Fluor Expands in Data Centers and Nuclear Energy Under New CEO
Fluor Corporation, a leading engineering and construction company, is expanding its reach in the data center sector. With a robust backlog and profitable operations, the firm is poised for growth, particularly in artificial intelligence-driven data centers and the resurgent nuclear energy industry. James R. Breuer, who took the helm as CEO in May 2025, is steering Fluor towards these promising opportunities.
Fluor is strengthening its ties with data center clients, offering large-scale project expertise and modularization know-how. The company's extensive backlog, standing at $28.2 billion as of the second quarter of 2025, is a testament to its robust pipeline.
Looking ahead, two key growth areas for Fluor are the burgeoning data center market, fueled by AI, and the nuclear energy sector's revival. Fluor is bullish about uranium enrichment, anticipating wins for high-assay, low-enrichment uranium (HALEU) projects later this year. The firm's shares are trading at 17 times forward earnings, reflecting investors' confidence in its prospects.
Fluor's 2024 revenue reached $16.3 billion, demonstrating its solid financial performance. The company generates free cash flow and is well-positioned to capitalize on growth opportunities in data centers and nuclear energy. Under Breuer's leadership, Fluor is set to build on its strengths and navigate the evolving market landscape.
