Fluor Is Expanding Its Nuclear Energy Projects in Europe. Is Now the Time to Buy?

By Courtney Carlsen – Mar 21, 2026 at 3:15PM ESTKey PointsCountries worldwide are expanding their nuclear capabilities, seeing it as a clean and reliable source.Fluor has opened a new office in Bucharest, Romania, to manage significant nuclear energy projects. Those projects include the small modular reactor plant in Doicești and the refurbishment of another plant.Nuclear energy is making a comeback, as countries across the globe aim to expand their nuclear capabilities. This clean energy source not only complements renewables but also delivers the reliable baseload power that data centers need to thrive. One key company emerging in this evolving landscape is Fluor (FLR 6.16%), an engineering, procurement, and construction management (EPCM) company. The company is expanding its presence in Europe with a hub focused on developing next-generation small modular reactors and modernizing traditional plants. With nuclear energy gaining traction, Fluor could be a smart buy today. Here's what you need to know. ExpandNYSE: FLRFluorToday's Change(-6.16%) $-2.95Current Price$44.92Key Data PointsMarket Cap$6.6BDay's Range$44.09 - $48.0052wk Range$29.20 - $57.50Volume4.7MAvg Vol2.9MGross Margin-77.40% A new office in Romania will serve as a hub for two major projects Fluor recently opened a new European office in Bucharest, Romania, which will serve as a hub for the company as it manages nuclear energy projects across the region. The company has emerged as a key player in Romania's nuclear energy development and is providing engineering, design, licensing, and project management services for two initiatives: the small modular reactor project (SMR) in Doicești and the expansion of the Cernavodă Nuclear Power Plant. The SMR project, called RoPower, is perhaps the most discussed project right now. Here, the company serves as the lead EPC partner for the flagship deployment of NuScale Power's SMR technology at a decommissioned power plant in Romania. The plan is to deploy six 77-megawatt (MWe) NuScale Power Modules, providing 462 MWe of carbon-free, baseload power. The VOYGR-6 plant is a 50/50 joint venture between Nuclearelectrica (a state-owned company) and Nova Power & Gas. In February, the shareholders of Nuclearelectrica officially approved the final investment decision, and the project is now moving into the pre-engineering procurement and construction phase. The approved plan will see one NuScale Power Module deployed, with the remaining five to be deployed if proven viable. The first module is targeted for July of 2033, and the full six-module facility is expected to be completed by December of 2034. Image source: Getty Images. While the RoPower project garners more attention, the expansion and refurbishment of the existing Cernavodă Nuclear Power Plant is larger in terms of both capital expenditure and immediate revenue for Fluor. This multibillion-dollar program includes two massive undertakings: a 1.9 billion euro refurbishment of Unit 1 and the €3 billion construction of Units 3 and 4. Fluor is the lead partner in the joint venture, which was awarded an EPCM contract valued at around $3.4 billion spanning nearly a decade. This project utilizes a reimbursable services model, providing stable, fee-based earnings. The Unit 1 refurbishment is projected to become operational in 2029, extending its life by 30 years, while Units 3 and 4 are projected to be completed by 2032. Fluor is an alternative way to invest in the nuclear build-out Fluor is expanding its nuclear energy footprint while strengthening its business to make it more resilient. The company is selling its stake in NuScale Power to capitalize on the stock's surge and will use the proceeds for share buybacks and other investments. It has also shifted more toward reimbursable contracts to protect against project cost overruns, which have been an issue in the past. By providing "picks and shovels" for SMRs, large-scale expansions, and uranium enrichment, buying Fluor stock today offers investors exposure to the nuclear build-out without the idiosyncratic risks of uranium mining.Read NextMar 16, 2026 •By James BrumleyThese 3 Industrial Stocks May Outperform the S&P 500 in 2026Mar 16, 2026 •By Reuben Gregg BrewerFluor Stock: Buy, Sell, or Hold?Mar 7, 2026 •By Catie HoganIs Fluor Stock a Buy Now?Mar 6, 2026 •By Courtney CarlsenArtificial Intelligence (AI) and Nuclear Energy Could Make This Engineering and Construction Stock a Big WinnerMar 4, 2026 •By Howard SmithWhy Did Fluor Stock Continue to Soar in February?Feb 28, 2026 •By Reuben Gregg Brewer3 Things Every Fluor Investor Needs to KnowAbout the AuthorCourtney Carlsen is a contributing Motley Fool stock market analyst covering financial, real estate, industrial, and energy stocks.

Before The Motley Fool, Courtney was a lead senior auditor for the State of Florida. He holds a master’s degree in accounting from the University of Florida.TMFCourtCarlsenStocks MentionedFluorNYSE: FLR$44.88(-6.25%)-$2.99*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.