Nuclear Stocks Rally. BWXT up 19%; NuScale Power up 11%; Oklo up 9%; Nano Nuclear up 8%
Nuclear stocks rose in Tuesday trading. BWXT up 19%; NuScale Power up 11%; Oklo up 9%; Nano Nuclear up 8%; Centrus up 4%; Energy Fuels up 2%.
BWX Technologies Inc shares surged after the nuclear solutions provider reported second quarter earnings that significantly exceeded analyst expectations, driven by strong operational performance particularly in its Government Operations segment.
The company reported second quarter adjusted earnings per share of $1.02, beating the analyst consensus of $0.79 by 29%. Revenue came in at $764 million, substantially above the consensus estimate of $708.55 million and up 12% YoY. The strong performance was led by the Government Operations segment, which saw a 9% revenue increase to $589 million, while Commercial Operations revenue jumped 24% to $176.1 million.
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