This Nuclear Stock Doesn't Need a Breakthrough. It Just Won Another $189 Million Contract Doing What It's Always Done.
BWX Technologies holds a strong competitive position as the only nuclear component and fuel provider for the U.S. Navy.
Overview
As electricity demand rises and energy security becomes more important, the Department of Energy is creating a pathway for advanced small modular reactors, microreactors, and the specialized fuel they need. As nuclear energy stages a comeback, investors have an excellent opportunity to invest in the growing nuclear industry.
BWX Technologies (NYSE: BWXT) doesn't need to wait for the next generation of reactors to succeed. The company has spent decades manufacturing critical nuclear components and nuclear fuel for the U.S. Navy. Its latest $189 million contract reminds us that BWXT can win by doing what it has long done best.
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Originally published at www.fool.com.