NuScale Power Faces Securities Fraud Lawsuit

Investors Alerted to Contact BFA Law Over Alleged Misrepresentations About ENTRA1

Mar. 16, 2026 at 11:13am

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A securities fraud class action lawsuit has been filed against NuScale Power Corporation (NYSE:SMR) and certain of the company's senior executives. The lawsuit alleges that NuScale misrepresented the experience and capabilities of ENTRA1 Energy LLC, a partner responsible for constructing power generation facilities incorporating NuScale's nuclear power modules. This allegedly led to a 12.4% stock drop for NuScale.

Why it matters

The lawsuit raises concerns about NuScale's transparency and accountability to investors regarding its key business partnerships and the capabilities of its collaborators. The allegations, if proven true, could undermine investor confidence in NuScale's growth strategy and the viability of its nuclear power technology.

The details

The class action lawsuit, filed in the U.S. District Court for the District of Oregon, alleges that NuScale executives misrepresented ENTRA1's experience and qualifications. According to the complaint, ENTRA1 had never actually built, financed, or operated any significant project, contrary to NuScale's claims that it was an 'independent power plant development platform' led by 'energy, infrastructure, and finance sector veterans.' The lawsuit claims these misrepresentations led to a 12.4% drop in NuScale's stock price on November 10, 2025.

  • The class action lawsuit was filed on March 16, 2026.
  • The lead plaintiff deadline is April 20, 2026.
  • The alleged stock drop of 12.4% occurred on November 10, 2025.

The players

NuScale Power Corporation

A nuclear technology company that develops small modular nuclear reactors.

ENTRA1 Energy LLC

A partner of NuScale responsible for constructing power generation facilities incorporating NuScale's nuclear power modules.

Wadie Habboush

The principal of ENTRA1 Energy LLC, described as an investor and entrepreneur.

Bleichmar Fonti & Auld LLP

The law firm representing the plaintiffs in the securities fraud class action lawsuit against NuScale.

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What’s next

The judge in the case will decide on April 20, 2026 whether to appoint a lead plaintiff to represent the class of NuScale investors.

The takeaway

This lawsuit highlights the importance of transparency and accurate disclosures from public companies, especially those in complex and high-stakes industries like nuclear power. Investors will be closely watching the outcome of this case and its potential impact on NuScale's future.