NuScale Power Corporation Faces Class Action for Alleged Securities Fraud: Deadline Approaching for Investors

NuScale Power Corporation: Legal Troubles Ahead

The clock is ticking for investors in NuScale Power Corporation (NYSE: SMR), as a class action lawsuit has been initiated against the company by the national plaintiffs' law firm, Berger Montague PC. The lawsuit pertains to a period when NuScale’s shares were traded, specifically from May 13, 2025, to November 6, 2025, and it centers on allegations of securities fraud.

Investor Awareness Required

Investors who acquired NuScale securities during the specified class period have until April 20, 2026, to apply to be appointed as lead plaintiff representatives. Interested parties are encouraged to inquire about their rights and the situation surrounding the lawsuit.

NuScale, which is based in Corvallis, Oregon, develops innovative small modular nuclear reactors (SMRs) aimed at offering sustainable energy solutions. Unfortunately, the firm is now grappling with some serious accusations.

Allegations Against NuScale

The complaint lodged against NuScale claims that the company made misleading statements and failed to disclose critical information regarding its operations. Specifically, it addresses the lack of experience of its exclusive commercialization partner, ENTRA1 Energy LLC, in managing nuclear power projects. Instead, the firm allegedly misrepresented ENTRA1’s qualifications, attributing the experience to the Habboush Group—an entity with no significant background in the nuclear power sector.

Furthermore, the lawsuit indicates that NuScale's commercialization strategy is fraught with hidden risks, which shareholders were not made aware of, including potential failures, regulatory challenges, and project delays.

Significant Financial Disclosures

The tide turned for NuScale on November 6, 2025, when the company disclosed a shocking increase in general and administrative expenses, surging over 3,000% to reach $519 million in the third fiscal quarter. This spike was significantly driven by a $495 million payment to ENTRA1 in an agreement related to the Tennessee Valley Authority. As a consequence, the company reported a staggering net loss of $532 million for that quarter.

These alarming figures caused NuScale’s Class A shares to plummet more than 12% in just two trading days, diminishing from $32.46 per share on November 6 to $28.43 per share by November 10.

How to Proceed if You're an Investor

If you're an investor in NuScale Power Corporation and want to stay informed on the class action proceedings, you can get in touch with Berger Montague’s representatives: Andrew Abramowitz at [email protected] or (215) 875-3015, and Caitlin Adorni at [email protected] or (267) 764-4865.

About Berger Montague

Berger Montague is highly regarded in the realm of complex civil litigation and is well-known for its efforts in class actions and mass torts across various federal and state courts in the United States. Over its remarkable history spanning more than 55 years, the firm has successfully recovered over $50 billion for its clients, frequently taking on precedent-setting cases in sectors such as antitrust, consumer protection, environmental law, and securities fraud among others. Headquartered in Philadelphia, Berger Montague also operates offices in several key locations, including Chicago, Minneapolis, San Francisco, and Toronto.

Conclusion

As legal events unfold for NuScale Power Corporation, this situation serves as a poignant reminder for investors to stay vigilant about their investments. With the deadline approaching, affected investors should consider their options and potential next steps promptly.