BWXT

What they do

Old, profitable, government-funded. BWXT is the sole supplier of nuclear propulsion to the US Navy — a contracted, multi-decade business. Building HALEU fuel facilities. Won contract to make TRISO fuel for X-energy. Less explosive upside than Oklo, but actual profits, actual revenue, and bipartisan political support. The "boring uncle" of the SMR thesis — and the one professional managers actually own.