William Blair Initiates Coverage of BWX Technologies (BWXT) With Outperform Rating

On May 28, William Blair initiated coverage on BWX Technologies, Inc. (NYSE:BWXT)’s stock with an “Outperform” rating and no price target.

The firm highlighted the company’s strong position in the broader commercial nuclear supply chain, primarily lauding its significant role with Canada’s CANDU reactor fleet. Furthermore, the firm acknowledged BWX Technologies, Inc. (NYSE:BWXT)’s reputation as the exclusive supplier of nuclear reactors to the US Navy.

An aerial view of a nuclear plant, its domes casting a unique shadow.

William Blair emphasized the potential for BWX Technologies, Inc. (NYSE:BWXT) to leverage expertise and financial resources in a bid to expand into the commercial nuclear power sector, which includes projects related to CANDU and small modular reactors. The firm’s favourable outlook stems from the expectation that BWX Technologies, Inc. (NYSE:BWXT) is expected to benefit from a nuclear renaissance.

In Q1 2025, the company witnessed strong Commercial backlog growth and expects significant opportunities in its government markets, evidenced by the recent purchase of land to support the National Nuclear Security Administration’s domestic uranium enrichment program.

BWX Technologies, Inc. (NYSE:BWXT) completed its acquisition of Kinectrics, Inc. Kinectrics provides nuclear power plant lifecycle support services, including for CANDU reactors, and lifecycle management services to the global nuclear power industry, transmission and distribution markets.

BWX Technologies, Inc. (NYSE:BWXT) manufactures and sells nuclear components.

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Disclosure: None.