Fluor Subsidiary Sells $162.9M in NuScale Power Shares, Reducing Stake to 7.8%

summarizeSummary

Fluor's subsidiary, Nuke Holdings, sold 13.5 million shares of NuScale Power Class A Common Stock for approximately $162.9 million, significantly reducing its ownership stake to 7.8%.

check_boxKey Events

• Major Shareholder Reduces Stake

  Nuke Holdings, a subsidiary of Fluor Corporation, sold 13,500,000 shares of Class A Common Stock on April 9, 2026.

• Significant Transaction Value

  The shares were sold at $12.0665 per share, totaling approximately $162.9 million. This price was higher than the current market price of $9.60.

• Remaining Ownership

  Following the sale, Nuke Holdings now owns 26,436,472 shares, representing 7.8% of the total outstanding shares.

• NuScale Holdings Exits Position

  NuScale Holdings Corp. previously sold all its 463,747 shares of Class A Common Stock on February 26, 2026, and no longer holds any shares.

auto_awesomeAnalysis

This Schedule 13D/A filing reports a substantial disposition of shares by Nuke Holdings, a subsidiary of Fluor Corporation, a key strategic investor in NuScale Power. The sale of 13.5 million shares at $12.0665 per share, totaling approximately $162.9 million, represents a significant reduction in Fluor's overall stake. Notably, this transaction occurred at a price ($12.0665) higher than the current market price ($9.60). While the underlying agreement for this sale was previously disclosed, the execution of such a large transaction by a major corporate shareholder is a notable event. This reduction in ownership by a foundational investor could be interpreted negatively by the market, signaling a potential shift in Fluor's long-term commitment or a move to monetize its investment. Investors should monitor future disclosures from Fluor regarding their remaining stake and any strategic implications for NuScale.