BWXT could benefit from race to put a nuclear reactor on moon: BofA

BWX Technologies ' nuclear portfolio could expand from the Earth's high seas to outer space, according to Bank of America. BWXT, originally Babcock & Wilcox until a 2015 restructuring, is best known for supplying the U.S. Navy with nuclear reactors for submarines and aircraft carriers. The company also makes parts for the U.S. civilian nuclear fleet in the U.S. Business in both areas is strong, leading Bank of America to increase its stock price target for BWXT by 42%, to $220 per share from $155 previously, implying 22% upside from current levels. But BWXT has a more speculative area of opportunity — the moon. "BWXT could benefit from NASA's recently announced plans to develop lunar surface nuclear power technology by 2030, expanding the space opportunity set," Bank of America analyst Ron