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 fall
6 Analyst Rating
3 Buy
3 Hold
0 Sell
Moderate Buy
Current: 54.200
Low
40.00
Averages
49.25
High
57.00
Current: 54.200
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.
- Earnings Announcement: Fluor is set to announce its Q1 2023 earnings on May 8 before market open, with consensus EPS estimate at $0.62, reflecting a 15.1% year-over-year decline, and revenue estimate at $3.89 billion, down 2.3% year-over-year, indicating significant profitability challenges ahead.
- Historical Performance Review: Over the past two years, Fluor has only beaten EPS estimates 38% of the time and has not exceeded revenue estimates, highlighting the company's struggles in a competitive market and fluctuations in profitability.
- Estimate Revision Dynamics: In the last three months, Fluor's EPS estimates have seen three upward revisions and one downward revision, while revenue estimates have experienced two upward revisions and one downward revision, reflecting analysts' differing views and uncertainties regarding the company's future performance.
- Strategic Partnership Update: Fluor has signed a deal with X-energy for the Seadrift Nuclear Small Modular Reactor project, indicating the company's strategic positioning in the nuclear energy sector, aiming to drive future growth through the development of emerging markets.
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- Stock Surge: NuScale Power's stock surged to $57 per share over the past year, attracting numerous investors, prompting Fluor, an early investor, to sell its stake at this high valuation to realize profits.
- Significant Sale Proceeds: Fluor sold its 126 million shares of NuScale Power for $2.43 billion in gross proceeds, having initially invested $570 million, achieving a remarkable 326% return on investment, which significantly bolsters the company's financial position.
- Strategic Reinvestment: Fluor plans to use the proceeds from the sale to strengthen its balance sheet, reduce debt, and support its $1.4 billion share repurchase program, while continuing to pursue high-growth opportunities in the nuclear sector.
- Ongoing Partnership: Although Fluor has reduced its equity stake in NuScale, it will remain a preferred engineering, procurement, and construction (EPC) partner, allowing it to participate in NuScale's ongoing development while mitigating equity-owner risks and maintaining service revenue.
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- Profitable Stake Sale: Fluor realized $2.43 billion in gross proceeds from its sale of NuScale Power shares, achieving a remarkable 326% return on its initial $570 million investment, with plans to use these funds to strengthen its balance sheet and support a $1.4 billion share repurchase program.
- Market Opportunity Seized: By selling its 126 million shares when NuScale's stock surged to $57 per share, Fluor capitalized on a high valuation, providing substantial profits for early investors and demonstrating the company's keen insight into the nuclear energy market.
- Strategic Partnership: Although Fluor has transitioned from a majority owner to a preferred EPC partner for NuScale, it will continue to participate in ongoing developments, ensuring a steady revenue stream while mitigating equity ownership risks.
- Diversified Growth Strategy: Fluor is actively pursuing additional opportunities in conventional nuclear and SMR projects in collaboration with various technology providers, while also expanding into carbon capture, utilization, and storage, as well as hydrogen production, to meet rising infrastructure demands.
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- Strong Market Demand: Fluor's energy division ended 2025 with a $4.6 billion backlog, indicating robust demand for nuclear projects and suggesting a steadily improving market position in the nuclear sector.
- Diversified Revenue Sources: While the nuclear backlog is relatively small, Fluor's urban solutions division boasts an $18.7 billion backlog in 2025, which helps mitigate risks from slowdowns in other business segments due to its diversified revenue structure.
- Strategic Partnership Opportunities: Fluor's agreement with Terawulf for data center planning and preconstruction, along with its collaboration with X-energy to develop four small modular reactors, highlights its strategic positioning in both nuclear and digital infrastructure sectors.
- Long-Term Growth Potential: The global nuclear market is projected to grow from $40.4 billion in 2025 to $52.6 billion by 2034, providing long-term investors with significant potential gains as the nuclear sector develops, with Fluor's stock likely to perform well in 2026.
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- Growing Market Demand: Fluor's energy division ended 2025 with a $4.6 billion backlog, indicating strong demand in nuclear and data center projects, which is expected to provide a stable revenue stream for the company.
- Diversified Business Portfolio: With an $18.7 billion backlog in its urban solutions division for 2025, Fluor's diversified revenue sources can help mitigate risks from slowdowns in other business segments, despite the nuclear market's slower growth.
- Contract Signings: Fluor has signed an agreement with Terawulf for master planning and preconstruction of a data center campus and a contract with X-energy to support the development of four small modular reactors, further solidifying its market position in the nuclear sector.
- Long-Term Investment Potential: The global nuclear power market was valued at $40.4 billion in 2025 and is projected to grow to $52.6 billion by 2034, suggesting that long-term investors may see significant gains as the market develops, although caution is advised for short-term positions.
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- Transformation Strategy: Fluor Corporation is transitioning from a historically volatile fixed-price engineering contractor to a more predictable, capital-efficient reimbursable-services platform, positioning itself for strong earnings growth despite flat revenues.
- Financial Performance: With FY25 revenue projected at approximately $15.5 billion and 87% of new contracts being reimbursable, this shift significantly reduces margin volatility and creates a more stable earnings base.
- Shareholder Returns: Fluor repurchased $754 million of stock in FY25 and authorized an additional $1.4 billion buyback program, which is expected to drive EPS growth of over 25%.
- Valuation Potential: Despite trading at a discount to peers like Jacobs Solutions and AECOM, Fluor's valuation could be re-rated as legacy project risks diminish, showcasing significant upside potential.
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