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BWX Technologies (NYSE:BWXT) Inc. has reached an all-time high, with its stock price hitting 145.47 USD. This milestone reflects a significant upward trend for the company, which has seen its stock appreciate by 47% over the past year. The company’s market capitalization now stands at $13.3 billion, with analysts setting price targets ranging from $105 to $177.60. The surge in BWXT’s stock price underscores investor confidence and the company’s strong performance in the market. This all-time high marks a pivotal moment for BWX Technologies as it continues to capitalize on growth opportunities and strengthen its position in the industry.
In other recent news, BWX Technologies, Inc. has completed the installation and testing of a chemical vapor infiltration furnace, enhancing its capability to produce advanced TRISO nuclear fuel. This development is part of the company’s Advanced Reactor Demonstration Program project with the Department of Energy. Additionally, BWXT has secured approximately $2.6 billion in contracts from the U.S. Naval Nuclear Propulsion Program. These contracts will support the manufacturing of components for Virginia and Columbia-class submarines, as well as Ford-class aircraft carriers, with deliveries scheduled over the next six to eight years.
In a strategic leadership move, BWXT has appointed Kevin McCoy as chief nuclear officer to bolster its Navy programs. McCoy brings over 40 years of experience in shipyard and nuclear industrial operations. Furthermore, BWXT will lead a joint venture to manage Canadian Nuclear Laboratories Ltd., starting in September 2025. This joint venture includes partners Kinectrics and Amentum, with Battelle as a key subcontractor.
In other industry news, BofA Securities has maintained its Buy rating for Constellation Energy (NASDAQ:CEG), following the company’s 20-year Purchased Power Agreement with Meta (NASDAQ:META). Constellation Energy plans to increase the capacity of the Clinton Clean Energy Center by 30 megawatts. The company is also exploring options to extend or renew its site permits with the Nuclear Regulatory Commission.
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