SCHEDULE: Fluor Corp. Reduces NuScale Stake

Fluor Corporation and its subsidiaries have reduced their stake in NuScale Power Corp., selling 13.5 million shares.

Summary

• Fluor Corporation and its subsidiaries, Fluor Enterprises, Inc. and NuScale Holdings Corp., have filed an amendment to their Schedule 13D, reporting changes in their beneficial ownership of NuScale Power Corporation's Class A Common Stock.
• As of April 9, 2026, Nuke (a subsidiary of Fluor Enterprises) sold 13,500,000 shares of Class A Common Stock to Bank of America, N.A. at a price of $12.0665 per share.
• Following this transaction, Nuke is the record owner of 26,436,472 shares of Class A Common Stock, representing 7.8% of the total outstanding Class A and Class B common stock.
• NuScale Holdings Corp. no longer owns any shares of Class A Common Stock.

Sentiment

Score: 3

Explanation: StockSavvy.ai views this filing as negative due to the significant reduction in ownership by a major entity and the complete exit of another related entity, which could signal a lack of confidence or a strategic shift.

Positives

• Fluor Corporation has successfully divested a significant portion of its NuScale Power stake at a defined price, potentially realizing capital.

Negatives

• Fluor Corporation and its subsidiaries have significantly reduced their ownership in NuScale Power Corp.
• NuScale Holdings Corp. has completely exited its ownership of NuScale Power Corp. Class A Common Stock.

Risks

• The reduction in ownership by a major entity like Fluor could be interpreted negatively by the market, potentially impacting NuScale Power's stock price.
• The sale of a large block of shares could indicate a lack of confidence or a strategic shift by Fluor away from NuScale Power.

Future Outlook

The filing does not contain specific forward-looking statements or guidance from management regarding future outlook. It primarily reports on a past transaction.

Industry Context

StockSavvy.ai notes that significant stake reductions by major shareholders can signal shifts in strategic focus or capital allocation priorities. For NuScale Power, a company in the nascent but potentially high-growth nuclear energy sector, such divestitures by a key partner like Fluor could raise questions about ongoing support or future collaboration, although the specific reasons are not detailed in this filing.

Related Party Transactions

• The sale of 13,500,000 shares of Class A Common Stock by Nuke Holdings, LLC (a subsidiary of Fluor Enterprises) to Bank of America, N.A. is a disclosed transaction between entities with a pre-existing relationship as outlined in the Tranche A BofA Letter Agreement.

Stakeholder Impact

• Shareholders of NuScale Power Corporation: May experience volatility in share price due to the reduced stake by a significant entity and the complete exit of NuScale Holdings.
• Fluor Corporation Shareholders: May see this as a strategic move to realize capital or reallocate resources, potentially viewed positively if it improves Fluor's financial position.
• Creditors of NuScale Power Corporation: May assess the reduced financial backing or strategic commitment from Fluor as a potential risk factor.

Next Steps

• Monitor NuScale Power Corporation's stock performance and any subsequent disclosures for market reaction to this ownership change.
• Observe any further strategic announcements or collaborations from NuScale Power Corporation and Fluor Corporation.

Key Dates

Recommendation

The filing indicates a significant reduction in ownership by Fluor Corporation and its subsidiaries, which is a negative signal. However, Fluor still retains a substantial stake (7.8%), and the specific reasons for the sale are not detailed, leaving room for interpretation. Without further information on Fluor's strategic rationale or NuScale's future prospects, a 'hold' recommendation is prudent, suggesting investors monitor further developments.

Keywords

NuScale Power, Fluor Corporation, Schedule 13D, Stock Sale, Beneficial Ownership, Energy, Nuclear Energy, SEC Filing