NuScale Power Faces Securities Fraud Class Action Lawsuit
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1 hour ago
0mins
Should l Buy SMR?
Source: Businesswire
- Lawsuit Background: Kessler Topaz Meltzer & Check, LLP has filed a securities fraud class action against NuScale Power Corporation on behalf of investors who purchased Class A common stock between May 13, 2025, and November 6, 2025, raising serious concerns about the company's financial transparency.
- Expense Surge: NuScale reported a staggering 3,000% increase in general and administrative expenses to $519 million in Q3 2025, primarily due to a $495 million payment to ENTRA1, resulting in a quarterly net loss skyrocketing to $532 million, highlighting significant risks in financial management.
- Stock Price Decline: Following the earnings report, NuScale's Class A common stock price plummeted by 14.4% from $37.91 on November 5, 2025, to $32.46, indicating a strong market reaction to the company's financial condition, which could impact future financing capabilities.
- Investor Action: Investors are encouraged to apply for lead plaintiff status by April 20, 2026, reflecting concerns over corporate governance and financial transparency, which may influence the company's future legal and financial strategies.
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Analyst Views on SMR
Wall Street analysts forecast SMR stock price to rise
13 Analyst Rating
5 Buy
6 Hold
2 Sell
Hold
Current: 13.440
Low
18.50
Averages
32.77
High
60.00
Current: 13.440
Low
18.50
Averages
32.77
High
60.00
About SMR
NuScale Power Corporation is a provider of proprietary advanced small modular reactor nuclear technology. The NuScale Power Module, the Company's SMR technology, is a small pressurized water reactor that can generate 77 megawatts of electricity (MWe) or 250 megawatts thermal (gross) and can be scaled to meet customer needs through an array of flexible configurations of up to 924 MWe (12 modules) of output. In addition to the sale of NPMs, it offers a diversified suite of services throughout the development and operating life of the power plant. The Company's suite of services is planned to include licensing support, testing, training, fuel supply services and program management, among others. It serves a range of customers consisting of governments, political subdivisions, state-owned enterprises, investor-owned utilities and other technology and industrial companies, both in domestic and international markets.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Stanmore Resources Achieves Record Production and Strong Shareholder Returns
- Record Production: Stanmore Resources Ltd achieved a record production of 14 million tons in 2025, translating into strong sales performance that significantly boosted revenue growth for the company.
- Low-Cost Operations: The company maintained low FOB cash costs at $87.8 per ton, within the revised guidance range, ensuring profitability in a competitive market environment.
- Strong Cash Flow: The underlying EBITDA for 2025 reached $385 million, supporting robust cash flow generation while keeping net debt at a low $33 million, indicating a healthy financial position.
- Shareholder Returns: A final dividend of 8.9 US cents per share was declared, totaling $80 million, reflecting strong returns to shareholders and further enhancing investor confidence.
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NuScale Power Faces Class Action Lawsuit Over Securities Fraud
- Lawsuit Background: NuScale Power Corporation is facing a class action lawsuit for making misleading statements during the period from May 13 to November 6, 2025, with investors having until April 20, 2026, to file a lead plaintiff motion, highlighting significant deficiencies in the company's transparency and compliance.
- Financial Losses: The company's general and administrative expenses surged over 3,000% to $519 million in Q3 2025, resulting in a quarterly net loss of $532 million, a stark increase from $46 million in the prior year, indicating a severe deterioration in its financial health.
- Market Reaction: Following the earnings announcement, NuScale's stock price fell by $4.03, or 12.4%, over two consecutive trading days to close at $28.43 per share, causing substantial losses for investors and reflecting a significant lack of confidence in the company's future prospects.
- Risk Disclosure: The lawsuit alleges that NuScale failed to disclose that its partner, ENTRA1 Energy LLC, lacked relevant experience, exposing the company's commercialization strategy to substantial risks, which severely undermined investor confidence and could impact its long-term growth.
See More
Fluor Sells 71 Million Shares of NuScale Power for $1.35 Billion
- Large Stock Sale: On February 13, 2026, Fluor Corp sold 71 million shares of NuScale Power for approximately $1.35 billion, marking a significant increase compared to its previous maximum sale of 4.57 million shares, highlighting its focus on investment returns.
- Substantial Ownership Reduction: This transaction reduced Fluor's indirect holdings in NuScale from about 111 million shares to approximately 40 million shares, representing a 63.73% decrease, which significantly weakens Fluor's control and may impact future strategic decisions regarding NuScale.
- Ongoing Economic Interest: Despite the substantial reduction in holdings, Fluor retains 40,400,219 shares of convertible Class A common stock, indicating that it still has economic exposure to NuScale's equity performance, allowing for potential future gains.
- Investor Confidence Maintenance: Fluor's management has reassured investors that the stock sale does not reflect a loss of confidence in NuScale but rather aims to enhance financial flexibility for organic growth and strategic acquisitions, with plans to complete the divestment of remaining shares by the end of Q2 2026.
See More
Fluor Sells Majority Stake in NuScale Power
- Share Sale Overview: On February 13, 2026, Fluor Corp. sold 71 million shares of NuScale common stock for approximately $1.35 billion, representing 64% of Fluor's total holdings in NuScale, reducing its indirect stake from about 111.4 million shares to approximately 40.4 million shares.
- Investor Reassurance: Despite concerns over this significant divestment, Fluor has reassured NuScale shareholders that they need not panic, as Fluor will continue its partnership with NuScale and plans to fully monetize its investment by the end of Q2 2026.
- Enhanced Financial Flexibility: Fluor's CFO stated that through the ongoing monetization of its NuScale investment, the company has enhanced its financial flexibility to drive organic growth, pursue M&A opportunities, and continue share repurchases, reflecting confidence in future developments.
- Future Outlook: Fluor plans to sell an additional 40 million shares shortly, allowing NuScale shareholders to refocus on the company's long-term strategy aimed at commercializing its localized nuclear power modules.
See More
NuScale Power Faces Securities Fraud Class Action Lawsuit
- Lawsuit Background: Kessler Topaz Meltzer & Check, LLP has filed a securities fraud class action against NuScale Power Corporation on behalf of investors who purchased Class A common stock between May 13, 2025, and November 6, 2025, raising serious concerns about the company's financial transparency.
- Expense Surge: NuScale reported a staggering 3,000% increase in general and administrative expenses to $519 million in Q3 2025, primarily due to a $495 million payment to ENTRA1, resulting in a quarterly net loss skyrocketing to $532 million, highlighting significant risks in financial management.
- Stock Price Decline: Following the earnings report, NuScale's Class A common stock price plummeted by 14.4% from $37.91 on November 5, 2025, to $32.46, indicating a strong market reaction to the company's financial condition, which could impact future financing capabilities.
- Investor Action: Investors are encouraged to apply for lead plaintiff status by April 20, 2026, reflecting concerns over corporate governance and financial transparency, which may influence the company's future legal and financial strategies.
See More
NuScale Power Faces Class Action Lawsuit Over Securities Violations
- Class Action Initiated: Bronstein, Gewirtz & Grossman, LLC has announced a class action lawsuit against NuScale Power and its executives, seeking damages for investors who purchased NuScale securities between May 13, 2025, and November 10, 2025, highlighting significant investor concerns regarding corporate transparency.
- Allegations of False Statements: The complaint alleges that defendants made false and/or misleading statements during the class period and failed to disclose ENTRA1's lack of experience in the nuclear energy sector, exposing NuScale's commercialization strategy to substantial undisclosed risks, which could undermine investor confidence.
- Investor Rights Protection: Investors are encouraged to apply to be lead plaintiffs by April 20, 2026, indicating a strong commitment from the legal team to protect investor rights while reflecting uncertainties surrounding NuScale's future developments.
- No-Cost Legal Commitment: Bronstein, Gewirtz & Grossman, LLC offers legal services on a contingency fee basis, meaning they will only charge fees if they successfully recover losses, thereby enhancing investor confidence in participating in the lawsuit.
See More
Stanmore Resources Achieves Record Production and Strong Shareholder Returns
- Record Production: Stanmore Resources Ltd achieved a record production of 14 million tons in 2025, translating into strong sales performance that significantly boosted revenue growth for the company.
- Low-Cost Operations: The company maintained low FOB cash costs at $87.8 per ton, within the revised guidance range, ensuring profitability in a competitive market environment.
- Strong Cash Flow: The underlying EBITDA for 2025 reached $385 million, supporting robust cash flow generation while keeping net debt at a low $33 million, indicating a healthy financial position.
- Shareholder Returns: A final dividend of 8.9 US cents per share was declared, totaling $80 million, reflecting strong returns to shareholders and further enhancing investor confidence.
See More
NuScale Power Faces Class Action Lawsuit Over Securities Fraud
- Lawsuit Background: NuScale Power Corporation is facing a class action lawsuit for making misleading statements during the period from May 13 to November 6, 2025, with investors having until April 20, 2026, to file a lead plaintiff motion, highlighting significant deficiencies in the company's transparency and compliance.
- Financial Losses: The company's general and administrative expenses surged over 3,000% to $519 million in Q3 2025, resulting in a quarterly net loss of $532 million, a stark increase from $46 million in the prior year, indicating a severe deterioration in its financial health.
- Market Reaction: Following the earnings announcement, NuScale's stock price fell by $4.03, or 12.4%, over two consecutive trading days to close at $28.43 per share, causing substantial losses for investors and reflecting a significant lack of confidence in the company's future prospects.
- Risk Disclosure: The lawsuit alleges that NuScale failed to disclose that its partner, ENTRA1 Energy LLC, lacked relevant experience, exposing the company's commercialization strategy to substantial risks, which severely undermined investor confidence and could impact its long-term growth.
See More
Fluor Sells 71 Million Shares of NuScale Power for $1.35 Billion
- Large Stock Sale: On February 13, 2026, Fluor Corp sold 71 million shares of NuScale Power for approximately $1.35 billion, marking a significant increase compared to its previous maximum sale of 4.57 million shares, highlighting its focus on investment returns.
- Substantial Ownership Reduction: This transaction reduced Fluor's indirect holdings in NuScale from about 111 million shares to approximately 40 million shares, representing a 63.73% decrease, which significantly weakens Fluor's control and may impact future strategic decisions regarding NuScale.
- Ongoing Economic Interest: Despite the substantial reduction in holdings, Fluor retains 40,400,219 shares of convertible Class A common stock, indicating that it still has economic exposure to NuScale's equity performance, allowing for potential future gains.
- Investor Confidence Maintenance: Fluor's management has reassured investors that the stock sale does not reflect a loss of confidence in NuScale but rather aims to enhance financial flexibility for organic growth and strategic acquisitions, with plans to complete the divestment of remaining shares by the end of Q2 2026.
See More
Fluor Sells Majority Stake in NuScale Power
- Share Sale Overview: On February 13, 2026, Fluor Corp. sold 71 million shares of NuScale common stock for approximately $1.35 billion, representing 64% of Fluor's total holdings in NuScale, reducing its indirect stake from about 111.4 million shares to approximately 40.4 million shares.
- Investor Reassurance: Despite concerns over this significant divestment, Fluor has reassured NuScale shareholders that they need not panic, as Fluor will continue its partnership with NuScale and plans to fully monetize its investment by the end of Q2 2026.
- Enhanced Financial Flexibility: Fluor's CFO stated that through the ongoing monetization of its NuScale investment, the company has enhanced its financial flexibility to drive organic growth, pursue M&A opportunities, and continue share repurchases, reflecting confidence in future developments.
- Future Outlook: Fluor plans to sell an additional 40 million shares shortly, allowing NuScale shareholders to refocus on the company's long-term strategy aimed at commercializing its localized nuclear power modules.
See More
NuScale Power Faces Securities Fraud Class Action Lawsuit
- Lawsuit Background: Kessler Topaz Meltzer & Check, LLP has filed a securities fraud class action against NuScale Power Corporation on behalf of investors who purchased Class A common stock between May 13, 2025, and November 6, 2025, raising serious concerns about the company's financial transparency.
- Expense Surge: NuScale reported a staggering 3,000% increase in general and administrative expenses to $519 million in Q3 2025, primarily due to a $495 million payment to ENTRA1, resulting in a quarterly net loss skyrocketing to $532 million, highlighting significant risks in financial management.
- Stock Price Decline: Following the earnings report, NuScale's Class A common stock price plummeted by 14.4% from $37.91 on November 5, 2025, to $32.46, indicating a strong market reaction to the company's financial condition, which could impact future financing capabilities.
- Investor Action: Investors are encouraged to apply for lead plaintiff status by April 20, 2026, reflecting concerns over corporate governance and financial transparency, which may influence the company's future legal and financial strategies.
See More
NuScale Power Faces Class Action Lawsuit Over Securities Violations
- Class Action Initiated: Bronstein, Gewirtz & Grossman, LLC has announced a class action lawsuit against NuScale Power and its executives, seeking damages for investors who purchased NuScale securities between May 13, 2025, and November 10, 2025, highlighting significant investor concerns regarding corporate transparency.
- Allegations of False Statements: The complaint alleges that defendants made false and/or misleading statements during the class period and failed to disclose ENTRA1's lack of experience in the nuclear energy sector, exposing NuScale's commercialization strategy to substantial undisclosed risks, which could undermine investor confidence.
- Investor Rights Protection: Investors are encouraged to apply to be lead plaintiffs by April 20, 2026, indicating a strong commitment from the legal team to protect investor rights while reflecting uncertainties surrounding NuScale's future developments.
- No-Cost Legal Commitment: Bronstein, Gewirtz & Grossman, LLC offers legal services on a contingency fee basis, meaning they will only charge fees if they successfully recover losses, thereby enhancing investor confidence in participating in the lawsuit.
See More
