In response to Russia’s inability to supply Europe with gas, European policymakers are revisiting the possibility of nuclear power to meet their energy needs. This summer, EU lawmakers voted to adopt nuclear energy as a clean and green energy source. In February 2022, France announced plans for up to 14 new nuclear reactors by 2050 in an effort to reduce its dependence on fossil fuels.
According to a report by Report Linker, the global nuclear electricity market to grow to $179.89 billion in 2022, from $166.13 billion in 2021, at a CAGR of 8.3%. By 2026, the global nuclear electricity market is expected to hit a valuation of $239.17 billion in 2026, registering a CAGR of 7.4%. Today we’re highlighting a provider of essential nuclear power components that’s been gaining momentum amid these developments.
The Forever Battery: Making Gas Guzzlers Obsolete
Only 2% of cars sold in the U.S. today are electric vehicles… but that’s about to change — FAST.
A new battery breakthrough is ready to hit the market. It could revolutionize the $2 trillion automotive industry … and could soon make gas guzzlers obsolete.
This technology is predicted to cause a 1,500% surge in electric vehicle sales over the next four years.
The company pioneering this new battery could be the investment of a lifetime.
Leading manufacturer and supplier of nuclear components, BWX Technologies, Inc. (BWXT) stands to benefit from nuclear power’s expansion. The company recently announced that it had been awarded a contract by the U.S. Department of Defense Strategic Capabilities Office to build the first advanced nuclear microreactor in the United States.
On August 8, BWX reported Q2 earnings per share of $0.82 and beat estimates by $0.07. The company’s revenue amounted to $554 million, up 9.7% year over year, and outperformed Wall Street expectations by $9.87 million.BWXT looks like a bargain at just 15.05 price-to-earnings. The stock has gained 7.2% so far this year and is offering a forward dividend yield of 1.71%, which the company supports with free cash flows of $64 million. The current consensus among seven analysts offering recommendations is to Buy BWXT shares. A median price target of $65 represents a 25% increase from the current level.
Where to invest $1,000 right now...
Before you consider buying BWX Technologies, you'll want to see this.
Investing legend, Keith Kohl just revealed his #1 stock for 2022...
And it's not BWX Technologies.
Jeff Bezos, Peter Thiel, and the Rockefellers are betting a colossal nine figures on this tiny company that trades publicly for $5.
Keith say’s he thinks investors will be able to turn a small $50 stake into $150,000.
Find that to be extraordinary?
But you have to act now, because a catalyst coming in a few weeks is set to take this company mainstream... And by then, it could be too late.
“Project X” – Elon’s next big move
Elon Musk is testing the key to an $809 billion market revolution, and I’m not talking about electric car batteries. Dozens of industries, worth billions and trillions of dollars, will be transformed by this technology, and they can’t do it without this ONE company’s patented device…[Full Story…]