Skip to Content News Archives Economy Energy Oil & Gas Renewables Electric Vehicles Mining Commodities Agriculture Real Estate Mortgages Mortgage Rates Finance Banking Insurance Fintech Cryptocurrency Work Wealth Smart Money Wealth Management Investor Personal Finance Family Finance Retirement Taxes High Net Worth FP Comment Executive Women Puzzmo Newsletters Financial Times Business Essentials More Innovation Information Technology FP500 Podcasts Small Business Lives Told Tails Told Shopping Financial Post Store Obituaries Place a Notice Advertising Advertising With Us Advertising Solutions Postmedia Ad Manager Sponsorship Requests Classifieds Place a Classifieds ad Working Profile Settings My Subscriptions Saved Articles My Offers Newsletters Customer Service FAQ News Economy Energy Mining Real Estate Finance Work Wealth Investor FP Comment Executive Women Puzzmo Newsletters Financial Times Business Essentials HomeEnergyNewsAtkinsRealis gains on Canada's expanded nuclear strategy'We will ensure Candu is a viable technology for the different provinces to choose from going forward' said Tim HodgsonAuthor of the article:Last updated 1 hour ago You can save this article by registering for free here. Or sign-in if you have an account.The policy document includes a commitment to modernizing the design of Candu reactor technology, which the Canadian government owns and to which AtkinsRealis is the exclusive licensee. Photo by James MacDonald/BloombergAtkinsRealis Group Inc. extended a rally on Monday after the Canadian government announced plans to expand its nuclear program, turning analysts more bullish on the Montreal-based infrastructure engineering firm.Subscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.Subscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one account.Share your thoughts and join the conversation in the comments.Enjoy additional articles per month.Get email updates from your favourite authors.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one accountShare your thoughts and join the conversation in the commentsEnjoy additional articles per monthGet email updates from your favourite authorsSign In or Create an AccountorShares closed up 6.4 per cent Friday in Toronto and gained as much as 8.8 per cent Monday to trade at $94.46, rising the most intraday since May 2025. Trading in the company’s call options was five times the average.The Canadian government is aiming to enable construction of as many as 10 large-scale nuclear reactors in the country, Energy Minister Tim Hodgson said Monday. The strategy was reported earlier in the day by the Globe and Mail newspaper.Breaking business news, incisive views, must-reads and market signals. Weekdays by 9 a.m.By signing up you consent to receive the above newsletter from Postmedia Network Inc.A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of Posthaste will soon be in your inbox.We encountered an issue signing you up. Please try againThe policy document includes a commitment to modernizing the design of Candu reactor technology, which the Canadian government owns and to which AtkinsRealis is the exclusive licensee. Canada hopes to win at least four new international Candu markets by 2040, and also proposes doubling uranium exports from 2024 to 2035.“It’s important that the Canadian government support Candu technology — it’s important domestically and it’s important internationally,” AtkinsRealis chief executive Ian L. Edwards said. As for the decision to build new reactors, he acknowledged that provinces choose the technology used.“We will ensure Candu is a viable technology for the different provinces to choose from going forward,” Hodgson told reporters.The rise in AtkinsRealis shares Monday is fully related to the government’s announcement, National Bank Capital Markets analyst Maxim Sytchev wrote in an email. “The potential revenue generation is highly material, so any re-confirmation of Candu-related upside is directionally positive,” he said.Stifel Nicolaus Canada Inc. analyst Ian Gillies calculated that AtkinsRealis’ nuclear business is being valued at 13.8 times enterprise value to earnings before interest, taxes, depreciation and amortization, based on 2027 estimates. As a result, he and his team don’t see the upside of further nuclear contracts being fully priced in, given that United States nuclear-focused peers trade at 29.4 times.In a note prior to the official announcement, RBC Dominion Securities Inc. analyst Sabahat Khan wrote that Aecon Group Inc. and ATS Corp. may also benefit from Candu buildouts “given their positioning/expertise with the reactor technology.”Aecon rose as much as 5.8 per cent in Toronto, while ATS rose as much as two per cent.—With assistance from Brian Platt. Join the Conversation This website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. Read more about cookies here. By continuing to use our site, you agree to our Terms of Use and Privacy Policy.