Lawsuit Alert: Investors in NuScale Power Corporation (NYSE: SMR) shares should contact the Shareholders Foundation

An investor, who purchased shares of NuScale Power Corporation (NYSE: SMR), filed a lawsuit over alleged violations of Federal Securities Laws by NuScale Power Corporation in connection with certain allegedly false and misleading statements.

Investors who purchased shares of NuScale Power Corporation (NYSE: SMR) have certain options and for certain investors are short and strict deadlines running. Deadline: April 20, 2026. NYSE: SMR investors should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

Covallis, OR based NuScale Power Corporation provides small modular reactor technology solutions. NuScale Power Corporation entered into a global commercialization partnership with ENTRA1 Energy LLC and NuScale and its executives claimed that this critical partnership would allow NuScale to take its NPM technology from the development stage to deployment. NuScale's reliance on ENTRA1 as an exclusive commercialization partner appeared to be validated when, on September 2, 2025, ENTRA1 and the Tennessee Valley Authority ("TVA") jointly announced an agreement to develop power plants to provide the TVA with up to six gigawatts of new nuclear power generation.

On November 6, 2025 NuScale Power Corporation revealed that NuScale'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, due largely to NuScale's payment of $495 million to ENTRA1 for its TVA agreement. As a result, NuScale's quarterly net loss skyrocketed to $532 million, up from $46 million in the prior year period. During the corresponding conference call, analysts pressed NuScale management regarding whether ENTRA1 was sufficiently experienced to own and operate the energy generation facilities contemplated by the TVA agreement. NuScale's CEO, defendant John L. Hopkins, further revealed during the call that the agreement between ENTRA1 and TVA contemplated as many as 72 NPMs, meaning NuScale's milestone payments to ENTRA1 could potentially exceed more than $3 billion.

Shares of NuScale Power Corporation (NYSE: SMR) declined from $57.42 per share on October 16, 2025, to as low as $16.96 per share on November 21, 2025.

The plaintiff claims that between May 13, 2025 and November 6, 2025, the defendants made false and/or misleading statements and/or failed to disclose 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, that NuScale had entrusted its commercialization, distribution, and deployment of its NPMs 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, that the purported experience and qualifications attributed to ENTRA1 by defendants between May 13, 2025 and November 6, 2025in 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 that as a result, NuScale's commercialization strategy was exposed to material, undisclosed risks of failure, delays, regulatory challenges, or other negative setbacks.

Those who purchased shares of NuScale Power Corporation (NYSE: SMR) have certain options and should contact the Shareholders Foundation.

Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

This release was published on openPR.