Fluor Corporation is poised to reap major returns by selling a portion of its stake in NuScale Power (NYSE: SMR) for $1.6 billion, a move expected to generate a net profit of $1 billion. Over the past decade, Fluor has invested $600 million in NuScale, backing the development of its innovative small modular reactor (SMR) technology, now approved by U.S. regulators.

‍

Known for its large-scale construction projects and hurricane cleanup efforts, Fluor is leveraging its early support of NuScale to capitalize on the rising demand for clean energy solutions. NuScale’s technology is at the forefront of advanced nuclear energy, offering scalable, carbon-free power options. Current projects include a major initiative with Utah’s UAMPS, focused on delivering low-carbon energy solutions.

‍

In Q3, Fluor reported $4.23 billion in revenue, up 7.31% year-over-year. Net income hit $169 million, a 177.05% jump from last year, with earnings per share at $0.85, an 11.84% increase.

‍
Watch the video here:
‍