Political support for the nuclear energy industry is helping to drive uranium and nuclear stocks higher, as well as rising energy demand tied to AI and data centers. BWXT delivered strong earnings results and raised its guidance, helping to lift the stock. BWXT has some key government contracts, including $2.6B for US Naval nuclear propulsion components for submarines and aircraft carriers. NASA also revealed it plans to build a 100kW nuclear reactor on the moon by 2030, and BWXT might be a leading candidate to supply this. It's not cheap at 49X forward earnings, but growth, margins, cash flows, are all moving in the right direction, and it has a good investment thesis behind it. We could see some consolidation following its recent jump, but largely, we feel this name could see further upside in the long-term.
There is the HURA ETF which has $115M in AUM, an MER of 1.0%, and it currently trades at a premium to NAV of 0.31%.