Core Insights - Nuclear energy is being explored as a solution to the increasing electricity demand driven by artificial intelligence and data centers [1] - By 2028, data centers are projected to consume nearly the same amount of power as a quarter of American homes, prompting companies like Microsoft and Alphabet to partner with nuclear power firms to revive decommissioned plants [2] Company Overview - BWX Technologies has a long history, having designed components for the first nuclear-powered submarine and built over 400 reactors for the U.S. Navy [4] - The company specializes in smaller naval nuclear reactors, which positions it well for developing small modular reactors (SMRs) [5] Technology and Applications - BWX is developing the BWXT Advanced Nuclear Reactor (BANR), a factory-built nuclear power plant capable of producing 75 megawatts of power [6] - The BANR has potential applications beyond data centers, including remote mines, oil and gas operations, small municipalities, and college campuses [7] Financial Performance - BWX generated $3.1 billion in revenue for 2025, an 18% increase from 2024, while competitors like Oklo reported no revenue [9] - The company's earnings per share (EPS) for 2025 rose by 20% compared to 2024, with a net profit margin of 10.31% [10] - BWX's ability to generate revenue while participating in the SMR industry makes it a safer investment compared to start-ups reliant on investor funding [9]