BWX Technologies, Inc. (BWXT) Gains 50%+ Since Jim Cramer Said He Was “Done”With Nuclear

We recently published Jim Cramer’s 13 Quantum Computing & Nuclear Stock Predictions – See How They Played Out! BWX Technologies, Inc. (NYSE:BWXT) is one of the stocks Jim Cramer recently discussed.

BWX Technologies, Inc. (NYSE:BWXT) is a diversified nuclear power generation hardware manufacturer that makes and sells equipment such as nuclear reactors. Its shares have gained 46% year-to-date, primarily on the back of a major 17.8% gain in early August. The shares rose after BWX Technologies, Inc. (NYSE:BWXT)’s second quarter earnings report saw $1.02 in EPS beat analyst estimates of $0.79 and $764 million in revenue beat estimates of $708.6 million. Investors were also impressed by the fact that BWX Technologies, Inc. (NYSE:BWXT) raised its revenue guidance. Here is what Cramer said about the firm in February:

“That’s nuclear. You know, look, the bloom is off the rose. Nuclear, it was never really there. We don’t have any sort of initiative that really makes nuclear the right thing. Small modular nuclear power’s still not happening. It’s going to be 2033 before we see anything new in nuclear and that is just too far for me. But I’m telling the truth now. I mean, I’m, I’m done with it. I, I don’t wanna hear about it anymore.”

More recently, Cramer was rather sarcastic about BWX Technologies, Inc. (NYSE:BWXT):

“Alright, that’s nuclear. And again, like you know, nuclear, I’m not going to fight anyone who wants to enter a nuclear stock. I’m going to bless it even though it’s up very, very big.”

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Disclosure: None. This article is originally published at Insider Monkey.