12 Best Nuclear Power Stocks to Buy Now

7. BWX Technologies, Inc. (NYSE:BWXT)

Number of Hedge Fund Holders: 55

BWX Technologies, Inc. (NYSE:BWXT) is a leading supplier of nuclear components and fuel to the US government, including the manufacturing of nuclear reactor components for US Navy submarines and aircraft carriers and other nuclear and non-nuclear R&D and component production. The company boasts 15 major operating sites in the US, UK, and Canada.

BWX Technologies, Inc. (NYSE:BWXT) had a strong Q4 2024 as it reported a revenue of $746.3 million, growing 2.9% YoY and topping expectations by $23.55 million. The company’s adjusted EPS of $0.92 was also above analysts’ estimates by $0.1. BWXT ended the year with a backlog of $4.8 billion, up 21% YoY from large contract awards in both of our operating segments. The firm posted a full-year operating cash flow of $408.4 million in 2024, leading to a free cash flow of $254.8 million, up 20% YoY. As a result, the company raised its quarterly dividend by 4.2% per share last month.

BWX Technologies, Inc. (NYSE:BWXT) has outlined a $3 billion revenue target for 2025, with anticipation of $265 million to $285 million of free cash flow. Just last month, the company was awarded a $2.1 billion contract by the US Navy for the procurement of nuclear reactor components for the Naval Nuclear Propulsion Program.

BWX Technologies, Inc. (NYSE:BWXT) was also included in our list of the 11 Best American Defense Stocks to Buy Now.