BWX Technologies leads in small modular reactor technology amid nuclear energy demand
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 14 2026
0mins
Should l Buy BWXT?
Source: NASDAQ.COM
BWX Technologies Inc. saw its stock price decline by 5.01% as it crossed below the 5-day SMA, reflecting broader market weakness with the Nasdaq-100 down 1.82% and the S&P 500 down 1.64%.
The company is a leader in small modular reactor (SMR) technology, reporting $3.19 billion in revenue last year, an 18% increase, with a net margin of 10.3%. This growth is driven by the rising global demand for nuclear energy, as countries invest heavily in expanding their nuclear reactor fleets to enhance energy security and reduce reliance on fossil fuels. Despite the stock's decline, BWX Technologies remains well-positioned in the nuclear sector, showcasing its technological advancements and strong financial performance.
The implications of BWX's leadership in SMR technology suggest that it could benefit from the ongoing nuclear energy renaissance, attracting investor interest despite current market conditions.
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Analyst Views on BWXT
Wall Street analysts forecast BWXT stock price to rise
7 Analyst Rating
5 Buy
2 Hold
0 Sell
Moderate Buy
Current: 191.590
Low
195.00
Averages
216.00
High
230.00
Current: 191.590
Low
195.00
Averages
216.00
High
230.00
About BWXT
BWX Technologies, Inc. is a specialty manufacturer of nuclear components, a developer of nuclear technologies and a service provider. The Company also provides special nuclear materials processing, environmental site restoration services, products, and services. Its Government Operations segment manufactures naval nuclear reactors, including related nuclear fuel, for the United States Naval Nuclear Propulsion Program for use in submarines and aircraft carriers. It also fabricates fuel-bearing precision components that range in weight from a few grams to hundreds of tons, manufactures electromechanical equipment, and performs design, manufacturing, inspection, assembly, and testing activities. The Company is also a provider of advanced specialty materials, fabrication, and high-strength alloy manufacturing. Its Commercial Operations segment designs and manufactures commercial nuclear steam generators, heat exchangers, pressure vessels, reactor components, and other auxiliary equipment.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Geopolitical Tensions: He specifically highlighted rising geopolitical tensions involving Iran and North Korea, suggesting that the potential presence of nuclear weapons in these regions considerably complicates the situation and could lead to catastrophic outcomes.
- Pessimistic Outlook: Buffett expressed a belief that within the next 100 years, something will occur that could lead to the use of nuclear weapons, emphasizing that the current state of nuclear arsenals cannot be ignored, reflecting his deep concerns about proliferation.
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- Project Partnership: NuScale has partnered with the Tennessee Valley Authority (TVA) to deploy 6 gigawatts of SMR across seven states, backed by a $400 million grant, with commercial operations targeted for early next decade, significantly enhancing the company's market position and revenue potential.
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See More
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- Nuclear Proliferation Warning: Buffett stated on CNBC's 'Squawk Box' that the prospect of Iran acquiring nuclear weapons significantly heightens the risk of global conflict, especially as nine countries now possess nuclear capabilities, fundamentally altering the global risk landscape.
- Geopolitical Tensions: He specifically highlighted rising geopolitical tensions involving Iran and North Korea, suggesting that the potential presence of nuclear weapons in these regions considerably complicates the situation and could lead to catastrophic outcomes.
- Pessimistic Outlook: Buffett expressed a belief that within the next 100 years, something will occur that could lead to the use of nuclear weapons, emphasizing that the current state of nuclear arsenals cannot be ignored, reflecting his deep concerns about proliferation.
- Challenges for Leaders: When asked what advice he would give to a U.S. president regarding enriched uranium, Buffett adopted a fatalistic tone, suggesting that the existence of nuclear weapons will complicate future decision-making processes significantly.
See More
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- Regulatory Approval: NuScale's small modular reactor (SMR) has received approval from the U.S. Nuclear Regulatory Commission (NRC), making it the only approved SMR, which marks a significant milestone for the company and could pave the way for future commercialization.
- Project Partnership: NuScale has partnered with the Tennessee Valley Authority (TVA) to deploy 6 gigawatts of SMR across seven states, backed by a $400 million grant, with commercial operations targeted for early next decade, significantly enhancing the company's market position and revenue potential.
- Revenue Volatility: While NuScale expects to generate $63.1 million in revenue from its ongoing project with Romania's RoPower between Q2 2024 and Q4 2025, its revenue is dependent on project continuity and has shown a declining trend in 2025, indicating risks in revenue stability.
- Investment Risks: Although NuScale is at the forefront of SMR technology deployment, its reliance on irregular revenue streams and investor funding necessitates cautious consideration of its speculative investment potential, particularly over the next few years.
See More
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- Rise of Small Modular Reactors: Small Modular Reactors (SMRs) are gaining attention for their smaller footprint, capable of providing stable power near data centers to meet the energy demands of artificial intelligence, presenting significant market potential.
- NuScale's Leading Position: NuScale Power has been awarded a $400 million grant by the Tennessee Valley Authority (TVA) to deploy 6 gigawatts of SMR across seven states, becoming the only SMR approved by the U.S. Nuclear Regulatory Commission, with commercial operations targeted for early next decade.
- Revenue Volatility Risk: Although NuScale generated $63.1 million in revenue from its project with Romania's RoPower, its revenue has declined quarter-over-quarter in 2025, highlighting a heavy reliance on investor funding and government projects, which increases investment risk.
- Market Outlook and Investment Considerations: While NuScale is at the forefront of SMR technology, the instability of its revenue necessitates cautious investment, positioning it as a speculative play for the next few years, especially before the technology is commercialized.
See More
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- Artemis Program Relaunch: NASA is set to implement the Artemis program over the next five years, with phase one costing $10 billion and involving at least 30 robotic lunar missions, culminating in a crewed moon landing in 2028, marking a significant return to lunar exploration for the U.S.
- Private Space Station Development: NASA plans to support private companies in building commercial space stations, with a government-owned core module to be attached to the existing International Space Station, ensuring safety before allowing independent operations, thus advancing the commercialization of low Earth orbit.
- Nuclear Spacecraft Initiative: NASA aims to launch the first nuclear-powered interplanetary spacecraft, Space Reactor-1 Freedom, in 2028, equipped with a 25-kilowatt nuclear reactor to explore Mars, showcasing NASA's innovative direction in space technology.
- International Collaboration and Infrastructure: In phases two and three of the Artemis program, NASA will collaborate with international partners to build lunar infrastructure, with total costs projected to reach $20 billion, laying a solid foundation for future lunar exploration.
See More
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- Artemis Program Relaunch: NASA's new Artemis project is divided into three phases, with the first phase aiming to land two astronauts on the moon by 2028 at an estimated total cost of $20 billion, marking a significant return for the U.S. in space exploration.
- Robotic Mission Expansion: In phase one, NASA will conduct at least 30 robotic missions, utilizing Intuitive Machines' Nova-D lander for cargo delivery and equipment testing, supporting future lunar base construction and further advancing commercial space endeavors.
- International Space Station Plans: NASA will continue to support the construction of private commercial space stations, planning to attach a government-owned core module to the existing ISS to ensure safety and facilitate the formation of independent space stations, demonstrating ongoing commitment to low Earth orbit.
- Mars Exploration New Power: NASA plans to launch the first nuclear-powered interplanetary spacecraft, Space Reactor-1 Freedom, in 2028, carrying a 25-kilowatt nuclear reactor to Mars to deliver multiple drones for exploration, representing a significant advancement in space exploration technology.
See More
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- Project Advancement: Eagle Nuclear Energy Corp. has engaged SLR International Corporation as the lead permitting manager for the Aurora Uranium Project, which is the largest conventional uranium deposit in the U.S. with 32.75 million pounds indicated and 4.98 million pounds inferred, positioning the company for leadership in the domestic uranium market.
- Market Demand: The U.S. imports approximately 95% of its uranium, and with increasing reactor demand and AI-driven power infrastructure developments, spot uranium prices are nearing $90 per pound, highlighting the urgent need for domestic uranium supply.
- Technological Edge: Eagle is the first domestic uranium explorer with exclusive Small Modular Reactor technology to list on a U.S. exchange, integrating fuel supply with reactor deployment capabilities, which may secure a significant position in the future nuclear energy market.
- Industry Participation: Eagle joined the Uranium Producers of America in March 2026, and its CEO rang the Nasdaq Opening Bell on March 11, marking the successful public listing through a business combination with Spring Valley Acquisition Corp. II, further enhancing its industry influence.
See More
