BWX Technologies (NYSE:BWXT) is riding a wave of surging demand for naval nuclear power systems and next-generation reactors, with a record $6 billion backlog and strengthened long-term growth prospects in defense, commercial energy, and space markets.
Bank of America Securities analyst Ronald J. Epstein reaffirmed a Buy rating and lifted his price forecast from $155 to $220, citing sustained demand for BWXT’s monopoly-supplied naval nuclear plants, expanding commercial opportunities in small modular reactors (SMRs), and increasing exposure to defense and space programs.
