Mirion would benefit from nuclear executive order, says B. Riley

B. Riley analyst Yuan Zhi reiterates a Buy rating on Mirion (MIR) with a $17 price target after Axios reported the White House could issue an executive order to accelerate the development and approval of nuclear reactors. The approval of nuclear reactors can take multiple years, which increases the investment uncertainty in nuclear plants and new reactor technologies, the analyst tells investors in a research note. The firm thinks such an executive order could alleviate investor concerns about the timeline and facilitate investment into the nuclear sector. This would likely benefit product and services, such as Mirion, on new orders, contends Riley.