Holtec Nuclear Files for US IPO as Data Center Power Demand Lifts Sector
Updated
Updated · Bloomberg · Jul 10
Holtec Nuclear Files for US IPO as Data Center Power Demand Lifts Sector
3 articles · Updated · Bloomberg · Jul 10
Summary
Holtec Nuclear disclosed a US IPO filing on Friday, making the Camden, New Jersey-based supplier the latest nuclear company seeking public-market funding.
Data centers’ rising electricity needs are driving the push, with nuclear firms trying to tap investor interest in round-the-clock power sources.
Holtec reported $17.8 million in net income on $165.3 million in revenue for the quarter ended March 31, down from $25.4 million and $177.7 million a year earlier.
The filing adds to a broader rush of nuclear-related listings as companies position themselves for expected growth in power demand from AI and data-center expansion.