Fluor Sells $1.35B in NuScale Shares, Launches Trading Program for Remaining Stake

Engineering firm Fluor completes major sale of NuScale Power shares and initiates buyback of its own stock.

Published on Feb. 18, 2026

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Fluor Corporation has announced the completion of a $1.35 billion sale of 71 million shares in its subsidiary NuScale Power Corporation. The company has also launched a trading program to monetize its remaining 40 million NuScale shares, which it expects to finalize in the second quarter of 2026. Including previous sales in 2025, Fluor has now captured nearly $2 billion in total proceeds from its NuScale investment. Fluor also revealed that it has repurchased nearly 17 million shares of its own common stock since the fourth quarter of 2025, deploying over $700 million, and its board has approved an additional 30 million shares for its buyback program.

Why it matters

The sale of Fluor's NuScale shares and the stock buyback program demonstrate the company's efforts to enhance value for its shareholders by monetizing its investment in the nuclear technology firm and returning capital directly to investors. This move comes as Fluor looks to streamline its business and focus on its core engineering, procurement, and construction services.

The details

Fluor has completed the sale of 71 million shares in its subsidiary NuScale Power, generating $1.35 billion in gross proceeds. The company has also launched a trading program to monetize its remaining 40 million NuScale shares, which it expects to finalize in the second quarter of 2026. Since the fourth quarter of 2025, Fluor has repurchased nearly 17 million shares of its own common stock, deploying over $700 million. The company's board of directors has also approved an additional 30 million shares for its stock buyback program, bringing the total available for repurchase to 32.4 million shares.

  • Fluor completed the sale of 71 million NuScale shares in February 2026.
  • Fluor launched a trading program to sell its remaining 40 million NuScale shares in the second quarter of 2026.
  • Since the fourth quarter of 2025, Fluor has repurchased nearly 17 million shares of its own common stock.

The players

Fluor Corporation

A global engineering, procurement, construction, and maintenance services company headquartered in Irving, Texas.

NuScale Power Corporation

A subsidiary of Fluor that develops small modular nuclear reactor technology.

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What’s next

Fluor expects to complete the sale of its remaining 40 million NuScale shares in the second quarter of 2026.

The takeaway

Fluor's sale of NuScale shares and stock buyback program demonstrate the company's focus on enhancing shareholder value through strategic capital allocation decisions, as it looks to streamline its business and concentrate on its core engineering and construction services.