It’s not often that I find myself invested in something as volatile as NuScale Power, but here we are. On Friday morning, the stock took a sharp dive — 11.7%, to be exact — by mid-morning ET. Now, I’ve seen my fair share of market swings, but this one had nothing to do with the company’s actual performance. Instead, I find myself pointing the finger at Fluor, the industrial giant that’s having a bit of a tough time.
It seems Fluor, despite being a veteran in the industry, just can’t catch a break. Their latest earnings report was, how should I say, not exactly a testament to corporate brilliance. A 6% drop in sales year-over-year and a nearly 50% cut in their adjusted profit. But here’s the kicker: Fluor is apparently sitting on a pile of NuScale shares, and now they’re looking to offload a significant chunk of them. The plan? Convert 15 million Class B shares into Class A shares and then sell them off into the market.
Fluor’s Big Move
Now, this is where things get really interesting (or perhaps tragic, depending on your perspective). According to Fluor, their NuScale shares have been a bit of a double-edged sword. On one hand, they’ve generated a $3.2 billion “pre-tax mark-to-market gain” in the second quarter. So, naturally, it’s tempting to smile at that number and think, “Well, they’re doing alright, right?” But on the other hand, this surge in NuScale’s stock price is also making their financials look, well, more volatile than I’d like to admit. It’s like being at a party where everyone’s having a great time until the music stops and you realize you’ve lost your jacket—and it’s a metaphor for life, really.
Should You Sell NuScale Stock?
Fluor, ever the pragmatist, says it’s going to convert its 15 million Class B shares into Class A shares and likely sell them off. This makes sense from a purely accounting standpoint: it simplifies things. But it also serves another purpose — it could be their way of cashing in on NuScale’s impressive stock performance before the wheels fall off. The underlying implication is that Fluor’s going to dump a lot of shares onto the market, and as any seasoned trader will tell you, too much supply tends to crush the price.
So, as I sit here, contemplating my next move in the market, I can’t help but think of all the times I’ve seen a good thing go bad. NuScale has seen its stock soar fivefold in the last year, and that’s no small feat. But with Fluor’s plan to potentially flood the market with shares, it seems like the right time for some caution. I mean, do you really want to hold onto something that might be worth a lot less in a few weeks because someone decided it was time to cash out?
For now, I’m leaning toward hitting the sell button. I’ll leave the “buy-and-hold” mentality for someone braver than me. After all, if there’s one thing I’ve learned in my years as a trader, it’s that sometimes the best move is the one that involves walking away from a potentially sinking ship. 🧐
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2025-08-01 19:27