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The U.S. Department of Energy committed up to 1 billion dollars to support X-Energy's nuclear reactor project in Texas. This funding is part of a broader federal push to develop new carbon-free energy sources to meet rising electricity needs.
This is a helpful development for Mirion because it provides the radiation sensors and monitoring software required to run these plants. As more next-generation projects secure funding, it expands the long-term market for Mirion's specialized equipment.
Morgan Stanley lowered its price target from 25 dollars to 23 dollars. Even with this small reduction, the new target remains well above the current stock price of about 15 dollars. The average target across all analysts who follow the company is 25 dollars. This suggests that while one firm is slightly more cautious, the general view on the company's value has not changed much.
Source: Morgan Stanley
Mirion has entered a strategic partnership with Perma-Fix Environmental Services to target nuclear waste management and cleanup opportunities with the federal government. The two companies will work together under a mentor-protégé program designed by the Small Business Administration.
This move helps Mirion grow its business with the Department of Energy. By combining its radiation detection technology with Perma-Fix's waste management expertise, the company is better positioned to win large, long-term government contracts for cleaning up nuclear sites.
Source: GlobeNewsWire
Management has a reliable habit of clearing their own targets by small margins. This suggests they have a firm grip on their costs and a predictable stream of service revenue.
| Expectation | |
|---|---|
| EPS | $0.12 |
| Revenue | $275M |
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