With new nuclear energy deals in view, Rolls-Royce’s share price looks cheap to me anywhere under £11.48
Image source: Rolls-Royce plc
Rolls-Royce’s (LSE: RR) share price is now trading near a 12-month high, following a dip at the beginning of September to £4.56.
This came after the in-flight failure on 30 August of a part in a Cathay Pacific A350-1000 Rolls-Royce XWB-97 engine.
However, the European Union Aviation Safety Agency (EASA) said on 19 September that the failure may not have been a structural flaw in the engine nozzle. It may instead have been due to a process used to clean the fuel hose.
How do the growth prospects look?
The day before the EASA statement, Rolls-Royce announced a landmark achievement for its Small Modular Reactor (SMR) unit. The Czech Republic’s state utility ČEZ Group selected it…
