Core Viewpoint - A class action securities lawsuit has been filed against Fluor Corporation, alleging securities fraud that negatively impacted investors between February 18, 2025, and July 31, 2025 [1][2] Group 1: Allegations of Fraud - The lawsuit claims that Fluor Corporation made false statements regarding the costs associated with its infrastructure projects, which were increasing due to subcontractor design errors, price hikes, and scheduling delays [2] - 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 [2] - The financial guidance provided by Fluor for FY 2025 is claimed to be unreliable and overstated regarding the effectiveness of its risk mitigation strategy and the impact of economic uncertainty [2] Group 2: Legal Process and Participation - Investors who suffered losses during the specified timeframe have until November 14, 2025, to request to be appointed as lead plaintiff in the lawsuit [3] - Participation in the lawsuit does not require investors to incur any out-of-pocket costs or fees, allowing class members to potentially receive compensation without financial obligation [3] Group 3: Firm Background - Levi & Korsinsky, LLP has a strong track record in securities litigation, having secured hundreds of millions of dollars for shareholders over the past 20 years [4] - The firm has been recognized as one of the top securities litigation firms in the United States for seven consecutive years, indicating its expertise in handling complex cases [4]

Core Points - The Gross Law Firm has issued a notice to shareholders of Fluor Corporation regarding a class action lawsuit for shareholders who purchased shares during the specified class period from February 18, 2025, to July 31, 2025 [1] - Allegations include that Fluor Corporation made materially false and misleading statements about the costs associated with its infrastructure projects, which were impacted by subcontractor design errors, price increases, and scheduling delays [1] - The lawsuit claims that these issues, along with reduced capital spending from customers and economic uncertainty, negatively affected Fluor's business and financial results, rendering its financial guidance for FY 2025 unreliable [1] Summary by Sections Allegations - The complaint alleges that Fluor Corporation failed to disclose increasing costs related to infrastructure projects due to various factors, including subcontractor errors and economic conditions [1] - It is claimed that the company's public statements were materially false and misleading throughout the relevant period [1] Next Steps for Shareholders - Shareholders are encouraged to register for the class action by November 14, 2025, to participate in the case without any cost or obligation [2] - Registered shareholders will receive updates through a portfolio monitoring software regarding the status of the case [2] Law Firm Information - The Gross Law Firm is a nationally recognized class action law firm dedicated to protecting investors' rights against deceit and fraud [3] - The firm aims to ensure companies adhere to responsible business practices and seeks recovery for investors who suffered losses due to misleading statements [3]

Group 1 - The article highlights Fluor (NYSE: FLR) as a promising growth stock amidst a variety of popular growth stocks available to investors [2][6] - Fluor has a substantial backlog of $28.2 billion as of Q2 2025, compared to its reported revenue of $16.3 billion in 2024, indicating strong future growth potential [4] - The company is well-positioned to capitalize on the increasing demand for data centers driven by artificial intelligence and the resurgence in the nuclear energy sector, particularly through high-assay, low-enrichment uranium projects [5] Group 2 - Fluor is recognized for its comprehensive project development capabilities, managing all phases from design to operations and maintenance, which enhances its competitive edge [7] - The company is generating free cash flow, making it an attractive option for investors seeking a balance between risk and growth [6][7] - With shares priced at 17 times forward earnings, the current valuation presents a favorable buying opportunity for investors [6]

Core Insights - Artificial intelligence (AI) is identified as the greatest investment opportunity of the current era, with a strong emphasis on the urgency to invest in AI technologies now [1][13] - The energy demands of AI technologies are highlighted as a critical concern, with data centers consuming as much energy as small cities, leading to potential crises in power supply [2][3] Investment Opportunity - A specific company is presented as a unique investment opportunity, positioned to benefit from the increasing energy demands of AI, owning critical energy infrastructure assets [3][7] - This company is not a chipmaker or cloud platform but is essential for supplying electricity, which is becoming the most valuable commodity in the digital age [3][6] Energy Infrastructure - The company is described as a "Toll Booth" operator in the AI energy boom, collecting fees from energy exports and poised to capitalize on the surge in demand for energy due to AI [4][5] - It owns significant nuclear energy infrastructure, making it a key player in the future of clean and reliable power in the U.S. [7] Financial Position - The company is noted for being debt-free and having a substantial cash reserve, equating to nearly one-third of its market capitalization, which positions it favorably compared to other energy firms burdened with debt [8][10] - It also holds a significant equity stake in another AI-related company, providing indirect exposure to multiple growth engines in the AI sector [9] Market Perception - Wall Street is beginning to take notice of this company, which is described as undervalued, trading at less than seven times earnings, indicating a potential for significant upside [10][12] - The company is characterized as delivering real cash flows and owning critical infrastructure, distinguishing it from speculative stocks in the AI space [11] Future Trends - The ongoing trends of AI infrastructure development, onshoring due to tariffs, and a surge in U.S. LNG exports are all interconnected, with this company positioned to benefit from these dynamics [14][6] - The influx of talent into the AI sector is expected to drive continuous innovation, further solidifying the importance of investing in AI-related companies [12]

Core Viewpoint - ClaimsFiler informs investors about the deadline of November 14, 2025, to file lead plaintiff applications in a securities class action lawsuit against Fluor Corporation for failing to disclose material information during the Class Period from February 18, 2025, to July 31, 2025 [1][3]. Financial Performance - On August 1, 2025, Fluor announced its Q2 2025 financial results, reporting a non-GAAP EPS of $0.43, which missed consensus estimates by $0.13, and revenue of $3.98 billion, reflecting a 5.9% year-over-year decline and missing estimates by $570 million due to increased costs from subcontractor design errors, price hikes, scheduling delays, and reduced capital spending by customers [4]. - The company revised its FY 2025 financial outlook, guiding adjusted EBITDA to $475 million to $525 million, down from prior guidance of $575 million to $675 million, and adjusted EPS to $1.95 to $2.15 per share, down from previous guidance of $2.25 to $2.75 per share [4]. Market Reaction - Following the financial announcement, Fluor's share price dropped by $15.35, or 27.04%, closing at $41.42 per share on August 1, 2025 [5].

Core Viewpoint - Investors in Fluor Corporation have the opportunity to lead a securities fraud class action lawsuit due to substantial losses incurred as a result of undisclosed financial issues related to specific projects [1][3]. Summary by Sections Lawsuit Details - The lawsuit alleges that from February 18, 2025, to July 31, 2025, Fluor Corporation failed to disclose significant cost increases associated with the Gordie Howe, I-635/LBJ, and I-35 projects, which were attributed to subcontractor design errors, price increases, and scheduling delays [3]. - It is claimed that these undisclosed issues, along with a reduction in customer capital spending and client hesitation due to economic uncertainty, negatively impacted the Company's business and financial results [3]. - The financial guidance provided by Fluor for FY 2025 is described as unreliable and unrealistic, with an overstated effectiveness of the Company's risk mitigation strategy and an understated impact of economic uncertainty on its operations [3]. Participation Information - Investors who suffered losses in Fluor Corporation are encouraged to contact the Law Offices of Howard G. Smith before November 14, 2025, to participate in the ongoing lawsuit [2][4]. - Individuals may choose to retain their own counsel or remain absent members of the class action without taking any immediate action [5].

Core Insights - Sterling Infrastructure, Inc. (STRL) is a diversified construction solutions provider with strong positions in civil, specialty services, and building segments [1] - The company is currently facing challenges in its Building Solutions segment due to a decline in housing demand, attributed to elevated mortgage rates and affordability pressures [2] Group 1: Housing Market Impact - The U.S. housing market is experiencing difficulties, leading to a 7.6% year-over-year decline in STRL's Building Solutions segment revenues, which amounted to $199.3 million in the first half of 2025 [2][8] - Despite the housing market challenges, STRL's focus on service diversification is expected to mitigate risks in the mid to long term [2] Group 2: Infrastructure Growth - Robust growth in federal initiatives and private-sector investments in infrastructure projects is anticipated to offset weaknesses in the housing sector [3] - STRL's strategic shift towards large mission-critical projects has improved revenue visibility and profitability, with the E-Infrastructure Solutions segment's backlog increasing by 44% year-over-year to $1.2 billion as of June 30, 2025 [3][8] Group 3: Competitive Positioning - Compared to competitors like AECOM and MasTec, STRL operates at the intersection of public infrastructure expansion and residential construction, presenting both opportunities and risks [5] - AECOM and MasTec are less affected by housing cycles due to their focus on large-scale infrastructure projects, while STRL's dual exposure to both housing and infrastructure markets offers potential upside when both sectors strengthen [6][7] Group 4: Future Prospects - The recent acquisition of CEC Facilities is expected to enhance STRL's long-term prospects by creating synergies that support broader growth strategies [4] - If STRL successfully pivots towards infrastructure and non-residential opportunities, the risks associated with housing exposure may become more manageable [4]

Accessibility StatementSkip Navigation NEW YORK, Oct. 1, 2025 /PRNewswire/ -- Levi & Korsinsky, LLP notifies investors in Fluor Corporation ("Fluor Corporation" or the "Company") (NYSE: FLR) of a class action securities lawsuit. CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of Fluor Corporation investors who were adversely affected by alleged securities fraud between February 18, 2025 and July 31, 2025. Follow the link below to get more information and be contacted by a member of our team: ...

Core Points - ALEC Holdings, a Dubai-based engineering and construction group, successfully priced its IPO at the top of the indicated range, raising Dhs1.4bn ($381m), marking the largest construction sector IPO in the UAE to date [2][3] - The IPO involved the sale of one billion shares at Dhs1.40 each, resulting in a market capitalization of Dhs7bn ($1.91bn) at listing [2] - The offering represented 20% of the company's share capital, with the Investment Corporation of Dubai (ICD) retaining an 80% stake [3] - The IPO attracted Dhs30bn ($8.1bn) in orders, indicating more than 21 times oversubscription, with significant interest from both local and international investors [3] - ALEC is set to begin trading on the Dubai Financial Market (DFM) on or around October 15 under the symbol "ALEC" [4] Dividend Plans - ALEC plans to distribute Dhs200m in dividends in April 2026 and Dhs500m for the 2026 financial year, which translates to a dividend yield of 7.1% at the IPO price [5] - Future dividend payments will follow a semi-annual schedule, subject to board approval and available reserves [5] Company Background - ALEC is the first construction company in the UAE to list in over 15 years, having delivered large-scale projects across the UAE and Saudi Arabia [6] - The company operates in engineering, construction, and project management sectors [6] Financial Advisors - Emirates NBD Capital and J.P. Morgan served as joint global coordinators and joint bookrunners for the IPO [7] - Abu Dhabi Commercial Bank and EFG Hermes were also joint bookrunners, while Moelis & Company UK LLP DIFC Branch acted as an independent financial adviser [7]

Core Insights - The Hudson Tunnel Project (HTP) is a significant infrastructure initiative in the U.S., with a recent contract extension awarded to MPA Delivery Partners for $665 million over 4.5 years [1][2] - The project is expected to create over 95,000 jobs and generate more than $19 billion in economic activity, benefiting various U.S. suppliers [2][3] - The HTP is a critical component of the Gateway Program, aimed at enhancing rail service and reliability in the Northeast Corridor, with completion expected by 2035 for the new tunnel and 2038 for the existing tunnel's rehabilitation [3] Project Details - The HTP involves constructing a new two-tube rail tunnel under the Hudson River and rehabilitating a 115-year-old tunnel, along with nine miles of new passenger rail track [3] - The project is designed to improve passenger rail service and enhance the reliability of the rail networks for NJ TRANSIT and Amtrak, contributing to long-term economic growth [3] Collaboration and Delivery Model - The project exemplifies a successful collaboration between public and private sectors, serving as a model for future mega-infrastructure projects globally [3] - MPA Delivery Partners was selected as the delivery partner in February 2024, utilizing a collaborative model that has proven effective in delivering large-scale infrastructure projects [4]