Rolls-Royce Nuclear May Eventually Top £10 Billion, Analyst Says

The UK’s decision to pick Rolls-Royce Holdings Plc for the development of its first small modular reactors may lead to a nuclear business worth £10 billion ($13.5 billion) in the next few years, according to a Morgan Stanley analyst.

It’s a long-term and speculative forecast by analyst Ross Law, who currently estimates the value of the Rolls-Royce business at about £1 billion. Shares in the London-based company, best known for its commercial aircraft engines, rose to a record high on the news before retreating.