BWX Technologies, Inc. (NYSE:BWXT) is one of the best nuclear energy stocks to buy as SMRs go mainstream, with a median upside potential of 11.2%.
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BWX Technologies, Inc. (NYSE:BWXT) could be presenting a case for strong upside, according to Ananym Capital Management, an activist investor. The firm discussed the company’s inactive mPower small modular reactor design, which, if commercialized, could double the stock price over the coming years. The growing electricity demand from AI and data centers could create strong demand for such reactors.
Ananym’s co-founder, Alex Silver, was speaking at the Sohn Investment Conference in New York, where he discussed BWX Technologies, Inc. (NYSE:BWXT), Reuters reported on May 12, 2026. He added that the company can thrive even without building its own reactors because it supplies critical components and technology to other nuclear reactor developers. Silver’s bullishness on the stock remains high, as he projected roughly 45% stock appreciation even under that scenario.
However, he emphasized a much brighter outlook if BWX Technologies, Inc. (NYSE:BWXT) could leverage its pressurized-water reactor technology to tap into the SMR market. Silver believes the industry still offers room for new entrants, and the company can enter the SMR development market without hurting its current business of supplying reactor components to others.
That bullish thesis came after BWX Technologies, Inc. (NYSE:BWXT) won government contracts worth over $1.4 billion related to the U.S. Navy’s nuclear propulsion program. The deal, announced on May 7, includes a $1.285 billion long-lead materials award extending through 2030.
With expanded manufacturing capacity through the Precision Components Group acquisition and the company’s backlog jumping 77% to $8.7 billion as of Q1 2026, BWX Technologies, Inc. (NYSE:BWXT) guided for non-GAAP EPS of $4.60-$4.75 for 2026.
BWX Technologies, Inc. (NYSE:BWXT) is focused on providing nuclear solutions for global security, environmental protection, clean energy, and space exploration.
While we acknowledge the risk and potential of BWXT as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than BWXT and that has 10,000% upside potential, check out our report about this cheapest AI stock.
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