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Oct 6, 8:45 PM
BWX Technologies announced that its BANR microreactor technology was selected by Prodigy Clean Energy, Pabineau First Nation and Eel River Bar First Nations for a Transportable Nuclear Energy Plant in Belledune, New Brunswick, Canada. The planned facility would provide up to 50 MW of electricity, with commissioning targeted for the early 2030s. New Brunswick’s government has signed a Letter of Intent to purchase the plant’s power.
Adding to the positive momentum, Moody’s revised BWXT’s outlook to positive from stable, reaffirming its Ba1 corporate family rating and highlighting a credible path toward investment-grade status. Northland Securities also reiterated a Buy rating, while Truist maintained Hold and lowered its price target to
$182 following BWXT’s Investor Day.
Shares had recently traded near their 52-week low of
$131.86, potentially amplifying today’s rebound as investors reassessed the company’s commercial nuclear growth prospects.
$BWXT
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