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The firm is valued at $1.9B in link with NASDAQ-traded investor, but Fluor stays a majority stakeholder and exclusive engineer-builder of planned small reactors for global clients.
In Jan. 28 briefing, David Constable said the firm will stay an EPC contractor with focus on cost-plus work and expanded front-end services; analyst boosts its stock rating to "Buy" from "Hold."
As risks rise higher on fixed-price P3 and other projects for builders, financiers and owners, participants refine—and rethink—their delivery strategies.