William Blair analyst Jed Dorsheimer has maintained their bullish stance on BWXT stock, giving a Buy rating yesterday.
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Jed Dorsheimer has given his Buy rating due to a combination of factors that highlight BWX Technologies’ strong position in the nuclear energy sector. The company has shown impressive performance with a beat and raise this quarter, indicating robust demand across all its business segments. This is supported by a solid foundation of government contracts and potential growth in commercial power and radiopharmaceuticals, positioning BWXT as a durable player in the industry.
Furthermore, BWXT’s valuation at a premium compared to its peers is justified by its high-visibility government business and significant opportunities in commercial nuclear power, including CANDU reactors, SMRs, and AP1000s. The company’s strategic partnerships and bids in these areas, along with the promising prospects in the radiopharma sector, underscore its growth potential. These elements collectively support Dorsheimer’s recommendation for investors to consider BWXT as a core holding.
According to TipRanks, Dorsheimer is a 5-star analyst with an average return of 29.7% and a 52.79% success rate. Dorsheimer covers the Technology sector, focusing on stocks such as Aehr Test Systems, Axcelis Technologies, and ON Semiconductor.
In another report released yesterday, Bank of America Securities also maintained a Buy rating on the stock with a $155.00 price target.