Fluor Corp, which serves as a director for NuScale Power Corp (NASDAQ:SMR), has reported the sale of a substantial block of shares in the nuclear energy company. The transaction, filed with the Securities and Exchange Commission, occurred on April 21, 2026.
Fluor Corp disposed of 13,500,000 shares of NuScale Power Class A Common Stock. The shares were sold at a price of $11.8092 each, amounting to a total value of approximately $159,424,200. This sale was made pursuant to a previously disclosed agreement. The stock has since risen to $13.57, though it remains down 64% over the past six months.
Following this transaction, Fluor Corp’s ownership of NuScale Power Class A Common Stock stands at zero shares. The shares involved in this transaction were beneficially owned by Fluor Enterprises, Inc., a wholly-owned subsidiary of Fluor Corporation.According to InvestingPro analysis, the stock currently appears overvalued and trades with high price volatility, with 10 additional ProTips available to subscribers.
In other recent news, NuScale Power has reported several significant developments. UBS has revised its earnings outlook for NuScale Power, reducing the company’s cash EBITDA estimates for 2026, 2027, and 2028, and subsequently lowering the stock’s price target from $20 to $13 while maintaining a Neutral rating. HSBC also initiated coverage on NuScale Power with a Hold rating, highlighting regulatory progress but noting execution risks. The company has received U.S. Nuclear Regulatory Commission standard design approvals for its 50 MW and 77 MW modules, which positions it favorably for domestic and international opportunities.
NuScale Power has expanded its fuel manufacturing partnership with Framatome to include European facilities, enhancing its capacity to produce fuel assemblies for both European and U.S. customers. Furthermore, NuScale Power and Ebara Elliott Energy have announced a collaboration to develop a commercial-scale high-temperature steam compressor, integrating NuScale’s reactor technology with Ebara Elliott’s turbomachinery expertise. A report from Bernstein suggests that small modular reactors, such as those developed by NuScale, are emerging as a solution for powering the rapid expansion of artificial intelligence and hyperscaler data centers. These developments underscore NuScale’s strategic efforts to capitalize on growing energy demands while navigating financial and operational challenges.
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