A class action lawsuit has been filed against NuScale Power Corporation, its executives, and Fluor Corporation for allegedly making false statements about the qualifications and experience of commercialization partner ENTRA1. The lawsuit alleges NuScale failed to disclose that ENTRA1 lacked significant experience in nuclear power generation. On November 6, 2025, NuScale revealed a $495 million payment to ENTRA1 and a $532 million quarterly net loss, causing the stock to decline over 12% in two days.
Fluor Corporation (FLR)
Fluor is one of the largest global providers of engineering, procurement, construction, fabrication, operations, and maintenance services.It serves a wide range of end markets, including oil and gas, chemicals, mining, metals, and transportation. The company's business is organized into three core segments: urban solutions, mission solutions, and energy solutions. Fluor generated $15.5 billion in revenue in 2025.
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Analysis
Share Price Chart
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Fluor Corporation, comparing it to the performance of the S&P 500 index.
All prices have been adjusted for splits and dividends.
Returns By Period
Fluor Corporation (FLR) has returned 17.21% so far this year and 58.72% over the past 12 months. Looking at the last ten years, FLR has achieved an annualized return of -1.26%, underperforming the Benchmark (SPY), which averaged 12.23% per year.
FLR
Benchmark (SPY)
Monthly Returns
The table below presents the monthly returns of Fluor Corporation (FLR) with color gradation from worst to best to easily spot seasonal factors.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 14.84% | 13.72% | -9.21% | -0.55% | ||||||||
| 2025 | -3.08% | -16.84% | -7.49% | -2.21% | 16.15% | 23.33% | 11.31% | -3.13% | 4.52% | 16.56% | -12.44% | -6.11% |
| 2024 | -2.66% | -3.08% | 14.61% | -4.84% | 7.35% | -1.02% | 9.54% | 4.31% | -3.62% | 9.86% | 6.19% | -12.18% |
| 2023 | 6.43% | -0.22% | -16.80% | -6.71% | -8.85% | 10.41% | 5.70% | 13.68% | 4.14% | -8.82% | 14.86% | 3.24% |
| 2022 | -16.04% | 2.51% | 33.32% | -13.91% | 14.99% | -13.20% | 5.35% | 5.68% | -4.56% | 17.70% | 9.76% | 3.22% |
| 2021 | 7.73% | -1.66% | 30.38% | -2.00% | -20.60% | -6.60% | -7.39% | -0.06% | -3.85% | 19.41% | 12.23% | 7.84% |
| 2020 | -5.64% | -48.08% | -26.41% | 74.37% | 5.55% | 2.29% | -15.44% | -7.21% | -6.77% | 28.10% | 48.88% | -9.70% |
| 2019 | 15.51% | 2.84% | -2.90% | 6.94% | -30.60% | 21.41% | -5.16% | -45.46% | 10.51% | -16.40% | 6.67% | 7.58% |
| 2018 | 17.18% | -5.84% | 0.69% | 3.48% | -17.45% | -0.57% | 6.11% | 12.92% | 1.18% | -25.20% | -7.10% | -22.97% |
| 2017 | 4.54% | -0.79% | -6.39% | -2.67% | -12.93% | 1.15% | -5.81% | -11.58% | 8.79% | 2.57% | 11.47% | 6.58% |
| 2016 | 3.13% | -3.47% | 0.24% | 8.49% | -3.03% | -1.12% | 1.64% | 2.49% | -3.05% |
Performance Indicators
The charts below present risk-adjusted performance metrics for Fluor Corporation (FLR) and compare them to a Benchmark (SPY). These indicators evaluate an investment's returns against its associated risks.
Sharpe ratio
Sortino ratio
Omega ratio
Calmar ratio
Martin ratio
sharpe ratio
The Sharpe ratio helps investors understand how much return they're getting for the level of risk taken. A higher Sharpe ratio indicates better risk-adjusted performance, meaning more reward for each unit of risk.
These values reflect how efficiently the investment has delivered returns relative to its volatility over different time periods. All figures are annualized and based on daily total returns.
The chart below shows the rolling Sharpe ratio of FLR compared to the benchmark. This view highlights how the investment's risk-adjusted performance has changed over time.
Volatility Chart
The current Fluor Corporation volatility is 3.17%, representing the standart deviation of percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. It shows the maximum percentage drop from a peak to a trough over a specified period, indicating the risk of significant losses.
Although chart shows positive values, it represents the percentage drop from the peak, so a value of 10% means the portfolio has dropped 10% from its highest point.
Income Statement
The income statement provides a summary of a company's revenues, expenses, and profits over a specific period. It shows how much money the company earned (revenues) and how much it spent (expenses), leading to the net income or profit. This statement is crucial for understanding a company's financial performance and profitability.
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Liabilities And Equity (USD) | 8.24B | 9.14B | 6.97B | 6.83B | 7.28B | 7.31B | 7.97B | 8.91B | 9.33B | 9.22B | 7.63B | 8.19B | 8.32B | 8.28B | 8.27B |
| Equity Attributable To Parent (USD) | 3.24B | 3.95B | 1.94B | 1.79B | 1.39B | 1.03B | 1.49B | 2.96B | 3.34B | 3.13B | 3.00B | 3.11B | 3.76B | 3.34B | 3.40B |
| Equity Attributable To Noncontrolling Interest (USD) | 33.00M | 43.00M | 112.00M | 210.00M | 174.23M | 232.98M | 96.34M | 154.87M | 150.09M | 117.64M | 116.15M | 112.96M | 123.84M | 85.80M | 64.38M |
| Equity (USD) | 3.28B | 3.99B | 2.05B | 2.00B | 1.57B | 1.26B | 1.58B | 3.12B | 3.49B | 3.24B | 3.11B | 3.22B | 3.88B | 3.43B | 3.46B |
| Noncurrent Liabilities (USD) | 1.58B | 2.08B | 1.76B | 1.62B | 1.81B | 2.47B | 2.45B | 2.24B | 2.26B | 2.16B | 1.58B | 1.64B | 1.04B | 961.84M | 970.26M |
| Other Current Liabilities (USD) | 1.28B | 1.21B | 1.30B | 1.57B | 2.24B | 1.70B | 2.03B | 1.26B | 1.35B | 1.49B | 999.25M | 1.18B | 1.01B | 1.18B | 1.44B |
| Wages (USD) | 621.00M | 640.00M | 653.00M | 626.00M | 566.94M | 637.56M | 541.02M | 649.49M | 706.52M | 734.65M | 669.59M | 725.59M | 753.45M | 755.08M | 668.11M |
| Accounts Payable (USD) | 1.48B | 1.22B | 1.21B | 1.02B | 1.10B | 1.23B | 1.36B | 1.64B | 1.51B | 1.59B | 1.27B | 1.42B | 1.64B | 1.95B | 1.73B |
| Current Liabilities (USD) | 3.38B | 3.07B | 3.16B | 3.22B | 3.90B | 3.57B | 3.93B | 3.55B | 3.57B | 3.82B | 2.94B | 3.33B | 3.41B | 3.89B | 3.84B |
| Liabilities (USD) | 4.96B | 5.15B | 4.92B | 4.83B | 5.71B | 6.05B | 6.38B | 5.80B | 5.84B | 5.97B | 4.52B | 4.97B | 4.44B | 4.85B | 4.81B |
| Other Non-current Assets (USD) | 1.33B | 3.47B | 1.45B | 1.34B | 1.33B | 1.64B | 1.80B | 2.30B | 2.44B | 2.40B | 1.44B | 1.43B | 1.33B | 1.21B | 1.47B |
| Intangible Assets (USD) | - | - | - | - | - | 77.57M | 105.68M | 159.12M | 188.35M | 190.30M | 24.00M | 23.00M | 24.00M | 21.00M | - |
| Fixed Assets (USD) | 464.00M | 494.00M | 458.00M | 447.00M | 386.59M | 561.08M | 543.04M | 1.01B | 1.09B | 1.02B | 892.34M | 980.26M | 966.95M | 951.26M | 921.59M |
| Noncurrent Assets (USD) | 1.79B | 3.97B | 1.91B | 1.78B | 1.72B | 2.28B | 2.45B | 3.47B | 3.73B | 3.61B | 2.35B | 2.44B | 2.32B | 2.18B | 2.39B |
| Current Assets (USD) | 6.44B | 5.18B | 5.06B | 5.04B | 5.56B | 5.03B | 5.52B | 5.44B | 5.60B | 5.61B | 5.28B | 5.76B | 6.00B | 6.09B | 5.88B |
| Assets (USD) | 8.24B | 9.14B | 6.97B | 6.83B | 7.28B | 7.31B | 7.97B | 8.91B | 9.33B | 9.22B | 7.63B | 8.19B | 8.32B | 8.28B | 8.27B |
News and Insights

Fluor, an engineering and construction company, is expanding its nuclear energy presence in Europe with a new office in Bucharest, Romania. The company is managing significant projects including NuScale's small modular reactor deployment (RoPower) and the multibillion-dollar refurbishment and expansion of the Cernavodã Nuclear Power Plant. With global nuclear energy expansion accelerating, Fluor is positioned to benefit from the infrastructure build-out while shifting toward more stable reimbursable contracts.
NOVAGOLD Resources will release its Q1 2026 financial results on April 1, 2026, followed by a conference call. The company, along with Donlin Gold Holdings, has awarded engineering contracts to WSP, Worley, and Hatch for key infrastructure work on the Bankable Feasibility Study, and previously selected Fluor as the lead partner for the study.

The article recommends three industrial stocks positioned to outperform the S&P 500 in 2026: Fluor, a construction and engineering firm benefiting from AI data center infrastructure demands; Waste Management, a reliable garbage collection company with growing recycling and medical waste segments; and USA Rare Earth, a pre-revenue company with an upcoming magnet manufacturing facility launch and significant rare earth mining potential.

Fluor, a construction company, has improved its business model by shifting toward reimbursable contracts (81% of backlog) and raising $1.35 billion from NuScale Power stock sales. While the company is in a stronger financial position with improved cash flow for share buybacks, the stock has already doubled in five years. Conservative investors should be cautious due to cyclical industry risks and potential recession impacts on large construction projects.
NOVAGOLD and Paulson Advisers have awarded specialized engineering contracts to WSP, Worley, and Hatch for key components of the Donlin Gold project's Bankable Feasibility Study. WSP will design the 215 MW power plant, Worley will engineer the 316-mile natural gas pipeline, and Hatch will design the pressure oxidation circuit and oxygen plant. These contracts complement Fluor's role as lead engineering firm, with work expected to be completed in 2027.
Fluor Corporation faces securities class action lawsuit as a control person of NuScale Power Corporation (NYSE: SMR). NuScale shares declined over 70% during the class period (May 13, 2025 - November 6, 2025) following disclosure of a $495 million payment to newly-formed ENTRA1 Energy LLC and a $532 million quarterly net loss. The complaint alleges Fluor, as NuScale's largest shareholder and board influencer, failed to oversee misrepresentations about ENTRA1's qualifications and NuScale's commercialization strategy. Lead plaintiff deadline is April 20, 2026.
A class action lawsuit has been filed against NuScale Power Corporation, alleging that the company and its executives made false and misleading statements about its commercialization partner ENTRA1's experience and qualifications in nuclear power generation. The lawsuit claims NuScale failed to disclose that ENTRA1 lacked significant prior experience, exposing the company's strategy to material undisclosed risks. The case was triggered by NuScale's November 2025 earnings report revealing a $495 million payment to ENTRA1 and a $532 million quarterly net loss, causing the stock to decline over 12% in two days.

NuScale Power's stock plummeted 26.5% in February due to multiple setbacks: its flagship Romania project was delayed to 2034 (four years behind schedule), a shocking $507.4 million milestone payment to commercialization partner ENTRA1 Energy spooked investors, operating losses nearly quintupled to $690 million, and major shareholder Fluor is exiting its stake. Analysts have downgraded the stock and the company faces investor lawsuits.

NuScale Power and Oklo are competing in the next-generation nuclear reactor market with different approaches. NuScale produces small modular reactors (SMRs) and has secured major contracts with Romania and TVA, but won't deploy reactors until the early 2030s. Oklo makes smaller microreactors and is expected to generate revenue starting in late 2027. While Oklo appears ahead in deployment timeline, NuScale trades at a more reasonable valuation (19x 2027 sales vs. Oklo's 600x). The article suggests Oklo may outperform in the near term due to earlier catalysts, while NuScale's long-term potential remains strong but faces near-term headwinds.