Benzinga·2026-02-11 13:40Core Viewpoint - Fluor Corporation has secured a significant multi-year role as the lead EPC contractor for Centrus Energy Corp.'s multi-billion-dollar uranium enrichment expansion in Ohio, enhancing its position in the nuclear energy sector [1][2]. Company Overview - Fluor generated $16.3 billion in revenue in 2024, indicating its strong market presence and strategic importance in the nuclear energy sector as demand for clean energy solutions grows [6]. - The company is currently trading 6.1% above its 20-day simple moving average and 9.5% above its 100-day simple moving average, reflecting short to medium-term strength [4]. Market Context - The broader market experienced modest gains, with the S&P 500 rising by 0.08% and the Energy sector gaining 0.89%, contributing to Fluor's stock performance [3]. - Fluor's stock was up 0.92% at $48.57 during premarket trading, indicating positive market sentiment [12]. Technical Analysis - The Relative Strength Index (RSI) is at 65.13, indicating neutral territory, while the Moving Average Convergence Divergence (MACD) is above its signal line, suggesting bullish momentum [5]. - Over the past 12 months, Fluor's shares have increased by 0.56%, positioning them closer to their 52-week highs than lows, indicating a bullish sentiment [4]. Analyst Outlook - The stock carries a Buy Rating with an average price target of $50.14, with recent analyst actions suggesting a positive outlook for growth prospects [8]. - EPS estimate is 34 cents, down from 48 cents year-over-year, while revenue estimate remains at $4.26 billion, indicating a stable revenue outlook [10]. ETF Exposure - Fluor carries meaningful weight in certain ETFs, suggesting that significant inflows or outflows could impact stock performance [12].