Why is Fluor Corp stock considered an opportunistic investment?

Fluor Corp stock is nearly 30% off its recent highs, making it an opportunistic investment for those seeking value outside volatile tech stocks.

What is Fluor Corp's current project backlog?

Fluor Corp's backlog currently exceeds $20 billion, primarily within its Urban Solutions segment.

How is Fluor Corp benefiting from AI data centers?

Data center construction is a significant factor boosting Fluor's backlog and future project pipeline.

Home / Business and Economy / Fluor Corp: Industrial Giant Set for Rebound?

Fluor Corp: Industrial Giant Set for Rebound?

2 Jan

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Summary

Fluor Corp stock is nearly 30% below recent highs.
Third-quarter results showed improved earnings estimates.
Backlog exceeds $20 billion, with growth in data centers and mining.

Fluor Corp: Industrial Giant Set for Rebound?

American engineering and construction firm Fluor Corp. (NYSE: FLR) presents a compelling investment opportunity as it appears poised for a significant rebound. The company's stock has fallen nearly 30% from its July peaks, presenting an attractive entry point for investors seeking value outside of high-flying technology sectors. Initially impacted by project delays and cost overruns in the second quarter, Fluor has since revised its earnings estimates upward following a more positive third-quarter report.

The company's robust backlog, now exceeding $20 billion, is a key indicator of future growth. This backlog is primarily driven by Fluor's Urban Solutions segment, alongside recent project awards in metals and mining, including a significant role in constructing a new rare earth magnet plant. Furthermore, Fluor anticipates securing new projects in pharmaceutical manufacturing and is experiencing a surge in data center construction.