Fluor Subsidiary Sells $150M in NuScale Shares, Exits 5% Ownership Threshold
SMR sits 45% above its 52-week low of $8.85 on elevated volume (2.6× avg).
Summary
Fluor's subsidiary, Nuke Holdings, sold 12.9 million shares of NuScale Power Class A Common Stock for $150.4 million, reducing its stake below 5% and marking its final Schedule 13D amendment.
Key Events · Ownership and Investor Activity · SMR
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Significant Share Sale
Nuke Holdings, a subsidiary of Fluor, sold 12,936,472 shares of Class A Common Stock on April 15, 2026.
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Transaction Value
The shares were sold at a price of $11.6293 per share, totaling approximately $150.4 million.
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Exit from 5% Ownership
Following this sale, Fluor Corporation and its subsidiaries are no longer beneficial owners of more than five percent of NuScale's securities.
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Final 13D Amendment
This filing represents Amendment No. 9 and is the final amendment to the Schedule 13D, indicating the completion of Fluor's reporting obligations as a significant shareholder.
Analysis · SMR · Manufacturing
This filing details a significant sale of NuScale Power shares by Fluor's subsidiary, Nuke Holdings, which has now reduced its beneficial ownership below the 5% threshold. This transaction, valued at approximately $150.4 million, represents a substantial reduction in a major institutional investor's stake in NuScale. The declaration that Fluor is no longer required to file Schedule 13D indicates a significant shift in its investment posture and potential influence over the company. This follows a previous 13D/A filing on April 13, 2026, which reported a broader sale, with this amendment providing specific transaction details and the finality of Fluor's reporting obligation. Investors should note the continued reduction of a key early investor's position.
At the time of this filing, SMR was trading at $12.81 on NYSE in the Manufacturing sector, with a market capitalization of approximately $4.3B. The 52-week trading range was $8.85 to $57.42. This filing was assessed with negative market sentiment and an importance score of 8 out of 10.