This Underloved Industrial Turnaround Could Be a $1 Million Upside Story for Patient Investors Who Buy the Dip Now

• Project delays and rising costs rattled Fluor investors earlier this year.

• Business continues to grow in mining and metals, life sciences and data center projects.

• Fluor is reaping profits from its stake in NuScale Power.

• 10 stocks we like better than Fluor ›

Investors are always looking for opportunities to take advantage of stocks that will benefit from macroeconomic tailwinds. Currently, favorable trends in energy and power as well as artificial intelligence (AI) data centers and general infrastructure should help boost business in these industries.

Companies that could benefit from all this investment are American engineering and construction companies Fluor Corporation (NYSE: FLR). With the stock down nearly 30% from its July high, Fluor looks like an opportunistic investment right now. Investors profiting from high-flying technology stocks may find boring industrial products like Fluor to be the next million-dollar opportunity.

Fluor shares plunged after the company reported disappointing second-quarter earnings in August. The company lowered its 2025 profit guidance, citing subcontractor design errors that led to project delays and related cost overruns. It also noted that it sees a temporary decline in customer capital spending plans.

However, things look better in Fluor’s third-quarter update. The company raised its full-year profit forecast. It has also begun reaping huge profits from stakes in small modular nuclear reactor startups Newcastle Power.

Regarding the investment, Fluor CEO Jim Breuer said: “Over the past few quarters, we have worked with NuScale’s management and board of directors and recently announced a comprehensive agreement to convert and monetize NuScale’s remaining equity. This allows Fluor to realize significant value from this investment and return it to our shareholders.”

Fluor Urban Solutions’ project backlog now exceeds $20 billion. The company has recently won project awards in the metals and mining sector, including a copper mining project and engineering design contracts for a new rare earth magnets plant, MP material Under construction in Texas.

The future prospects look good, too. Several pharmaceutical companies are expanding their domestic manufacturing capabilities, and Fluor expects to secure a project with a new customer this quarter. Data center construction has also added to Flour’s order backlog.

This all puts Fluor in a good position to rebound from a disappointing 2025. As the wave of new construction arrives, demand for power generation and transmission infrastructure will grow significantly. This means flour’s growth runway should be extended by a few years.