How Analysts See Fluor’s Story Changing After NuScale and Nuclear Power Deals

Fluor stock has recently seen its consensus analyst price target climb from $49.89 to $51.00, reflecting a shift in the narrative surrounding the company. This change is attributed largely to the growing potential of its collaboration with NuScale Power, as analysts weigh both the transformational opportunity and the challenges ahead. Stay tuned to see how you can follow ongoing updates as the story around Fluor continues to develop.

Analyst Price Targets don’t always capture the full story. Head over to our Company Report to find new ways to value Fluor.

🐂 Bullish Takeaways

• BofA highlights that NuScale Power, in which Fluor holds a significant stake, has secured the largest small modular reactor (SMR) power commitment by a utility in U.S. history. This agreement with the Tennessee Valley Authority and ENTRA1 Energy could enable the deployment of up to 6 GW of new nuclear capacity. This development provides substantial growth momentum for Fluor.

• The scale of this commitment could ultimately power about 4.5 million homes, pointing to meaningful commercial progress and long-term potential for Fluor as a NuScale shareholder.

🐻 Bearish Takeaways

• Despite acknowledging the opportunity, BofA maintains a Neutral rating on NuScale and emphasizes that further binding commercial steps are necessary before becoming more constructive in outlook. This highlights ongoing execution risk and some caution regarding immediate upside.

• BofA notes that Fluor is eligible to begin monetizing its stake in NuScale in the near term but sets a $38 price target on NuScale shares. This suggests limited immediate valuation upside in the current environment.

Do your thoughts align with the Bull or Bear Analysts? Perhaps you think there’s more to the story. Head to the Simply Wall St Community to discover more perspectives or begin writing your own Narrative!

NYSE:FLR Community Fair Values as at Nov 2025

• Activist investor Starboard Value has acquired nearly 5% of Fluor and is pushing for strategies to boost the company’s share price, including unlocking value from its significant stake in NuScale Power (Wall Street Journal).

• Starboard Value is advocating for Fluor to separate its NuScale Power stake and capitalize on new infrastructure policy and recent competitor exits in order to enhance shareholder returns.

• Fluor has secured a major contract with LanzaJet for the front-end engineering and design of Project Speedbird, a sustainable aviation fuel hub in North Yorkshire, England. This project is expected to produce over 90,000 tonnes of SAF and renewable diesel each year.

• The company was also selected to participate in the Cooperative Threat Reduction Integrating Contract IV with the U.S. Defense Threat Reduction Agency, positioning Fluor to compete for task orders worth up to $3.5 billion over the next decade.