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Tuesday, August 01, 2017 1:39:48 PM
Fluor (FLR +0.4%) is steady after sinking to a 52-week low yesterday on news that SCANA was abandoning construction of its Summer nuclear project in South Carolina; FLR is the construction contractor for the project, as well as Southern Co.'s Voglte nuclear project in Georgia.
Citigroup's Andrew Kaplowitz keeps his Buy rating and $60 price target on FLR, believing the company will take "a modest hit" from SCG's decision but damage to the stock "should be fairly limited and contained."
Summer and Vogtle represented a combined $6.4B of backlog for FLR as of the end of Q1, with Summer comprising a smaller portion of the backlog, according to Kaplowitz, who estimates SCG's decision will cut FLR's annual EPS by $0.15 and backlog by $3B.
Recent FLR News
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/06/2024 08:05:08 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 09/05/2024 05:35:27 PM
- Form 3 - Initial statement of beneficial ownership of securities • Edgar (US Regulatory) • 08/14/2024 09:15:19 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 08/14/2024 08:40:48 PM
- Fluor Announces Leadership Changes • Business Wire • 08/05/2024 11:00:00 AM
- Fluor Reports Second Quarter 2024 Results • Business Wire • 08/02/2024 09:50:00 AM
- Fluor Awarded Contract for Next Phase of Engineering and Design for Small Modular Reactor Power Plant in Romania • Business Wire • 07/29/2024 08:11:00 PM
- Fluor Joint Venture Celebrates Connection of Gordie Howe International Bridge Deck • Business Wire • 07/24/2024 08:09:00 PM
- Fluor Joint Venture Moves One Step Closer to Completion and Startup of LNG Canada Train One with Placement of Final Weld • Business Wire • 07/08/2024 08:06:00 PM
- Fluor Corporation to Hold Second Quarter Earnings Conference Call • Business Wire • 07/02/2024 10:50:00 AM
- Fluor to Provide EPCM Services for Phase One of Northvolt’s Large-Scale Lithium-Ion Battery Facility in Germany • Business Wire • 06/27/2024 08:04:00 PM
- Fluor Team Awarded National Nuclear Security Administration’s Pantex Plant Management & Operating Contract • Business Wire • 06/14/2024 02:29:00 PM
- Fluor to Participate in Upcoming Investor Conferences • Business Wire • 05/21/2024 12:30:00 PM
- Fluor-led Joint Venture Breaks Ground on Phase 1 of I-35 NEX South Project in San Antonio • Business Wire • 05/16/2024 12:03:00 PM
- Fluor Opens Second Office in India to Increase Execution Capacity • Business Wire • 05/15/2024 08:05:00 PM
- Fluor Reports First Quarter 2024 Results • Business Wire • 05/03/2024 10:50:00 AM
- Fluor and SunCoke Energy Renew Maintenance and Capital Project Contract • Business Wire • 04/29/2024 08:02:00 PM
- Renewable Fuels Project in Canada Begins Production • Business Wire • 04/19/2024 05:25:00 PM
- Fluor Selected for Position on Global Contingency Services Multiple Award Contract III • Business Wire • 04/17/2024 08:42:00 PM
- Fluor Awarded U.S. Air Force Contract Augmentation Program V Task Order for Tinian • Business Wire • 04/10/2024 01:18:00 PM
- Fluor Announces First Gold from Gold Fields’ Salares Norte Mining Project in Chile • Business Wire • 04/03/2024 01:18:00 PM
- Fluor Corporation to Hold First Quarter Earnings Conference Call • Business Wire • 04/02/2024 10:00:00 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/08/2024 10:54:36 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/08/2024 10:53:55 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/08/2024 10:53:28 PM
North Bay Resources Announces Mt. Vernon Gold Mine Bulk Sample, Sierra County, California • NBRI • Sep 11, 2024 9:15 AM
One World Products Issues Shareholder Update Letter • OWPC • Sep 11, 2024 7:27 AM
Kona Gold Beverage Inc. Reports $1.225 Million in Revenue and $133,000 Net Profit for the Quarter • KGKG • Sep 10, 2024 1:30 PM
Element79 Gold Corp Announces 2024 Clover Work Plans & Nevada Portfolio Updates • ELMGF • Sep 10, 2024 11:00 AM
Nightfood Holdings Inc. Completes Major Step on Uplist Journey by Closing Strategic All-Stock Acquisition of CarryoutSupplies.com • NGTF • Sep 10, 2024 8:15 AM
Element79 Gold Corp. Announces Sale of 100% Interest in Elder Creek, North Mill Creek, and Elephant Projects to 1472886 B.C. Ltd. • ELEM • Sep 9, 2024 9:34 AM