Fluor’s NuScale Share Sale Sparks Market Volatility
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BTCCSquare news:
NuScale Power's stock plummeted 11.7% following Fluor's announcement to divest 15 million Class B shares. The engineering firm cited accounting complexities and market volatility as key reasons for the move, despite recognizing $3.2 billion in mark-to-market gains from NuScale holdings earlier this quarter.
Fluor's decision underscores the challenges of tracking high-growth nuclear energy investments. The planned conversion to Class A shares signals a strategic shift toward liquidity, potentially flooding the market with NuScale equity at a sensitive time for the sector.
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