NuScale Investors Alerted to Securities Fraud Lawsuit

BFA Law Firm Announces Pending Class Action Against NuScale Power Corporation

Mar. 2, 2026 at 4:39pm

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Leading securities law firm Bleichmar Fonti & Auld LLP has announced a class action lawsuit against NuScale Power Corporation and certain of the company's senior executives for securities fraud. The lawsuit alleges that NuScale misrepresented the experience and capabilities of its partner ENTRA1 Energy LLC, which was responsible for constructing power generation facilities incorporating NuScale's nuclear power modules.

Why it matters

The lawsuit alleges that NuScale's misleading statements about ENTRA1's capabilities led to a significant 12.4% stock drop in November 2025, causing losses for investors. This case highlights the importance of transparency and accurate disclosures by public companies, especially in the complex and highly regulated nuclear power industry.

The details

The class action lawsuit alleges that NuScale falsely claimed ENTRA1 was an "independent power plant development platform" with an experienced executive team, when in reality ENTRA1 had never built, financed, or operated any significant project, let alone in the nuclear power field. NuScale's disclosure of a $495 million payment to ENTRA1 and acknowledgment that ENTRA1 lacked nuclear experience triggered the stock drop.

  • The class action lawsuit was filed in the U.S. District Court for the District of Oregon.
  • The lead plaintiff deadline is April 20, 2026.

The players

Bleichmar Fonti & Auld LLP

A leading international law firm representing plaintiffs in securities class actions and shareholder litigation.

NuScale Power Corporation

A nuclear technology company that develops small modular nuclear reactors.

ENTRA1 Energy LLC

A company that was responsible for constructing power generation facilities incorporating NuScale's nuclear power modules, but allegedly lacked the experience and capabilities claimed by NuScale.

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What they’re saying

“ENTRA1 is a '3-year old company that has never built, financed or operated anything' and had just '3 employees and 1 investor,' and stated a 'more accurate description of ENTRA1 would be that it is an entity supporting the activities of a single individual, specifically Mr. Habboush.'”

— Guggenheim Securities, LLC, Analyst

What’s next

The judge in the case will decide on April 20, 2026 whether to allow the class action lawsuit to proceed.

The takeaway

This case highlights the importance of public companies providing accurate and transparent information to investors, especially in highly technical and regulated industries like nuclear power. Investors will be closely watching the outcome of this lawsuit and its implications for corporate accountability.