NuScale Power’s Stock Drop: The Real Reason Behind It
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.