Citi Reiterates “Buy” Rating On Fluor (FLR) Despite Price Target Cut
Key takeaways
- Both top-line and bottom-line numbers for the quarter were weighed down by a $96 million litigation impact in the Mission Solutions business and rising costs on a mining project in the company’s Urban Solutions segment.
- Acting as a silver lining, operating cash flow was the strongest first-quarter operating cash flow in Fluor Corporation’s (NYSE:FLR) history, reaching $110 million.
- Last month, Fluor Corporation (NYSE:FLR) also announced a partnership with X-energy, which will require Fluor to provide engineering work for four small modular reactor units at Dow’s Seadrift facility in Texas.
Citi Reiterates “Buy” Rating On Fluor (FLR) Despite Price Target Cut Faheem Tahir Sat, May 16, 2026 at 12:36 AM GMT+7 2 min read FLR Fluor Corporation (NYSE:FLR) is one of the best nuclear energy stocks to buy as SMRs go mainstream, with a median upside potential of 17.4%.
Two contrasting themes emerged when Fluor Corporation (NYSE:FLR) announced its Q1 2026 results: short-term headwinds hurting quarterly performance, while long-term opportunities tied to nuclear energy projects are steadily developing in the background.
Both top-line and bottom-line numbers for the quarter were weighed down by a $96 million litigation impact in the Mission Solutions business and rising costs on a mining project in the company’s Urban Solutions segment. Accordingly, the company posted revenue of $3.7 billion (-8% year-over-year), with adjusted EBITDA of $61 million and adjusted EPS of $0.14.