NEW YORK, NY - March 6, 2026 (NEWMEDIAWIRE) - Kaplan Fox & Kilsheimer LLP announces that a class action lawsuit has been filed against NuScale Power Corporation (“NuScale” or the “Company”) (NYSE: SMR) on behalf of investors that purchased or otherwise acquired NuScale Class A common stock between May 13, 2025 and November 6, 2025 (the “Class Period”).
If you are an investor in NuScale and have suffered losses, you may CLICK HERE to contact us. You may also contact Kaplan Fox by emailing pmayer@kaplanfox.com or by calling (646) 315-9003.
DEADLINE REMINDER: If you are a member of the proposed Class, you may move the court no later than April 20, 2026 to serve as a lead plaintiff for the purported class. If you have losses we encourage you to contact us to learn more about the lead plaintiff process. You need not seek to become a lead plaintiff in order to share in any possible recovery.
According to the Complaint, “on November 6, 2025, NuScale surprised investors by revealing that the Company’s general and administrative expenses had ballooned more than 3,000% to $519 million during its third fiscal quarter, up from $17 million in the prior year period[.]” This significant increase was allegedly “due largely to NuScale’s payment of $495 million to ENTRA1 for its TVA agreement[.]” As a result, the Complaint alleges the Company’s “quarterly net loss skyrocketed to $532 million, up from $46 million in the prior year period.”
Following this news, NuScale shares fell more than 12% over two trading days, to close at $28.43 per share on November 10, 2025.
The Complaint alleges, among other things, that throughout the Class Period, Defendants made false and/or misleading statements and/or failed to disclose that (i) ENTRA1 Energy LLC ("ENTRA1") had never built, financed, or operated any significant projects - let alone projects in the highly technical and complicated field of nuclear power generation during its entire operating history; (ii) NuScale had entrusted its commercialization, distribution, and deployment of its NPMs, or NuScale Power Modules, and hundreds of millions of dollars of NuScale capital to an entity that lacked any significant prior experience owning, financing, or operating nuclear energy generation facilities; (iii) the purported experience and qualifications attributed to ENTRA1 by Defendants during the Class Period in fact referred to the purported experience and qualifications of the principals of the Habboush Group, a distinct entity without significant experience in the field of nuclear power generation; and (iv) as a result, NuScale's commercialization strategy was exposed to material, undisclosed risks of failure, delays, regulatory challenges, or other negative setbacks.
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If you have any questions about this Notice, your rights, or your interests, please contact:
CONTACT:
Pamela A. Mayer
KAPLAN FOX & KILSHEIMER LLP
800 Third Avenue, 38th Floor
New York, New York 10022
(646) 315-9003
pmayer@kaplanfox.com
Laurence D. King
KAPLAN FOX & KILSHEIMER LLP
1999 Harrison Street, Suite 1501
Oakland, California 94612
(415) 772-4704
lking@kaplanfox.com
Contacting or submitting information to Kaplan Fox & Kilsheimer LLP does not create an attorney-client relationship, nor an obligation on the part of Kaplan Fox to retain you as a client.
https://www.kaplanfox.com/case/nuscale-power-corporation-shareholder-alert-learn-more-now/
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