A securities class action has been filed against NuScale Power Corporation (SMR) on behalf of all persons who purchased or otherwise acquired NuScale Power securities between February 27, 2026 through September 10, 2026. This case has been filed in the USDC – OR.
According to the complaint, during the Class Period, defendants failed to disclose that:
(i)
they overstated NuScale’s purported “first mover” competitive advantage;
(ii)
they overstated NuScale’s ability to generate revenue from either the RoPower Project or any work for the TVA;
(iii)
the Company’s commercial prospects, including its remaining cash runway, were therefore likewise overstated; and
(iv)
as a result, defendants’ public statements were materially false and misleading at all relevant times.
Why Did NuScale Stock Drop?
Plaintiff alleges that on September 11, 2026, UBS downgraded NuScale from “Neutral” to “Sell” and lowered its price target from $10 to $6. UBS opined that NuScale was rapidly losing its “first-mover” advantage in SMR technology to faster-moving competitors. UBS also flagged a lengthy five-year build timeline, a critical lack of firm customer commitments, and projected a massive $700 million in negative free cash flow between 2026 and 2028. The report also described stagnating progress regarding NuScale’s RoPower Project and the risk that the TVA would not ultimately move forward with NuScale.
On this news, NuScale’s stock price fell $1.60 per share, or 15.67%, to close at $8.61 per share on September 11, 2026.