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Defence Contractor Research — BAH, LDOS, BWXT, PSN, AVAV
BAH, LDOS, BWXT, PSN, AVAV - Defence contractor research.
BREAKING: We just caught another interesting stock trade. Rep. April McClain Delaney just filed purchases of up to $130,000 of stock in BWX Technologies. BWX supplies nuclear reactors to the US Navy. Delaney sits on the House Committee on Tech. We‘ll be watching $BWXT
Tracked my buys this year. Am I setting up for underperformance?
BWXT just may be the most overlooked Ai infrastructure play with a steady stream of defense contracts and an unmatched moat.
Best nuclear energy stocks that have great future ?
Take a swing at my portfolio
NASA Testing Advances Space Nuclear Propulsion Capabilities -> BWXT
NASA Testing Advances Space Nuclear Propulsion Capabilities -> BWXT
BWXT - Actinium-255 should be classified as a US Strategic Element
BWXT - World Tensions Are Now Your Friend
🚀 Full Steam Ahead on Nuclear: BWXT and Rolls-Royce Eye $100 Billion SMR Opportunity
The deal with Uranium, iridium, plutonium, and rare earth elements (REEs)
$SMR First to market, but is that enough?
Nuclear start-up Oklo was conditionally selected to supply power to Eielson Air Force Base in Alaska, after nearly two years of delays. The Defense Logistics Agency issued a Notice of Intent to Award for Oklo’s Aurora reactor. Shares jumped 24% to $65.39 on Wednesday. The S&P 500 SPX was flat.
Something a little different, SMRs for industrialized use..Ares Acquisition Corp (X-energy) Warrants - NOT THE CLASS A SHARES
Uranium: Start of a Commodity Supercycle part Deux!
Senate Bill to ban Russian URANIUM Imports
$BWXT - Uranium Enrichment in Northern America; while RUSSIA supplies around 43% of enriched uranium to the whole world
How are you guys not following Fluor and NuScale? Possible government corruption play
Mentions
Again. BWXT already have working products out in the military and commercial space. So yea, if anything BWXT stands a better chance. Betting on hype is risk taking, betting on hype and unprofitable company like Nuscale or OKLO is even more risk taking. Just go with BWXT, you can ride some hype and still avoid crashing price drops.
They are all pulled from DoD website. [https://www.war.gov/News/Contracts/](https://www.war.gov/News/Contracts/) Full details of the contracts are: |LDOS|$10.5B|DoD IT, intelligence systems| |:-|:-|:-| |BAH|$7.5B|DoD consulting/analytics (new awards post-Treasury cancellation)| |BWXT|$5.6B|Naval nuclear propulsion ($1.4B May 7 alone)| |PSN|$1.3B|Infrastructure/engineering| |AVAV|Ongoing|Tactical UAS (Switchblade, Puma)|
Been following some of these defense names for while now and this data is pretty solid. LDOS especially caught my attention since those congressional selling patterns stopping is usually good indicator something brewing. The timing with all these contracts dropping June 8th definitely not coincidence. One thing I learned from tracking defense stocks is that mid cap ones like these tend to have more volatile moves when contracts hit compared to the big boys. Your backtesting confirms what I've seen - LMT and RTX barely move anymore on contract news since everyone expects them to win everything anyway. But these smaller players can really pop when they land something significant. PSN looks interesting even without the political buying signals - that T+90 performance in your data is pretty compelling. BWXT worries me bit though with that low hit rate on longer timeframe, might be more of quick swing play. Defense sector overall has been getting lot of tailwinds lately so timing seems right for this kind of strategy.
Been holding BWXT since November of last year. PEG is high but it's a solid company that had great earnings recently and their latest acquisition increases their exposure to thermal management. Also has nuclear medicine in their portfolio. If you like the nuclear route, check out MIR. Just start a position today, should have waited till now since it's under $16/share which I didn't think would happen. More growth oriented than anything, but they have a huge moat on safety sensors for nuclear everything pretty much.
I'm no expert, but trump et al bought tech between February and Apr if this year... just as similar corrections were taking place... many exceeded 20% downturns. It might be he will be dumping his tech and buying what's currently undergoing significant pullbacks, e.g., equities in the defense sector (RTX, NOC, and LMT... and many big name utilities like NEE, CEG, BWXT, and GEV are also down quite a bit. He may pump and dump those sectors next. They would be easy to pump, stressing how petroleum has become a political weapon and that renewable energies are the way forward, etc. He'll pump defense by pressuring allies to go shopping at Defense R' Us or suffer putin's and Xis wrath. He also pressuring US auto manufacturers to begin retooling their assembly lines to take the burden off the prime defense names, who are already backlogged for years to come. Defense will be huge under trump.
What is the grand total of those 4 BWXT transactions? 4 trades totalling 130k or the highest amongst the 4 trades was 130k?
RTX, BWXT and GEV...super cheap
BWXT and GEV are not utilities and they're not defensives. You didn't say anything about the energy space in your OP. The pros of vanilla electrical utilities is: --they are basically guaranteed ROI by regulators -- the utilities sector over the long term has one of the most rock solid upward channels you will ever see The cons are: -- They are interest-rate sensitive. They are bond proxies, so when interest rates are high, their yields become somewhat less attractive compared to bonds. That's the time to buy them. It's pretty easy to time buys based on their charts. Bottom of the channel, buy. -- I bought SO and DUK specifically because of where they operate and their cozy relationships with regulators. That is somewhat coming under increased political risk for utilities in general. Their guaranteed ROIs may start to some under more pressure. Consumer staples don't have quite as dependable a channel but they are similarly affected by interest rates. The time to buy is when interest rates have been high for a while and everybody's thrown in the towel on staples. HRL personally I wouldn't touch, look at a long term chart, people just don't want to buy their shit anymore. Same with KHC. I dumped my PEP the other day because I was sick of it doing nothing forever. If you are looking at EL, I would look at ULTA. ULTA is more volatile. It tends to run before earnings and then sell off. If you watch it for a few quarters, you may get a feel for when to buy it. I would say it's more of a trader than a buy-and-hold. ULTA doesn't pay a div. I just put ULTA and EL on a 5 year chart and EL is horrible. Minus 73%. ULTA is only plus 34%. I think that's COVID after-effects of more people working at home. But I'd just avoid that space entirely.
Nice! I've been out of nuclear-related names for a while. I used to own AMTM, CEG, BWXT, and UUUU. Perhaps it's time to take another look!
I looked at these and DUK looks pretty appealing, though I think BWXT and GEV might be better plays than these more defensive energy stocks. I'm kinda new to the "defensive energy and consumer staples" space, so tell me if im totally off base. There is also the argument that utilities are a bit inflated right now as a result of AI growth and demand. Which is one reason HRL/EL looked appealing to me in the first place.
I have $200k in an IRA with no debt at 32 allocated as follows: 80% VT (Core) 17% ASML (Satellite) 3% cash (Powder) If ASML goes over 2100 I take profit and buy VT. If ASML goes to 1500 for cyclical reasons like capex cooldown I sell VT and buy more ASML. If ASML goes to 1500 for structural reasons like China export bans or quantum competition, I sell all and VT and chill until I find a new monopoly satellite. Alternatives I considered to ASML for my satellite: - LEU/BWXT combo (nuke ren picks and shovels with monopolistic upside, but nuke ren is more speculative than continued ai capex… if i was looking to retire at 60 instead of 40 i’d own more LEU). - ASTS (seems like a clearly better product than global star and starlink, although the fundamentals are a mixed bag) - AMAT/LAM (basically the same chip-chokepoint-play as ASML except at a discount because the moat is not as crazy… all three rely on the same 3 buyers (TSMC, Intel, Samsung) who in turn rely on the Megacap capex. I see AMAT/LAM as cheaper riskier little cousins of ASML) Long story short, 80% VT and chill, 0-20% satellite based on conviction (can be literally anything other than VT, doesn’t have to be a stock, it could be the DJIA or the S&P. Just something to test against VT. Whatever you have conviction on. It doesn’t have to be semiconductor wafer fab equipment or small reactor fuel in 2040. It could be Nike ACG driving hype and returning Nike to prominence. At one point my biggest stock holding was the Uniqlo parent company because I really liked Uniqlo. Almost every stock is priced perfectly. Hence the 80% VT. Remember, investing 100% of your portfolio into something like VT is still not “boring.” It’s boring compared to QQQ or individual stocks. But VT is still roulette compared to bonds and mutual funds.
BWXT’s TRISO nuclear fuel has successfully powered Antares Nuclear Inc.’s "Mark-0" microreactor to initial criticality at the Idaho National Laboratory (INL). This makes Antares the first private company to bring an advanced, non-light water reactor to criticality under the Department of Energy's (DOE) Reactor Pilot Program. U.S. Energy Secretary Chris Wright noted this is the first time an American, privately developed non-light water reactor has achieved criticality in more than four decades. BWXT delivered on two major fronts to make this happen: Fuel Manufacturing: They manufactured the TRISO (tri-structural isotropic) fuel compacts that physically power the reactor. Material Processing: They successfully processed the high-assay low-enriched uranium (HALEU) feedstock used to make the fuel, down-blending it from scrap materials provided by the National Nuclear Security Administration (NNSA). [Link](https://investors.bwxt.com/news-releases/news-release-details/bwxt-manufactures-triso-fuel-enabling-first-new-reactor)
I like nuclear power for AI, but I like the aerospace contribution, as well— BWXT Gonna keep adding below 190 https://preview.redd.it/e2c8a3fd2z4h1.jpeg?width=1320&format=pjpg&auto=webp&s=b79f725aa2a17e937efb1383feaf8e3e88ed333e
LEU — monopolistic upside (only western licensed HALEU enricher) if AI supercycle drives energy demand to nuk ren. BWXT & GEV — if LEU is the fuel of next gen tech’s electricity demand, BWXT & GEV are building the engine (the reactors and grid). If Oklo and the other SMR designers are panning for gold, LEU, BWXT, and GEV are selling the shovels.
Getting more into stocks, put a conservative 50 towards BWXT. I think the impending oil shortage is going to keep driving value towards alternative energy such as nuclear. They also supply the USN, so there stability looks pretty good. Any thoughts?
Will BWXT handle those enriched uranium when it gets handed over?
LEU and BWXT are my biggest holdings being absolutely slept on.
LEU seems to be a good potential choice for small modular reactors because they repurpose spent nuclear fuel. BWXT because they're one of the few manufacturers licensed to supply parts for small modular reactors and already make money from selling reactors to the US Navy. Maybe OKLO (META pre-purchasing power) them and XE (Amazon owns 25%). Thinking even further ahead, I wonder if we should be investing in chip startups that aim to use significantly less power than the current generation. Evidently 90% of the power AI chips use is wasted on transferring bits in and out of memory. I've got to wonder if chips will evolve to need significantly less power, making the "Nuclear AI" thesis fall apart over time.
Fair enough. I'll look into BWXT. Again, I'm a complete amateur when it comes to these things. Thank you for your insight!
They had approval and overran so hard to project was cancelled. Check out BWXT they run profitable nuclear for gov contracts. They have an SMR devision, when these are ready to be produced they will do it profitably or not at all. Right idea but look at the company execution, cuz at the end of the day that’s what matters. They could have a miraculous turn around leveraging prior r&d with tighter execution, but wouldn’t you want them to prove it first. All nuclear is trading for a premium PE right now. Might as well pick one that has a way to survive or some cash flow
Calls on LMT and BWXT
[BWXT Announces $1.4 Billion in Contracts for Naval Nuclear Propulsion Program](https://investors.bwxt.com/news-releases/news-release-details/bwxt-announces-14-billion-contracts-naval-nuclear-propulsion) BWX Technologies, Inc. (BWXT) has been awarded over $1.4 billion in contracts from the U.S. Naval Nuclear Propulsion Program. A major portion of this award, totaling $1.285 billion, is for long-lead material procurement and marks the first of five potential annual task orders scheduled through 2030. A secondary $165 million contract covers the manufacturing of reactor system components specifically for Ford-class aircraft carriers. Production for these contracts will be carried out at BWXT's specialized facilities in Barberton, Ohio, and Mount Vernon, Indiana. The company also recently completed the shipment of four steam generators for the USS Doris Miller under a separate, prior agreement.
I should have held DRS lol. Concentrated on BWXT didn't want to double dip with navel tailwinds.
BWX Technologies (NYSE: BWXT) reported Q1 2026 results today: net sales $860.2M (+26% YoY) and non-GAAP net income ~$102.5M ($1.12/share), crushing the analyst consensus of $0.92. GAAP net income was $91.2M ($0.99/share). Adjusted EBITDA was $148.0M (17.2% of sales). Operating cash flow improved significantly, supporting a record backlog of $7.3B+. Commercial Operations revenue surged 121% YoY to $283.6M, driven by the nuclear renaissance and medical isotope expansion. FY 2026 guidance raised: net sales $3.75B+, non-GAAP EPS $4.60–$4.75. Commercial Nuclear Explosion: The segment’s 121% revenue jump was fueled by a demand for commercial components and the integration of the Kinectrics acquisition. Medical Isotopes: BWXT Medical continues to scale, with increasing volume in the technetium-99m (Tc-99m) product line. This high-margin, non-defense business is becoming a core pillar of the picks and shovels thesis for nuclear medicine. Strategic PCG Acquisition: The recent acquisition of Precision Components Group (PCG) was highlighted as a critical move to bolster U.S.-based manufacturing capacity. This acquisition allows BWXT to capture the accelerating domestic demand for Small Modular Reactors (SMRs) and advanced nuclear infrastructure. “Our performance this quarter reflects the unique position we hold at the intersection of national security and the global nuclear renaissance,” said Rex Geveden, President and CEO. “With the acquisition of PCG, we are significantly expanding our industrial scale to meet the surge in commercial nuclear demand while our medical isotopes business continues its trajectory toward becoming a major recurring revenue stream. We are entering the remainder of 2026 with record backlog and high confidence, leading us to raise our full-year outlook.”
My guess for next week ER Not actual plays PLTR, SMCI, ANET, ARM, BWXT ⬆️ AMD, ALAB, ON down This is coming from guy who lost 5k in shorting semis past weeks So do what you do
Interesting. With that being said, what do you think about GEV and BWXT for a nuclear play (with the SMRs which look to be the future… although maybe not until a decade from now)?
[BWXT Bolsters American Nuclear Manufacturing Capability With Strategic Acquisition](https://investors.bwxt.com/news-releases/news-release-details/bwxt-bolsters-american-nuclear-manufacturing-capability) BWX Technologies acquired Precision Components Group (PCG). This strategic move increases and expands their supply chain for U.S. Navy nuclear submarines and ships by bringing the manufacturing of critical components in-house. Overall, it deepens their moat in the defense sector and is expected to immediately add about $125 million in annual revenue.
Kinda just a mix of both and suppliers. Basically I’m split on the following evenly and doing some options on top - BWXT, UUUU, CCJ, NNE, UEC
Why did I only buy 2 shares of BWXT!?!?!!?
ngl CCJ feels kinda crowded already, every “nuclear is back” trade seems to funnel there first. LEU/BWXT make sense but they’re gonna be lumpy with policy headlines and contracts. I’m bullish long term but I think rollout stays slow and bureaucratic, not some sudden nuclear everywhere moment.
Same here. Long BWXT. Financials are solid. They provide fuel to the Navy. Huge government contracts. SMRs and just released news about enrichment. Plus exposure to nuclear medicine and space exposure as well.
Not sure if by Don you mean the Department of the Navy or the president, but either way, it's a massive indicator of the push to onshore critical infrastructure. BWXT is positioning to bring nuclear enrichment domestically instead of relying on aging European site. They are wanting to make themselves as an indispensable B2B bottleneck on top of providing fuel to the Navy. This also plays perfectly into their growing nuclear medicine division, while their SMR pipeline positions them as an alternative energy source for the upcoming utility grid and data center build-outs.
[BWXT notifies NRC of plan to seek uranium enrichment license](https://investors.bwxt.com/news-releases/news-release-details/bwxt-begins-nrc-engagement-licensing-new-defense-nuclear-fuel) BWX Technologies, $BWXT, plans to apply for a Nuclear Regulatory Commission license in Q1 2027 to build a new uranium enrichment facility in Tennessee. The plant, slated to be operational around 2035, supports a $1.5 billion federal contract aimed at restoring the U.S. domestic supply of highly enriched uranium for naval propulsion and national defense.
BWXT critical company in nuclear sector. ETN makes many critical parts for data centers.
#TLDR --- **Ticker:** BWXT **Direction:** Up 🚀 **Prognosis:** Stack Shares & Buy Jan 2027 $200 Calls **Moat Level:** Untouchable (Uncle Sam's exclusive radioactive sugar baby ☢️) **Backup Plan:** If the AI boom turns out to be a dud, the U.S. military is still legally bound to pay them billions for the next 8 years anyway.
No it's not real. The new contract was awarded to a combination of an environmental consulting company in baton rouge and BWXT a major player in the gov space who manages many DOE sites. And when these changes happen they keep on 99 percent of the old work force. It's literally just like 5-6 of upper management that swap out.
I went a bit too regarded on BWXT thinking that nuclear submarines would be more involved in this conflict
No clue. I decided buy ETF only going forward, but could not help myself yesterday so increased AMD, ETN and entered BWXT and ADI. These are not outside of my ETF focus, but rather overweighting these companies in them. I did Netflix too just for fun as taught what ever happens, it will raise when decision clear.
For big caps: AMZN, META neocloude : NBIS Energy : BWXT and ENS , although I sold mine some of the SAAS like CRM, and CSU i like some of the building material and construction companies but i feel like i missed the boat
Dumped BWXT weeks ago... and it's barely dipping today. WHERE'S MY DISCOUNT.
Every single person is sleeping on BWXT
as a company,BWXT if data centers are a thing, which one gives better returns no one can answer that.
BWXT submarine tech for the win
I own BWXT and will for the long term You can also just buy uranium
BWXT - they are the only US based uranium enrichment facility. They already create nuclear fuel for the US military. Specifically their new TRISO fuel can be used in SMR for utilities. The barriers to enter for uranium enrichment and fuel creation are too expensive and complicated for others to just jump in. Plus if a US company already creates nuclear fuel for the military, adding a utility division seems likely
ETN is better than GEV right now, but it's also wildly up. My CB for BWXT is also pretty high but I'm not that concerned. If we saw a massive pullback I'd buy more with zero sleep lost. No matter how things move forward, more power is essential for everything.
Will my BWXT 240c break even I though it would move much higher
Im gonna need more than 5% tomorrow BWXT, thanks.
BWXT - BWX Technologies 02/23/2026 - 04:10 PM 4Q25 diluted GAAP EPS of $1.01, diluted non-GAAP EPS(1) of $1.08 4Q25 net income of $93.7 million, adjusted EBITDA(1) of $147.5 million 2025 diluted GAAP EPS of $3.58, diluted non-GAAP EPS(1) of $4.01 2025 net income of $329.9 million, adjusted EBITDA(1) of $574.3 million 2025 operating cash flow of $479.8 million, free cash flow(1) of $295.3 million Ended 2025 with backlog of $7.3 billion, up 50% year-over-year, driven by large multi-year naval propulsion, special materials, and commercial nuclear power awards Initiates 2026 guidance for non-GAAP EPS of $4.55-$4.70, adjusted EBITDA(1) of $645 million-$660 million, and free cash flow(1) of $305 million-$320 million “We delivered a strong fourth quarter, and a record year for BWXT,” said Rex D. Geveden, president and chief executive officer. “In our tenth year as a standalone public company, 2025 was monumental for BWXT as we expanded our service and product offerings with two acquisitions and captured significant high-value awards across both Government and Commercial segments, driving 50% backlog growth.” “BWXT operates at the intersection of national security and commercial nuclear power markets, where demand for both remains exceptionally strong,” continued Geveden. “Our strategy goes beyond capturing new awards; we are strengthening our competitive position through operational excellence and targeted investments to continue to expand our industrial scale and technical capabilities enabling our ability to deliver on our customers’ most critical missions.” "In 2026, we expect to further build on the momentum of the last several years,” said Geveden. “We are initiating guidance that calls for robust growth across all key financial metrics including $4.55-$4.70 of non-GAAP EPS, $645-$660 million of adjusted EBITDA and $305-$320 million of free cash flow.”
https://finance.yahoo.com/news/bwxt-appoints-dan-jablonsky-board-120000431.html Jablonsky has held senior leadership roles in the aerospace and defense industry for more than a decade. Companies oversaw include Maxar Technologies, DigitalGlobe before they were acquired by Maxar, and Ursa Major, a provider of propulsion systems for space/defense applications. This is great news for BWXT!
Same here. Just bought RTX, CW, BWXT, KTOS. They are in an uptrend anyway because of Trump wanting to spend a cool extra 600B on the Pentagon next year.
I have been buying BWXT for a while, it just never dips 🥺
I haven't even moved into potential regulatory changes when it comes to this. However, nuclear plays I'm holding BWXT. Critical for Navy submarine fuel, huge avenue into nuclear medicine, very excited to watch them grow over the coming years and further developments in their nuclear program.
Someone tell BWXT to fucking collapse 30% already I want to load up on more I made a mistake before. :(
Rotating more into AMZN, RTX, HON, SOLS, MOH, BWXT today
BWXT went down just enough to trigger my stop, and now it's ripping. FUCK.
I'm wondering if BWXT is just getting caught up in the broad sense of it all even though it's down heavily today. Main thesis was the naval upgrades, onshoring of nuclear as a whole, and their avenue into nuclear medicine.
Buy a LOT (relative) of shares of companies whose product you personally use. Do you use AMZN regularly? What about AAPL, MCD? Dabble in CGC? How about PLBY? If none of the above then by the real winners of 2026, BE, WMT, BWXT and VXUS. You’re welcome.
I’m just paying attention because these are the big guys. I just wanted a broad sense of the sector from them from a general standpoint. LNTH and BWXT are my plays for medicine-ish.
CCO.TO BHP GEV BWXT ATI (they supply turbine parts to GEV, Rolls Royce, and the other major players) And others
I personally am not invested in defence, but it's on a tear. There are obviously the classics like RTX, LMT and NOC. To me NOC looks best value there @ 24x earnings and solid ROE. There are other defence use cases like CW (defence electronics) and BWXT (nuclear defence) that are flying, with healthy margins, although looking a bit expensive (PE 54x/63x). And all kinds of other specialists: IT, shipbuilding, ... Full list: [https://www.sharestep.co/pub?tid=ts\_ezj0mbtl](https://www.sharestep.co/pub?tid=ts_ezj0mbtl)
Effects are going to be: 1) Rearmament of Europe so they stop getting pushed around (buy EU defense stocks) and 2) CRML (controls Tanbreez mine in Greenland), UUUU (only company in North America capable of processing the materials from Tanbreez) and BWXT (small nuclear reactors that will be used in Greenland since there’s zero energy infrastructure there) printing $ mining rare earth materials
I have BWXT and CCJ with you - plus URNM, COPX and PLMN These are key to AI. If AI hits a speed bump, so will these.
What nickman23 said. BWXT is a good alternative to OKLO. I own 3; BWXT, SMR and OKLO I bought OKLO shortly after inception and shaved a huge portion on the run up. Sitting close to my initial now and she can ride from here.
GEV, UUUU, HUBB, PWR, ETN, MTZ, BWXT, CCJ. They are all part of GEV, really - but different earnings dates, and different reactions traditionally to those earnings. GEV and UUUU going to remain my core positions throughout, but I'm planning on swinging in that ecosystem.
Yah, even if nuclear was a confirmed lock, we still have a long way to go, and a lot of pressing power needs if we want to avoid a bubble. Traditional fuels are going to be in demand for a long time. People are pumped about microreactors, I hold a few, already trimmed to cover buy in a bit, but now in general I don't plan on even looking at them for years. BWXT is intriguing to me, they do reactors for submarines, long legacy relationship with top secret clearance, already jumped through all of the hoops. I could see in the interim the gov/military using similar tech for bases and space laser research or whatever the hell we are about to get into.
The Natrium plants in the Meta deal are being developed jointly by TerraPower and GE Vernova (GEV) as it’s based off the GE PRISM design. The leading advanced reactor developers are all privately held (TerraPower, Kairos Power, and X-energy). These companies are the closest to commercial deployment. Kairos Power has two construction permits from the NRC and is actively [building their plants](https://kairospower.com/internal_updates/clean-electricity-tennessee-valley/). TerraPower should receive their construction permit this year. X-energy’s construction permit application is currently under review. GE Vernova is also building their BWRX-300 in Canada and have a construction permit application in review with the NRC as well. Best litmus test right now for advanced reactor developers are licensing progress (construction permit applications require submittal of a preliminary safety analysis report that is available to the public and shows a level of maturity of reactor design) and hardware/construction progress (Kairos and TerraPower are the leaders here, with Kairos already having [operated](https://kairospower.com/internal_updates/license-to-build-progress-on-hermes-and-the-etu-series/) a non-nuclear version of their reactor). Will be interesting to see if the public companies can compete with the privately held ones. Best publicly available options are likely GEV, who are developing Natrium and their own BWRX-300, and BWXT, who are looking to be a fuel fabricator for advanced reactors and are the leaders in microreactor development.
The first reactors to put electrons on the grid will likely either be from [Kairos Power](https://kairospower.com/internal_updates/clean-electricity-tennessee-valley/) or TerraPower. No other companies are as far along as they are in construction, licensing with the NRC, and both companies have been building and testing hardware for nearly a decade now to build up manufacturing, assembly, and operational knowledge. Will be interesting to see if any of the publicly traded advanced reactor developers can compete with the privately funded ones. Best bets are likely BWXT and GE Vernova (Natrium is a joint project between GE Vernova and TerraPower).
I think that BWXT has everything it needs to act as stopgap while overall nuclear infrastructure is being built out, they are the perfect company to build microreactors for military bases and research.
BWXT and RYCEY are safe and profitable, but they’re tied to old Gen 2/3 tech and government contracts. OKLO isn’t a lottery ticket- they have DOE-backed pilot programs, real site permits, and corporate customers like Meta prepaying for power. That’s risk, yes, but with the upside of a hyper-scalable, vertically integrated reactor + fuel model that established players can’t touch.
I much prefer the risk/reward profile of established profitable names like BWXT and RYCEY over pre-revenue hyped names like OKLO and SMR which are more akin to a lottery ticket.
If I had to rank them purely on growth potential this year, I’d probably go GEV > BWXT > NBIS > CCO > APH. GEV and BWXT feel more catalyst-driven, while CCO and APH seem more tied to slower-moving macro trends.
If I had to rank purely on growth potential (not safety) I'd go NBIS > BWXT > GEV > APH > CCO NBIS/BWXT feel like higher-beta growth plays, GEV solid but more priced in, APH steady compounder, CCO lowest growth.
SMR, OKLO, LEU, or BWXT? I could see some good news come out on Wednesday after the sub-committee hearing that pops these players, but since you posted this. Who is your highest conviction play?
Add BWXT. They are the sole manufacturer of armor piercing products.
I think I heard that somewhere when looking into BWXT, like not them per say but just a one off mention. Didn't think to look more into the process itself but agreed, very interesting.
BWXT, DRS, LMB, LNTH, OSIS, PL, PLAB, PSN, Q, RMBS, and gonna buy a few more XLU leaps. Trying to focus on mid/small caps for the IIJA, Naval Upgrades, Onshoring, and Space Industry for the next few years. Fingers crossed.
TerraPower, Centrus & BWXT