The Latest Breaking News from BWX Technologies

NASA has a stunning ambition to put nuclear reactors on the Moon, and this stock is gaining big time. But, is the surge based on hype alone, or real potential?

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.

NASA and DARPA plan to launch a nuclear-powered spacecraft to Earth orbit in the next few years, to test propulsion technology that could help humanity get to Mars.

Pulled from Benzinga Pro data, BWX Technologies (NYSE:BWXT) posted Q1 earnings of $59.07 million, an increase from Q4 of 49.47%. Sales dropped to $531.00 million, a 10.3% decrease between quarters.

BWX Technologies Inc (NYSE:BWXT) price target has been raised to $65 (an upside of 25%) from $55 by BofA analyst Ronald Epstein, who expects BWXT to continue benefiting from increased defense spending and a greater emphasis on naval operations. The analyst maintained his Buy rating on BWX Technologies shares. Epstein boosted the price target, citing…

According to Benzinga Pro, during Q4, BWX Technologies (NYSE:BWXT) earned $116.91 million, a 94.33% increase from the preceding quarter. BWX Technologies also posted a total of $591.98 million in sales, a 18.7% increase since Q3.

BWX Technologies (NYSE:BWXT) reported its Q4 earnings results on Tuesday, February 22, 2022 at 04:00 PM. Here's what investors need to know about the announcement.