SMR
Another day, another court date
NuScale Power is back in the legal hot seat. Pomerantz LLP says it filed a class action alleging the company and some of its officers and directors engaged in securities fraud or other unlawful business practices.
What’s the beef?
The complaint centers on NuScale’s November 6, 2025 disclosure that general and administrative expenses had exploded to $519 million in the third quarter, up from $17 million a year earlier. A big chunk of that—$495 million—was tied to a payment to ENTRA1 Energy under an agreement connected to nuclear power plants for the Tennessee Valley Authority.
Why investors should care
This is the kind of news that keeps a stock in the penalty box. The complaint says NuScale’s quarterly net loss ballooned to $532 million, and it points to the possibility of even bigger milestone payments down the road, potentially north of $3 billion. That’s a lot of zeroes, and a lot of uncertainty, which is not exactly what growth investors order with their morning coffee.
The clock is ticking
The notice also says investors have until April 20, 2026 to ask the court to appoint them lead plaintiff if they bought NuScale securities during the class period. So yes, there’s a lawsuit, but also the usual legal-ad hustle wrapped around it.
Big picture: NuScale is still trying to sell the market on its nuclear future while lawyers keep reminding everyone about the bill.