Fluor (NYSE:FLR) shares rose 6.1% in pre-market trading to $57.52, putting the engineering and construction company’s stock close to its 52-week high of $58.35.
The supplied information did not identify a new company announcement on Monday to account for the move. The advance followed recent analyst actions and Fluor’s second-quarter 2026 financial results.
Truist Raises Target and UBS Starts Coverage
Truist raised its price target on Fluor to $71 from $64 on August 10, while UBS initiated coverage with a Buy rating and a $66 price target.
The analyst actions followed Fluor’s second-quarter results, when the company reported adjusted earnings per share of $0.91, compared with an analyst consensus estimate of $0.71.
Quarterly revenue was $4.33 billion.
Backlog Reaches $26.9 Billion
Fluor reported $6.1 billion of new awards during the second quarter, bringing its backlog to $26.9 billion at the end of the period.
Investors have also been assessing the company’s exposure to nuclear energy and data-centre projects as part of its broader project pipeline.
Fluor shares were trading $0.83 below their 52-week high following Monday’s pre-market advance.
Fluor Gains as US Equity Indices Fall
The share-price increase came during a weaker session for major US equity indices. The S&P 500 declined 0.7%, the Dow Jones fell 0.2% and the Nasdaq was down 1.7%.
Fluor’s pre-market advance followed its above-consensus second-quarter earnings and recent analyst price-target changes, with no new company-specific announcement identified in the supplied information.