#3 - BWX Technologies (NYSE:BWXT)
Like GE Vernova, BWX Technologies Inc. (NYSE: BWXT) supplies the nuclear industry with technologies, components, and fuel. Prior to 2024, the company was primarily known as a defense contractor for naval submarines and aircraft carriers. But today, analysts see an opportunity for BWX to become a major player in the commercial nuclear power segment.
For that to happen, the company will have to see continued demand growth for SMRs, which may meet some resistance due to concerns over using military technology for commercial purposes. However, BWX Technologies already has deals and partnerships in place with GE Vernova, the Wyoming Energy Authority, and TerraPower (the SMR company backed by Bill Gates).
BWXT stock began trading publicly in 2011 and grew over 700% by the end of 2024 and over 250% in the last 10 years. That's better than the S&P 500 during that time. Not surprisingly, the largest, and most consistent gains, have occurred since 2020.
About BWX Technologies
BWX Technologies, Inc, together with its subsidiaries, manufactures and sells nuclear components in the United States, Canada, and internationally. It operates through two segments, Government Operations and Commercial Operations. The Government Operations segment designs and manufactures naval nuclear components, reactors, and nuclear fuel; fabrication activities; and supplies proprietary and sole-source valves, manifolds, and fittings to naval and commercial shipping customers.
Read More - Current Price
- $114.37
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 6 Buy Ratings, 1 Hold Ratings, 1 Sell Ratings.
- Consensus Price Target
- $124.57 (8.9% Upside)
