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Stock Market & Financial Investment News

News Breaks
February 14, 2013
09:21 EDTFLRFluor moves forward with next face of EPC services for Centinela facility
Fluor Corporation announced that Centinela Solar Energy, LLC, a member of LS Power Group, has issued a notice-to-proceed for Phase 2 of the Centinela Solar Energy Facility, a new nominal 170-megawatt solar photovoltaic facility located in Southern California. Fluor received its initial notice-to-proceed from LS Power in September 2012 and began construction in December 2012. Phase 2 is the final phase to be released to Fluor under its lump-sum engineering, procurement and construction contract for the project. The company will book the undisclosed second phase value in the first quarter of 2013.
News For FLR From The Last 14 Days
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January 27, 2015
10:24 EDTFLRDeutsche Bank warns E&C companies could be hit hard by low oil
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10:00 EDTFLROn the Fly: Analyst Downgrade Summary
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06:48 EDTFLRFluor downgraded to Hold from Buy at Deutsche Bank
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January 22, 2015
10:03 EDTFLROn the Fly: Analyst Downgrade Summary
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07:48 EDTFLRFluor downgraded to Underperform from Buy at BofA/Merrill
As previously reported, BofA/Merrill assumed coverage on Fluor with an Underperform rating from a Buy rating. The firm sees better value elsewhere in the sector and expects double-digit backlog decline and peak earnings in 2015. Price target is $51.
07:05 EDTFLRFluor downgraded to Underperform from Buy at BofA/Merrill

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