ETF Outflow Warning: IWN, OKLO, SATS, FLR
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 23 2025
0mins
Should l Buy FLR?
Source: NASDAQ.COM
52-Week Range Analysis: IWN's share price has a 52-week low of $129.38 and a high of $183.51, with the last trade recorded at $178.21.
Understanding ETFs: Exchange traded funds (ETFs) function like stocks, where investors buy and sell "units" that can be created or destroyed based on demand.
Monitoring ETF Flows: Weekly monitoring of shares outstanding helps identify ETFs with significant inflows (new units created) or outflows (units destroyed), impacting the underlying holdings.
Author's Perspective: The views expressed in the article are solely those of the author and do not necessarily represent the opinions of Nasdaq, Inc.
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Analyst Views on FLR
Wall Street analysts forecast FLR stock price to rise
6 Analyst Rating
3 Buy
3 Hold
0 Sell
Moderate Buy
Current: 48.560
Low
40.00
Averages
49.25
High
57.00
Current: 48.560
Low
40.00
Averages
49.25
High
57.00
About FLR
Fluor Corporation is a holding company that provides engineering, procurement, construction (EPC), fabrication and modularization, and project management services. The Company's segments include Urban Solutions, Energy Solutions and Mission Solutions. The Urban Solutions segment provides EPC and project management services to the advanced technologies and manufacturing, life sciences, mining and metals, infrastructure industries and professional staffing services. The Energy Solutions segment provides EPC services for traditional oil and gas markets, including production and fuels, chemicals, LNG and power markets. The segment serves these industries with comprehensive project life-cycle services. The Mission Solutions segment provides technical solutions to the United States and other governments. These include, among others, the DOE, the Department of Defense, FEMA and intelligence agencies. The segment also provides services to commercial nuclear clients.
About the author

Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
- Strong Stock Performance: Fluor's stock has risen 120% over the past five years, significantly outperforming the S&P 500's 70% gain, indicating robust market performance and investor confidence.
- Successful Business Transformation: Since 2021, Fluor has shifted from fixed-price megaprojects to reimbursable contracts, successfully avoiding high-risk projects, enhancing business quality and financial stability, and is expected to achieve more predictable profits in the future.
- Optimistic Market Outlook: Analysts expect Fluor to return to profitability in 2026 and achieve a 16% CAGR in EPS through 2028, driven by its $25.5 billion backlog and focus on reimbursable contracts.
- Capital Expenditure Cycle: With the expansion of cloud computing, AI, and nuclear markets, Fluor may experience a multi-year capex 'supercycle', boosting its revenue and profitability while using proceeds from NuScale share sales for stock buybacks to further enhance EPS.
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- Strong Stock Performance: Fluor's stock rose 120% over the past five years, significantly outperforming the S&P 500's 70% gain, indicating robust performance in the engineering and construction sector, which has attracted more investor interest.
- Successful Business Transformation: From 2021 to 2023, Fluor successfully shifted from fixed-price megaprojects to reimbursable contracts, avoiding high-risk agreements and focusing on high-quality orders in energy, infrastructure, and government sectors, enhancing financial stability.
- Future Profitability Expectations: Analysts expect Fluor to return to profitability in 2026, with a projected 16% CAGR in EPS through 2028, driven by a $25.5 billion backlog and reduced exposure to fixed-price projects, although near-term margins may decline.
- Market Expansion Potential: With the ongoing expansion of cloud, AI, and nuclear markets, Fluor is poised to experience a multi-year capex
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- Leadership Transition: Fluor's Executive Chairman David Constable will step down on May 6, with Lead Independent Director Jim Hackett taking over, aiming to enhance governance and market adaptability.
- Board Expansion: The board has increased from 10 to 12 members, with independent directors rising from 8 to 10, diversifying the skill set to better manage major projects and serve a broader market.
- New Board Member Impact: Robert Card, former CEO of SNC-Lavalin, brings extensive experience in governance and corporate responsibility, which will aid Fluor's expansion in energy transition and infrastructure sectors.
- Strategic Shift: Fluor is reducing reliance on fixed-price megaprojects, and Card's appointment supports growth in high-potential areas like energy transition and life sciences, although the leadership change alone may not significantly impact stock prices.
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- Leadership Change: Fluor has appointed Robert Card to its board, who previously served as CEO of SNC-Lavalin, and his extensive experience is expected to help Fluor streamline operations and focus on higher-growth markets, thereby enhancing the company's competitive edge.
- Board Expansion: Fluor expanded its board from 10 to 12 members, increasing the number of independent directors from 8 to 10, which will enhance the diversity of the board and help the company better manage large projects while serving a broader range of markets.
- Strategic Focus: Card's appointment aligns with Fluor's strategy to reduce dependence on fixed-price megaprojects, particularly in high-growth areas such as energy transition, infrastructure, and advanced manufacturing, to address challenges like labor shortages and cost overruns.
- Risk Management: Card's role on the Audit Committee and the Commercial Strategies & Operational Risk Committee indicates Fluor's intention to leverage his expertise in assessing the costs and risks of its major projects, aiming for a more robust financial performance in the future.
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- Clear Nuclear Goals: The U.S. aims to quadruple its new nuclear capacity to 400 gigawatts and construct 10 large reactors by 2030, demonstrating a strong governmental commitment that is expected to drive investments and technological innovations in the sector.
- Fluor's Partnership: Fluor has signed an agreement with X-Energy to provide Front-End Loading services for its advanced nuclear project in Texas, further solidifying its leadership position in the nuclear energy sector and laying the groundwork for future projects.
- Market Opportunities: As an early beneficiary of the nuclear energy buildout, Fluor leverages its specialized workforce and extensive experience to generate revenue during the planning phases of nuclear projects, presenting an attractive investment opportunity for stakeholders.
- Innovation Driving Growth: X-Energy's project will deploy four 80-megawatt small modular reactors, aligning with the U.S. Department of Energy's Advanced Reactor Demonstration Program, aimed at accelerating the commercialization of advanced nuclear technology and fostering industry-wide technological advancements and market expansion.
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- Project Partnership: Fluor Corporation has been selected by America First Refining to execute the front-end engineering and design for a large-scale refining facility in Brownsville, Texas, marking the first new refinery construction in the U.S. in over 50 years, which is expected to significantly enhance domestic energy supply capabilities.
- Capacity Expectations: The refinery is projected to process over 60 million barrels of domestic crude oil annually, leveraging commercially proven technologies to efficiently and cleanly convert American shale oil into gasoline, diesel, and jet fuel, thereby promoting domestic energy resilience and clean fuel innovation.
- Contract Value: Fluor will recognize the undisclosed contract value in the first quarter of 2026; while the specific amount remains undisclosed, the project's implementation is expected to generate substantial revenue for Fluor, further solidifying its market position in energy solutions.
- Industry Impact: This project not only showcases the deep technical expertise and project delivery capabilities of both Fluor and AFR but also reflects their commitment to advancing the U.S. refining infrastructure, which is anticipated to have a profound impact on the American energy sector.
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