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Pomerantz Law Firm Announces the Filing of a Class Action Against Fluor Corporation and Certain Officers - FLR
Prnewswire· 2025-09-18 14:00
Core Viewpoint - A class action lawsuit has been filed against Fluor Corporation and certain officers for alleged violations of federal securities laws during the Class Period from February 18, 2025, to July 31, 2025, seeking damages for affected investors [1][5]. Company Overview - Fluor Corporation provides engineering, procurement, and construction (EPC), fabrication and modularization, and project management services globally, operating through three segments: Urban Solutions, Energy Solutions, and Mission Solutions [3]. Financial Guidance and Performance - In February 2025, Fluor projected adjusted EBITDA for FY 2025 to be between $575 million and $675 million, and adjusted EPS between $2.25 and $2.75 per share, which was reaffirmed in May 2025 despite acknowledging potential negative impacts from economic uncertainty [4]. - On August 1, 2025, Fluor reported Q2 2025 results, with non-GAAP EPS of $0.43, missing estimates by $0.13, and revenue of $3.98 billion, a 5.9% year-over-year decline, also missing estimates by $570 million [6][7]. Allegations and Impact - The lawsuit alleges that Fluor's executives made materially false and misleading statements regarding the company's business and financial outlook, particularly concerning rising costs and project delays related to key infrastructure projects [5]. - Following the disappointing Q2 results and revised financial outlook, Fluor's stock price fell by $15.35 per share, or 27.04%, closing at $41.42 on August 1, 2025 [8].
Do You Own FLR Stock? Robbins LLP Informs Investors of the Fluor Corporation Class Action Lawsuit
Prnewswire· 2025-09-17 00:57
Core Viewpoint - A class action lawsuit has been filed against Fluor Corporation for allegedly misleading investors regarding its business prospects and financial guidance during a specific period in 2025 [1][2]. Group 1: Allegations and Financial Impact - The lawsuit claims that Fluor failed to disclose rising costs associated with major projects 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, significantly impacted Fluor's business and financial results [2]. - Following the release of disappointing financial results for Q2 2025, Fluor revised its financial outlook for FY 2025, projecting adjusted EBITDA of $475 million to $525 million, down from $575 million to $675 million, and adjusted EPS of $1.95 to $2.15, down from $2.25 to $2.75 [3]. Group 2: Stock Price Reaction - After the negative financial disclosures, Fluor's stock price dropped by $15.35 per share, or 27.04%, closing at $41.42 per share on August 1, 2025 [3]. Group 3: Class Action Participation - Shareholders who wish to participate in the class action must submit their papers by November 14, 2025, to serve as lead plaintiff [4]. - Participation in the case is not required to be eligible for recovery, allowing shareholders to remain absent class members if they choose [4]. Group 4: Legal Representation - Robbins LLP operates on a contingency fee basis, meaning shareholders incur no fees or expenses unless the case is won [5]. - The firm has a history of advocating for shareholder rights and holding company executives accountable since 2002 [5].
JPMorgan Asserts First Solar Inc. (FSLR) as Top Pick on Improving Fundamentals
Yahoo Finance· 2025-09-12 11:00
Group 1 - First Solar Inc. (FSLR) is highly rated by analysts, with 15 out of 17 recommending a Buy, leading to a consensus rating of "Strong Buy" [1] - The 12-month price forecasts for FSLR range from $177.00 to $287.00, with an average target of $222.31, indicating a potential upside of 9.40% from the current price of $203.21 [1] - JPMorgan has reaffirmed FSLR as its top pick, projecting the stock could reach $241 by December, supported by improving fundamentals [2][3] Group 2 - The stock has shown resilience amid regulatory concerns and inventory oversupply, rallying over 8% year to date, following strong second-quarter earnings of $3.18 per share, surpassing estimates of $2.66 per share [4] - The company is expected to benefit from the unveiling of a capital-light finishing factory, which will mitigate the impact of tariffs on products from Vietnam and Malaysia [5] - First Solar manufactures advanced thin-film solar technology and modules for utility-scale applications, providing a competitive alternative to traditional crystalline silicon panels [6]