BWX Technologies secured a $1.5 billion contract to support the U.S. government's goal of increasing domestic uranium enrichment, fueling a rally in uranium-related stocks amid broader efforts by the Trump administration to boost U.S. nuclear capabilities and reduce reliance on imports.
Nuclear stocks, led by BWX Technologies, surged after strong Q2 earnings and optimistic guidance, amid reports of plans to build a nuclear reactor on the moon supported by the Trump administration's renewed focus on nuclear energy.
President Trump's recent executive orders supporting nuclear energy have led to upgrades in nuclear stocks like Oklo, Centrus Energy, and BWX Technologies, with analysts viewing these moves as a significant shift in U.S. energy policy that could boost domestic nuclear power development and uranium supply chains.