UBS analyst Steven Fisher has maintained their bullish stance on FLR stock, giving a Buy rating on November 7.
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Steven Fisher has given his Buy rating due to a combination of factors that suggest a positive outlook for Fluor’s stock. One of the key reasons is Fluor’s plan to fully monetize its investment in NuScale by the end of the second quarter of 2026, which is expected to generate significant proceeds. Additionally, the company has announced an $800 million stock buyback by February, which represents about 11% of Fluor’s current market capitalization, potentially enhancing shareholder value.
Despite some mixed results in the recent quarter, including light revenues and bookings, Fluor’s raised guidance and strategic financial maneuvers are seen as net positives. The monetization of the SMR stake and the buyback initiative are particularly viewed as beneficial moves. However, for further stock appreciation, improvements in Fluor’s operational performance are anticipated to be necessary.