Starboard Pushes Fluor to Unlock $4.3 Billion Nuclear Stake Value
Activist investor Starboard Value has taken a nearly 5% position in Fluor Corporation and is pushing the engineering giant to unlock value from its substantial stake in nuclear technology company NuScale Power. According to analysis, Fluor’s 39% holding in NuScale represents over 60% of the company’s market capitalization but trades at a significant discount within the larger corporation. The potential separation could trigger a major rerating of Fluor’s core engineering business.
Activist Pressure Builds at Engineering Giant
Starboard Value, the prominent activist investor known for pushing operational improvements at industrial companies, has set its sights on Fluor Corporation in what analysts suggest could be another lucrative campaign. Reports indicate Starboard has accumulated a nearly 5% stake in the engineering and construction firm and is specifically targeting what they see as buried value in Fluor’s nuclear technology investments.
