SV - NuScale Power Corporation (SMR) Investigation: Bronstein Gewirtz & Grossman LLC Encourages Investors to Seek Compensation for Alleged Wrongdoings

NEW YORK, NY / ACCESSWIRE / November 16, 2023 / Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of NuScale Power Corporation ("NuScale" or "the Company") (NYSE:SMR). Investors who purchased NuScale securities are encouraged to obtain additional information and assist the investigation by visiting the firm's site: bgandg.com/smr.

The investigation concerns whether NuScale has violated federal securities laws.

Investigation Details:

On October 19, 2023, Iceberg Research issued a research report (the "Iceberg Report") that contradicted NuScale's claims that it could fulfill two large contracts: (1) a contract with the Utah Associated Municipal Power Systems ("UAMPS") for its Carbon Free Power Project ("CFPP"), and (2) a contract with Standard Power, a company providing data center services for businesses focusing on blockchain mining and high-performance computing applications. Following publication of the Iceberg Report, NuScale's stock price fell $1.24 per share, or 24.6%, over the following two trading sessions, closing at $3.80 per share on October 20, 2023. Then, on November 8, 2023, after the market closed, NuScale and UAMPS announced that they had mutually agreed to terminate the CFPP contract because they had failed to engage enough subscribers. On this news, NuScale's stock price fell $1.02 per share, or 32.9%, to close at $2.08 per share on November 9, 2023.

What's Next?

If you are aware of any facts relating to this investigation or purchased NuScale securities, you can assist this investigation by visiting the firm's site: bgandg.com/smr. You can also contact Peretz Bronstein or his law clerk and client relations manager, Yael Nathanson of Bronstein, Gewirtz & Grossman, LLC: 332-239-2660.

There is No Cost to You

We represent investors in class actions on a contingency fee basis. That means we will ask the court to reimburse us for out-of-pocket expenses and attorneys' fees, usually a percentage of the total recovery, only if we are successful.

Why Bronstein, Gewirtz & Grossman:

Bronstein, Gewirtz & Grossman, LLC is a nationally recognized firm that represents investors in securities fraud class actions and shareholder derivative suits. Our firm has recovered hundreds of millions of dollars for investors nationwide.

Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT:
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Nathanson
332-239-2660 | info@bgandg.com

SOURCE: Bronstein, Gewirtz and Grossman, LLC