NEW YORK, March 23, 2026 (GLOBE NEWSWIRE) -- Levi & Korsinsky, LLP notifies investors that Fluor Corporation is named as a defendant in a securities class action filed on behalf of purchasers of NuScale Power Corporation (NYSE: SMR) stock between May 13, 2025 and November 6, 2025. NuScale shares fell from a Class Period high above $57 to just $17, a decline exceeding 70%. Find out if you are eligible to pursue a claim against the defendants or contact Joseph E. Levi, Esq. at jlevi@levikorsinsky.com or (212) ...

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Core Insights - Nuclear energy is experiencing a resurgence globally, with countries looking to enhance their nuclear capabilities as a clean energy source that supports renewable energy and provides reliable baseload power for data centers [1] Company Developments - Fluor is expanding its operations in Europe, focusing on next-generation small modular reactors (SMRs) and the modernization of traditional nuclear plants [2] - A new office has been established in Bucharest, Romania, to manage nuclear energy projects, positioning Fluor as a key player in Romania's nuclear energy sector [3] - Fluor is involved in two significant projects in Romania: the RoPower SMR project and the expansion of the Cernavodă Nuclear Power Plant [3] Project Details - The RoPower project involves deploying six 77-megawatt (MWe) NuScale Power Modules at a decommissioned power plant, aiming to provide a total of 462 MWe of carbon-free baseload power [4] - The VOYGR-6 plant is a joint venture between Nuclearelectrica and Nova Power & Gas, with the final investment decision approved in February, moving into the pre-engineering procurement and construction phase [5] - The first NuScale Power Module is expected to be operational by July 2033, with the full six-module facility projected for completion by December 2034 [6] Financial Implications - The expansion and refurbishment of the Cernavodă Nuclear Power Plant represents a larger financial commitment for Fluor, with a multibillion-euro program that includes a €1.9 billion refurbishment of Unit 1 and a €3 billion construction of Units 3 and 4 [7]

A month has gone by since the last earnings report for Fluor (FLR) . Shares have lost about 9.9% in that time frame, underperforming the S&P 500.Will the recent negative trend continue leading up to its next earnings release, or is Fluor due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important drivers.Fluor Q4 Earnings & Revenues Lag Estimates, Backlog Down Y/YFluor ...

Core Insights - The demand for large-scale project services in infrastructure, industrial, and commercial markets has significantly increased, driven by public infrastructure spending in the U.S. [2] - Companies like EMCOR Group, Inc. and Fluor Corporation are capitalizing on these trends despite macroeconomic uncertainties [2] EMCOR Group, Inc. (EME) - EMCOR has divested its U.K. operations to focus on U.S. markets, resulting in a 51.8% year-over-year revenue increase in U.S. Electrical Construction and Facilities Services to $5.07 billion, and a 10.1% increase in U.S. Mechanical Construction and Facilities Services revenues to $7.05 billion [4] - Remaining Performance Obligations (RPOs) reached a record $13.25 billion, reflecting a 31% year-over-year growth, with acquisitions contributing approximately $1.61 billion [5] - EMCOR's acquisition of Miller Electric for $868.6 million enhances its electrical construction capabilities and geographic presence [6] - Despite strong market trends, EMCOR's 2026 outlook is conservative, with expected operating margins contracting by 110-70 basis points [7] Fluor Corporation (FLR) - Fluor is transitioning into the "Grow & Execute" phase of its strategy, focusing on earnings expansion and disciplined capital allocation [9][10] - The company has a backlog of $25.5 billion, with 87% of awards being reimbursable, supporting its growth trajectory [8][11] - Fluor's new awards totaled $12.0 billion in 2025, with significant contributions from various sectors including LNG and mining [11] - The company expects a book-to-burn ratio exceeding 1x in 2026, indicating strong project execution potential [12] Stock Performance & Valuation - EMCOR's stock has outperformed Fluor's and the broader construction sector in the past three months [13] - Over the last five years, EMCOR has traded at a premium compared to Fluor on a forward P/E ratio basis [14] - EME's earnings estimates for 2026 and 2027 imply growth of 9.1% and 8.3%, while FLR's estimates suggest a higher growth of 25.6% and 16.6% for the same periods [17][19] Investment Considerations - EMCOR is positioned for stable but moderate returns, supported by strong demand and strategic acquisitions, but tempered by a conservative outlook [20] - Fluor is better positioned for near-term upside due to stronger growth acceleration and a diversified project pipeline, along with improved capital returns [21][23]

Core Viewpoint - Fluor Corporation's shares have increased by 17.3% over the past year, which is significantly lower than the 49.9% growth of the Zacks Engineering – R&D Services industry, indicating investor caution regarding execution consistency and project-related risks despite strategic progress [1] Group 1: Company Performance and Market Position - Fluor's prospects are bolstered by strong demand in infrastructure markets such as data centers, semiconductors, pharmaceuticals, energy transition, fuel production, and mining and metals [2] - The company has outperformed competitors like AECOM, Jacobs Solutions, and KBR, with AECOM and KBR experiencing declines of 4.9% and 20.4%, respectively, while Jacobs gained 5.2% [3] - Fluor ended 2025 with a robust backlog of $25.5 billion, with 81% of this backlog linked to reimbursable contracts, enhancing cost visibility and reducing execution risk [4][8] Group 2: Backlog and Revenue Visibility - The backlog is supported by steady order inflows, with total new awards reaching $12 billion in 2025, of which nearly 87% were reimbursable contracts [5] - Fluor anticipates that approximately 50-60% of its backlog will convert into revenues in 2026, providing strong near-term growth visibility [5] Group 3: Diverse Market Opportunities - Fluor operates across various end markets, including LNG, mining, advanced technologies, nuclear fuels, and government services, which helps maintain a steady flow of project opportunities [9][10] - The company is experiencing increasing demand in key areas such as copper, power, life sciences, and semiconductor facilities, allowing it to balance project cycles effectively [10] Group 4: Technological Advancements - Fluor is leveraging artificial intelligence to enhance project execution and operational efficiency, utilizing a predictive analytics platform developed from data of over 200 large EPC projects [11][12] - AI applications span the project lifecycle, improving decision-making and execution speed, which is expected to lead to better project outcomes and operational performance [12] Group 5: Valuation and Earnings Outlook - Fluor's stock is currently trading at a discount compared to industry peers, making it an attractive option for investors [13] - Earnings estimates for 2026 and 2027 have increased to $2.75 and $3.21 per share, indicating year-over-year growth of 25.6% and 16.6%, respectively [16]

Summary of Key Points from the Conference Call Industry Overview - **Industry Focus**: Renewable Energy, specifically Solar and Storage - **Key Companies Mentioned**: PWR (Power), PRIM (Primoris Services Corp), MTZ (MasTec) Core Insights and Arguments - **Growth Forecast**: - PWR anticipates approximately **10% growth** in renewables until **2030** with a strong backlog in solar and storage as of **3Q25** [1] - PRIM's battery storage revenue exceeded **$250 million** in **2025**, with expectations of growth resuming at **$200-400 million** annually post-2026 [1] - **Utility Solar Installations**: - Expected to grow **17%** in **2026** and **7%** in **2027**, driven by a substantial increase in the solar development pipeline [2] - **Utility Solar Capacity Additions**: - **36 GWdc** added in **2025**, with projections of **42 GWdc** in **2026** and **45-46 GWdc** in **2027-2028** [4] - **Utility Storage Growth**: - Expected to outpace solar growth with a **12% 5-year CAGR** from **2025-2030** [4] - **Battery Capacity Pipeline**: - As of **October 2025**, the US had **24 GW** of battery capacity approved or under construction, primarily in Texas (**11.5 GW**), Arizona, and California [4] - **Project Size Trends**: - **60%** of US solar installations from **2026-2030** are expected to be **200 MW** or larger, with average project size increasing **5x** from **2014-2024** to approximately **110 MW** [4] - **Electricity Generation**: - Renewables are the fastest-growing source of electricity in the US, with utility-scale solar generation increasing **35% YoY** for the year-to-date through **October 2025** [4] - **Data Center Demand**: - Approximately **3.5x** solar capacity is needed to match each **GW** of data center demand, with an estimated **29 GW** of data centers under construction requiring over **100 GW** of solar to meet annual targets [4] Additional Important Insights - **Market Sentiment**: - Positive sentiment for PWR, PRIM, and MTZ due to their strong positions in the renewable energy sector [1] - **Investment Opportunities**: - The growth in solar and storage presents significant investment opportunities, particularly for companies with established backlogs and growth trajectories in these sectors [1][2] - **Risks**: - Potential project delays due to oil price volatility and market conditions could impact growth forecasts and investor confidence [23] This summary encapsulates the key points discussed in the conference call, highlighting the growth potential and challenges within the renewable energy sector, particularly focusing on solar and storage solutions.

Core Viewpoint - Fluor (FLR) shares have recently declined by 5.9% over the past week, but the formation of a hammer chart pattern suggests potential support and a possible trend reversal in the future [1][2]. Technical Analysis - The hammer chart pattern indicates a potential bottoming out, with reduced selling pressure, which could lead to a bullish trend for the stock [2][5]. - A hammer pattern typically forms during a downtrend, where the stock opens lower, makes a new low, but then closes near its opening price, indicating buying interest [4][5]. - The effectiveness of the hammer pattern is enhanced when used alongside other bullish indicators, as its strength is dependent on its placement on the chart [6]. Fundamental Analysis - Recent upward revisions in earnings estimates for Fluor are a positive sign, as they correlate strongly with near-term stock price movements [7]. - Over the last 30 days, the consensus EPS estimate for Fluor has increased by 22.2%, indicating that analysts expect better earnings than previously predicted [8]. - Fluor currently holds a Zacks Rank of 1 (Strong Buy), placing it in the top 5% of over 4,000 ranked stocks, which typically outperform the market [9][10].

Core Insights - Fluor Corporation has opened a new office in Bucharest, Romania, to enhance its capabilities in delivering advanced nuclear energy projects in Europe [1] - The establishment of the Bucharest office is part of Fluor's long-term commitment to support Romania's expansion of clean and reliable nuclear power [1] - Fluor is involved in significant nuclear energy initiatives in Romania, including the advanced small modular reactor (SMR) project in Doiceti and the expansion of the Cernavod nuclear power plant [1] Company Expansion - The new office in Bucharest will serve as a hub for Fluor's operations in the region, leveraging strategic advantages such as proximity to major nuclear projects and access to a skilled workforce [1] - Fluor's Business Group President of Energy Solutions emphasized the importance of this office in supporting Romania's energy goals and enhancing project execution capabilities [1] Government Support - U.S. Ambassador to Romania highlighted the commitment of the United States to support Romania's development of safe and sustainable nuclear power through Fluor's expertise [1] - The collaboration aims to align with broader energy security and abundance goals set by U.S. leadership [1] Financial Overview - Fluor reported a revenue of $15.5 billion in 2025 and is ranked 257 among Fortune 500 companies, showcasing its significant presence in the engineering and construction sector [1]

Core Viewpoint - Fluor Corporation is named as a defendant in a securities class action related to NuScale Power Corporation, with significant allegations regarding its control and influence over NuScale during a period of substantial stock decline [1][2]. Group 1: Allegations Against Fluor Corporation - Fluor Corporation is alleged to have been a control person of NuScale, influencing its corporate actions and decisions, particularly regarding the partnership with ENTRA1 Energy LLC [2]. - The complaint highlights that ENTRA1 was a newly formed entity without a history in nuclear power projects, contradicting claims made by Fluor and NuScale about ENTRA1's expertise [2]. - Following the revelation of a $495 million payment to ENTRA1 and a quarterly net loss of $532 million, NuScale's stock price plummeted from over $57 to approximately $17, a decline exceeding 70% [1][2]. Group 2: Legal Context - The complaint charges Fluor under Section 20(a) of the Securities Exchange Act of 1934, which holds controlling persons liable for securities law violations [3]. - Fluor's ownership stake and influence over NuScale's board and management are cited as factors that allowed it to shape public disclosures regarding ENTRA1 and NuScale's commercialization strategy [3]. Group 3: Company Relationships and Control - Fluor was NuScale's largest single shareholder, holding a significant ownership stake and maintaining numerous commercial relationships with the company [6]. - Fluor exercised historical control over NuScale's corporate board and executive management, including influence over the CEO, who had a prior leadership role at Fluor [6].