Jan. 2 at 3:32 PM
$AP
Why
$AP (Aerofin) is the Most Undervalued "Picks and Shovels" Play for SMRs and the US Navy
The market is currently obsessing over SMR (Small Modular Reactor) designers like NuScale and Oklo. But if you look at the actual manufacturing supply chain, there is a massive valuation gap in Ampco-Pittsburgh (
$AP), specifically its subsidiary Aerofin.
Here is the thesis on why
$AP is a pure-play on the Nuclear
1. The Critical Cooling Moat (Nuclear & SMRs)
Aerofin is not just a parts supplier; they are the standard. They hold a near-monopoly (~90%) on cooling coils for the existing US nuclear fleet.
The SMR Play: SMRs require highly efficient, compact heat exchangers. Aerofin is already integrated into the designs of major players (TerraPower, etc.).
Barrier to Entry: They possess the ASME N-Stamp, a regulatory "gold standard" that takes years and millions to acquire. This isn't a business a startup can disrupt overnight.
2. The US Navy Supply Chain
$NVDA,
$GOOGL,
$TSLA
