Activist investors have long been known to shake up underperforming companies, unlocking hidden value through restructuring or strategic asset sales. From Carl Icahn’s bold boardroom battles to Elliott Management’s high-profile interventions, activist funds often act as catalysts for stock re-ratings when they see untapped potential.
One such opportunity may be emerging in Fluor Corporation (FLR), a global engineering and construction giant. Shares of Fluor gained attention this week after Starboard Value revealed a nearly 5% stake in the company. The activist fund, led by Jeff Smith, is reportedly urging Fluor to explore options for its 40% ownership in NuScale Power (SMR), an investment that has surged nearly 110% this year.
