Small modular reactor stocks like Nano Nuclear, NuScale, and Oklo have taken a hit recently. They are down roughly 40-60% from mid-October highs, largely because they are still years away from making money. Fluor (FLR) seems like a more stable alternative. It is an engineering firm that builds large nuclear plants and actually owns about 39% of NuScale. Between that stake and their cash on hand, the valuation for the core business looks pretty low relative to earnings. News also came out last week that Japan is putting $80B into building 10 large nuclear plants in the US. Since Fluor specializes in large-scale construction, this benefits them directly while the SMR startups are still figuring things out.