US Plant Stocks Lose $460 Billion in a Day, Aftermath of Earnings Shock Continues

Fluor Corp (NYSE: FLR) closed at $46.84 on June 10 on the New York Stock Exchange, down 5.34% from the previous day. Trading volume was about 1.35 million shares, and the company lost roughly $330 million (approximately ₩460 billion) in market value in a single session. Its current market capitalization stands at about $6.54 billion (around ₩9.2 trillion).

The stock has been under pressure since the first-quarter results announced last month came in well below market expectations and the company narrowed the lower end of its full-year adjusted EBITDA guidance. At the same time, Fluor has raised about $2.4 billion (roughly ₩3.4 trillion) by divesting its stake in NuScale and is reshuffling its energy project portfolio—securing early award of Phase Two of the LNG Canada project, among others—to reestablish growth momentum.

Headquartered in Irving, Texas, Fluor is a global engineering, procurement, and construction firm with more than a century of experience delivering large-scale projects in energy and petrochemicals, infrastructure, and U.S. federal government contracts. Recently, the company has emerged as a turnaround candidate by improving its financial structure and transforming its business mix through the NuScale stake sale, an aggressive share buyback program, and expansion into high-value technology plants such as semiconductor fabs and data centers.