10 Best Nuclear Energy Stocks to Buy for Dividends

Page 4 of 4

6. BWX Technologies, Inc. (NYSE:BWXT)

Number of Hedge Fund Holders: 64

BWX Technologies, Inc. (NYSE:BWXT) provides safe and effective nuclear solutions for global security, clean energy, environmental restoration, nuclear medicine, and space exploration. The company is also the sole manufacturer of naval nuclear reactors for US submarines and aircraft carriers.

BWX Technologies, Inc. (NYSE:BWXT) announced on April 20 that it had agreed to acquire  Precision Components Group, a privately held manufacturer of complex, heavy-walled, and heat-transfer components in the United States. The deal also includes PCG’s subsidiaries Precision Custom Components and DC Fabricators.

The strategic acquisition will add over 500,000 square feet of US heavy-manufacturing capacity and a skilled workforce of over 400 employees to BWX Technologies, Inc. (NYSE:BWXT)’s portfolio, expanding the company’s footprint and commercial nuclear production capacity to serve the rising domestic demand.

PCG generated a revenue of approximately $125 million last year. The company will now join BWXT’s Commercial Operations segment and continue operating at its current facilities.

John MacQuarrie, President of Commercial Operations at BWX Technologies, Inc. (NYSE:BWXT), commented:

“PCG brings exceptional technical expertise, deep manufacturing capability and a highly skilled workforce to BWXT. This acquisition builds on BWXT’s strong performance in the commercial nuclear industry and represents an important first step as we establish U.S.-based commercial nuclear manufacturing capacity to meet the accelerating needs of U.S. commercial nuclear customers.”

BWX Technologies, Inc. (NYSE:BWXT) was also recently included in our list of the 10 Best AI Pick-and-Shovel Stocks to Buy.

While we acknowledge the potential of BWXT as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than BWXT and that has 100x upside potential, check out our report about the cheapest AI stock.

Click to continue reading and see the 5 Best Nuclear Energy Stocks to Buy for Dividends.

Disclosure: None. Follow Insider Monkey on Google News.

Page 4 of 4