lawsuit has been filed against NuScale Power Corporation, alleging securities fraud that affected investors between May 13, 2025, and November 6, 2025 [1] Group 1: Lawsuit Details - The lawsuit claims that NuScale made false statements and concealed critical information regarding ENTRA1 Energy LLC's lack of experience in building, financing, or operating significant nuclear power projects [1] - It is alleged that NuScale entrusted its commercialization and deployment of its Power Modules to ENTRA1, which lacked significant prior experience in nuclear energy generation [1] - The complaint also states that the qualifications attributed to ENTRA1 were actually related to the Habboush Group, another entity without substantial experience in nuclear power [1] - As a result of these issues, NuScale's commercialization strategy faced undisclosed risks of failure, delays, and regulatory challenges [1] Group 2: Next Steps for Investors - Investors who suffered losses in NuScale during the specified period have until April 20, 2026, to request appointment as lead plaintiff in the lawsuit [1] - Participation in the lawsuit does not require serving as a lead plaintiff to share in any potential recovery [1] - Class members may be entitled to compensation without any out-of-pocket costs or fees [1]

Core Viewpoint - A class action securities lawsuit has been filed against NuScale Power Corporation, alleging securities fraud that affected investors between May 13, 2025, and November 6, 2025 [1][2]. Group 1: Lawsuit Details - The lawsuit claims that ENTRA1 Energy LLC had no significant experience in building, financing, or operating projects in nuclear power generation, which was concealed from investors [2]. - It is alleged that NuScale entrusted its commercialization and deployment of its Power Modules to ENTRA1, despite its lack of relevant experience, exposing the company to undisclosed risks [2]. - The complaint also states that the qualifications attributed to ENTRA1 were actually related to the Habboush Group, which also lacks significant experience in nuclear power generation [2]. Group 2: Investor Information - Investors who suffered losses during the specified period have until April 20, 2026, to request to be appointed as lead plaintiff, although participation in any recovery does not require serving as a lead plaintiff [3]. - Class members may be entitled to compensation without any out-of-pocket costs or fees, indicating no financial obligation to participate in the lawsuit [3]. Group 3: Law Firm Background - Levi & Korsinsky has a history of securing hundreds of millions of dollars for shareholders and is recognized as one of the top securities litigation firms in the United States [4]. - The firm has over 70 employees dedicated to serving clients in complex securities litigation [4].

Core Viewpoint - NuScale Power Corporation is facing a securities fraud class action lawsuit due to allegations of misleading investors regarding its operational capabilities and partnerships, particularly concerning its collaboration with ENTRA1 [1] Summary by Relevant Sections Lawsuit Details - The lawsuit claims that from May 13, 2025, to November 6, 2025, NuScale failed to disclose critical information about ENTRA1, including its lack of experience in building, financing, or operating significant nuclear power projects [1] - It is alleged that NuScale entrusted its commercialization and deployment of its Power Modules, along with hundreds of millions of dollars, to ENTRA1, which lacked relevant experience in nuclear energy generation [1] - The complaint states that the qualifications attributed to ENTRA1 were actually related to the Habboush Group, a separate entity without significant nuclear power experience [1] - As a result of these undisclosed risks, NuScale's commercialization strategy was exposed to potential failures, delays, and regulatory challenges, making the company's positive statements misleading [1] Investor Participation - Investors who suffered losses related to NuScale Power Corporation are encouraged to participate in the ongoing class action lawsuit, with a lead plaintiff deadline set for April 20, 2026 [1] - Interested investors can contact the Law Offices of Frank R. Cruz for more information on how to participate [1]