Fluor Corporation disposed of 12,936,472 shares of NuScale Power Corporation Class A common stock on April 15, 2026, according to a Form 4 filed with the Securities and Exchange Commission. The shares were sold at $11.6293 apiece, producing gross proceeds of $150,442,113.
After completing the transaction, Fluor - through its wholly owned unit Fluor Enterprises, Inc. - continues to beneficially own 13,500,000 shares of NuScale Power. At the most recent market price of $12.65 per share, that remaining position is valued at roughly $171 million.
The Form 4 was executed and signed on April 17, 2026 by Kevin B. Hammonds, who is listed as Chief Legal Officer and Corporate Secretary of Fluor Corporation. According to the filing, the disposition was carried out pursuant to an agreement that was disclosed previously.
Market movement around the trade has been notable. NuScale’s stock had climbed to $12.65 following the sale and posted a 23.89% gain over the last week, even as the share price remains down 74% over the previous six months.
Independent analysis cited in the filing notes that NuScale is trading slightly above its Fair Value and remains an unprofitable company. Investors seeking additional analysis can reference a more detailed Pro Research Report that covers NuScale alongside a broad universe of U.S. equities.
Beyond the insider transaction, NuScale has been advancing commercial and technical collaborations. The company announced a research partnership with Ebara Elliott Energy to develop a high-temperature steam compressor intended to integrate NuScale’s small modular reactor (SMR) technology with petrochemical plants. The program targets process steam production at temperatures of 500°C or greater.
In parallel, NuScale expanded a fuel-manufacturing agreement with Framatome to encompass European production facilities. That extension is aimed at enhancing the capacity to fabricate fuel assemblies for customers in both Europe and the United States.
Analyst coverage and forecasts have been adjusted in light of NuScale’s progress and outlook. UBS reduced its price target from $20 to $13 while maintaining a Neutral rating, and revised its cash EBITDA projections for NuScale to negative $141 million for 2026, negative $77 million for 2027, and positive $279 million for 2028. Craig-Hallum trimmed its price target from $53 to $24 but retained a Buy rating, underscoring NuScale’s potential as an early mover in SMR project development and referencing the company’s partnership with ENTRA1 for project development and financing.
Industry commentary referenced in the filings also highlights potential demand drivers for SMRs. A report cited suggests that small modular reactors could play an important part in supplying dense, reliable power to support artificial intelligence workloads and hyperscaler growth. The analysis notes that SMRs appear to align with data center requirements for continuous, high-density power, and that several commercial agreements between SMR developers and hyperscalers have been announced to accelerate development.
The Form 4 filing and the surrounding corporate updates provide a combined picture of an institutional seller monetizing a large stake while maintaining a material residual position, and of NuScale continuing to build technical partnerships and expand fuel-production arrangements as analysts recalibrate expectations.