Latest news with #FluorCorporation
Yahoo
2 days ago
- Business
- Yahoo
Multiple Tailwinds Send Fluor Corp. (FLR) Shares Higher
Hotchkis & Wiley, an investment management company, released its 'Hotchkis & Wiley Mid-Cap Value Fund' second quarter 2025 investor letter. A copy of the letter can be downloaded here. In the second quarter of 2025, equity market performance experienced significant volatility, primarily due to changes in U.S. trade policies and escalating geopolitical tensions. The fund lagged behind the Russell Midcap Value Index in the second quarter, gaining 3.63% vs 5.35% for the index. Please review the fund's top 5 holdings to gain insight into their key selections for 2025. In its second-quarter 2025 investor letter, Hotchkis & Wiley Mid-Cap Fund highlighted stocks such as Fluor Corporation (NYSE:FLR). Fluor Corporation (NYSE:FLR) is an engineering, procurement, and construction (EPC) company. The one-month return of Fluor Corporation (NYSE:FLR) was 8.76%, and its shares gained 16.40% of their value over the last 52 weeks. On July 29, 2025, Fluor Corporation (NYSE:FLR) stock closed at $55.99 per share with a market capitalization of $9.22 billion. Hotchkis & Wiley Mid-Cap Fund stated the following regarding Fluor Corporation (NYSE:FLR) in its second quarter 2025 investor letter: "Fluor Corporation (NYSE:FLR) is one of the largest contractors in the US. Unlike many competitors that specialize in elements of project delivery, most of Fluor's revenue comes from projects where it provides full Engineering, Procurement, and Construction (EPC) services. The company's shares rose in the quarter on improving margins and increased stock buyback guidance. Fluor is a high-quality professional services company with a medium-risk business model that grows with no reinvested capital. Valuation is extremely attractive on normal earnings and even more attractive if its NuScale small-scale nuclear reactor business realizes its potential." A close-up of an engineer surveying a large-scale construction project. Fluor Corporation (NYSE:FLR) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 51 hedge fund portfolios held Fluor Corporation (NYSE:FLR) at the end of the first quarter, which was 48 in the previous quarter. While we acknowledge the potential of Fluor Corporation (NYSE:FLR) as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. In another article, we covered Fluor Corporation (NYSE:FLR) and shared the list of best undervalued stocks to invest in. Fluor Corporation (NYSE: FLR) was one of the largest individual detractors to the performance of the Hotchkis & Wiley Mid-Cap Fund in the previous quarter. In addition, please check out our hedge fund investor letters Q2 2025 page for more investor letters from hedge funds and other leading investors. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Wire
3 days ago
- Business
- Business Wire
Fluor Receives Final Notice to Proceed from Barrick on Reko Diq Copper Project in Pakistan
IRVING, Texas--(BUSINESS WIRE)--Fluor Corporation (NYSE: FLR) announced today that it has received final notice to proceed from Barrick Mining Corporation on its Reko Diq Project in Balochistan, Pakistan. Fluor was selected as Barrick's lead engineering, procurement and construction management (EPCM) partner in April 2025 and recognized its portion of the undisclosed contract in the second quarter. Fluor has received final notice to proceed from Barrick Mining Corporation on its Reko Diq Project in Balochistan, Pakistan. Share 'Fluor and Barrick share a strong commitment to delivering large-scale mining projects safely, responsibly and efficiently,' said Harish Jammula, President of Fluor's Mining & Metals business. 'Reko Diq will be a major contributor to Pakistan's economy, which is expected to have a transformative impact on Balochistan province. The mine will create jobs, stimulate regional economic growth and support long-term investment in development programs.' 'Fluor's selection as our EPCM partner strengthens our ability to execute the Reko Diq project with the technical rigor, operational discipline and socio-environmental responsibility that are hallmarks of both companies,' said Mark Bristow, President and CEO of Barrick. 'We look forward to working closely with Fluor to ensure that Reko Diq delivers lasting value to the equity partners, both local and international, as well as the many in-country stakeholders, including the people of Balochistan and Pakistan.' Reko Diq is a generational project that is expected to have a life that will extend well beyond 40 years as a truck-and-shovel open pit operation with processing facilities producing a high-quality copper-gold concentrate. The project will comprise multiple open pit mines and associated infrastructure, concentrate process facilities and transportation network for moving goods, consumables and concentrate between the site and port. Construction will begin later this year and will be built in two phases. First production is targeted for 2028. When fully operational, the site will be capable of a total throughput of 90 million tonnes per annum. Fluor brings extensive global experience in delivering large copper concentrate projects in some of the world's most challenging locations, including high-altitude, remote and logistically complex environments. About Fluor Corporation Fluor Corporation (NYSE: FLR) is building a better world by applying world-class expertise to solve its clients' greatest challenges. Fluor's nearly 27,000 employees provide professional and technical solutions that deliver safe, well-executed, capital-efficient projects to clients around the world. Fluor had revenue of $16.3 billion in 2024 and is ranked 257 among the Fortune 500 companies. With headquarters in Irving, Texas, Fluor has provided engineering, procurement, construction and maintenance services for more than a century. For more information, please visit or follow Fluor on Facebook, Instagram, LinkedIn, X and YouTube. #m&m
Yahoo
4 days ago
- Business
- Yahoo
Fluor Corporation (FLR) Advances U.S. Rare Earth Project with Ramaco
We recently compiled a list of Fluor Corporation stands second on our list among the most undervalued stocks. Fluor Corporation (NYSE:FLR), a global leader in engineering, procurement, and construction (EPC) services, is expanding its role in the critical minerals sector, which is vital for high-tech manufacturing and national security. In July 2025, the company completed a Preliminary Economic Assessment (PEA) for Ramaco Resources' Brook Mine, potentially the largest unconventional rare earth deposit in the U.S. The project is technically and commercially viable, projecting a 38% internal rate of return, with an expected steady-state EBITDA of $143 million by 2029 and annual revenue of $378 million. An engineer in her office examining a blueprint, surrounded by engineering components. Fluor Corporation (NYSE:FLR)'s involvement reflects a strategic shift toward supporting the domestic supply of critical minerals like gallium, scandium, and neodymium, essential for electronics, batteries, and defense technologies. This work aligns with national priorities to reduce dependence on foreign sources and bolster clean energy infrastructure. By leveraging its engineering expertise, the company is positioning itself at the forefront of critical mineral development, moving beyond traditional infrastructure projects to address emerging global demands. While we acknowledge the potential of FLR as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. Disclosure: None. Sign in to access your portfolio
Yahoo
08-07-2025
- Business
- Yahoo
Update on Independent Preliminary Economic Assessment Report from Fluor Corporation
LEXINGTON, Ky., July 8, 2025 /PRNewswire/ -- Ramaco Resources, Inc. (NASDAQ: METC, METCB) ("Ramaco" or the "Company") announces that on July 9 it will receive the Preliminary Economic Assessment (the "PEA") of Ramaco's Brook Mine from the Fluor Corporation. The PEA will be presented to the Ramaco Board of Directors (the "Board") at its Board meeting tomorrow. Following Fluor's presentation to the Board and the Board's opportunity to review, Ramaco expects to release a summary of the updated information to its website this week. About Ramaco Resources, Inc. Ramaco Resources, Inc. is an operator and developer of high-quality, low-cost metallurgical coal in southern West Virginia, and southwestern Virginia and a developing producer of coal, rare earth and critical minerals in Wyoming. Its executive offices are in Lexington, Kentucky, with operational offices in Charleston, West Virginia and Sheridan, Wyoming. The Company currently has four active metallurgical coal mining complexes in Central Appalachia and one coal mine and rare earth development near Sheridan, Wyoming in the initial stages of production. In 2023, the Company announced that a major deposit of primary magnetic rare earths and critical minerals was discovered at its mine near Sheridan, Wyoming. Contiguous to the Wyoming mine, the Company operates a carbon research and pilot facility related to the production of advanced carbon products and materials from coal. In connection with these activities, it holds a body of roughly 76 intellectual property patents, pending applications, exclusive licensing agreements and various trademarks. News and additional information about Ramaco Resources, including filings with the Securities and Exchange Commission, are available at For more information, contact investor relations at (859) 244-7455. Point of Contact:INVESTOR RELATIONS:info@ 859-244-7455 View original content to download multimedia: SOURCE Ramaco Resources, Inc. Sign in to access your portfolio
Yahoo
12-06-2025
- Business
- Yahoo
Fluor Corp (FLR) – Rallies 11% on Advanced Nuclear Development
We recently published a list of . In this article, we are going to take a look at where Fluor Corporation (NYSE:FLR) stands against other best-performing stocks on Wednesday. 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.
