Are you looking for a unique investment opportunity that can potentially bring you great returns? Look no further than Flowserve Corporation, a pump and valve maker that is well positioned to capitalize on the renewed demand for nuclear power. At Extreme Investor Network, we see Flowserve as an excellent way to gain exposure to the growing need for maintaining and retrofitting existing nuclear plants.
TD Cowen, a reputable firm in the investment world, has identified Flowserve as having significant potential for growth, with an estimated 11% upside and a stock price target of $57. This year alone, Flowserve has seen its shares rise by over 25%, outperforming the S & P 500.
The resurgence of nuclear power as a source of clean and reliable energy has caught the attention of analysts like Joe Giordano from TD Cowen. With plans to restart nuclear plants such as Palisades in Michigan and Three Mile Island in Pennsylvania, the demand for servicing nuclear reactors for maintenance, repair, and retrofitting is expected to increase significantly.
Flowserve currently has an installed base of 5,000 pumps and 15,000 valves in over 200 nuclear plants worldwide, presenting a substantial opportunity for growth as operators look to extend the life of their existing plants. According to TD Cowen, there are nuclear plants with a combined capacity of 85 gigawatts that are either shut down or in the process of being decommissioned in the U.S. and Europe. Bringing just 50% of these plants back online would provide Flowserve with a total addressable market of $4 billion.
With its strong position in the market and a track record of success, Flowserve Corporation is a compelling investment opportunity for those looking to capitalize on the growing demand for nuclear power. Keep an eye on this stock as it continues to show promise in the evolving energy landscape. Stay informed with Extreme Investor Network for more unique investment insights and opportunities.