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The New Jersey-based company said the move was because of “market conditions.” The market is shaky because the nuclear euphoria of the pas two years has worn off.
Westinghouse Electric says it plans to start construction on 10 new reactors in the U.S. by 2030. Its IPO could be a blockbuster.
BWX Technologies (NYSE:BWXT) has agreed to acquire Precision Components Group to expand its U.S. commercial nuclear production capacity. The deal is aimed at strengthening BWXT's position as domestic demand for nuclear energy increases. The acquisition is intended to deepen BWXT's reach beyond its core government focused operations. BWX Technologies, traded on the NYSE under the ticker BWXT, is moving further into the U.S. commercial nuclear market with this planned acquisition. The stock...
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