NuScale Drives Surge in U.S. Engineering Stocks, Adding $900 Million in Market Cap in a Day

Fluor Corp (FLR) closed on the New York Stock Exchange at $52.00—up 7.82%—equivalent to roughly ₩77,000 per share.
Its market capitalization reached about $7.47 billion (approximately ₩11 trillion), a one-day increase of roughly $630 million (₩930 billion). Trading volume totaled 2.01 million shares.

Recently, Fluor completed its non-core asset divestiture by selling all 40 million remaining shares of small modular reactor developer NuScale Power, raising approximately $473 million (₩700 billion) in cash. With a project backlog of about $25.5 billion from large contract awards and an ongoing share-repurchase program, the market is increasingly optimistic about reduced earnings volatility and a potential rebound in performance.

Founded in 1912 and headquartered in Irving, Texas, Fluor is a U.S. engineering and construction firm specializing in large-scale EPC projects across energy and chemical plants, infrastructure, and government and defense sectors. Given its heavy exposure to infrastructure and energy projects—which are sensitive to economic cycles, commodity prices, and policy shifts—Fluor’s earnings and share price are viewed as significantly volatile, reflecting overall economic conditions and government investment trends.