Overview
- Amentum shares rallied roughly 17% to around $25.57 on Wednesday after a burst of analyst attention and investor commentary.
- UBS initiated coverage on Nov. 19 with a Neutral rating and a $25 price target, a move cited by market watchers as a sentiment driver.
- Citron Research’s Andrew Left publicly promoted the stock, claiming Amentum manages 90% of the DOE’s nuclear infrastructure and calling it strategically vital.
- Coverage tied investor interest to the administration’s pro‑nuclear agenda, including a May order targeting 400 GW by 2050 and a DOE loan program reported at $250 billion.
- Reports also pointed to a recent $1 billion DOE loan for a Three Mile Island restart and tech involvement from Google and Microsoft as signals of demand linked to AI data centers.