Stock Track | BWXT Soars Pre-Market on New Government Contract, But Valuation Concerns Remain

Stock Track

Oct 17, 2024

BWX Technologies Inc (BWXT) experienced a pre-market surge of 5.11% on October 17, 2024, following the announcement of a new 10-year contract award from the U.S. Department of Energy for HALEU deconversion services.

While the new contract further solidifies BWXT's strong relationship with the U.S. government and its position as a leading supplier of nuclear components and services, analysts caution that the revenue impact from this specific contract is expected to be minimal. The total contract value of up to $800 million will be shared among six companies, with BWXT's minimum share being $2 million.

Despite the positive news, concerns have been raised about BWXT's current valuation, with a P/E ratio of around 41, which some analysts consider high for a mature business. The stock price has surged more than 50% over the past year, potentially outpacing the company's fundamentals and growth prospects.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers HK | Online Trading in stocks, bonds & ETFS","description":"Discover Tiger Brokers HK, an online trading platform for stocks&ETFs, options&futures, bonds and crypto. Open an account to enjoy low commission trading today!","keywords":"tiger trading,tiger security,tiger broker hk,tigers co ltd,tiger trade hk,tiger brokers hk,stock broker,securities broker,online brokerage,hong kong broker,hk broker,online stock trading,online trading platform,stock trading platforms,trading application,stock trading,stock trading hong kong,buying stocks in hong kong,tiger brokers","social":{"ogDescription":"Discover Tiger Brokers HK, an online trading platform for stocks&ETFs, options&futures, bonds and crypto. Open an account to enjoy low commission trading today!","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/news/1124394290"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"HKG","license":"TBHK","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"1124394290\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/1124394290?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-10-17 18:52","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1124394290","market":"us","top_or_hot":-1,"title":"Stock Track | BWXT Soars Pre-Market on New Government Contract, But Valuation Concerns Remain","media":"Stock Track","content":"<p>BWX Technologies Inc (BWXT) experienced a pre-market surge of 5.11% on October 17, 2024, following the announcement of a new 10-year contract award from the U.S. Department of Energy for HALEU deconversion services.</p>\n\n<p>While the new contract further solidifies BWXT's strong relationship with the U.S. government and its position as a leading supplier of nuclear components and services, analysts caution that the revenue impact from this specific contract is expected to be minimal. The total contract value of up to $800 million will be shared among six companies, with BWXT's minimum share being $2 million.</p>\n\n<p>Despite the positive news, concerns have been raised about BWXT's current valuation, with a P/E ratio of around 41, which some analysts consider high for a mature business. The stock price has surged more than 50% over the past year, potentially outpacing the company's fundamentals and growth prospects.</p>","source":"ai_movement_en","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Stock Track | BWXT Soars Pre-Market on New Government Contract, But Valuation Concerns Remain</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nStock Track | BWXT Soars Pre-Market on New Government Contract, But Valuation Concerns Remain\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1086803395\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Stock Track </p>\n<p class=\"h-time\">2024-10-17 18:52</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>BWX Technologies Inc (BWXT) experienced a pre-market surge of 5.11% on October 17, 2024, following the announcement of a new 10-year contract award from the U.S. Department of Energy for HALEU deconversion services.</p>\n\n<p>While the new contract further solidifies BWXT's strong relationship with the U.S. government and its position as a leading supplier of nuclear components and services, analysts caution that the revenue impact from this specific contract is expected to be minimal. The total contract value of up to $800 million will be shared among six companies, with BWXT's minimum share being $2 million.</p>\n\n<p>Despite the positive news, concerns have been raised about BWXT's current valuation, with a P/E ratio of around 41, which some analysts consider high for a mature business. The stock price has surged more than 50% over the past year, potentially outpacing the company's fundamentals and growth prospects.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BWXT","symbol_name":"BWX Technologies Inc","start_time":0,"source_url":"","article_id":"1124394290","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1124394290","pubTimestamp":1729162342,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"BWX Technologies Inc  experienced a pre-market surge of 5.11% on October 17, 2024, following the announcement of a new 10-year contract award from the U.S. Department of Energy for HALEU deconversion services.While the new contract further solidifies BWXT's strong relationship with the U.S. government and its position as a leading supplier of nuclear components and services, analysts caution that the revenue impact from this specific contract is expected to be minimal. The total contract value o","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BWXT":"BWX Technologies Inc"},"translate_title":"股票赛道BWXT因新政府合同盘前飙升，但估值担忧依然存在","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BWXT":1},"content_text":"BWX Technologies Inc (BWXT) experienced a pre-market surge of 5.11% on October 17, 2024, following the announcement of a new 10-year contract award from the U.S. Department of Energy for HALEU deconversion services.\nWhile the new contract further solidifies BWXT's strong relationship with the U.S. government and its position as a leading supplier of nuclear components and services, analysts caution that the revenue impact from this specific contract is expected to be minimal. The total contract value of up to $800 million will be shared among six companies, with BWXT's minimum share being $2 million.\nDespite the positive news, concerns have been raised about BWXT's current valuation, with a P/E ratio of around 41, which some analysts consider high for a mature business. The stock price has surged more than 50% over the past year, potentially outpacing the company's fundamentals and growth prospects.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"movement","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}