3 AI-Powered Nuclear Energy OEMs With More Upside Post Solid Q2 Results

Industry Overview - The AI-powered data center industry is experiencing significant growth, with nuclear energy emerging as a key solution to meet rising global electricity demand and transition to cleaner energy sources [1] - President Donald Trump has issued four executive orders to modernize the U.S. nuclear sector, aiming to increase nuclear capacity from approximately 100 GW in 2024 to 400 GW by 2050 [2] Company Performance - Mirion Technologies Inc. reported adjusted EPS of $0.11 and revenues of $222.9 million, exceeding estimates by 4.2% [6][10] - BWX Technologies Inc. achieved adjusted EPS of $1.02 and revenues of $764.04 million, surpassing estimates by 6.7% [12][10] - GE Vernova Inc. posted quarterly earnings of $1.86 per share and revenues of $9.11 billion, exceeding estimates by 3.3% [24][10] Future Outlook - Mirion Technologies expects revenue growth of 7% to 9% year-over-year in 2025, with adjusted EPS projected at $0.48 to $0.52 [7] - BWX Technologies anticipates total revenues of $3.1 billion in 2025, an increase from the previous estimate of $3 billion [12] - GE Vernova forecasts 2025 revenues to trend toward the upper end of $36–37 billion, with an adjusted EBITDA margin projected to grow to 8–9% [25] Market Demand and Trends - The demand for nuclear energy is significantly boosting the need for original equipment manufacturers (OEMs) in the sector [3] - Mirion Technologies is focusing on digital innovation in radiation safety solutions, partnering with Westinghouse Electric Company [9] - BWX Technologies is benefiting from strong bookings and government contracts, with a total backlog reaching $6 billion, up 70% year-over-year [17] Strategic Initiatives - Mirion Technologies is expanding its reach in next-generation nuclear energy by collaborating with small modular reactor developers [8] - BWX Technologies is working with the U.S. government on advanced nuclear reactor projects and has secured new contracts in the defense market [19] - GE Vernova is enhancing its nuclear power business through collaborations for the deployment of its BWX-300 small modular reactors [28][29]