Nuclear Power Beneficiaries Also Shaken... 5% Market Cap Vanished in a Day

Fluor Corporation (NYSE: FLR) closed at $51.30 on May 6, down 5.35% on the New York Stock Exchange. Its market capitalization now stands at about $7.3 billion (roughly KRW 10 trillion), erasing approximately $370 million (around KRW 500 billion) in enterprise value in a single day.

With its first-quarter 2026 earnings release and conference call set for May 8, investors are focusing on Fluor’s performance following the sale of its NuScale stake, as well as future contract awards and guidance, as key drivers for the share price. In a February filing, the company reported $15.5 billion in revenue for 2025 (about KRW 20 trillion), disclosed that it will receive $1.35 billion from the NuScale stake sale in Q1 2026, and outlined plans to repurchase approximately $1.4 billion of its own shares during 2026.

Headquartered in Irving, Texas, Fluor is one of the largest U.S. engineering, procurement, and construction (EPC) firms, executing energy, infrastructure, and government projects worldwide. Since its founding in 1912, the company has completed major refining, petrochemical, and nuclear projects. It is currently reshaping its portfolio and governance structure through its investment in small modular reactor (SMR) specialist NuScale—with plans to fully monetize that stake by Q2 2026—and by appointing a new independent director in March 2026.