Nice Read, RR to the MOON4 Nov 2024 21:21
#1. Rolls-Royce Stock
Valued at $62.7 billion by market cap, Rolls-Royce (RYCEY) is an industrial technology company with four primary business segments: Civil Aerospace, Power Systems, Defense, and New Markets. Its New Markets business develops, manufactures, and sells small modular reactors (SMRs) and new electrical power solutions.
Earlier this year, Rolls-Royce announced that CEZ Group, a Czech-based state utility, has selected it as the preferred supplier for a mini nuclear reactor program. Last month, the U.K. government also identified Rolls Royce as one of four companies for its SMR program.
The global SMR program is forecast to touch $72.4 billion by 2033 and $295 billion by 2043, indicating a compound annual growth rate of 30%. In an investor presentation, Rolls-Royce said it expects to generate an operating profit of $3.4 billion by 2027, with a margin of at least 13%. It also projects a return on capital of between 16% and 18% with free cash flow between $3.62 billion and $4 billion.
Out of the seven analysts covering RYCEY stock, six recommend “strong buy” and one recommends “strong sell.” The average target price for RYCEY is $8.60, indicating an upside potential of over 16% from current levels.
https://www.barchart.com/story/news/29299591/3-overlooked-nuclear-stocks-that-haven-t-gone-parabolic-yet