PHILADELPHIA, March 25, 2026 /PRNewswire/ — National plaintiffs’ law firm Berger Montague PC announces that a class action lawsuit has been filed against NuScale Power Corporation (NYSE: SMR) (“NuScale” or the “Company”) on behalf of investors who purchased or otherwise acquired NuScale securities during the period from May 13, 2025 through November 6, 2025 (the “Class Period”).
Investor Deadline: Investors who purchased NuScale securities during the Class Period may, no later than April 20, 2026, seek to be appointed as a lead plaintiff representative of the class. To learn your rights, CLICK HERE.
NuScale, headquartered in Corvallis, Oregon, develops small modular nuclear reactors (SMRs) and innovative nuclear energy solutions for global power generation. Its core technology, the NuScale Power Module (“NPM”), is designed to generate energy within a broader power plant.
The Complaint alleges that during the Class Period, Defendants made false and/or misleading statements and/or failed to disclose that: (i) NuScale’s exclusive commercialization partner, ENTRA1 Energy LLC, had no meaningful experience in owning, financing, or operating nuclear power projects; (ii) the purported experience and qualifications attributed to ENTRA1 actually referred to principals of the Habboush Group, a distinct entity without significant nuclear energy experience; and (iii) NuScale’s commercialization strategy was exposed to undisclosed risks of failure, delays, regulatory challenges, and other setbacks.
According to the lawsuit, the truth was revealed on November 6, 2025, when NuScale disclosed that general and administrative expenses had surged more than 3,000% to $519 million for the third fiscal quarter, primarily due to a $495 million payment to ENTRA1 under an agreement with the Tennessee Valley Authority. The Company also revealed that its net loss skyrocketed to $532 million for the quarter.
On this news, NuScale Class A shares declined more than 12% over a two-day trading period, from a closing price of $32.46 per share on November 6, 2025 to a close of $28.43 per share on November 10.
If you are an NuScale investor and would like to learn more about this action, CLICK HERE or please contact Berger Montague: Andrew Abramowitz at aabramowitz@bergermontague.com or (215) 875-3015, or Caitlin Adorni at cadorni@bergermontague.com or (267)764-4865.
About Berger Montague
Berger Montague is one of the nation’s preeminent law firms focusing on complex civil litigation, class actions, and mass torts in federal and state courts throughout the United States. With more than $2.4 billion in 2025 post-trial judgments alone, the Firm is a leader in the fields of complex litigation, antitrust, consumer protection, defective products, environmental law, employment law, securities, and whistleblower cases, among many other practice areas. For over 55 years, Berger Montague has played leading roles in precedent-setting cases and has recovered over $50 billion for its clients and the classes they have represented. Berger Montague is headquartered in Philadelphia and has offices in Chicago; Malvern, PA; Minneapolis; San Diego; San Francisco; Toronto, Canada; Washington, D.C., and Wilmington, DE.
For more information or to discuss your rights, please contact:
Andrew Abramowitz
Berger Montague
(215) 875-3015
aabramowitz@bergermontague.com
Caitlin Adorni
Berger Montague
(267) 764-4865
cadorni@bergermontague.com
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SOURCE Berger Montague
