Overview

A class action lawsuit has been filed against NuScale Power Corporation (“NuScale” or the “Company”) (NYSE : SMR) and certain of the Company’s senior executive officers alleging violations of the federal securities laws. The NuScale lawsuit is brought on behalf of all persons and entities who purchased or otherwise acquired NuScale securities between May 13, 2025, and November 6, 2025, inclusive (the “Class Period”). Investors have until April 20, 2026, to seek appointment as lead plaintiff of the NuScale class action lawsuit.

NuScale is a nuclear technology company focused on scalable, modular reactors. NuScale’s core technology, the NuScale Power Module (“NPM”), is a small modular nuclear reactor (“SMR”) designed to generate energy within a broader power plant. Prior to the start of the Class Period, NuScale entered into a global commercialization partnership with ENTRA1 Energy LLC (“ENTRA1”). NuScale and its executives claimed that this critical partnership would allow the Company to take its NPM technology from the development stage to deployment, enabling NuScale’s NPMs to serve as meaningful, revenue-generating components in power plants.

The complaint alleges that Defendants made false and misleading statements and omitted material information from investors, including: (a) that 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; (b) that NuScale had entrusted its commercialization, distribution, and deployment of its NPMs and hundreds of millions of dollars of Company capital to an entity that lacked any significant prior experience owning, financing, or operating nuclear energy generation facilities; and (c) that 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.

The truth was revealed on November 6, 2025, when NuScale surprised investors by revealing that the Company’s general and administrative expenses had ballooned more than 3,000% to $519 million during the third quarter, up from $17 million in the prior year period, due largely to NuScale’s payment of $495 million to ENTRA1 for a certain engagement. As a result, NuScale’s quarterly net loss skyrocketed to $532 million, up from $46 million in the prior year period. 

On this news, the price of NuScale Class A shares declined more than 12% over a two-day trading period from approximately $32 per share on November 6, 2025, to approximately $28 per share on November 10, 2025.

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If you purchased or otherwise acquired NuScale securities between May 13, 2025, and November 6, 2025, and you wish to serve as lead plaintiff in this lawsuit, you are encouraged to submit your information to DiCello Levitt LLP via the form on this page. 

You can also contact DiCello Levitt attorneys Brian O’Mara and Hani Farah by calling (888) 287-9005 or at investors@dicellolevitt.com. 

The deadline to apply to the Court to serve as a lead plaintiff in the NuScale class action lawsuit is April 20, 2026.