NuScale Power (SMR) stock climbed on Thursday after major backer Fluor Corp. (FLR) fully exited its position in the company. Fluor announced that it has completed the sale of its remaining 40 million shares of NuScale Power, generating gross proceeds of $473 million. SMR stock is up around 3% at market open, while FLR stock is also slightly higher, gaining about 0.92%.
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Forget margin or options. Here's how the pros trade SMRFor context, NuScale Power is a small modular nuclear reactor company focused on developing next-generation nuclear technology for clean energy, with potential applications in powering data centers and industrial grids. On the other hand, Fluor is a global engineering and construction firm that has historically been one of NuScale’s major backers and partners, helping fund and support its development and commercialization efforts.
Fluor Completes Sale of NuScale Shares
After this latest transaction, Fluor has fully completed the divestiture of its NuScale Power stake. Since September 2025, Fluor has generated approximately $2.43 billion through a series of open-market share sales.
The move reflects Fluor’s broader strategy to streamline its portfolio and focus on core operations. For stakeholders, the realized gains highlight a successful outcome from the NuScale investment. It potentially strengthens Fluor’s balance sheet, allowing it to redeploy capital toward other strategic priorities or shareholder returns.
The proceeds from the sale are expected to be redirected toward Fluor’s main business segments, including urban solutions, mission solutions, and energy solutions.
What It Means for NuScale Power
Fluor exiting its stake removes a major early backer from NuScale’s shareholder base, which may make some investors cautious in the short term. However, it doesn’t change NuScale’s core business or its plans to develop small modular nuclear reactors.
The company still remains focused on its long-term growth opportunity in clean energy, especially as demand for power from areas like data centers continues to rise.
Is SMR a Good Stock to Buy?
Turning to Wall Street, analysts have a Moderate Buy consensus rating on SMR stock based on five Buys, seven Holds, and one Sell assigned in the past three months. The average NuScale Power price target of $16.70 per share implies a 21% upside potential.
