SCHEDULE: Fluor Reduces NuScale Stake Below 5% Threshold

Fluor Corporation and its subsidiary have reduced their beneficial ownership in NuScale Power Corp. to 3.9%, triggering the final amendment to their Schedule 13D filing.

Summary

• Fluor Corporation and its wholly-owned subsidiary, Fluor Enterprises, Inc. (collectively, the "Reporting Persons"), filed Amendment No. 9 to their Schedule 13D.
• On April 15, 2026, Nuke Holdings, LLC, a wholly-owned subsidiary of Fluor Enterprises, sold 12,936,472 shares of NuScale Power Corp. Class A Common Stock to Citibank, N.A. at a price of $11.6293 per share.
• Following this transaction, Nuke Holdings, LLC is the record owner of 13,500,000 shares of Class A Common Stock.
• The remaining 13,500,000 shares represent 3.9% of the total outstanding Class A and Class B Common Stock of NuScale Power Corp.
• As of April 15, 2026, the Reporting Persons are no longer beneficial owners of more than five percent of NuScale's securities.
• This Amendment No. 9 represents the final amendment to the Schedule 13D for Fluor Corporation and Fluor Enterprises, Inc.

Sentiment

Score: 4

Explanation: StockSavvy.ai views this as a slightly negative development for NuScale, as a significant early investor has substantially reduced its stake, potentially signaling a shift in strategic alignment or capital allocation priorities, though it is a factual report of a transaction rather than an operational update.

Future Outlook

This Amendment No. 9 marks the final amendment to the Schedule 13D, indicating that Fluor Corporation and Fluor Enterprises, Inc. are no longer required to report their holdings on Schedule 13D as their beneficial ownership has fallen below the five percent threshold. No other forward-looking statements or guidance regarding NuScale's operations or future performance are provided.

Industry Context

StockSavvy.ai notes that Fluor's significant reduction in its stake in NuScale Power Corp. could be interpreted in the broader context of the evolving small modular reactor (SMR) market. As an early and major investor, Fluor's divestment might signal a strategic re-evaluation of its long-term capital allocation or a realization of gains, potentially influencing market perception of NuScale's immediate investment appeal.

Stakeholder Impact

• Shareholders of NuScale Power Corp. may react to the reduced institutional ownership by Fluor, potentially impacting stock price due to perceived reduced confidence from a key early backer.
• Fluor Corporation shareholders may view this as a strategic capital reallocation or monetization event.

Next Steps

• This Amendment No. 9 is the final amendment to the Schedule 13D for Fluor Corporation and Fluor Enterprises, Inc., meaning they will no longer file Schedule 13D amendments for NuScale Power Corp. unless their beneficial ownership again exceeds 5%.

Key Dates

Recommendation

The filing reports a significant reduction in Fluor Corporation's beneficial ownership of NuScale Power Corp. shares. While this transaction itself doesn't directly reflect NuScale's operational performance, a major shareholder reducing its stake can introduce market uncertainty. Investors should hold to assess the market's reaction and NuScale's future strategic developments without immediate panic selling or buying based solely on this ownership change.

Keywords

NuScale Power, Fluor Corporation, Schedule 13D, Share Sale, Beneficial Ownership, Divestment, Nuclear Energy, SMR