SAN DIEGO, Feb. 02, 2026 (GLOBE NEWSWIRE) -- SOLV Energy, Inc. (“SOLV” or the “Company”), a leading provider of infrastructure services to the power industry, today announced that it has launched the roadshow for its initial public offering of 20,500,000 shares of its Class A common stock. The initial public offering price is expected to be between $22.00 and $25.00 per share pursuant to a registration statement on Form S-1 filed with the Securities and Exchange Commission (the “SEC”). In addition, the Comp ...

Core Insights - Fluor is well-positioned to capitalize on the growing demand for complex infrastructure projects, particularly in the AI and mining sectors, with a backlog of $28.2 billion as of September 30, 2023 [6][12] - The company has a competitive edge due to its scale and technical expertise, developed over 114 years, allowing it to handle complex projects like nuclear reactors and mining in remote areas [7] - Fluor's urban solutions segment is its largest, focusing on advanced technology facilities, including AI data centers and semiconductor plants, as well as energy solutions [2][4] Financial Performance - Approximately 82% of Fluor's backlog consists of reimbursable contracts, which provide stability against cost overruns due to inflation or unexpected delays [1][12] - The company anticipates larger project awards in late 2026 and early 2027, expecting growth to accelerate after a period of muted growth due to high interest rates and trade policy uncertainty [6][13] Market Opportunities - The surge in AI is reshaping power demand, with estimates suggesting that power demand from AI data centers in the U.S. could increase by more than 30 times by 2035 [5][6] - Fluor is focusing on the construction of massive data center campuses required by hyperscalers in the U.S., leveraging its experience from successful projects in Asia and Europe [8][9] Strategic Initiatives - The company is securing front-end engineering and design (FEED) work for critical materials like copper, lithium, and rare-earth minerals, which are essential for data center construction [10][12] - Fluor is also a major investor in NuScale Power and is the lead EPC partner for its power plants, indicating a commitment to expanding its energy solutions portfolio [10]

Core Insights - TechnipFMC has secured an integrated engineering, procurement, construction and installation (iEPCI) contract from bp for the Tiber development in the Gulf of Mexico, estimated to be valued between $600 million and $800 million [1] - The Tiber contract is part of ongoing work related to bp's Kaskida project, which is expected to produce 80,000 barrels of crude oil per day starting in 2029 [2][3] - The recoverable resources for the Tiber and Guadalupe fields are projected to be approximately 350 million barrels of oil equivalent during the initial phase [4] Contract Details - The Tiber contract was recorded in TechnipFMC's inbound orders for Q4 2025 [1] - TechnipFMC also received a contract from Eni for the Coral North project offshore Mozambique, valued between $250 million and $500 million, recorded in Q2 orders for 2025 [5] Project Background - The Kaskida project was awarded to TechnipFMC in 2024, with bp making a final investment decision the same year [2] - The field's recoverable resources for the Kaskida project are estimated at around 275 million barrels of oil equivalent during its inaugural phase [3] - TechnipFMC's Subsea president emphasized the importance of collaboration and technical innovation in advancing integrated projects within existing basins [3][4]

Company Overview - Argan is a diversified engineering and construction firm focusing on power generation, renewable energy, and infrastructure markets, leveraging technical capabilities and project management expertise to deliver complex projects for utility and industrial clients nationwide [6][9] - As of the latest market close, Argan's stock price is $325.96, with a market capitalization of $4.52 billion, revenue of $915.03 million, and net income of $119.93 million for the trailing twelve months (TTM) [4] Recent Developments - Alpine Investment Management initiated a new position in Argan, acquiring 60,000 shares valued at approximately $16.20 million as of September 30, which now accounts for 13.62% of Alpine's reportable U.S. equity assets [2][3] - Argan's stock has increased by 127% over the past year, significantly outperforming the S&P 500's 17% gain during the same period [3] Financial Performance - In the third quarter, Argan reported a net income of $30.7 million, or $2.17 per share, with EBITDA climbing to $40.3 million and margins expanding to 16% [10] - For the first nine months of the fiscal year, net income increased by over 60% year over year, and the company ended the quarter with over $726 million in cash and investments, with no debt [10] Project Backlog - Argan reported a record project backlog of approximately $3.0 billion, more than double the amount at the start of the fiscal year, primarily driven by new gas-fired power projects in Texas [7] - This backlog indicates years of revenue already secured, rather than mere projections [7] Market Position - The company's focus on hard assets and cash generation aligns with current investment trends, suggesting that Argan's stock has potential for further growth based on its backlog, margins, and liquidity [11]

Group 1: Company Performance - Fluor's shares reached a 52-week high of $57.50 on July 31, 2025, but fell sharply the next day after reporting lower revenue and earnings due to high costs from subcontractor errors and an arbitration ruling related to a Mexican project [1] - As of November 14, 2025, Fluor's shares were priced at $42.39, reflecting a 16.56% decline over the past year, while the S&P 500 index gained 13.2% during the same period [3] - Fluor's backlog decreased by 13% year over year to $28 billion, indicating a slowdown in key end markets [1] Group 2: Strategic Moves - Fluor is focusing on monetizing its stake in NuScale Power, a nuclear energy start-up, where it held a majority stake [5] - The company received $605 million in net proceeds from the sale of its NuScale Power stake and plans to sell its remaining stake in the second quarter of 2026 [6] - In Q3, Fluor secured new awards worth $3.3 billion, which may present a value opportunity for investors despite the cyclical nature of its business [6] Group 3: Investment Activity - DME Capital Management increased its holdings in Fluor by 44.3%, acquiring an additional 1,694,100 shares during Q3, raising its total position to 5,513,680 shares, valued at approximately $36.13 million [4]

Core Insights - Aristides Capital has initiated a new position in Fluor Corporation, acquiring 224,842 shares valued at approximately $9.46 million as of September 30, representing about 2.84% of its total reportable U.S. equity assets [1][2]. Company Overview - Fluor Corporation is a global leader in engineering and construction services, focusing on energy, infrastructure, technology, and government projects [6]. - The company operates a project-driven business model, generating revenue through large-scale contracts in various sectors including energy transition, infrastructure, and government services [9]. Financial Performance - Fluor's revenue for the trailing twelve months (TTM) is reported at $15.59 billion, with a net income of $3.38 billion [4]. - The company's stock price as of the latest report is $40.69, reflecting a 20% decline over the past year, underperforming the S&P 500, which has increased by about 15% during the same period [3][4]. Recent Developments - Despite a challenging third quarter, where revenue fell 18% year over year, adjusted EBITDA increased by 29% to $161 million, and management has raised full-year adjusted EPS and EBITDA guidance [10]. - Fluor's backlog stands at $28.2 billion, with 82% being reimbursable, which mitigates risks associated with cost overruns [10][11]. - The company has repurchased $70 million of its stock in the quarter and plans to repurchase up to $800 million more by early 2026, supported by $2.8 billion in cash and marketable securities [11].

Core Insights - Subsea7 has been awarded a significant EPCI contract for the development of the Previously Produced Fields offshore Norway by ConocoPhillips, which includes engineering, procurement, construction, and installation of subsea structures [1][8] - The contract value is estimated to be between $300 million and $500 million, following a previous FEED study contract awarded in May 2025 [2] - The development will utilize existing infrastructure from the Ekofisk Complex, which is expected to reduce development timelines and costs [3][8] Company Relationships - This contract strengthens Subsea7's long-standing relationship with ConocoPhillips, allowing Subsea7 to engage early in the field development process [4] Project Details - The Previously Produced Fields are located approximately 290 kilometers southwest of Stavanger and will be developed through a tie-back to the Ekofisk Complex [3] - The project is pending regulatory approval of the Plan for Development and Operations (PDO) required for offshore projects in Norway [3]

Core Insights - Subsea 7 S.A. has been awarded a large contract by ConocoPhillips Skandinavia AS for the Previously Produced Fields (PPF) development offshore Norway, which includes engineering, procurement, construction, and installation (EPCI) of subsea structures, umbilicals, risers, and flowlines (SURF) [1][3] - The contract follows a previous award for front-end engineering and design (FEED) that finalized the technical definition of the development [1][2] - The project is set to begin engineering and project management immediately, with major offshore campaigns planned for 2027 and 2028 [2] Company and Industry Overview - Subsea 7 is recognized as a global leader in delivering offshore projects and services for the energy industry, focusing on creating sustainable value and being a preferred partner and employer [4] - The Previously Produced Fields are located in the Greater Ekofisk Area, approximately 290 kilometers southwest of Stavanger, Norway, and will be connected to the existing Ekofisk Complex [2] - The contract is subject to authority approval of the Plan for Development and Operations (PDO) [3]

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 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].