Westinghouse IPO Could Value Nuclear Giant at Tens of Billions
BN is trading near its 52-week low of $37.93 (13% above the low).
Summary
Westinghouse Electric, owned by Brookfield and Cameco, plans to go public in what could be America's biggest nuclear IPO. The company is profitable, with Cameco's 49% stake generating C$3.46 billion in 2025 revenue, up 20% year-over-year. A preliminary U.S.-Japan deal could finance up to $80 billion in new reactors, with the U.S. government potentially taking a 20% stake. Westinghouse aims to start 10 U.S. reactors by 2030, leveraging its AP1000 design. This follows Brookfield's recent expansion into energy infrastructure, including the Aypa Power acquisition and Bloom Energy partnership. The IPO would unlock significant value for Brookfield, whose shares have benefited from strong earnings and a $1 billion buyback program.
At the time of this announcement, BN was trading at $42.73 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $95.4B. The 52-week trading range was $37.93 to $49.57. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Dow Jones Newswires.