Law firm Berger Montague PC has initiated an investigation into potential securities violations by NuScale Power Corporation (NYSE: SMR) following the filing of a class action lawsuit against the nuclear energy company. The litigation centers on allegations that NuScale made materially false statements regarding the experience and qualifications of its commercialization partner, ENTRA1 Energy LLC, in nuclear project development and execution.
The legal action was prompted by disclosures made by NuScale on November 6, 2025, which revealed a $495 million payment to ENTRA1 alongside a significant spike in general and administrative expenses, which reached $519 million for the period. The same disclosure reported a net loss of $532 million for the third quarter, information that preceded a 12% decline in NuScale's share price over two consecutive trading sessions.
The investigation seeks to determine whether NuScale's public statements regarding ENTRA1's qualifications and experience aligned with the company's actual knowledge at the time of disclosure. Berger Montague is accepting inquiries from investors who purchased NuScale securities during the relevant period and may have sustained losses as a result of the alleged misstatements.