BWX Technologies, Inc. (NYSE:BWXT) is one of the 14 Stocks That Will Skyrocket.
Another stock in Green’s coverage is a nuclear power play operating in the small and medium reactor (SMR) industry. It also runs “the ONLY large nuclear manufacturing facility in North America,” he says, and adds: “like Rockefeller’s Standard Oil back in its day – controls the supply” of SMR nuclear reactors. Its orders are so hot that the firm is expanding production by 50%, and Green believes that “like the industrial revolution would have stopped without oil,” SMRs will play a similar role.
The all-important firm, according to Gumshoe, is BWX Technologies, Inc.. It’s an SMR developer whose shares are up by 89% over the past year and by 12% year-to-date. The firm reported its earnings on May 4th to post $860 million in revenue and $1.12 in earnings per share. On April 20th, BWX Technologies, Inc. secured a key deal in the nuclear power industry as it entered into a deal with PCG to acquire the firm. This deal is expected to close in the second half of this year.
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