Top 10 Nuclear Energy Stocks to Invest in for the Next Decade

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

Number of Hedge Fund Holding: 52

BWX Technologies, Inc. (NYSE:BWXT) is one of the top 10 nuclear energy stocks to invest in for the next decade. On June 5, Kinectrics Inc., a subsidiary of BWX Technologies, signed a contract with HIGHVOLT, a supplier of high-voltage testing systems. According to the announcement, the agreement is designed to increase Kinectrics’ high-voltage (HV) cable testing capacity in the field.

Specifically, Kinectrics will purchase an additional 10 mobile resonant test systems (RTS) from HIGHVOLT. The “multi-million-dollar investment” solidifies Kinectrics as the largest independent global provider of on-site HV cable testing services, the statement said. It stated further that the expansion is a strategic response to the anticipated growth in the HV cables market, which is “expected to quadruple” due to the increase in renewable energy construction projects. This growth is leading to a higher demand for reliable commissioning services for newly installed subsea and underground transmission networks.

David Harris, Kinectrics’ President and CEO, emphasized that while dependable HV testing tools are essential, the knowledge gained from years of field experience is equally vital. Harris highlighted that Kinectrics remains a technical leader in the sector through ongoing innovations in diagnostic methods, the frequent publication of research and technical papers, and active participation in international standards organizations such as IEC, CIGRE, and IEEE.

BWX Technologies, Inc. (NYSE:BWXT) is a specialty manufacturer and service provider in the nuclear sector. It produces nuclear components, fuels, and reactors for both government and commercial clients, including the U.S. Department of Energy and Department of Defense.