Morgan Stanley says the much touted nuclear renaissance may actually be real this time, and Curtiss-Wright is poised to benefit.
While promises of a nuclear renaissance have failed to deliver in the past, there are signals that this time around the hype may actually be real, according to Morgan Stanley. The firm's analysts see Curtiss-Wright , a company that supplies nuclear plants with crucial parts, as a potential winner in the space. The investment bank raised Curtiss-Wright's price target by $46 to $330, implying more than 17% upside from Friday's close.
Demand is growing at the same time that countries are in search of reliable carbon-free energy to address climate change. CW 1Y mountain Curtiss-Wright shares over the past year After a spate of nuclear plant closures over the past decade, reactors are now being modernized to extend their service life and communities are showing interest in new plants as they phase out coal, according to the Morgan Stanley analysts.
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