Kessler Topaz Meltzer & Check Encourages SMR Investors to Contact Firm

Securities fraud class action lawsuit filed against NuScale Power Corporation

Mar. 17, 2026 at 2:05am

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A securities fraud class action lawsuit has been filed against NuScale Power Corporation (NYSE: SMR) on behalf of those who purchased or acquired NuScale Class A common stock between May 13, 2025, and November 6, 2025. The lawsuit alleges that NuScale made material misstatements and/or omissions concerning the company's commercialization strategy for its nuclear power generation projects and development.

Why it matters

The lawsuit alleges that NuScale entrusted its commercialization, distribution, and deployment of its NuScale Power Module to an entity, ENTRA1 Energy LLC, that lacked any significant prior experience owning, financing, or operating nuclear energy generation facilities. This exposed NuScale's commercialization strategy to material, undisclosed risks of failure, delays, regulatory challenges, or other negative setbacks.

The details

The complaint alleges that throughout the Class Period, NuScale made false and/or misleading statements and/or failed to disclose that: (1) ENTRA1 Energy LLC had never built, financed, or operated any significant projects in the highly technical and complicated field of nuclear power generation; (2) NuScale had entrusted its commercialization, distribution, and deployment of its NuScale Power Module and hundreds of millions of dollars of NuScale capital to an entity that lacked any significant prior experience; and (3) the purported experience and qualifications attributed to ENTRA1 by NuScale in fact referred to the purported experience and qualifications of the principals of the Habboush Group, a distinct entity without significant experience in nuclear power generation.

  • The Class Period is from May 13, 2025, through November 6, 2025.
  • The deadline to file for lead plaintiff status is April 20, 2026.

The players

NuScale Power Corporation

A company that develops and commercializes small modular nuclear reactor (SMR) technology.

ENTRA1 Energy LLC

An entity that lacked any significant prior experience owning, financing, or operating nuclear energy generation facilities, but was entrusted by NuScale with the commercialization, distribution, and deployment of its NuScale Power Module.

Habboush Group

A distinct entity without significant experience in the field of nuclear power generation, but whose purported experience and qualifications were attributed to ENTRA1 by NuScale.

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What they’re saying

“If you purchased or acquired NuScale Class A common stock and have lost money on your investment, you are encouraged to contact KTMC attorney Jonathan Naji, Esq.”

— Jonathan Naji, Attorney, Kessler Topaz Meltzer & Check, LLP

What’s next

Investors have until April 20, 2026, to file for lead plaintiff status in the class action lawsuit against NuScale Power Corporation.

The takeaway

This case highlights the risks associated with a company entrusting its critical operations to an entity with limited experience in the field, and the importance of transparency and accountability in the nuclear power industry.