Track market-moving stories before they get noisy

AXQ Capital LP acquired a new stake in BWX Technologies, Inc. (NYSE:BWXT – Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 9,544 shares of the technology company’s stock, valued at approximately $1,858,000.

Other large investors have also recently modified their holdings of the company. Symphony Financial Ltd. Co. purchased a new position in BWX Technologies during the 2nd quarter valued at about $211,000. Camelot Portfolios LLC purchased a new position in BWX Technologies in the second quarter valued at about $779,000. Susquehanna Fundamental Investments LLC raised its holdings in BWX Technologies by 200.2% in the second quarter. Susquehanna Fundamental Investments LLC now owns 68,388 shares of the technology company’s stock worth $13,312,000 after purchasing an additional 45,605 shares in the last quarter. Moore Capital Management LP raised its holdings in BWX Technologies by 100.4% in the second quarter. Moore Capital Management LP now owns 62,977 shares of the technology company’s stock worth $12,258,000 after purchasing an additional 31,553 shares in the last quarter. Finally, Benjamin Edwards Inc. increased its position in shares of BWX Technologies by 8.1% during the second quarter. Benjamin Edwards Inc. now owns 1,328 shares of the technology company’s stock worth $258,000 after purchasing an additional 100 shares in the last quarter. Hedge funds and other institutional investors own 94.39% of the company’s stock.

BWX Technologies Price Performance BWXT opened at $157.81 on Friday. The company has a 50-day moving average of $171.01 and a 200-day moving average of $194.32. The company has a debt-to-equity ratio of 1.51, a quick ratio of 2.33 and a current ratio of 2.40. BWX Technologies, Inc. has a 1-year low of $147.74 and a 1-year high of $241.82. The company has a market capitalization of $14.46 billion, a P/E ratio of 40.88, a PEG ratio of 2.51 and a beta of 0.75.

BWX Technologies (NYSE:BWXT – Get Free Report) last released its quarterly earnings data on Monday, August 3rd. The technology company reported $1.07 earnings per share for the quarter, topping the consensus estimate of $1.04 by $0.03. BWX Technologies had a net margin of 10.11% and a return on equity of 30.83%. The firm had revenue of $901.62 million for the quarter, compared to analyst estimates of $902.41 million. During the same quarter in the prior year, the business earned $1.02 earnings per share. BWX Technologies’s quarterly revenue was up 18.0% on a year-over-year basis. BWX Technologies has set its FY 2026 guidance at 4.700-4.800 EPS. Equities analysts expect that BWX Technologies, Inc. will post 4.75 EPS for the current fiscal year. BWX Technologies Announces Dividend The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 4th. Stockholders of record on Tuesday, August 18th were paid a $0.27 dividend. The ex-dividend date of this dividend was Tuesday, August 18th. This represents a $1.08 annualized dividend and a dividend yield of 0.7%. BWX Technologies’s payout ratio is currently 27.98%.

Insider Buying and Selling at BWX Technologies In related news, CEO Rex D. Geveden sold 10,000 shares of BWX Technologies stock in a transaction dated Wednesday, August 12th. The stock was sold at an average price of $172.50, for a total value of $1,725,000.00. Following the transaction, the chief executive officer owned 192,491 shares of the company’s stock, valued at approximately $33,204,697.50. This trade represents a 4.94% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.60% of the stock is owned by company insiders.

Wall Street Analyst Weigh In A number of research firms recently issued reports on BWXT. Deutsche Bank Aktiengesellschaft upgraded shares of BWX Technologies from a “hold” rating to a “buy” rating and boosted their target price for the company from $205.00 to $255.00 in a research report on Friday, May 15th. Wells Fargo & Company raised BWX Technologies from an “underweight” rating to an “equal weight” rating and dropped their price objective for the company from $200.00 to $170.00 in a report on Thursday, August 27th. Weiss Ratings cut BWX Technologies from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, August 26th. BTIG Research reissued a “buy” rating and set a $235.00 price objective on shares of BWX Technologies in a research note on Tuesday, August 4th. Finally, Truist Financial dropped their price target on shares of BWX Technologies from $212.00 to $202.00 and set a “hold” rating for the company in a research report on Friday, August 14th. Two research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $220.27.

View Our Latest Research Report on BWXT

(Free Report)

BWX Technologies, Inc (NYSE: BWXT) is a specialized supplier of nuclear components and services, primarily serving the U.S. government and commercial markets. The company’s core expertise lies in the design, fabrication and servicing of nuclear propulsion systems for the U.S. Navy, where it supports the maintenance and overhaul of naval nuclear reactors. In addition to defense applications, BWXT develops small modular reactors (SMRs), nuclear fuel and related technologies for non‐defense power generation, offering scalable solutions to meet evolving energy and industrial demands.

Beyond propulsion and power systems, BWXT is a leading producer of medical radioisotopes used in diagnostic imaging and cancer treatment.

Featured Stories Five stocks we like better than BWX Technologies Revolution Medicines Got Its Breakthrough—What Moves It Next? Retail Earnings Just Exposed a Bigger Divide in the U.S. Consumer Economy FB Financial’s Southern Expansion and Buybacks Drive Analyst Optimism AST SpaceMobile Stock Soared 12%—This Was the Catalyst

Receive News & Ratings for BWX Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BWX Technologies and related companies with MarketBeat.com's FREE daily email newsletter.

CEO Cathie Wood's Ark Invest firm is known for its focus on potentially revolutionary technologies. The firm manages multiple exchange-traded funds (ETFs) and publishes updates regularly when it makes trades. Wood's status as a high-profile growth investor and the easily trackable nature of the portfolio holdings of her company's ETFs mean that some investors pay close attention to trades made by Ark's investment teams.

News that Wood and her team have bought or sold a stock can even have a meaningful impact on a company's near-term valuation momentum and attract investor attention to plays surrounding longer-term trends. Ark's move to purchase roughly $7.6 million shares of BWX Technologies (BWXT +1.20%) across three of its funds on Aug. 20 generated new interest for the company as a nuclear power provider that could be poised to benefit from artificial intelligence tailwinds. Notably, Ark also sold roughly $6.5 million worth of Roblox stock the same day -- potentially reflecting a broader strategic reorientation by the firm.

Image source: Getty Images.

Is Ark gearing up for bigger bets on AI-related power demand? Running high-performance AI data centers is enormously energy-intensive, and the national build-out of data center infrastructure likely remains in its infancy. The current power grid isn't equipped to handle the surging demand for power that will accompany more and more data centers coming online, and that's caused analysts and AI industry players to look to nuclear power and other sources of energy as solutions.

BWX manufactures nuclear reactors and fuel sources for defense applications including submarines and aircraft carriers, and it also makes components for commercial nuclear power plants. Additionally, the company is now making microreactors that could power AI data centers.

Premium Feature

Moneyball Superscore

79/100

Today's Change

(

1.20

%) $

1.83

Current Price

$

154.12

BWX has a strong pedigree in the nuclear energy space, and the company's position as a nuclear components and fuel source supplier and manufacturer of microreactors gives it multiple ways to win as data center growth spurs rising energy demand. While it's impossible to forecast exactly what moves Wood and Ark will make, it wouldn't be surprising to see the firm pour more investment dollars into the company and other nuclear energy specialists capable of capitalizing on the trend.

BWX stock has the potential to be a strong pick-and-shovel play in the AI space. Picking individual hardware and software winners involves a lot of guesswork and attempts to predict twists and turns in a tech category that's still relatively young, but it seems highly likely that AI-related energy demand will continue surging regardless of which hardware and software companies wind up on top.

While it's still unclear whether BWX's microreactors will win big contracts from hyperscalers and other data center customers, the company has solid financial foundations thanks to its existing businesses -- and it appears to have strong competitive positioning compared to smaller, more specialized players in the microreactor space. With that in mind, it wouldn't be surprising to see the company score some big AI-driven wins and attract more investment dollars from Cathie Wood and other high-profile investors.

Keith Noonan has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends BWX Technologies and Roblox. The Motley Fool has a disclosure policy.

LYNCHBURG, Va.--(BUSINESS WIRE)--BWX Technologies, Inc. (NYSE: BWXT) will host an Investor Day with financial analysts and institutional investors on Tuesday, September 29, 2026, beginning at 8:30 a.m. EDT. The event will be held live in New York City and feature presentations by BWXT's President and Chief Executive Officer Rex D. Geveden, Senior Vice President and Chief Financial Officer Mike T. Fitzgerald and other leaders from across the company, followed by a live question and answer sessio.

Key Takeaways BWXT helps manage the Canadian National Laboratory under a long-term government contract.BWXT participates in Lawrence Livermore National Laboratory operations through a management consortium.BWXT applies its nuclear and engineering expertise across complex government research facilities. BWX Technologies, Inc. (BWXT - Free Report) is expanding its government-services footprint through the management and operation of national laboratory facilities. Beyond nuclear component manufacturing and cleanup activities, the company participates in programs that require long-term management of complex research and technical facilities. This provides BWXT with another avenue to apply its nuclear, engineering and operational capabilities across government-owned assets.

A key opportunity is the Canadian National Laboratory Management and Operations Contract, under which Nuclear Laboratory Partners of Canada, Inc. was formed by BWXT Government Group, Kinectrics and Amentum Environment & Energy. The contract began in December 2025, with the consortium responsible for managing and operating the Canadian National Laboratory. This expands BWXT’s involvement beyond individual nuclear projects into broader laboratory operations and long-term facility management.

BWXT also participates in the management and operation of Lawrence Livermore National Laboratory through Lawrence Livermore National Security, LLC. The laboratory focuses on national security, energy, environmental and scientific applications, with particular responsibility for nuclear devices. BWXT’s participation gives it exposure to complex government laboratory operations that extend beyond traditional nuclear manufacturing activities.

The expansion of laboratory management activities could provide BWXT with another opportunity for leveraging its longstanding government and nuclear expertise. These contracts can broaden the company’s role from supplying nuclear technologies to supporting the operation of critical research infrastructure. With the U.S. government remaining BWXT’s largest customer, such programs could complement its existing government services portfolio.

Companies Expanding Government Laboratory ServicesThe government laboratory and technical services market requires specialized capabilities in facility management, nuclear operations and research support. Companies like Amentum Holdings, Inc. (AMTM - Free Report) and Fluor Corporation (FLR - Free Report) are also involved in government laboratory and nuclear site-management programs.

Amentum is a partner with BWXT in the Canadian National Laboratory Management and Operations Contract and participates in other BWXT government services ventures, including the Lawrence Livermore National Laboratory management consortium.

Fluor participates with BWXT in several government nuclear services ventures, including the Savannah River and Hanford programs, giving it exposure to complex government-owned nuclear facilities and long-duration site management activities.

Earnings Estimates for BWXT StockThe Zacks Consensus Estimate for 2026 and 2027 earnings per share suggests year-over-year growth of 18.45% and 10.73%, respectively.

Image Source: Zacks Investment Research

BWXT Stock Is Trading at a DiscountBWX Technologies is trading at a discount relative to the industry, with a forward 12-month price-to-sales of 3.41X compared with the industry average of 8.32X.

Image Source: Zacks Investment Research

BWXT Stock Price PerformanceOver the past month, BWXT shares have fallen 15.3% compared with the industry’s 4% decline.

Image Source: Zacks Investment Research

BWXT’s Zacks RankBWX Technologies currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

BWX Technologies Today

BWXT

BWX Technologies

$153.12 +0.27 (+0.18%)

As of 08/28/2026 03:58 PM Eastern

$147.74▼

$241.820.71%

39.67

$224.20

The Department of Defense faces a structural energy problem, and its latest solution is quietly reshaping the commercial nuclear landscape. The U.S. Army recently selected BWX Technologies, Inc. NYSE: BWXT to deploy a 20-megawatt Advanced Nuclear Reactor at Fort Campbell as part of the Janus program.

This contract operates as a federally funded proving ground for commercial microreactors, eliminating the early-stage friction that usually stifles nuclear innovation. By pivoting from a traditional component manufacturer to a direct power provider, BWX Technologies is leveraging military validation to capture decentralized energy demand from industrial manufacturers and data center hyperscalers.

Get BWX Technologies alerts:

Backed by a strategic divestiture and a robust project backlog, this evolution establishes a highly visible trajectory for outsized earnings expansion.

From Parts to Power: BWXT's Strategic EvolutionThe Janus program essentially forces the military to absorb the highest-risk phase of nuclear deployment. By partnering with the Defense Innovation Unit, the Army is taking on the initial regulatory and construction friction inherent in bringing a new reactor design online. The Fort Campbell project targets a late 2028 groundbreaking, with operations scheduled to begin in the early 2030s.

Instead of only fabricating parts for military operations, management is transitioning BWX Technologies to a vendor-owned operating model. BWX Technologies will own and run the microreactor, selling the generated power directly to the installation.

Recurring revenue from long-term power purchase agreements could offer far better margin stability than episodic component manufacturing. The broader equities market has historically assigned premium valuation multiples to businesses with predictable, utility-like cash flows relative to cyclical defense contractors. This fundamental shift in the operating model sets the stage for potential margin expansion over the next decade.

Bridging Military and MarketThis military validation helps to de-risk the technology for private industry. Tata Chemicals Soda Ash LLC recently signed a letter of intent to explore deploying up to eight Advanced Nuclear Reactor units in Wyoming. Heavy industrial manufacturers need grid independence to ensure operational continuity and to hedge against fluctuating local energy costs. Having the Department of Defense validate the safety and efficacy of these reactors could provide the proof of concept that industrial clients require before committing capital.

Simultaneously, technology hyperscalers face severe power constraints as they build out artificial intelligence (AI) data centers. A deployable, TRISO-fueled microreactor designed to operate safely behind the meter is the kind of resilient power source these energy-intensive sectors are increasingly evaluating. TRISO fuel is structurally resilient and designed to retain fission products even under extreme temperatures, making it safe for decentralized commercial use.

The U.S. Army is effectively helping fund a real-world test case for the product that the commercial technology sector desperately needs to sustain its growth. BWX Technologies is uniquely positioned to capture this demand because its research and development costs are being subsidized by federal defense initiatives.

Building the Balance Sheet for a Nuclear BoomScaling nuclear infrastructure is very capital-intensive. Aggressive expansion often forces businesses to dilute shareholders through secondary stock offerings or take on margin-crushing debt. BWX Technologies helped reduce that risk by divesting its medical isotopes unit to Nordic Capital for up to $800 million.

This transaction injects significant non-dilutive liquidity directly into the balance sheet. BWX Technologies now has additonal capital required to scale its TRISO fuel fabrication facilities and finalize commercialization without tapping expensive credit markets.

Combine this cash influx with a project backlog of about $8.40 billion. That level of contracted revenue provides meaningful multi-year visibility, allowing BWX Technologies to confidently raise its full-year 2026 guidance despite broader macroeconomic volatility. Second-quarter earnings showcased this underlying momentum. BWX Technologies reported earnings per share of $1.07, beating consensus estimates of $1.04, while quarterly revenue expanded 18% year-over-year to hit $901.63 million. When evaluating industrial stocks, finding a pristine balance sheet paired with an expanding backlog is a strong indicator of sustainable earnings growth.

Market Dislocation Meets Institutional ConvictionBWX Technologies' stock price has declined by about 12% over the past 30 days, bringing shares down to around $156. A trailing price-to-earnings ratio sitting near 40 might initially look steep for a legacy defense supplier. Valuing BWX Technologies solely as a traditional government contractor overlooks its ongoing operational pivot. With the forward price-to-earnings ratio easing down to about 32, the market is still weighing the margin expansion that could come from the new vendor-owned power model.

BWX Technologies Stock Forecast Today12-Month Stock Price Forecast:
$224.20
46.42% Upside

Moderate Buy
Based on 15 Analyst Ratings

Current Price$153.12High Forecast$255.00Average Forecast$224.20Low Forecast$170.00BWX Technologies Stock Forecast Details

The recent pullback offers a potential market dislocation. The broader market often sells off industrial names during periods of macroeconomic uncertainty, temporarily ignoring individual catalysts. Technical indicators and institutional behavior support the thesis that this dip is a temporary repricing rather than a fundamental breakdown.

Short interest has dropped by nearly 5% over the last reporting period, leaving only about 3% of the float sold short. A decreasing short interest ratio indicates that bearish sentiment is rapidly easing among professional traders.

Some retail traders noticed CEO Rex Geveden's recent $1.72 million share sale, sparking brief discussions about executive conviction. Context matters with insider selling. The sale occurred roughly two weeks before the material news of the Janus contract and the Nordic Capital divestiture. Executing a trade right before positive catalysts bears all the hallmarks of a routine, scheduled execution rather than a bearish lack of confidence.

Positioning Portfolios for the New Energy GridThe long-term thesis for decentralized nuclear power relies heavily on the successful execution of the technology at Fort Campbell and its subsequent rollout to industrial sites in Wyoming. The broader national energy grid is fracturing under the weight of aging infrastructure and unprecedented electricity demand from artificial intelligence computing. Behind-the-meter power generation is rapidly becoming a premium asset class.

Investors tracking the nuclear renaissance should watch how BWX Technologies allocates its recent $800 million capital injection to expedite the TRISO fuel supply chain, as fuel fabrication remains the primary bottleneck to widespread microreactor adoption. Cautious investors may prefer to add the stock to their watchlist and wait for earnings momentum to build toward the Army’s September 2028 operating target, while those with a higher risk tolerance might view the recent pullback as a strategic entry point before the commercial pipeline fully materializes.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Should You Invest $1,000 in BWX Technologies Right Now?Before you consider BWX Technologies, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and BWX Technologies wasn't on the list.

While BWX Technologies currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

Enter your email address and we’ll send you MarketBeat’s list of ten stocks set to soar in Summer 2026, despite the threat of tariffs and what's happening in Iran. These ten stocks are incredibly resilient and are likely to thrive in any economic environment.

Get This Free Report

LYNCHBURG, Va.--(BUSINESS WIRE)--BWX Technologies, Inc. (BWXT) announced today that Suzanne Maddux has been named senior vice president, operations, reporting directly to President and Chief Executive Officer Rex Geveden. This newly created position will support the company's continued growth in nuclear national security and commercial nuclear power markets. Maddux will assume direct leadership of Environmental Health and Safety, Security, Operational Excellence and Supply Chain. A key focus wi.

The collaboration advances ANEEL’s technical and regulatory qualification ahead of commercial reactor demonstration.

Pictured: In the front row from left to right, John D’Angelo (President of Kinectrics) and Milan Shah (COO of CCTE). In the back row from left to right, Sean Donnelly (VP of Nuclear New Build), Paul Thompson (Executive Advisor of CCTE), and Paul Chan (CTO of CCTE)

CHICAGO, Aug. 18, 2026 (GLOBE NEWSWIRE) -- Clean Core Thorium Energy (CCTE) has selected Kinectrics Inc. (Kinectrics), a division of BWX Technologies Inc. (NYSE: BWXT), to conduct an independent technical review of the ANEEL fuel qualification program as the company advances toward commercial reactor demonstration. 

Kinectrics will perform an independent assessment of the ANEEL fuel qualification program, reviewing key aspects of fuel design, manufacturing, safety and regulatory readiness. The review is intended to support future evaluation by utility Fuel Design Authorities and other stakeholders as the program progresses towards a commercial demonstration irradiation.

This collaboration represents a critical milestone in CCTE’s commercial demonstration program, following previously announced collaborations with BWXT Canada Ltd. for the supply of CANDU fuel bundle hardware and with Canadian Nuclear Laboratories (CNL) for fabrication of full-scale, reactor-ready ANEEL fuel bundles. Together, these partnerships establish the manufacturing, engineering and independent technical capabilities required to advance ANEEL toward commercial reactor demonstration.

“Kinectrics brings world-class expertise in nuclear safety analysis and licensing support, making them one of the most trusted independent evaluators in the nuclear industry,” said Milan Shah, COO of Clean Core Thorium Energy. “With BWXT Canada supplying the fuel bundles and CNL advancing ANEEL fuel pellet fabrication, their independent evaluation provides critical validation as we progress toward regulatory approval and future deployment.”

The collaboration between CCTE, BWXT Canada, CNL, and Kinectrics highlights the strength of Canada’s nuclear supply chain in supporting advanced fuel technologies. Together, these capabilities establish a practical pathway toward demonstration of thorium-based fuel in existing CANDU reactors, supporting the development of fuel with enhanced inherent safety, reduced waste and improved proliferation resistance, while leveraging established reactor infrastructure without requiring major reactor modifications.

The engagement builds on a series of technical milestones achieved by CCTE over the past year. Earlier this year, ANEEL completed accelerated irradiation testing at Idaho National Laboratory’s Advanced Test Reactor, achieving burnups exceeding 60 GWd/MTU. In parallel, CCTE also published a comprehensive peer-reviewed engineering assessment in Nuclear Engineering and Design, a leading peer-reviewed journal in nuclear engineering published by Elsevier, demonstrating the fuel’s performance, safety characteristics and compatibility across multiple reactor applications.

Together, these milestones establish the experimental, manufacturing and independent technical foundation supporting ANEEL’s commercial reactor demonstration programme and future commercial deployment.

About ANEEL Fuel

ANEEL is CCTE’s nuclear fuel platform which includes fuel designs and manufacturing, patents and intellectual property, physical high-burnup irradiation data, and advanced modelling. The fuel is a flexible design combining thorium and enriched uranium, with potential applications across Pressurized Heavy Water Reactors (PHWRs), Gen IV reactors, and Light Water Reactors (LWRs). Across these reactor technologies, ANEEL is designed to improve fuel utilization, with the potential to reduce long-lived spent fuel volumes per unit of energy generated and strengthen safety margins by improving inherent safety characteristics and proliferation resistance.

About Clean Core Thorium Energy

Clean Core Thorium Energy is a nuclear fuel company exploring thorium-driven nuclear innovations. Clean Core’s patented nuclear fuel technology (called the ANEEL fuel) is comprised of thorium and enriched uranium (LEU to HALEU), which can improve the safety and cost-efficiency of water-cooled reactors and advanced reactor technologies. The ANEEL fuel is a novel solution to safety, waste, and proliferation concerns in today’s nuclear plants.

Learn more at https://cleancore.energy/. Follow us on social media: LinkedIn and X.

CCTE Contact
Milan Shah
Chief Operating Officer
[email protected]

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/ecbe2784-a633-440b-b320-4f201a2f4669

Key Takeaways BWXT expands into nuclear medicine through Kinectrics' isotope production and supply capabilities.BWXT's commercial operations span medical radioisotopes, radiopharmaceuticals and diagnostic imaging products.BWXT broadens its healthcare reach through partnerships with life science and pharmaceutical companies. BWX Technologies, Inc. (BWXT - Free Report) is broadening its commercial nuclear portfolio through expanded capabilities in nuclear medicine and medical radioisotopes. The company's acquisition of Kinectrics in May 2025 added capabilities in the production and supply of isotopes for the radiopharmaceutical industry, enabling BWXT to expand its presence across both nuclear power and nuclear medicine markets.

BWX Technologies’ commercial operations segment already provides products for diagnostic imaging and radiotherapeutic treatments, including medical radioisotopes, radiopharmaceuticals and medical devices. These capabilities give the company exposure to healthcare applications that rely on specialized nuclear materials and technologies.

The Kinectrics acquisition also strengthens BWX Technologies’ ability to serve customers across the nuclear medicine value chain. Kinectrics has capabilities spanning isotope production and supply, while BWX Technologies’ existing commercial operations include partnerships with life science and pharmaceutical companies. This combination expands the company's commercial reach beyond traditional nuclear energy applications.

Demand for critical medical radioisotopes and radiopharmaceuticals provides another avenue for BWX Technologies to leverage its nuclear expertise. As the company integrates Kinectrics' capabilities, its broader presence across nuclear medicine could diversify its commercial operations while creating opportunities in specialized healthcare markets.

Companies Expanding Nuclear Medicine CapabilitiesThe nuclear medicine industry continues advancing radiopharmaceutical and diagnostic imaging capabilities to support growing demand for specialized medical applications. Companies like Cardinal Health, Inc. (CAH - Free Report) and GE HealthCare Technologies Inc. (GEHC - Free Report) are also expanding their presence across the nuclear medicine and medical imaging markets.

Cardinal Health operates nuclear pharmacies and radiopharmaceutical manufacturing facilities, supporting the preparation, production and distribution of products used in nuclear medicine.

GE HealthCare provides medical imaging and diagnostic pharmaceutical technologies that support nuclear medicine workflows and broader diagnostic applications.

Earnings Estimates for BWXT StockThe Zacks Consensus Estimate for 2026 and 2027 earnings per share suggests year-over-year growth of 18.45% and 10.52%, respectively.

Image Source: Zacks Investment Research

BWXT Stock Trading at a DiscountBWX Technologies is trading at a discount relative to the industry, with a forward 12-month price-to-sales of 3.94X compared with the industry average of 8.65X.

Image Source: Zacks Investment Research

BWXT Stock Price PerformanceOver the past year, BWXT shares have fallen 1.2% against the industry’s 13.9% growth.

Image Source: Zacks Investment Research

BWXT’s Zacks RankBWX Technologies currently sports a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. 

The nuclear energy market fizzled out for more than a decade after the 2011 Fukushima disaster. Many countries paused their nuclear projects, the price of uranium plummeted, and many uranium miners and nuclear energy companies shut down.

But over the past few years, the nuclear market warmed up again. New decarbonization initiatives, safer nuclear technologies, and the rapid growth of the power-hungry cloud infrastructure, artificial intelligence (AI), and data center markets all fueled that recovery.

Image source: Getty Images.

The global nuclear energy market could grow at a 4.9% CAGR from 2026 to 2033, according to Grand View Research, as those tailwinds persist. One simple way to invest in that expansion is through BWX Technologies (BWXT +2.03%). Let's see why this oft-overlooked nuclear stock is still a safe place to park a $5,000 investment today.

What does BWX Technologies do? BWX, which was spun off from Babcock & Wilcox (BW +8.26%) in 2015, is the only large-scale producer of specialized nuclear components, fuel systems, and naval reactor systems in North America. It's one of the few companies licensed to work with regulated nuclear materials, handle high-assay enriched uranium (HALEU) and tri-structural isotropic (TRISO) fuel, run large precision nuclear fabrication facilities, and develop naval reactor components for the U.S. Navy.

That scale and diversification make BWX a bellwether of the nuclear market. It's also a linchpin of the industry, since it dominates irreplaceable parts of North America's nuclear supply chain. BWX generates most of its revenue from the defense sector, so it was better insulated from the post-Fukushima slowdown in commercial nuclear spending.

Today's Change

(

2.03

%) $

3.53

Current Price

$

177.32

From 2021 to 2025, BWX's revenue and adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) grew at CAGRs of 11% and 8%, respectively. That growth was supported by new Navy orders, a recovering commercial sector, its growing uranium-processing business, and two major acquisitions in 2025.

It also started providing engineering support services for developers of small modular reactors (SMRs). At the end of 2025, BWX's backlog grew 50% year over year to $7.3 billion, driven by orders for its naval propulsion components, commercial nuclear power components, and special materials.

From 2025 to 2028, analysts expect BWX's revenue and adjusted EBITDA to grow at CAGRs of 12% and 11%, respectively. With an enterprise value of $17.4 billion, it still looks reasonably valued at 27 times this year's adjusted EBITDA. So if you're looking for a simple way to profit from the nuclear market's growth, BWX checks all the right boxes.

BWX Technologies, Inc. (BWXT) Q2 2026 Earnings Call Transcript

AI’s Power Problem Is Turning Nuclear Stocks Into a Bigger Market StoryBWX Technologies NYSE: BWXT reported second-quarter 2026 revenue growth of 18% and raised its full-year financial outlook, citing continued demand across nuclear national security and commercial power markets.

Second-quarter revenue reached $902 million, including 9% organic growth, while adjusted EBITDA rose 7% to $156 million. Adjusted earnings per share increased 5% to $1.70, and free cash flow totaled $115 million. The company ended the quarter with $8.4 billion in backlog, up 40% from a year earlier, and reported a trailing 12-month book-to-bill ratio of 1.7 times.

Get BWX Technologies alerts:

3 Overlooked Nuclear Fuel Supply Chain WinnersPresident and CEO Rex Geveden said the company sees the nuclear industry in the early stages of a “multi-decade super cycle of growth,” supported by demand for naval propulsion, national security programs, commercial reactor equipment and nuclear services.

Medical Business Sale and PCG Acquisition BWXT announced the sale of just over 80% of its medical business and Kinectrics stable-isotope enrichment operations to Nordic Capital in a transaction valued at up to $800 million. The deal includes $750 million of consideration, with shared economics that could lift the value to $800 million, according to Senior Vice President and CFO Mike Fitzgerald.

Nuclear's Pullback: A Generational Buying Opportunity?BWXT will retain a 20% equity interest in the businesses and will continue providing certain specialty manufacturing services after the transaction closes. The sale excludes the company’s Isogen joint venture with Framatome, which provides irradiation services through Bruce Power.

Geveden said the medical operations represented about 3% of BWXT’s total sales but required a disproportionate amount of management attention. He said the transaction would allow the company to concentrate resources on nuclear national security and commercial power opportunities while placing the medical assets with an owner focused on the healthcare market.

Fitzgerald said the businesses being sold are expected to account for approximately $130 million of 2026 revenue at a margin modestly above the Commercial Operations segment average. After the sale, BWXT will account for its retained interest through equity income rather than revenue.

The company also completed its acquisition of Precision Components Group, or PCG, in early July. While much of PCG’s current work is tied to the U.S. Naval Nuclear Propulsion Program, Geveden said the business adds commercial nuclear manufacturing capabilities, including experience supporting AP1000 components.

BWXT is assessing how to deploy capital at PCG and evaluating additional U.S. commercial manufacturing expansion. Potential sites include Mount Vernon, Indiana, as well as East Coast locations that could leverage PCG’s real estate and workforce. The company said it needs deep-water port access to serve global markets for large equipment, such as steam generators and reactor pressure vessels. BWXT received a $21 million Department of Energy award in May to support domestic manufacturing capacity expansion and expects a final investment decision in coming months.

Commercial Nuclear Pipeline Expands Commercial Operations revenue increased 72% in the quarter, including 33% organic growth. Adjusted EBITDA in the segment more than doubled to $36 million, while adjusted EBITDA margin was 11.9%. Results reflected higher Canadian field services and aftermarket work, nuclear medicine growth, and increased Kinectrics revenue.

Geveden said BWXT is pursuing work with multiple reactor vendors globally and sees a credible opportunity to secure at least one new-build nuclear equipment order before the end of 2026. He pointed to opportunities involving small modular reactors, AP1000 projects and GE Vernova’s BWRX-300 technology.

Canada’s recently released nuclear strategy was also cited as a potential source of future demand. The plan contemplates up to 10 new large reactors over coming decades, in addition to SMR deployments and CANDU life-extension programs. Geveden said long-lead equipment orders for large Canadian projects could begin to affect BWXT’s business positively in the early 2030s.

The company is also pursuing arrangements to monetize its mPower small modular reactor intellectual property. BWXT signed an exclusive land-based licensing agreement with Applied Atomics, which will lead and fund completion of the design and licensing process. BWXT will support that work, retain the intellectual property and hold exclusive manufacturing and royalty rights. Separately, BWXT is conducting a feasibility study with Core Power on using mPower technology for floating nuclear platforms serving offshore energy markets.

Government Operations and Advanced Nuclear Programs Government Operations revenue grew 2% during the quarter as growth in Special Materials and naval propulsion offset lower microreactor volumes. Segment adjusted EBITDA was $126 million, representing a 20.9% margin.

BWXT said its Defense Fuels Enrichment and High Purity Depleted Uranium programs are progressing. The company expects to deliver an operational prototype centrifuge this year at its centrifuge manufacturing development facility, while engineering and site preparation continue for new HPDU plants in Jonesborough, Tennessee.

Geveden also highlighted the Navy’s updated 30-year shipbuilding plan, which calls for sustained annual production of two Virginia-class submarines and one Columbia-class submarine, while accelerating Ford-class aircraft carrier procurement to a four-year cadence. He said the faster Ford cadence should improve manufacturing stability by reducing periods in which only one ship set is moving through BWXT’s plants.

The plan additionally introduces a nuclear-powered battleship concept using one Ford-class reactor. Geveden said the initiative remains in its early stages and is dependent on further authorization and appropriations, but long-lead procurement could begin in 2028 if the program moves forward.

Raised 2026 Outlook BWXT raised full-year free cash flow guidance by $30 million to a range of $345 million to $360 million. It now expects approximately $3.8 billion of revenue for 2026, representing high-teens growth from 2025, and increased adjusted EBITDA guidance to $662 million to $672 million.

Government Operations revenue growth is now expected in the high single digits, down from a prior low-teens expectation, reflecting better cost performance that reduces reported revenue under the company’s accounting rules. Government Operations adjusted EBITDA margin guidance rose to approximately 20.5%, from greater than 19% previously. Commercial Operations revenue growth guidance increased to approximately 45%, from approximately 30%, with slightly more than half of the increase attributed to PCG and the remainder driven by commercial power growth and improved Kinectrics performance. Commercial Operations adjusted EBITDA margin guidance was lowered to approximately 13% from approximately 14%, reflecting investments in U.S. and Canadian capacity. Non-GAAP earnings-per-share guidance was raised to $4.70 to $4.80, with the increase driven entirely by stronger operating earnings. Fitzgerald said BWXT expects about 55% of second-half earnings to be generated in the fourth quarter because of normal Commercial Operations seasonality and the timing of Government Operations program ramps.

About BWX Technologies (NYSE:BWXT)BWX Technologies, Inc NYSE: BWXT is a specialized supplier of nuclear components and services, primarily serving the U.S. government and commercial markets. The company's core expertise lies in the design, fabrication and servicing of nuclear propulsion systems for the U.S. Navy, where it supports the maintenance and overhaul of naval nuclear reactors. In addition to defense applications, BWXT develops small modular reactors (SMRs), nuclear fuel and related technologies for non‐defense power generation, offering scalable solutions to meet evolving energy and industrial demands.

Beyond propulsion and power systems, BWXT is a leading producer of medical radioisotopes used in diagnostic imaging and cancer treatment.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected].

Should You Invest $1,000 in BWX Technologies Right Now?Before you consider BWX Technologies, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and BWX Technologies wasn't on the list.

While BWX Technologies currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

Discover the next wave of investment opportunities with our report, 7 Stocks That Will Be Magnificent in 2026. Explore companies poised to replicate the growth, innovation, and value creation of the tech giants dominating today's markets.

Get This Free Report

LYNCHBURG, Va.--(BUSINESS WIRE)--BWX Technologies, Inc. (NYSE: BWXT) ("BWXT", "we", "us" or the "Company") reported second quarter 2026 results. A reconciliation of non-GAAP results is detailed in Exhibit 1. “We had strong second quarter 2026 results that were ahead of our expectations,” said Rex. D. Geveden, president and chief executive officer. “Once again we saw strong execution across our business, high growth in Commercial Operations, and good free cash flow generation.” “Demand for new n.

BWX Technologies: Steady Revenue ProgressionBWX Technologies (BWXT +1.31%) operates globally to produce and sell precision nuclear components, reactors, and specialized nuclear fuel for defense programs and commercial energy applications.

It completed the acquisition of Precision Components Group to add heavy-manufacturing capacity in July 2026, and for the quarter ended March 31, 2026, it reported a net income margin of 11%.

Archer Aviation: Transitioning to Revenue GenerationArcher Aviation (ACHR +3.88%) focuses on urban air mobility, specializing in the development, manufacturing, and operation of electric vertical takeoff and landing (eVTOL) aircraft for passenger transport.

While partnering with Anduril Industries to unveil a jointly developed autonomous flight platform in July of 2026, it reported an earnings per share (EPS) of -$0.28 for the quarter ended March 31, 2026.

Why Revenue Matters for Retail InvestorsRevenue serves as a fundamental metric for investors to track total sales volume before subtracting operating costs. Understanding this top-line figure helps investors measure how effectively a business generates sales over time.

Quarter (Period End)BWX Technologies RevenueArcher Aviation RevenueQ2 2024 (June 2024)$681.5 million$0.00Q3 2024 (Sept. 2024)$672.0 million$0.00Q4 2024 (Dec. 2024)$746.3 million$0.00Q1 2025 (March 2025)$682.3 million$0.00Q2 2025 (June 2025)$764.0 million$0.00Q3 2025 (Sept. 2025)$866.3 million$0.00Q4 2025 (Dec. 2025)$885.8 million$300,000Q1 2026 (March 2026)$861.1 million$1.6 millionData source: Company filings. Data as of July 24, 2026.

Foolish TakeA comparison between aerospace companies BWX Technologies and Archer Aviation is a contrast against a veteran versus a nascent business. Archer aspires to be the Tesla of electric aviation, offering investors an opportunity to get in early while its eVTOL tech is slowly finding customers.

Archer’s sudden sales in the past two quarters suggest it is finally finding its commercial footing. The company was selected as the official air taxi provider of the 2028 Olympic Games in Los Angeles, a sign that its revenue could continue to grow.

BWX Technologies’ revenue trend reveals rapidly rising year-over-year sales. Its $861.1 million in Q1 was a strong 26% increase over 2025 thanks to the explosive 121% growth of its commercial business to $283.6 million. The arrival of artificial intelligence has fueled a massive demand for electricity to fuel the thousands of computer servers required for AI. This has led to increased adoption of nuclear power as a solution, creating a large new market for BWX’s offerings.

Investing in Archer is a gamble on the future of eVTOL while BWX represents an investment in a solid company with a history of growing revenue and the AI boom as a tailwind.

Key Takeaways BWXT combines government nuclear contracts with expanding commercial nuclear operations and acquisitions.BWX Technologies trades at 4.06X forward sales versus XE at 11.34X forward sales.BWXT shares fell 20.9% in three months versus a 45.5% decline for XE shares. As investor interest in nuclear energy continues to grow, both X-Energy (XE - Free Report) and BWX Technologies (BWXT - Free Report) have emerged as attractive ways to gain exposure to the sector. While both companies operate within the U.S. nuclear industry, they represent two very different investment opportunities. While BWX Technologies is a mature, profitable supplier of nuclear components and services to the U.S. government with decades of industry experience, X-Energy is an emerging advanced reactor developer focused on commercializing next-generation nuclear technology.

The global nuclear industry is entering a new growth cycle as governments seek reliable, carbon-free sources of electricity to complement renewable energy and strengthen energy security. Rising electricity demand driven by artificial intelligence, data centers, electrification, and industrial decarbonization is increasing the need for dependable baseload power, while geopolitical concerns have prompted many countries to reduce reliance on imported fossil fuels. As a result, governments are extending the operating lives of existing nuclear plants, restarting previously retired reactors, and investing in next-generation technologies such as small modular reactors (SMRs) and advanced reactors.

Let us compare the stocks' fundamentals to determine which one is a better investment option at present.

Factors Acting in Favor of XE StockX-Energy is focused on the future of commercial nuclear power. The company is developing the Xe-100, a Generation IV high-temperature gas-cooled SMR designed to provide carbon-free electricity, industrial heat, and hydrogen production. Unlike traditional large nuclear plants, the Xe-100 is modular, scalable, and intended to be easier and less expensive to deploy. XE is also developing TRISO-X, a business dedicated to manufacturing TRISO fuel, an advanced nuclear fuel known for its exceptional safety characteristics and high-temperature performance. The company expects fuel production to become a meaningful long-term revenue stream as advanced reactors are deployed globally.

As of March 31, 2026, the company had a project pipeline of 144 Xe-100 reactors, representing roughly 11.5 gigawatts electric (GWe) of potential capacity across the United States and the United Kingdom. This pipeline is anchored by major customers and partners including Dow, Amazon and Centrica, providing the company with a solid foundation for future reactor sales, fuel supply agreements and long-term service revenues.

Factors Acting in Favor of BWXT StockBWX Technologies has built its business around designing and manufacturing nuclear components, fuel, and reactor systems for the U.S. Navy, Department of Energy, NASA, and other government agencies. The company is the sole manufacturer of naval nuclear reactors for U.S. aircraft carriers and submarines, giving it a highly defensible competitive position supported by long-term government contracts and recurring revenues. In recent years, BWXT has also expanded its commercial nuclear operations by supplying components, fuel handling systems, and engineering services for existing nuclear power plants, while increasing its presence in medical isotopes and advanced reactor technologies. This diversified business model provides stable cash flows and relatively predictable earnings growth.

In April 2026, BWXT announced the acquisition of Precision Components Group, LLC. This marks BWXT’s first step in establishing a U.S. commercial nuclear component manufacturing footprint to support future new reactor builds and aftermarket.

How Does the Zacks Consensus Estimate Compare for XE & BWXT?The Zacks Consensus Estimate for X-Energy’s 2027 earnings per share (EPS) indicates growth of 15.09% year over year. 
 

Image Source: Zacks Investment Research

The Zacks Consensus Estimate for BWX Technologies’ 2027 EPS implies growth of 13.74% year over year.

Image Source: Zacks Investment Research

Valuation for XE & BWXTXE shares trade at a forward 12-month price/sales (P/S F12M) of 11.34X compared with BWXT’s P/S F12M of 4.06X.

Image Source: Zacks Investment Research

XE & BWXT’s Price PerformanceIn the past three months, shares of X-Energy and BWX Technologies’ have declined 45.5% and 20.9%, respectively.  

Image Source: Zacks Investment Research

XE or BWXT: Which Is a Better Choice Now?X-Energy is developing advanced SMR technology for commercial nuclear power, with a focus on delivering carbon-free electricity, industrial heat, and hydrogen production through scalable reactor designs. XE is also building an advanced nuclear fuel business, supported by a growing pipeline of projects and partnerships that position it for long-term reactor, fuel, and service revenue opportunities.

BWX Technologies specializes in nuclear components, fuel, and reactor systems for U.S. government agencies, supported by long-term contracts that provide stable and recurring revenues. BWXT is also expanding its commercial nuclear business through advanced reactor technologies, nuclear services, and strategic acquisitions that strengthen its position in the growing commercial market.

Our choice at the moment is BWX Technologies, given its better price performance and more attractive valuation than X-Energy. BWXT carries a Zacks Rank #3 (Hold) and XE has a Zacks Rank #4 (Sell) at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Key Takeaways BWXT's production network supports long-term government and commercial customer contracts.BWXT is investing in facilities and equipment to support long-term nuclear and defense programs.BWX Technologies' manufacturing expansion enhances production capacity and operational efficiency. BWX Technologies, Inc. (BWXT - Free Report) continues expanding its manufacturing capabilities to boost growing demand across its defense, commercial nuclear and advanced reactor businesses. The company is investing in production facilities and specialized equipment to strengthen operational capacity and improve execution across long-term customer programs. As of March 31, 2026, BWXT reported nearly $1.6 billion in net property, plant and equipment (PP&E), highlighting the scale of its manufacturing platform.

Manufacturing investment remains a key part of BWXT's long-term strategy. The company's specialized production facilities support the fabrication of naval nuclear components, reactor technologies, precision manufacturing and other mission-critical products. Continued investment in manufacturing assets helps modernize operations while aiding production requirements across multiple business segments and strengthening its long-term manufacturing capabilities.

BWXT's manufacturing footprint also provides the flexibility to execute a diverse mix of government and commercial programs. As customer requirements continue evolving, investments in facilities and production equipment boost the company's ability to support long-duration contracts while improving manufacturing efficiency, operational execution and production reliability across its manufacturing network.

Growing demand for nuclear technologies across defense, energy and medical markets is expected to bolster additional manufacturing activity. BWXT's continued investment in production infrastructure positions the company to meet future customer requirements while reinforcing its long-term competitive position and supporting sustained growth across its diversified nuclear technology portfolio.

Companies Expanding Manufacturing InfrastructureNuclear technology companies continue investing in manufacturing assets to strengthen production capabilities and support future reactor deployment. Companies like Oklo Inc. (OKLO - Free Report) and NuScale Power Corporation (SMR - Free Report) are also expanding their manufacturing asset base through continued investments in facilities and equipment.

Oklo reported $95.6 million in net property, plant and equipment as of March 31, 2026, reflecting continued investment in construction in progress and equipment supporting its advanced reactor development.

NuScale Power reported $3.2 million in net property, plant and equipment as of March 31, 2026, highlighting continued investment in facilities and manufacturing assets aiding its small modular reactor technology.

Earnings Estimates for BWXT StockThe Zacks Consensus Estimate for 2026 and 2027 earnings per share suggests year-over-year growth of 14.71% and 13.74%, respectively.

Image Source: Zacks Investment Research

BWXT Stock Is Trading at a DiscountBWX Technologies is trading at a discount relative to the industry, with a forward 12-month price-to-sales of 4X compared with the industry average of 8.41X.

Image Source: Zacks Investment Research

BWXT Stock Price PerformanceOver the past year, BWXT shares have rallied 21.5% compared with the industry’s 7% growth.

Image Source: Zacks Investment Research

BWXT’s Zacks RankBWX Technologies currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Key Takeaways BWX Technologies is expanding capabilities to support next-generation reactor deployment.BWXT leverages nuclear manufacturing and engineering expertise across advanced reactor programs.BWX Technologies is investing in facilities and technical capabilities to support future reactor projects. BWX Technologies, Inc. (BWXT - Free Report) continues strengthening its position in the advanced nuclear market by expanding capabilities that support next-generation reactor deployment. The company is leveraging its expertise in nuclear manufacturing, engineering and fuel technologies to support advanced reactor developers and government customers. BWXT is also investing in facilities, equipment and technical capabilities that enhance its ability to deliver specialized reactor components and related nuclear technologies.

Advanced reactors require highly specialized manufacturing processes, precision engineering and a secure domestic supply chain for critical nuclear components. BWXT's decades of experience in naval nuclear propulsion and commercial nuclear operations provide a strong foundation to support these emerging reactor programs. The company's integrated capabilities enable it to manufacture complex reactor components while meeting stringent quality and regulatory requirements.

BWXT also continues expanding its advanced reactor portfolio through collaborations with government agencies and commercial developers. Its expertise spans reactor design support, nuclear fuel development, component manufacturing and engineering services, positioning the company to participate across multiple stages of advanced reactor deployment.

As interest in advanced nuclear technologies continues growing, demand for experienced nuclear manufacturers is expected to increase. BWXT's continued investment in technical capabilities, specialized manufacturing and engineering expertise positions the company to support future advanced reactor projects while strengthening its long-term growth opportunities.

Companies Advancing Advanced Reactor CapabilitiesAs advanced nuclear technologies keep gaining momentum, companies are expanding capabilities to support the deployment of next-generation reactors. Companies like Oklo Inc. (OKLO - Free Report) and NuScale Power Corporation (SMR - Free Report) are also fortifying their positions across the advanced reactor market.

Oklo continues advancing the deployment of its Aurora advanced reactor through fuel qualification, site development and commercialization activities while expanding the capabilities needed to support future reactor operations.

NuScale Power continues advancing its small modular reactor technology through engineering, licensing and supply-chain readiness, strengthening its ability to support future reactor deployment.

Earnings Estimates for BWXT StockThe Zacks Consensus Estimate for 2026 and 2027 earnings per share suggests year-over-year growth of 14.71% and 13.90%, respectively.

Image Source: Zacks Investment Research

BWXT Stock Is Trading at a DiscountBWX Technologies is trading at a discount relative to the industry, with a forward 12-month price-to-sales of 4.25X compared with the industry average of 14.05X.

Image Source: Zacks Investment Research

BWXT Stock Price PerformanceOver the past year, BWXT shares have rallied 34.9% compared with the industry’s 20.2% growth.

Image Source: Zacks Investment Research

BWXT’s Zacks RankBWX Technologies currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

The nuclear energy market cooled off for a decade after the 2011 Fukushima disaster. But over the past few years, it warmed up again as countries implemented new decarbonization initiatives and the cloud, AI, data center, and industrial automation markets expanded.

From 2025 to 2020, the International Energy Agency (IEA) expects the world's nuclear capacity to rise by over 50%. To capitalize on that secular trend, investors should take a closer look at BWX Technologies (BWXT 0.36%) -- a $17.5 billion nuclear energy bellwether that is much better diversified than most of its industry peers.

Image source: Getty Images.

Why is BWX Technologies a great long-term investment? BWX is the top producer of specialized nuclear components, fuel systems, and naval reactor systems in North America. It's one of the only companies authorized to handle regulated nuclear materials, work with high-assay enriched uranium (HALEU) and tri-structural isotropic (TRISO) fuel, and produce naval reactor components for the U.S. Navy.

Today's Change

(

-0.36

%) $

-0.68

Current Price

$

190.57

It's also developing modular microreactors that can be deployed in smaller areas for Project Pele, one of the most important U.S. advanced nuclear programs. Its heavy exposure to the defense market insulated it from the post-Fukushima decline in nuclear spending, and its year-end backlog swelled 50% year over year to $7.3 billion in 2025.

From 2025 to 2028, analysts expect BWX's revenue and EPS to grow at CAGRs of 13% and 16%, respectively. It might not seem like a bargain at 37 times next year's earnings, but its growing backlog and long-term strengths justify that premium valuation.

Leo Sun has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends BWX Technologies. The Motley Fool has a disclosure policy.

Key Takeaways BWXT invested $4.1 million in R&D during the first quarter of 2026.BWXT advances nuclear fuel, reactor technologies and precision manufacturing through innovation.BWXT uses R&D to strengthen competitiveness across defense and commercial nuclear markets. BWX Technologies, Inc. (BWXT - Free Report) continues investing in research and development (R&D) to strengthen its advanced nuclear technologies, manufacturing capabilities and long-term product portfolio. During the three months ended March 31, 2026, the company invested $4.1 million in R&D, reflecting its continued focus on innovation across naval nuclear propulsion, advanced reactor technologies, nuclear fuel and precision manufacturing.

Continued investment in R&D supports BWXT's efforts to enhance existing technologies while developing next-generation nuclear solutions. The company's research activities focus on improving nuclear components, fuel technologies, manufacturing processes and engineering capabilities that support both current government programs and future commercial opportunities. These investments help strengthen BWXT's technological expertise while boosting long-term competitiveness.

R&D also complements BWX Technologies’ long-term growth strategy by enabling product innovation and operational improvements across multiple nuclear markets. Continued technological advancement positions BWXT to address evolving customer requirements while expanding opportunities in defense, commercial nuclear and advanced reactor applications. This diversified innovation strategy supports sustainable long-term growth.

As demand for advanced nuclear technologies continues to increase, innovation is expected to remain a key competitive advantage. BWXT's continued investment in research and development reinforces its ability to support future nuclear programs while strengthening its leadership across the industry.

Companies Investing in Nuclear R&DNuclear companies continue increasing investments in research and development to advance reactor technologies, nuclear fuels and next-generation energy solutions. Companies like NuScale Power Corporation (SMR - Free Report) and Oklo Inc. (OKLO - Free Report) are also expanding R&D efforts in this area.

NuScale Power invested $12.8 million in R&D during the three months ended March 31, 2026, supporting the advancement of its small modular reactor technology.

Oklo invested $27 million in R&D during the three months ended March 31, 2026, aiding the development of its advanced fast reactor technology, fuel recycling capabilities and next-generation nuclear energy systems.

Earnings Estimates for BWXT StockThe Zacks Consensus Estimate for 2026 and 2027 earnings per share suggests year-over-year growth of 14.71% and 13.90%, respectively.

Image Source: Zacks Investment Research

BWXT Stock Is Trading at a DiscountBWX Technologies is trading at a discount relative to the industry, with a forward 12-month price-to-sales of 4.42X compared with the industry average of 13.54X.

Image Source: Zacks Investment Research

BWXT Stock Price PerformanceOver the past year, BWXT shares have rallied 33.8% compared with the industry’s 22.1% growth.

Image Source: Zacks Investment Research

BWXT’s Zacks RankBWX Technologies currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

BWX Technologies, Inc. (NYSE: BWXT) will issue a news release detailing second quarter 2026 results on Monday, Aug. 3, 2026, after market close and will host a conference call at 5:00 p.m. EDT.

Listen-only participants are encouraged to participate and view the supporting presentation via the Internet at investors.bwxt.com. The dial-in numbers for participants are (U.S.) 1-800-715-9871 and (International) 1-646-307-1963; conference ID: 6333615. A replay of the call will remain available on the BWXT website for a limited time.

About BWXT

At BWX Technologies, Inc. (NYSE: BWXT), we are People Strong, Innovation Driven. A U.S.-based company with approximately 10,000 employees, BWXT is a Fortune 1000 and Defense News Top 100 manufacturing and engineering innovator that provides safe and effective nuclear solutions for global security, clean energy, nuclear medicine, space exploration and environmental restoration. BWXT owns and operates 17 manufacturing facilities globally, and its 14 strategic partnerships support the U.S. and Canadian government at more than two dozen additional locations. For more information, visit www.bwxt.com. Follow us on LinkedIn, X, FacebookandInstagram.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260630965448/en/

Nuclear stocks BWX Technologies and NuScale Power are drawing fresh investor interest, but execution, valuation and revenue visibility may separate the stronger choice.

The U.S. nuclear sector reached a historic technical milestone earlier this month when Antares Nuclear’s Mark-0 microreactor achieved criticality at Idaho National Laboratory (INL). The June 4 demonstration marked the first time a privately developed advanced reactor reached this state under the Department of Energy’s (DOE) Reactor Pilot Program (RPP). It also represented the first novel reactor design to go critical at INL in more than 40 years.

This event provides concrete validation that reactor concepts can move from design and analysis into physical testing on accelerated timelines. It also underscores the supporting role in the nuclear supply chain of established companies that deliver the specialized fuel and components required for these tests.

Key Takeaways Antares Nuclear’s microreactor became the first advanced design to complete a criticality test under the DOE RPP. BWX Technologies (BWXT) manufactured and supplied the reactor fuel that powered the successful test. The demonstration clears the way for Aalo Atomics to pursue its own criticality milestone later this summer with support from Flowserve (FLS), another established constituent of the VettaFi Nuclear Renaissance Index (NUKZX). What Happened at INL Antares conducted the test at INL using the Mark-0, a microreactor fueled with high-assay low-enriched uranium (HALEU). The reactor reached a self-sustaining nuclear chain reaction, but produced essentially no measurable thermal power or electricity.

The Mark-0 configuration was built specifically as a low-power physics test bed. It lacks the power conversion equipment, full heat removal systems, and balance-of-plant infrastructure that a commercial or higher-power prototype would require. This focused setup allowed Antares to complete the fueled test safely on an accelerated schedule; the company transitioned from chalkboard to splitting atoms in only nine months. 

Criticality is the condition in which a nuclear reactor achieves a self-sustaining fission chain reaction. In practical terms, it means the number of neutrons produced by fission exactly balances the number lost to absorption or leakage. The reactor is neither increasing nor decreasing in power on its own; it holds steady at whatever level the operators set through control systems.

BWXT’s Fuel Role and the Supply Chain Connection BWXT played a direct, enabling role by manufacturing the fuel used in the Mark-0 test. The company also processed the HALEU feedstock into the form needed for advanced reactors. This work built on BWXT’s prior fuel production experience for the Army’s Project Pele microreactor program.

The successful use of this fuel in the first RPP criticality test highlights how established manufacturers reduce technical risk for newer reactor developers. BWXT’s Lynchburg facility has decades of specialized nuclear fuel fabrication expertise that newer entrants can leverage rather than recreate from scratch.

Aalo Atomics Positioned to Follow Quickly Aalo Atomics, also participating in the DOE RPP, is targeting its own criticality demonstration with the Aalo-X critical test reactor in the coming weeks, with the goal of meeting the July 4 executive order timeline. Aalo has already secured DOE approval to begin reactor start up preparations at INL.

Aalo maintains a strategic partnership with Flowserve (FLS) focused on pumps, valves, and critical flow-control equipment for its modular reactor designs aimed at data center applications. Flowserve’s involvement provides Aalo with proven nuclear-grade components and engineering support as it moves toward its own criticality milestone.

Implications for Investors and the Nuclear Value Chain Early criticality demonstrations like the one completed by Antares de-risk advanced reactor concepts and compress development timelines. They demonstrate today’s nuclear industry is ready, willing, and able to build capacity at speeds not seen since the 1950s/1960s.

The VettaFi Nuclear Renaissance Index (NUKZX) captures exposure to these developments through companies such as BWXT, which supplied the enabling fuel, and Flowserve, which is already partnered with the next company expected to reach criticality. NUKZX includes a diversified mix of fuel cycle, component, engineering, and service providers positioned across the nuclear value chain. NUKZX serves as the underlying index for the Range Nuclear Renaissance Index ETF (NUKZ).

These milestones illustrate how progress on advanced reactors creates tangible opportunities for established public companies long before any single reactor developer reaches commercial revenue. For investors seeking broad participation in the nuclear renaissance without concentrating risk in pre-revenue reactor developers, the diversified approach embedded in NUKZX offers a practical path to capture value from the full ecosystem supporting these projects.

Related Research: Investing in X-energy Without the Pre-Revenue IPO Risk

Today’s Energy Crisis & the Need for Nuclear Tomorrow

Not All Nuclear Exposure Is Created Equally

Looking for nuclear insights in your inbox? Subscribe here to keep a pulse on nuclear investing through our weekly research.

For more news, information, and analysis, visit the Nuclear Energy Content Hub.

vettafi.com is owned by VettaFi LLC (“VettaFi”). VettaFi is the index provider for NUKZ, for which it receives an index licensing fee. However, NUKZ is not issued, sponsored, endorsed, or sold by VettaFi. VettaFi has no obligation or liability in connection with the issuance, administration, marketing, or trading of NUKZ.

When investors search for nuclear energy stocks, it's easy to start researching Oklo and NuScale Power. Those two companies are working to deliver disruptive technology to an older industry with their small modular reactors (SMRs).

A company that sometimes gets missed, however, is BWX Technologies (BWXT +0.04%). It's not a pure-play nuclear energy company, and it hasn't quite captured the investing world's imagination. But that's OK because it creates an opportunity for those who value owning shares in a profitable, growing company that also pays a dividend.

Image source: Getty Images.

A nuclear company that knows how to make money BWX may not be a pure-play nuclear stock, but it still has extensive operations relating to nuclear energy. It does a little bit of everything in the market, ranging from manufacturing nuclear reactors to providing field and engineering services to nuclear medicine. It's also the contractor-manufacturer of the reactor pressure vessel for an SMR being developed by a partnership between GE Vernova and Hitachi.

The bulk of BWX's revenue comes from its government operations, with $2.3 billion of its total $3.2 billion in 2025 revenue coming from that segment. Also, $5.5 billion of its $7.3 billion backlog is for government operations. While there are risks involved in relying on government contracts, BWX also has a moat that provides steady revenue through its highly specialized operations, as evidenced by its backlog.

Today's Change

(

0.04

%) $

0.07

Current Price

$

194.75

That said, the company is also seeing growth with its commercial operations, which include nuclear components, fuel handling, and medical sales. Revenue for that segment grew 63% from $524 million in 2024 to $853 million in 2025. That growth trend appears to be continuing for commercial operations into this year, with 2026 first-quarter revenue of $284 million, up 121%.

It also has another catalyst for revenue growth on the horizon with the potential acquisition of Precision Components Group. If the acquisition clears regulatory hurdles, BWX says it will "establish additional U.S. commercial nuclear production capacity to serve growing domestic demand." In 2025, Precision Components generated $125 million in revenue.

BWX Technologies investment considerations Reporting net income of around $329 million in 2025, this isn't the biggest moneymaking operation in the world. Still, it's a steady, profitable business with reliable demand from government contracts and is growing its other revenue streams.

Despite the stability, for value investors this nuclear investment is considered expensive based on traditional valuation metrics, and, as of this writing, shares have climbed nearly 100% over the last 12 months. Some may want to wait for a pullback. Still, within the nuclear energy space, finding a profitable company that also pays a dividend may be worth considering paying up for.

Global energy demand is exploding, and the world is facing a simple reality: We need more energy. While wind and solar have grown in popularity, modern technology is always on and needs reliable energy that can deliver power no matter what. Technology giants are increasingly embracing nuclear energy, and governments are paving the way for more nuclear energy in the coming decades.

Amid this resurgence, nuclear energy stocks are enjoying strong tailwinds that could persist for decades. Two nuclear stocks that are surging are Cameco (CCJ +2.12%) and BWX Technologies (BWXT +0.04%), gainin 103% and 82%, respectively, in the past year alone. Here's why these stocks can continue delivering for long-term investors.

Image source: Getty Images.

This top miner will help fuel the global nuclear build-out In recent years, surging energy demand has come into focus, and countries are scrambling to meet the growing needs of artificial intelligence (AI) data centers. In the United States, there has been a major push for energy independence, and nuclear power is seen as a key pillar in making it possible. Under the Trump administration, the U.S. is pushing to advance nuclear technology and accelerate the build-out of nuclear-related infrastructure.

Cameco sits at the intersection of Western energy independence and the growing demand for nuclear power. The company is the largest publicly traded uranium miner in the world and the undisputed heavyweight of the Western world's uranium supply. Cameco supplies roughly 17% of the world's uranium and owns ultra-high-grade uranium mines at McArthur River and Cigar Lake in Saskatchewan, Canada.

The company has committed to delivering an average of 28 million pounds of uranium per year over the next five years, which enables it to optimize its inventory and prevent excess supply from flooding the spot market. Cameco also signed a huge $2.6 billion long-term agreement with India's Department of Atomic Energy to supply 22 million pounds of uranium ore concentrate through 2035.

Today's Change

(

2.12

%) $

2.10

Current Price

$

101.07

While Cameco is a major player in the uranium mining space, it also offers investors upside from the nuclear energy infrastructure build-out through its 49% stake in Westinghouse Electric. Westinghouse is a behemoth in the nuclear energy technology industry, and nearly half of the operating nuclear power plants rely on its technology. In November 2023, a consortium comprising Cameco and Brookfield Renewable Partners acquired Westinghouse for $7.9 billion.

Last year, Westinghouse, Cameco, and Brookfield entered into a partnership with the U.S. Department of Commerce to accelerate the build-out of Westinghouse reactors across the United States. The deal, valued at around $80 billion, would see Westinghouse build as many as 20 of its large-scale AP1000 reactors across the country. On top of that, Westinghouse is developing the AP300 small modular reactor (SMR) and hopes to deploy it in the early 2030s.

Cameco stock has run up significantly over the past few years as investors have grown more bullish about the budding nuclear energy industry. More recently, the stock has pulled back 22% from its 52-week high. Given the long-term tailwinds from growing demand for nuclear energy, I think the dip is an excellent opportunity for long-term investors to scoop up the stock.

BWX Technologies' monopoly provides the ultimate economic moat BWX Technologies is a picks-and-shovels stock in the nuclear industry. It doesn't mine or own power plants, but it does provide the specialized equipment and fuel needed for nuclear energy and nuclear medicine. The company has built up expertise and manufactures the complex, high-precision equipment used in nuclear reactors.

Today's Change

(

0.04

%) $

0.07

Current Price

$

194.75

The company manufactures components for nuclear reactors, including steam generators, reactor pressure vessels, and piping. It also manufactures components for next-generation SMRs, including those for the BWRX-300 SMR by GE Vernova and Hitachi, as well as advanced reactors for the U.S. military. It also leverages its nuclear infrastructure to manufacture medical isotopes used in cancer diagnostics and targeted therapies.

What makes BWX compelling for investors is its virtual monopoly on supplying fuel to the U.S. Navy. For over 70 years, BWX has been the exclusive provider of nuclear reactors that power the Navy's fleet of aircraft carriers and submarines, including the Virginia-class and Columbia-class subs. Because these military-grade reactor cores are highly complex and sensitive, it's difficult for competitors to break into this space, giving BWX a government-backed monopoly with a multibillion-dollar backlog.

BWX Technologies is in a strong position as a defense contractor crucial for national security, while also offering you an opportunity to invest in the AI revolution and nuclear energy build-out. For investors looking to capitalize on the nuclear energy revolution, BWX is another compelling stock to buy and hold for the long haul.

Key Takeaways BWXT backlog totaled about $8.65B as of March 31, 2026, spanning Government and Commercial Operations.BWXT expects nearly 60% of remaining performance obligations to convert to revenues by end of 2027.BWXT Q1 2026 revenues rose in both segments, led by nuclear services, fuel programs and uranium processing. BWX Technologies, Inc. (BWXT - Free Report) continues strengthening its long-term revenue visibility through a large and diversified backlog supported by naval nuclear propulsion, uranium processing, advanced reactor programs and commercial nuclear operations. As of March 31, 2026, the company’s backlog totaled approximately $8.65 billion, reflecting healthy demand across both its Government and Commercial Operations businesses.

The company expects nearly 60% of its remaining performance obligations to convert into revenues associated with backlog by the end of 2027, with the rest scheduled for later periods. This visibility helps support manufacturing activity, capital deployment and long-term operational planning while reducing near-term business uncertainty.

BWXT continues benefiting from stable demand tied to U.S. naval nuclear propulsion and government-related nuclear programs. During first-quarter 2026, Government Operations revenues rose to $577.9 million from $555.3 million in the year-ago quarter, and growth was supported by nuclear components and fuel programs, uranium processing activities and nuclear services.

The Commercial Operations business is also contributing to backlog support and future revenue generation. First-quarter 2026 Commercial Operations revenues climbed sharply to $283.6 million from $128.3 million in the prior-year quarter, aided by growth in nuclear manufacturing as well as nuclear services and engineering.

BWXT is also expanding its long-term growth pipeline through acquisitions and investments tied to nuclear services and advanced manufacturing capabilities. These efforts continue strengthening the company’s position across defense, energy and nuclear technology markets while supporting future backlog growth.

Companies Supporting Strong BacklogsHealthy demand for defense modernization, nuclear infrastructure and naval programs continues supporting strong backlog visibility across the industry. Companies like Huntington Ingalls Industries, Inc. (HII - Free Report) and Curtiss-Wright Corporation (CW - Free Report) are also benefiting from long-term program demand.

Huntington Ingalls reported total backlog of $54 billion as of March 31, 2026, supported by aircraft carriers, submarines, amphibious assault ships and mission technologies programs.

Curtiss-Wright reported a backlog of nearly $4.3 billion as of March 31, 2026, driven by demand across defense electronics, naval nuclear propulsion and commercial aerospace markets.

Earnings Estimates for BWXT StockThe Zacks Consensus Estimate for 2026 and 2027 earnings per share suggests year-over-year growth of 16.96% and 10.98%, respectively.

Image Source: Zacks Investment Research

BWXT Stock Trading at a DiscountBWX Technologies is trading at a discount relative to the industry, with a forward 12-month price-to-sales of 4.76X compared with the industry average of 12.27X.

Image Source: Zacks Investment Research

BWXT Stock Price PerformanceOver the past year, BWXT shares have surged 69.5% compared with the industry’s 26.3% growth.

Image Source: Zacks Investment Research

BWXT’s Zacks RankBWX Technologies currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Key Takeaways BWX Technologies supports reactor infrastructure and advanced nuclear technology manufacturing activities.BWXT secured a contract exceeding $1.4 billion tied to U.S. Naval Nuclear Propulsion Program work.UEC is advancing uranium resource projects and production readiness amid rising nuclear energy demand. BWX Technologies, Inc. (BWXT - Free Report) and Uranium Energy Corp. (UEC - Free Report) are benefiting from expanding activity across the nuclear energy market, driven by a rising focus on energy reliability, nuclear fuel security and long-term low-carbon power generation. As governments and energy providers continue strengthening nuclear infrastructure and fuel supply capabilities, both companies are expanding their presence across different parts of the nuclear value chain while supporting future reactor operations and energy system development.

The nuclear industry continues to gain traction through investments in reactor expansion, uranium supply development and next-generation nuclear technologies. Growing electricity demand and increasing interest in dependable low-emission power sources are encouraging broader adoption of nuclear energy solutions. Efforts to strengthen domestic fuel supply chains and expand nuclear infrastructure are creating long-term growth opportunities for companies involved in reactor technologies, uranium production and nuclear resource development.

Let’s compare the stocks’ fundamentals to determine which one is the better investment option at present.

The Case for BWXT StockBWX Technologies operates across nuclear technologies, reactor systems and precision manufacturing solutions supporting government and commercial nuclear activities. The company develops nuclear reactors, fuel-related systems and specialized components used in nuclear operations and advanced technology programs. BWXT also continues aiding nuclear infrastructure programs tied to long-term reactor and energy system requirements.

BWXT continues to benefit from sustained demand for nuclear propulsion and reactor-related programs. In May 2026, the company secured contracts valued at more than $1.4 billion supporting the U.S. Naval Nuclear Propulsion Program. The awards include long-lead material procurement, reactor system components and manufacturing work tied to nuclear-powered naval platforms, strengthening BWXT’s position in a critical segment of the nuclear industry.

The Case for UEC StockUranium Energy operates across uranium mining, processing and resource development activities, boosting future nuclear fuel requirements. The company owns uranium projects and processing infrastructure designed to support future production expansion and long-term uranium supply needs. Its operations remain aligned with increasing demand for uranium resources tied to expanding nuclear generation activities.

UEC continues advancing development projects, expanding processing capabilities and increasing operational readiness across its uranium platform. The company is focused on strengthening production capacity, advancing resource development initiatives and expanding its uranium asset base to support future nuclear fuel demand. Its continued emphasis on uranium supply growth and domestic production capabilities positions the company to benefit from increasing interest in nuclear power generation and fuel security initiatives.

How Does the Zacks Consensus Estimate Compare for BWXT & UEC?The Zacks Consensus Estimate for BWX Technologies’ 2026 earnings per share (EPS) indicates a rise of 1.96% in the past 60 days.

Image Source: Zacks Investment Research

The consensus estimate for Uranium Energy’s fiscal 2026 EPS calls for a decline of 20% in the past 60 days.

Image Source: Zacks Investment Research

Debt Position of BWXT & UECDebt position is an important financial indicator that reflects a company’s financial stability and ability to manage debt obligations efficiently. Currently, BWXT’s debt-to-capital stands at 61.18%, while UEC maintains a debt-free capital structure.

BWXT & UEC: Stock Price PerformanceOver the past three months, shares of BWXT and UEC have fallen 7.9% and 13.3%, respectively.

Image Source: Zacks Investment Research

Valuation for BWXT & UECBWXT shares are trading at a forward 12-month Price/Sales (P/S F12M) multiple of 4.64 compared with UEC’s P/S F12M of 78.36.

Image Source: Zacks Investment Research

ConclusionBoth companies operate across the expanding nuclear energy and fuel infrastructure market. BWX Technologies focuses on nuclear reactor systems, fuel-related technologies and specialized manufacturing solutions supporting nuclear operations and long-term reactor programs. Uranium Energy centers on uranium mining, processing and resource development activities designed to support future nuclear fuel demand and supply-chain expansion.

Our choice at the moment is BWX Technologies due to its stronger earnings estimate trends, more attractive valuation and relatively better stock price performance compared to Uranium Energy.

BWX Technologies and Uranium Energy each carry a Zacks Rank #3 (Hold) at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.