While the Energy Department and the U.S. Army will be responsible for supplying uranium fuel for the Janus program, the microreactors will be owned and operated commercially. This will benefit companies like BWX Technologies (NYSE:BWXT). Eventually, small nuclear reactors may be licensed to other sectors, like power-hungry AI data centers. BWX Technologies designs, manufactures, and services nuclear components and provides nuclear solutions for a variety of sectors and uses, including naval nuclear propulsion, clean energy, environmental restoration, nuclear medicine, and space exploration, and they supply components, fuel, and services for both commercial and government-related nuclear applications.
That said, Wall Street is warning that the nuclear sector could be overheating. For instance, the market has bid up shares of Oklo, Nano Nuclear, and NuScale despite the fact that they are all development-stage companies with zero revenues. In July, Oklo unveiled a partnership with Liberty Energy (NYSE:LBRT)wherein they will develop an integrated power solution for data center applications, incorporating Oklo’s Aurora powerhouse with Liberty’s natural gas generation. The power plan will start with Liberty’s natural gas systems delivering quick energy. before shifting to Oklo’s clean nuclear generation over the long-term.
Around the same time, Oklo announced a partnershipwith Vertiv (NYSE:VRT) that will see them join forces to revolutionize data center operations. “This agreement is about delivering clean power, energy-efficient cooling, and infrastructure solutions purpose-built for AI factories, data centers, and high-density computers,” said Oklo CEO and co-founder Jacob DeWitte. Last week, Oklo revealed that it was selected for three of the U.S. Department of Energy’s reactor pilot projects, part of the DoE’s initiative to modernize and streamline nuclear licensing.
Bank of America has downgraded Centrus’ shares to Neutral from Buy but raised its price target to $285 from $210, citing valuation concerns after the huge runup. Centrus supplies low-enriched uranium (LEU) for existing reactors and is a leading developer of high-assay, low-enriched uranium (HALEU) for advanced reactors. Additionally, Centrus offers its technical and manufacturing capabilities for applications in advanced reactors, aerospace, and other sectors.
By Alex Kimani for
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