Fluor Corp

Fluor Corporation (FLR) provides engineering, procurement, and construction (EPC) services for nuclear power facilities, including new reactor builds, plant upgrades, and decommissioning. With decades of experience on projects like Vogtle Units 3 and 4, Fluor serves as a critical enabler in the nuclear renaissance, delivering the specialized expertise needed to scale small modular reactors (SMRs) and advanced designs amid surging demand for reliable, carbon-free energy.

In the last 12 months, Fluor secured a $287 million contract from the U.S. Department of Energy for engineering support on the NuScale VOYGR SMR project, grew its nuclear backlog by 15% to over $3 billion, and expanded partnerships with utilities like Entergy for maintenance services. Key risks include chronic cost overruns and delays from supply chain bottlenecks, as evidenced by historical nuclear projects, evolving regulations slowing licensing, and margin pressure from fixed-price contracts in a high-inflation environment.

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