Core Viewpoint - Fluor Corporation is positioned as a strong investment opportunity in the nuclear power sector, particularly due to its profitability and growth prospects compared to other companies in the industry [1][4][15]. Company Performance - Fluor has been profitable for the last three years, earning over $1.5 billion in 2023 and is expected to exceed analyst forecasts of $1.6 billion in profit for 2025 [4][15]. - The company's total revenue has grown by 15%, driven by a 42% increase in urban solutions and a 20% increase in energy solutions [5]. Nuclear Business Potential - Fluor has extensive experience in nuclear power, having designed and built multiple nuclear power units and performed maintenance on around 90 nuclear reactor units [6]. - The company is likely to play a significant role in the upcoming nuclear renaissance in the U.S. [7]. Market Context - The U.S. government is promoting nuclear power, with plans for significant investments in new nuclear reactors, including potential contracts for Fluor [9][10]. - Japan is expected to invest $80 billion in building new nuclear reactors, with Fluor potentially serving as the engineering and construction contractor [11]. Valuation Metrics - Fluor's market capitalization is approximately $6.8 billion, with an enterprise value of around $5 billion after accounting for net cash [13]. - Analysts project Fluor will earn $360 million in net profit next year, leading to an enterprise value of only 7.8 times forward earnings, which is considered inexpensive relative to the expected 12% earnings growth [15][16].

Core Insights - Airbus is grounding approximately 6,000 aircraft for a critical software update to prevent potential data corruption that could affect flight safety [2][3] Group 1: Software Update and Directives - Airbus has collaborated with aviation authorities to issue an Alert Operators Transmission (AOT) for immediate precautionary action, which will be formalized in an Emergency Airworthiness Directive by the European Union Aviation Safety Agency (EASA) [3] - The directives encompass the entire A320 family, including A319, A320, and A321 models, which are essential to the global fleet [4] - For 5,100 of the aircraft, the software update can be completed in approximately three hours, while 900 aircraft may require onboard flight computer replacements, potentially causing delays [4] Group 2: Impact on Airlines - The impact of the grounding varies by airline; Air France reported delays at Charles de Gaulle airport, while EasyJet, American Airlines, and Delta, which also operate A320 fleets, experienced minimal disruption [5] Group 3: Incident Background - The issue was identified during an investigation of an incident involving a JetBlue aircraft that unexpectedly pitched downward, necessitating an emergency landing [6] - Airbus discovered that intense solar radiation could corrupt onboard data used for altitude calculations, raising concerns about the fly-by-wire technology employed in their aircraft [7] Group 4: Fly-by-Wire Technology - Unlike Boeing's designs, Airbus aircraft utilize fly-by-wire technology, which electronically commands control surfaces and limits pilot override capabilities [7][9] - Criticism of fly-by-wire technology has existed since its inception, with historical incidents highlighting potential issues with computer control [11]

Core Viewpoint - Fluor is undergoing a significant business reset, focusing on unwinding legacy risks, reshaping its project mix, and unlocking value from its NuScale Power stake, while managing stock volatility and aiming for improved performance in the coming years [2][9]. Group 1: Company Overview - Fluor is one of the oldest construction and engineering firms in the U.S., with a history spanning 113 years [2]. - The company has a market capitalization of $7 billion and has experienced a 15% decline year-to-date, significantly below its all-time high of $101 from 2008 [3]. Group 2: Financial Performance - In Q3, Fluor's revenue fell 18% year-over-year to $3.4 billion, marking the eighth consecutive quarter of missing analysts' expectations [5]. - Adjusted earnings per share increased by 33% to $0.68, indicating some positive performance despite revenue challenges [5]. - The company booked $3.3 billion in new contracts in Q3, raising its total backlog to $28.2 billion, with 82% of this backlog being reimbursable work [6]. Group 3: Strategic Initiatives - Execution of Fluor's reorganization plan is critical for restoring investor confidence and achieving consistent performance [5]. - Fluor is implementing a risk-reducing strategy by focusing on reimbursable contracts rather than fixed-price contracts [6]. - The company is also pursuing an exit strategy from NuScale Power, having raised over $600 million from a stock sale and planning to monetize its remaining 39% stake, estimated at $800 million [7][8]. Group 4: Future Outlook - The NuScale windfall is seen as a potential catalyst for Fluor's future growth, especially with the rising demand for nuclear energy to support new AI data centers [7][8]. - The company is viewed as a transition story with potential for improvement, contingent on its ability to execute its plans effectively [9].

Core Insights - The energy-infrastructure sector is experiencing a significant transformation as utilities, data-center operators, and industrial customers seek to expand capacity and modernize grids [2] - Quanta Services, Inc. (PWR) and Fluor Corporation (FLR) are two major U.S.-listed contractors playing pivotal roles in this transformation, focusing on power generation, transmission, and large-scale EPC services [2][3] - Each company is adopting different strategies to navigate the current market cycle, with Quanta emphasizing execution certainty and integrated solutions, while Fluor is pursuing a more asset-light approach [3] Quanta Services, Inc. (PWR) - PWR is witnessing strong momentum in its core markets, particularly in electric infrastructure and renewable energy, with the Electric segment contributing 80.9% of total revenues in Q3 2025, amounting to $6.17 billion, reflecting a 17.9% year-over-year growth [5][10] - The company reported a record backlog of $39.2 billion at the end of Q3 2025, up from $33.96 billion a year ago, indicating strong demand across utility and technology-driven markets [6][10] - PWR anticipates ongoing strength in electricity needs, driven by data centers and manufacturing, which will support further investments in infrastructure [8] Fluor Corporation (FLR) - Fluor is capitalizing on healthy activity across key markets, with strong execution in Energy Solutions and progress in Mission Solutions, leading to improved performance in LNG, mining, and government services [11][12] - The company raised its full-year guidance due to stronger-than-expected performance and a total backlog of $28.2 billion, with 82% being reimbursable projects, indicating a lower-risk mix [12] - Fluor expects constructive conditions in LNG, clean energy, and government work, with a strengthening pipeline of engineering and EPC opportunities [14] Stock Performance & Valuation - Over the past six months, Quanta's share price has outperformed Fluor's and the Zacks Engineering - R and D Services industry [15] - Quanta is currently trading at a premium compared to Fluor based on a forward 12-month price-to-earnings (P/E) ratio [16] Earnings Estimates - The Zacks Consensus Estimate for PWR's 2025 and 2026 earnings indicates year-over-year improvements of 17.8% and 16.7%, respectively, while FLR's 2025 EPS estimate shows a 7.7% decline [19][20] - PWR's EPS for 2025 is estimated at $10.57, while FLR's is projected at $2.15 [20][21] Conclusion - Both Quanta and Fluor hold a Zacks Rank 3 (Hold), supported by different fundamental drivers, with Quanta focusing on utility infrastructure and Fluor benefiting from a stronger mix of reimbursable work [22][23]

Core Points - Fluor Corporation has commenced the groundbreaking of the State Highway 6 expansion project in Bryan/College Station, Texas, in collaboration with local officials and the Texas Department of Transportation (TxDOT) [2][3] - The project involves reconstructing and widening a 12-mile stretch of SH-6 from two to three lanes in each direction, aimed at enhancing traffic capacity, regional connectivity, and safety [2][3] - Completion of the construction is anticipated by the end of 2030 [4] Company Overview - Fluor Corporation, listed on NYSE as FLR, reported a revenue of $16.3 billion in 2024 and is ranked 257 among Fortune 500 companies [5] - The company employs nearly 27,000 individuals and specializes in providing engineering, procurement, construction, and maintenance services globally [5] - Fluor has a long-standing history of over a century in delivering capital-efficient projects [5]

Core Viewpoint - Grabar Law Office is investigating claims on behalf of shareholders of Fluor Corporation regarding potential breaches of fiduciary duties by certain officers and directors [1] Group 1: Investigation Details - The investigation is focused on whether Fluor Corporation's officers made materially false and misleading statements and failed to disclose adverse facts about the company's business and operations [3] - Allegations include that costs for specific projects were increasing due to subcontractor errors, price hikes, and scheduling delays, which negatively impacted the company's financial results [3] - The investigation suggests that Fluor's financial guidance for FY 2025 was unreliable, and the effectiveness of its risk mitigation strategies was overstated [3] Group 2: Shareholder Actions - Shareholders who purchased Fluor Corporation shares before February 18, 2025, and still hold them can seek corporate reforms and the return of funds at no cost [2][4] - Interested shareholders are encouraged to contact Grabar Law Office for more information on the investigation and potential actions [2][4]

Core Viewpoint - Fluor, a Texas-based construction and engineering company, has experienced significant stock volatility in 2025, but its strategic focus on nuclear power is attracting renewed investor interest [1][2]. Company Performance - Fluor's stock has fluctuated dramatically, with a 40% decline in April, a 20% gain in July, and a subsequent 20% drop in August, leading to a current year-to-date loss of 7% [2]. - The company has a market capitalization of $7 billion, making it the smallest among six Construction & Engineering stocks in the SPDR S&P MidCap 400 ETF Trust, and it remains the only one with a negative performance for the year [3]. - Fluor's stock is approximately 55% below its all-time high of $102 from 2008 and about 20% below its 52-week high of $57.50 reached in late July [4]. Financial Results - Fluor missed revenue estimates for the eighth consecutive quarter, reporting a 17% decline in revenue to $3.3 billion, significantly below the average estimate of $4.2 billion [5]. - Adjusted earnings per share increased by 33% to $0.68, surpassing analysts' expectations of $0.45 [5]. - The company secured $3.3 billion in new contracts in Q3, raising its backlog to $28.2 billion, with 82% of this backlog being reimbursable contracts [6]. Strategic Moves - Fluor plans to monetize its remaining 39% stake in NuScale, a company specializing in small modular reactors, which has seen its stock rise over 600% in the past two years due to increased demand for nuclear energy [7]. - After selling a 15 million-share block of NuScale for $605 million, Fluor aims to liquidate the rest of its stake by the end of Q2 2026, expecting to raise $800 million by February to support a stock-buyback program [8][9]. Market Outlook - Analysts have mixed ratings on Fluor, with five recommending a buy and five suggesting a hold, and an average 12-month price target of $51, indicating a potential upside of about 12% from the current price [13]. - The company is projected to achieve earnings growth of approximately 7% and an 8% increase in revenue for the full year 2026 [13]. - Fluor's forward price-to-earnings ratio of 22x places it in the top quintile of its historical range, indicating a higher valuation compared to 80% of the past decade [12].

Core Viewpoint - Rosen Law Firm has announced a class action lawsuit against Fluor Corporation (NYSE: FLR) on behalf of investors who purchased securities between February 18, 2025, and July 31, 2025, alleging that the company misled investors regarding its business operations [1][2]. Allegations - The lawsuit claims that Fluor Corporation made false and misleading statements and failed to disclose significant issues, including rising costs associated with major projects such as the Gordie Howe International Bridge and various Texas highways due to subcontractor design errors, price increases, and scheduling delays [2]. - It is alleged that these issues, along with reduced capital spending from customers and economic uncertainty, negatively impacted Fluor's business and financial results [2]. - The financial guidance provided by Fluor for the full year 2025 is claimed to be unreliable and overstated regarding the effectiveness of its risk mitigation strategies [2]. Legal Proceedings - Shareholders interested in serving as lead plaintiffs must file motions with the court by November 14, 2025 [3]. - Participation in the case is not required to be eligible for recovery, allowing shareholders to remain absent class members if they choose [3]. About Rosen Law Firm - Rosen Law Firm is recognized for its commitment to shareholder rights litigation, having recovered over $1 billion for shareholders since its inception [5].

Core Viewpoint - Rosen Law Firm is reminding investors who purchased Fluor Corporation securities between February 18, 2025, and July 31, 2025, of the lead plaintiff deadline on November 14, 2025, for a class action lawsuit related to misleading statements made by the company [1]. Group 1: Class Action Details - Investors who purchased Fluor securities during the specified Class Period may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [1]. - To participate in the class action, investors can submit a form online or contact the law firm directly for more information [2][5]. - A lead plaintiff is required to move the Court by November 14, 2025, to represent other class members in the litigation [2]. Group 2: Law Firm Credentials - Rosen Law Firm has a strong track record in securities class actions, having achieved the largest securities class action settlement against a Chinese company and being ranked No. 1 for the number of settlements in 2017 [3]. - The firm has recovered hundreds of millions of dollars for investors, including over $438 million in 2019 alone [3]. - Founding partner Laurence Rosen has been recognized as a Titan of Plaintiffs' Bar by law360 in 2020, highlighting the firm's expertise and success in this area [3]. Group 3: Case Allegations - The lawsuit alleges that Fluor Corporation made false and misleading statements regarding the costs associated with several major projects, including the Gordie Howe International Bridge and various Texas highways [4]. - It is claimed that these issues, along with reduced customer capital spending and economic uncertainty, negatively impacted Fluor's business and financial results [4]. - The lawsuit asserts that Fluor's financial guidance for 2025 was unreliable, and the effectiveness of its risk mitigation strategies was overstated, leading to investor damages when the true situation was revealed [4].

Core Points - A class action securities lawsuit has been filed against Fluor Corporation, alleging securities fraud affecting investors between February 18, 2025, and July 31, 2025 [1][2]. Group 1: Allegations - The lawsuit claims that Fluor Corporation made false statements regarding the costs associated with its infrastructure projects, including Gordie Howe, I-635/LBJ, and I-35, which were reportedly increasing due to subcontractor design errors, price hikes, and scheduling delays [3]. - It is alleged that these issues, along with reduced capital spending from customers and economic uncertainty, were likely to have a significant negative impact on the Company's business and financial results [3]. - The complaint further asserts that Fluor's financial guidance for FY 2025 was unreliable, the effectiveness of its risk mitigation strategy was overstated, and the impact of economic uncertainty was understated [3]. Group 2: Legal Process - Investors who suffered losses during the specified timeframe have until November 14, 2025, to request to be appointed as lead plaintiff in the case [4]. - Participation in the lawsuit does not require any out-of-pocket costs or fees for class members [4]. Group 3: Law Firm Background - Levi & Korsinsky, LLP has a history of securing hundreds of millions of dollars for shareholders and has been recognized as one of the top securities litigation firms in the United States for seven consecutive years [5].