Key Takeaways Quanta's Electric segment grew 17.9% in Q3 2025, with demand from utilities, data centers and renewables.PWR's backlog reached $39.2B, supported by grid modernization, electrification and high-load customer needs.Fluor raised guidance as LNG, mining, energy transition and government work strengthened performance.The engineering and construction landscape within the energy-infrastructure sector is undergoing a meaningful shift as utilities, data-center operators and industrial customers rush to ...

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 - A class action lawsuit has been filed against Fluor Corporation (FLR) by Berger Montague on behalf of investors who acquired shares between February 18, 2025, and July 31, 2025, alleging that the company misled investors regarding its financial guidance and undisclosed risks associated with major infrastructure projects [1][3]. Company Overview - Fluor Corporation, headquartered in Irving, Texas, provides engineering, procurement, construction, and project management services globally, with its Urban Solutions segment being the largest revenue contributor [2]. Lawsuit Details - The lawsuit claims that FLR and certain executives failed to disclose rising costs related to significant projects, including the Gordie Howe, I-635/LBJ, and I-35 projects, which were impacted by subcontractor design errors, material price increases, and scheduling delays [3]. - Additionally, the company is accused of underreporting the adverse effects of decreased client capital spending and broader economic uncertainties [3]. Financial Performance - In February 2025, FLR projected a full-year 2025 adjusted EPS of $2.25 to $2.75 and EBITDA of $575 million to $675 million, which was reaffirmed in May 2025 [4]. - On August 1, 2025, FLR reported disappointing second-quarter results, with a non-GAAP EPS of $0.43, missing consensus estimates by 23%, and revenue of $3.98 billion, which was $570 million below expectations and a 5.9% decline year-over-year [5]. - Following the release of these results, FLR significantly lowered its FY 2025 outlook, attributing the downturn to project delays and reduced client awards, leading to a stock price drop of $15.35, or 27.04%, closing at $41.42 [5].

Core Viewpoint - A class action lawsuit has been filed against Fluor Corporation (FLR) by Berger Montague on behalf of investors who acquired shares between February 18, 2025, and July 31, 2025, due to alleged misrepresentation of the company's financial condition and undisclosed issues with major infrastructure projects [1][3]. Company Overview - Fluor Corporation, headquartered in Irving, Texas, provides engineering, procurement, construction, and project management services globally, with its Urban Solutions segment being the largest revenue contributor [2]. Allegations and Investigation - The investigation focuses on claims that FLR misrepresented its financial health and concealed escalating issues related to significant infrastructure projects, including rising costs and delays in the Gordie Howe, I-635/LBJ, and I-35 projects [3]. Financial Performance - On August 1, 2025, FLR reported disappointing Q2 2025 results, with earnings per share (EPS) of $0.43 and revenue of $3.98 billion, missing consensus estimates by $0.13 and $570 million, respectively. The company reduced its full-year forecast, attributing the shortfall to project execution failures and a slowdown in new contract awards. Following this announcement, FLR's stock price fell over 27%, closing at $41.42 on the same day [4]. Market Reaction - In response to the negative news, several brokerages downgraded FLR's stock, citing significant concerns regarding the company's internal controls and transparency [5].

Core Insights - Investors are taking a bearish stance on Fluor (NYSE:FLR), with significant options activity indicating potential market movements [1][2] - The overall sentiment among large investors is 36% bullish and 54% bearish, suggesting a cautious outlook [2] - The price range targeted by large investors for Fluor over the last three months is between $40.0 and $67.5 [3] Options Trading Activity - A total of 11 uncommon options trades were detected for Fluor, with 3 puts amounting to $132,762 and 8 calls totaling $1,214,695 [2] - The volume and open interest metrics indicate strong liquidity and investor interest in Fluor's options, particularly within the $40.0 to $67.5 strike price range over the past 30 days [4] Company Overview - Fluor is a leading global provider of engineering, procurement, construction, fabrication, operations, and maintenance services, serving various sectors including oil and gas, chemicals, mining, metals, and transportation [11] - The company generated $16.3 billion in revenue in 2024, indicating a robust market presence [11] Analyst Insights - An industry analyst has set an average target price of $51.0 for Fluor, maintaining a Buy rating [12][13] - The current stock price of FLR is $50.03, reflecting a 3.16% increase, with upcoming earnings expected in 10 days [15]

Core Viewpoint - A class action lawsuit has been filed against Fluor Corporation (FLR) by Berger Montague on behalf of investors who acquired shares between February 18, 2025, and July 31, 2025, alleging that the company concealed significant cost overruns and execution problems on key infrastructure projects [1][3]. Company Overview - Fluor Corporation, headquartered in Irving, Texas, provides engineering, procurement, construction, and project management services globally, with its Urban Solutions segment being the largest revenue driver among its three segments [2]. Allegations and Issues - The lawsuit claims that FLR concealed substantial cost overruns and execution issues on major projects, including the Gordie Howe International Bridge and I-635/LBJ, which were affected by subcontractor errors, supply chain inflation, and construction delays [3]. - The company allegedly overstated its risk mitigation strategies while failing to disclose the full impact of reduced client spending and macroeconomic uncertainties [3]. Financial Performance - Despite the ongoing issues, FLR reaffirmed its financial guidance in May 2025. However, on August 1, 2025, the company reported second-quarter results that significantly missed expectations, with non-GAAP EPS of $0.43 (missing by $0.13) and revenue of $3.98 billion (missing by $570 million) [4]. - Following these disappointing results, FLR cut its full-year guidance, leading to a 27.04% drop in stock price to $41.42 on August 1, 2025, prompting analysts to downgrade the stock due to lost confidence in management's disclosures and project oversight [4].

Core Viewpoint - Fluor Corporation is facing a class action lawsuit due to alleged violations of the Securities Exchange Act of 1934, with claims that the company and its executives made misleading statements regarding project costs and financial guidance during the class period from February 18, 2025, to July 31, 2025 [1][4]. Company Overview - Fluor Corporation provides engineering, procurement, construction, fabrication, modularization, and project management services, with notable infrastructure projects including the Gordie Howe International Bridge and various highways in Texas [3]. Allegations of the Lawsuit - The lawsuit alleges that Fluor failed to disclose increasing costs related to key infrastructure projects due to subcontractor design errors, price increases, and scheduling delays [4]. - It is claimed that these issues, along with reduced capital spending from customers and economic uncertainty, negatively impacted Fluor's business and financial results [4]. - The lawsuit also states that Fluor's financial guidance for fiscal year 2025 was deemed unreliable and that the effectiveness of its risk mitigation strategies was overstated [4]. Financial Performance - On August 1, 2025, Fluor reported second quarter 2025 non-GAAP earnings per share of $0.43, missing consensus estimates by $0.13, and revenue of $3.98 billion, which represented a 5.9% year-over-year decline and missed estimates by $570 million [5]. - Following the disappointing financial results, Fluor's stock price fell by more than 27% [5]. Lead Plaintiff Process - The Private Securities Litigation Reform Act of 1995 allows any investor who purchased Fluor securities during the class period to seek appointment as lead plaintiff in the lawsuit [6]. - The lead plaintiff will represent the interests of all class members and can select a law firm of their choice for litigation [6].

Core Insights - The data center market is experiencing explosive growth driven by the demand for AI, machine learning, and cloud computing technologies [1][2][4] Industry Overview - The global data center market is projected to grow at a compound annual growth rate (CAGR) of 11.2% from 2025 to 2030, largely due to the rapid adoption of digital transformation technologies [2] - In the U.S., which represents 40% of the global market, data centers are expected to grow at a CAGR of 10.7% through the early 2030s, presenting investment opportunities in AI-related infrastructure [3] Company Profile: Quanta Services - Quanta Services, with a market cap of $65.77 billion, specializes in the design, installation, and maintenance of critical infrastructure networks [5] - The company offers full-spectrum services including engineering, procurement, and construction for high-voltage power transmission and distribution, applicable across various industries [6] Financial Performance - Quanta Services reported a year-over-year revenue growth of 21.1% and has an all-time high backlog of nearly $36 billion [9] - The company's net income increased from $486 million in 2021 to $905 million in 2024, marking an over 86% rise, while net cash from operating activities surged by nearly 258% from $582 million to $2.08 billion [12] Market Position and Analyst Ratings - Quanta Services has received a Moderate Buy rating from analysts, with 14 out of 26 recommending a Buy and 12 a Hold [13] - Institutional ownership is significant, with 90% of the company's float held by institutional investors, who have invested $8.66 billion over the past year [13] Future Outlook - The company raised its full-year 2025 financial guidance, projecting earnings growth of 11.13% from $9.34 per share to $10.38 per share for 2026 [11] - Quanta Services is well-positioned to capitalize on the growing demand for AI data centers, which is expected to drive further profitability [4][10]

Core Viewpoint - Fluor Corporation is facing a class action lawsuit for alleged violations of the Securities Exchange Act of 1934, with claims that the company and its executives made misleading statements regarding project costs and financial guidance during a specified class period [1][3]. Group 1: Lawsuit Details - The class action lawsuit, titled Maglione v. Fluor Corporation, allows purchasers of Fluor securities from February 18, 2025, to July 31, 2025, to seek lead plaintiff status by November 14, 2025 [1]. - The lawsuit alleges that Fluor's costs for major infrastructure projects, including the Gordie Howe International Bridge and Texas highways, were increasing due to subcontractor errors, price hikes, and scheduling delays [2][3]. Group 2: Financial Impact - Fluor reported second quarter 2025 non-GAAP earnings per share of $0.43, missing consensus estimates by $0.13, and revenue of $3.98 billion, which is a 5.9% year-over-year decline and $570 million below expectations [4]. - Following the disappointing earnings report, Fluor's stock price dropped by over 27%, attributed to rising costs and reduced capital spending from clients [4]. Group 3: Allegations of Misleading Information - The lawsuit claims that Fluor's financial guidance for fiscal year 2025 was unrealistic and that the company overstated the effectiveness of its risk mitigation strategies while understating the impact of economic uncertainty on its business [3].

Core Viewpoint - The Fluor Corporation is facing a class action lawsuit due to alleged violations of the Securities Exchange Act of 1934, with claims that the company and its executives made misleading statements regarding project costs and financial guidance during a specified class period [1][4]. Group 1: Class Action Details - The class action lawsuit is titled Maglione v. Fluor Corporation, and it includes purchasers of Fluor securities from February 18, 2025, to July 31, 2025 [1]. - Investors have until November 14, 2025, to seek appointment as lead plaintiff in the lawsuit [1][6]. - The lawsuit alleges that Fluor's executives failed to disclose rising costs associated with key infrastructure projects, which negatively impacted the company's financial outlook [4]. Group 2: Allegations and Financial Impact - Allegations include that costs for the Gordie Howe International Bridge and other projects were increasing due to subcontractor errors, price hikes, and scheduling delays [4]. - Fluor reported a second quarter 2025 non-GAAP earnings per share of $0.43, missing estimates by $0.13, and revenue of $3.98 billion, a 5.9% year-over-year decline, missing estimates by $570 million [5]. - Following the disappointing financial results, Fluor's stock price dropped by over 27% [5]. Group 3: Legal Process and Firm Background - The Private Securities Litigation Reform Act of 1995 allows any investor who purchased Fluor securities during the class period to seek lead plaintiff status [6]. - Robbins Geller Rudman & Dowd LLP is the law firm representing investors in this case, known for securing significant monetary relief for investors in securities fraud cases [7].