Fluor Corp (FLR) – Rallies 11% on Advanced Nuclear Development
Fluor Corp. jumped by 10.97 percent on Wednesday to finish at $49.79 apiece, mirroring the rally in nuclear stocks amid the ongoing progress in nuclear development in the US.
The rally was likely boosted by the US Air Force's milestone deal with another small modular reactor (SMR) provider, in line with the United States' plan to ramp up the adoption of nuclear reactor technologies in the country.
The optimism spilled over to NuScale Power Corp., in which Fluor Corporation (NYSE:FLR) owns a significant stake.
In the first quarter of the year, Fluor Corporation (NYSE:FLR) swung to an attributable net loss of $241 million from a $59 million attributable net income in the same period last year.
A close-up of an engineer surveying a large-scale construction project.
Revenues increased by 6.7 percent to $3.98 billion from $3.73 billion year-on-year.
Fluor Corporation (NYSE:FLR) is a Texas-based engineering, procurement, and construction company that is heavy on building nuclear power plants.
Overall, FLR ranks 6th on our list of best-performing stocks on Wednesday. While we acknowledge the potential of FLR as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock.
READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.
Disclosure: None. This article is originally published at Insider Monkey.
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