Summary: Fluor Corporation executed a sale of 13,500,000 shares of NuScale Power Corp Class A common stock at $12.0665 per share on April 9, 2026, according to a Form 4 filing. The proceeds totaled $162,897,750. Following this disposition, Fluor directly holds 26,436,472 NuScale shares. The sale was carried out under terms of a previously disclosed agreement and the shares were beneficially owned by Fluor Enterprises, Inc., a wholly-owned Fluor subsidiary.
The transaction comes as NuScale shares have weakened, trading at $9.59 and implying a market capitalization of $3.25 billion at the time reported. The filing identifies Fluor as a roughly 10% owner of NuScale Power prior to the disposition.
Recent corporate developments at NuScale
- NuScale expanded its fuel manufacturing arrangement with Framatome to include European facilities, intended to support the company's European small modular reactor customers while maintaining activity at its Richland, Washington site to produce fuel assemblies for U.S. customers.
- The company also announced a partnership with Ebara Elliott Energy to develop and test a high-temperature steam compressor, a project that integrates NuScale's reactor technology with petrochemical plant applications.
- On the financial analysis side, UBS reduced its price target for NuScale from $20 to $13 and kept a Neutral rating, revising cash EBITDA estimates for 2026-2028. Craig-Hallum lowered its price target from $53 to $24 while maintaining a Buy rating, noting NuScale's potential as an early entrant in small modular reactor projects. A Bernstein report cited in public commentary emphasizes a potential role for small modular reactors in supporting AI and hyperscaler growth, aligning with NuScale's strategic positioning.
Ownership and mechanics of the sale
The Form 4 indicates the shares offered were beneficially held by Fluor Enterprises, Inc., and were sold pursuant to a previously disclosed agreement. After the sale Fluor's direct stake stands at 26,436,472 shares of NuScale Power Corp Class A common stock. The filing provides the transaction specifics but does not include additional commentary from Fluor or NuScale regarding the rationale beyond the referencing agreement.
Market context
NuScale's reported share-price decline and the contemporaneous analyst revisions are noted alongside the sale. The filing and the corporate announcements together provide the factual basis for assessing changes in ownership and recent operational and financial updates for NuScale.
All figures and developments are drawn from the Form 4 filing and NuScale disclosures cited in public filings and commentary.