Rolls-Royce Holdings PLC (LSE:RR.) shares have had a strong run, and a fresh catalyst has just rolled in.
British aerospace group Rolls-Royce received backing from the U.K. government to build the country's first small modular nuclear reactors. The announcement follows a two-year selection process and reaffirms Britain's embrace of nuclear power.
Rolls-Royce Holdings PLC (LSE:RR.) shares rose to a new all-time high as it was selected by the UK government to build the country's first small modular nuclear reactors.
Rolls-Royce Holdings PLC (LSE:RR.) is widely expected to be among the final contenders as the UK government prepares to announce the next stage of its Small Modular Reactor (SMR) programme on Wednesday, according to a note from Citi.
Does Rolls-Royce Holdings PLC (RYCEY) have what it takes to be a top stock pick for momentum investors? Let's find out.
Rolls-Royce's price has rebounded to pre-pandemic levels, which is also mirrored in its revenues and a 3x increase in operating profit since 2019. With its 60% price rise YTD, the stock has far surpassed both the overall markets and the aerospace and defence industry, but its uptick is far from over. The company's recent trading update indicates continued progress, and its projections for both the short and medium term reflect much upside for the stock based on market multiples.
Rolls-Royce's stock has surged since 2023, but its long-term growth potential and strong fundamentals justify the premium valuation. The company has significantly improved its balance sheet, eliminating net debt and achieving robust revenue and margin growth. Rolls-Royce's investments in small modular reactors (SMRs) offer a promising future in the nuclear energy market, potentially capturing a significant share of a $295bn market.
CNBC's Eamon Javers reports on the latest regarding Trump's trade announcement with the UK.
Rolls-Royce Holdings PLC (LSE:RR.) shares climbed 4% higher after the aerospace engine maker was included in the US-UK trade deal.
Rolls-Royce Holdings PLC (LSE:RR.) shares rose back towards their recent all-time highs on Friday as brokers retained their 'buy' ratings on the shares, with the engine maker reporting a strong start to the year, and as investors see better prospects for its airline customers as China and US tensions seemed to de-escalate.
Rolls-Royce Holdings PLC (LSE:RR.) shares rose 1.5% in early trading after what UBS described as a “mildly positive” first-quarter update.
The aircraft engine maker had a strong start to the year on an increased aftermarket revenue at its civil aerospace unit and increased orders in its defense and power systems businesses.