Faruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses In NuScale Power To Contact Him Directly To Discuss Their Options

If you purchased or acquired securities in NuScale Power between February 27, 2026 and September 10, 2026 and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310).

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New York, New York--(Newsfile Corp. - November 13, 2026) - Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against NuScale Power Corporation ("NuScale Power" or the "Company") (NYSE: SMR) and reminds investors of the January 11, 2027 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company.

Faruqi & Faruqi is a leading national securities law firm with offices in New York, Pennsylvania, California and Georgia. The firm has recovered hundreds of millions of dollars for investors since its founding in 1995. See www.faruqilaw.com.

As detailed below, the complaint alleges that the Company and its executives violated federal securities laws by making false and/or misleading statements and/or failing to disclose that: (1) Defendants overstated NuScale's purported "first mover" competitive advantage; (2) Defendants overstated NuScale's ability to generate revenue from either the RoPower Project or any work for the TVA; (3) the Company's commercial prospects, including its remaining cash runway, were therefore likewise overstated; and (4) as a result, Defendants' public statements were materially false and misleading at all relevant times.

On September 11, 2026, UBS downgraded NuScale from "Neutral" to "Sell" and lowered its price target from $10 to $6, opining that NuScale was rapidly losing its "first-mover" advantage in SMR technology to faster-moving competitors, flagging a lengthy five-year build timeline, a critical lack of firm customer commitments, and a projected $700 million in negative free cash flow between 2026 and 2028, and describing stagnating progress on the 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.

The court-appointed lead plaintiff is the investor with the largest financial interest in the relief sought by the class who is adequate and typical of class members who directs and oversees the litigation on behalf of the putative class. Any member of the putative class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member. Your ability to share in any recovery is not affected by the decision to serve as a lead plaintiff or not.

Faruqi & Faruqi, LLP also encourages anyone with information regarding NuScale Power's conduct to contact the firm, including whistleblowers, former employees, shareholders and others.

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Frequently Asked Questions (FAQ) for Investors Regarding the NuScale Power Securities Class Action Lawsuit:

What is the NuScale Power securities fraud lawsuit about?

The lawsuit alleges that NuScale Power Corporation (NYSE: SMR) and certain of its officers made materially false and misleading public statements between February 27, 2026 and September 10, 2026. The complaint alleges that Defendants overstated NuScale's purported "first mover" competitive advantage, and overstated the Company's ability to generate revenue from either the RoPower Project or any work for the TVA. As a result, the Company's commercial prospects, including its remaining cash runway, were allegedly overstated as well. The complaint alleges that, for these reasons, Defendants' public statements were materially false and misleading at all relevant times.

Who may be eligible to participate in the lawsuit?

Investors who purchased NuScale Power securities on the NYSE under the ticker symbol SMR between February 27, 2026 and September 10, 2026, inclusive, may be eligible to participate in the lawsuit. Those who purchased during this period and who believe they were affected by the conduct alleged in the complaint may wish to seek more information about their rights. Participation is not limited to those who apply to serve as lead plaintiff. Eligible investors may be able to share in any potential recovery without taking on that role.

What is a lead plaintiff, and how can I seek appointment?

A lead plaintiff is a investor, or group of investors, appointed by the court to oversee the litigation and represent the interests of the class. The lead plaintiff typically selects counsel and makes key decisions on behalf of the proposed class, subject to court approval. Investors seeking appointment must file a motion with the court by the lead plaintiff deadline of January 11, 2027. The court will then decide which applicant is best suited to serve in that role. Investors do not need to serve as lead plaintiff to share in any potential recovery, and class members may remain absent class members.

Why should investors contact Faruqi & Faruqi, LLP?

Faruqi & Faruqi, LLP has represented investors in securities litigation for decades and has recovered hundreds of millions of dollars for shareholders. Investors who purchased NuScale Power securities during the Class Period may contact the firm to discuss their legal rights, potential claims, and the lead plaintiff process at no cost or obligation.

Attorney Advertising. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP (www.faruqilaw.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter. We welcome the opportunity to discuss your particular case. All communications will be treated in a confidential manner.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/323798

Source: Faruqi & Faruqi LLP