vchal/iStock via Getty Images NEW YORK - Ananym Capital Management, an activist investment firm, said BWX Technologies ( BWXT ) could see its share price climb sharply in the years ahead if it successfully brings an older nuclear reactor design back to life to meet surging global energy demand. Speaking at the Sohn Investment Conference in New York, co-founder Alex Silver outlined the firm’s bulli...
vchal/iStock via Getty Images NEW YORK - Ananym Capital Management, an activist investment firm, said BWX Technologies ( BWXT ) could see its share price climb sharply in the years ahead if it successfully brings an older nuclear reactor design back to life to meet surging global energy demand. Speaking at the Sohn Investment Conference in New York, co-founder Alex Silver outlined the firm’s bullish case for the company, which it has held in its portfolio for several months. Central to that thesis is a small modular reactor design BWX ( BWXT ) shelved nearly a decade ago. Ananym argues that shifting market dynamics, particularly the growing appetite for reliable, low-carbon energy from data centers, could make the design commercially viable today. Based in Lynchburg, Virginia, BWX Technologies is valued at roughly $19 billion and is best known for supplying nuclear reactors to the U.S. Navy. It also manufactures key components for commercial nuclear projects and produces radioisotopes used in medical diagnostics and treatment. The company’s stock has surged nearly 93% over the past year, closing at $206.83 on Tuesday. That rally reflects a mix of rising defense budgets, increased investment in nuclear power, expanding energy needs and continued growth in nuclear medicine. Multiple avenues for upside Ananym contends that BWX has several ways to unlock additional shareholder value. Even if the company sticks to its current role as a supplier to large-scale reactors and certain small modular reactor segments, the firm estimates the stock could gain about 45%. However, the bigger opportunity may lie in developing its own pressurized water small modular reactor technology, either independently or through a partnership. With no dominant player yet established in that niche, Ananym believes BWX could capture significant market share and drive further upside in its valuation. The firm also argues that pursuing this strategy would not undermine BWX’s existing business, as de...
(RTTNews) - CRH plc (CRH), a provider of building materials, Wednesday announced that it has promoted the CFO of CRH's Americas Division Aylwyn Bryan to the role of Chief Financial Officer of CRH plc, effective May 12.
(RTTNews) - CRH plc (CRH), a provider of building materials, Wednesday announced that it has promoted the CFO of CRH's Americas Division Aylwyn Bryan to the role of Chief Financial Officer of CRH plc, effective May 12.
A new biopic has contributed to an atmosphere that casts the late singer as a profoundly damaged figure who is more victim than victimiser Don’t already get The Long Wave in your inbox? Sign up here The release of Michael has triggered what can only be described as mass hysteria in some quarters. I looked on in bewilderment as the reception to the film seemed to entirely erase child abuse allegati...
A new biopic has contributed to an atmosphere that casts the late singer as a profoundly damaged figure who is more victim than victimiser Don’t already get The Long Wave in your inbox? Sign up here The release of Michael has triggered what can only be described as mass hysteria in some quarters. I looked on in bewilderment as the reception to the film seemed to entirely erase child abuse allegations against the artist, as well as launder almost every aspect of his life beyond that. This week, I look into what seems like a new generation’s discovery of Jackson, and his rehabilitation through a strange online obsession. Continue reading...
Good Morning Traders! Today's economic calendar for Wednesday is lighter overall, but markets will still be closely watching inflation related data and Treasury activity. The key release comes at 8:30AM ET with Producer Price Index data, including headline and core PPI figures, which will provide additional insight into inflation pressures following yesterday's CPI report. Markets may react sharpl...
Good Morning Traders! Today's economic calendar for Wednesday is lighter overall, but markets will still be closely watching inflation related data and Treasury activity. The key release comes at 8:30AM ET with Producer Price Index data, including headline and core PPI figures, which will provide additional insight into inflation pressures following yesterday's CPI report. Markets may react sharply if producer inflation comes in materially above or below expectations. Additional events include c
S&P Global rates only two U.S. public companies AAA, one notch above the federal government itself. S&P downgraded the United States to AA+ in 2011, and Fitch followed in 2023, leaving Uncle Sam a step below the small club still graded at the top of the scale. That club has two members: Johnson & Johnson ... The 2 US Companies With a Better Credit Rating Than Uncle Sam Belong in Every Retirement P...
S&P Global rates only two U.S. public companies AAA, one notch above the federal government itself. S&P downgraded the United States to AA+ in 2011, and Fitch followed in 2023, leaving Uncle Sam a step below the small club still graded at the top of the scale. That club has two members: Johnson & Johnson ... The 2 US Companies With a Better Credit Rating Than Uncle Sam Belong in Every Retirement Portfolio
On CNBC's “Halftime Report Final Trades,” Jim Lebenthal, partner at Cerity Partners, said Exxon Mobil Corporation (NYSE:XOM) continues to bring money while energy prices are high. Lending support to his choice, Exxon Mobil, on May 1, reported better-than-expected results for the first quarter. Adjusted earnings were $4.9 billion, or $1.16 per share, while earnings excluding identified items and es...
On CNBC's “Halftime Report Final Trades,” Jim Lebenthal, partner at Cerity Partners, said Exxon Mobil Corporation (NYSE:XOM) continues to bring money while energy prices are high. Lending support to his choice, Exxon Mobil, on May 1, reported better-than-expected results for the first quarter. Adjusted earnings were $4.9 billion, or $1.16 per share, while earnings excluding identified items and estimated timing effects were $8.8 billion, or $2.09 per share. Jason Snipe, founder and chief investm