NuScale Power's 3.67% Drop and 261st Trading Volume Rank Amid Share Restructuring by Fluor Corporation

NuScale Power (SMR) closed at $35.93, down 3.67%, with a trading volume of 9.995 million shares on August 14, 2025. The stock ranked 261st in trading activity among listed equities, despite a post-market rebound to $36.05 (+0.33%). The decline followed a Form 4 filing by Fluor Corporation, revealing an internal restructuring that increased its indirect beneficial ownership in NuScale to 111.4 million Class A-equivalent shares through the conversion of 15 million Class B units and common stock. The transaction, executed via code C (exchange/conversion), did not involve open-market transactions or disclose pricing details, limiting immediate market impact but signaling structural alignment between Fluor and NuScale.

Fluor’s updated stake, held indirectly through subsidiaries Fluor Enterprises and NuScale Holdings Corp., underscores long-term strategic alignment but provides no clarity on governance changes or voting rights. Analysts noted the filing enhances transparency around ownership mechanics, particularly for exchangeable Class B instruments. However, the absence of cash transactions or price disclosures leaves uncertainty about broader market implications. Investors are advised to monitor Fluor’s future filings for signals on corporate control or strategic shifts, though the current update appears focused on internal reclassification rather than external market intervention.

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