SMR - Nuclear Expert Blasts NuScale (SMR) Amid Investor Suit Arising From Cancelled Idaho Project – Hagens Berman | Benzinga

SAN FRANCISCO, Dec. 25, 2023 (GLOBE NEWSWIRE) -- Hagens Berman urges NuScale Power Corporation (NYSE:SMR) investors who suffered substantial losses to submit your losses now.

Class Period: Mar. 15, 2023 – Nov. 8, 2023
Lead Plaintiff Deadline: Jan. 16, 2024
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NuScale Power Corporation (NYSE:SMR) Securities Fraud Class Action:

Nuclear expert Mycle Schneider recently weighed in on NuScale's stunning Nov. 8, 2023 announcement that it was cancelling its partnership with Utah power systems on a project that called for the development of six NuScale reactors at the U.S. Department of Energy's Idaho National Laboratory.

In a recent interview with the Bulletin of the Atomic Scientists published on Dec. 18, 2023, Schneider, the lead author of the "World Nuclear Industry Status Report," was asked to explain the demise of the Idaho project. Schneider reportedly responded, "What happened there is that NuScale had promised in 2008 that it would start generating power by 2015. We are now in 2023 and they haven't started construction of a ...

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