Fluor, a major engineering and construction firm, has outperformed the S&P 500 over the past five years with a 120% gain. After stabilizing its business by shifting from risky fixed-price projects to reimbursable contracts, the company is positioned for growth driven by its $25.5 billion backlog and exposure to expanding cloud, AI, government, and nuclear markets. Analysts expect 16% EPS growth through 2028, with potential for the stock to double to $100 over the next five years if current projections hold.

Fluor Corporation appointed Robert Card, former CEO of SNC-Lavalin, to its board as part of leadership changes including the transition of executive chairman David Constable to Jim Hackett. Card's extensive experience in engineering, energy, and corporate governance could help Fluor streamline operations and expand higher-growth businesses in energy transition, infrastructure, and advanced manufacturing. However, the article notes that management changes alone are unlikely to significantly move the stock; actual resolution of project delays, cost overruns, and cash raises from asset divestitures will be more impactful.

A class action lawsuit has been filed against NuScale Power Corporation, its executives, and Fluor Corporation for allegedly making false statements about the qualifications and experience of commercialization partner ENTRA1. The lawsuit alleges NuScale failed to disclose that ENTRA1 lacked significant experience in nuclear power generation. On November 6, 2025, NuScale revealed a $495 million payment to ENTRA1 and a $532 million quarterly net loss, causing the stock to decline over 12% in two days.

Fluor, an engineering and construction company, is expanding its nuclear energy presence in Europe with a new office in Bucharest, Romania. The company is managing significant projects including NuScale's small modular reactor deployment (RoPower) and the multibillion-dollar refurbishment and expansion of the Cernavodã Nuclear Power Plant. With global nuclear energy expansion accelerating, Fluor is positioned to benefit from the infrastructure build-out while shifting toward more stable reimbursable contracts.

NOVAGOLD Resources will release its Q1 2026 financial results on April 1, 2026, followed by a conference call. The company, along with Donlin Gold Holdings, has awarded engineering contracts to WSP, Worley, and Hatch for key infrastructure work on the Bankable Feasibility Study, and previously selected Fluor as the lead partner for the study.

The article recommends three industrial stocks positioned to outperform the S&P 500 in 2026: Fluor, a construction and engineering firm benefiting from AI data center infrastructure demands; Waste Management, a reliable garbage collection company with growing recycling and medical waste segments; and USA Rare Earth, a pre-revenue company with an upcoming magnet manufacturing facility launch and significant rare earth mining potential.

Fluor, a construction company, has improved its business model by shifting toward reimbursable contracts (81% of backlog) and raising $1.35 billion from NuScale Power stock sales. While the company is in a stronger financial position with improved cash flow for share buybacks, the stock has already doubled in five years. Conservative investors should be cautious due to cyclical industry risks and potential recession impacts on large construction projects.

NOVAGOLD and Paulson Advisers have awarded specialized engineering contracts to WSP, Worley, and Hatch for key components of the Donlin Gold project's Bankable Feasibility Study. WSP will design the 215 MW power plant, Worley will engineer the 316-mile natural gas pipeline, and Hatch will design the pressure oxidation circuit and oxygen plant. These contracts complement Fluor's role as lead engineering firm, with work expected to be completed in 2027.

Fluor Corporation faces securities class action lawsuit as a control person of NuScale Power Corporation (NYSE: SMR). NuScale shares declined over 70% during the class period (May 13, 2025 - November 6, 2025) following disclosure of a $495 million payment to newly-formed ENTRA1 Energy LLC and a $532 million quarterly net loss. The complaint alleges Fluor, as NuScale's largest shareholder and board influencer, failed to oversee misrepresentations about ENTRA1's qualifications and NuScale's commercialization strategy. Lead plaintiff deadline is April 20, 2026.

A class action lawsuit has been filed against NuScale Power Corporation, alleging that the company and its executives made false and misleading statements about its commercialization partner ENTRA1's experience and qualifications in nuclear power generation. The lawsuit claims NuScale failed to disclose that ENTRA1 lacked significant prior experience, exposing the company's strategy to material undisclosed risks. The case was triggered by NuScale's November 2025 earnings report revealing a $495 million payment to ENTRA1 and a $532 million quarterly net loss, causing the stock to decline over 12% in two days.

NuScale Power's stock plummeted 26.5% in February due to multiple setbacks: its flagship Romania project was delayed to 2034 (four years behind schedule), a shocking $507.4 million milestone payment to commercialization partner ENTRA1 Energy spooked investors, operating losses nearly quintupled to $690 million, and major shareholder Fluor is exiting its stake. Analysts have downgraded the stock and the company faces investor lawsuits.

NuScale Power and Oklo are competing in the next-generation nuclear reactor market with different approaches. NuScale produces small modular reactors (SMRs) and has secured major contracts with Romania and TVA, but won't deploy reactors until the early 2030s. Oklo makes smaller microreactors and is expected to generate revenue starting in late 2027. While Oklo appears ahead in deployment timeline, NuScale trades at a more reasonable valuation (19x 2027 sales vs. Oklo's 600x). The article suggests Oklo may outperform in the near term due to earlier catalysts, while NuScale's long-term potential remains strong but faces near-term headwinds.