I know nuclear's not the sexiest energy solution around. Some even malign it as 50s technology. But Shaw Group
This company, along with perennial nuclear option Cameco
As mentioned in my last look at the company, Shaw doesn't count the bulk of this nuclear project work in its backlog, which recently increased 15% to a fresh record of $16.4 billion. If it did, order backlog would be around $38 billion. That's a staggering sum for a $5 billion firm.
Though it's usually a highlight, nuclear wasn't the only thing for Shaw to brag about this quarter. Record results abounded, with strong bookings and margins all around.
The firm's fossil and nuclear segment benefited from passage of a key environmental permit, allowing the construction of a Dominion
As noted by a Foolish colleague back in December, Shaw has come a long way since its early pipe-bending days. But it hasn't forgotten its roots: Shaw just boosted capacity by 25%, and it is the largest pipe fabricator in North America. That said, Shaw's real growth potential lies elsewhere, so worldwide nuclear plans should be your key focus if you're a Shaw shareholder.