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Ansys's (ANSS) Simulation Solutions Power NuScale's SMR Design
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Ansys (ANSS - Free Report) announced that its simulation solutions are being leveraged by a leading nuclear technology company — NuScale Power. Ansys will help NuScale Power to develop the NPM, which is the first Small Modular Reactor (SMR) approved by the U.S. Nuclear Regulatory Commission.
This collaboration will assist NuScale Power in designing an SMR that can generate carbon-free energy for various applications like electricity, district heating, water desalination, and commercial-scale hydrogen production. NuScale has leveraged Ansys' thermal and structural analysis tools to develop an innovative passive safety system ensuring automatic shutdown and self-cooling without human intervention or power sources.
NuScale has engineered its design to address safety concerns, which enables utilities to use the pre-approved product for licensing new nuclear power plants. NuScale aims to deploy this technology in the United States and Europe by the decade's end and contribute to global advancements in nuclear energy and other sustainable solutions.
Ansys develops and globally markets engineering simulation software and services widely used by engineers, designers, researchers and students across a spectrum of industries and academia.
In July 2023, the company announced that its simulation solutions are being leveraged by uPI Semiconductor Corp to enhance the efficiency of its product packaging processes and achieve a two-fold improvement in thermal reliability.
Prior to that, the company announced that its simulation solutions are being leveraged by Flexium to enhance the design process and test antenna modules for high-frequency signal transceiver applications in advanced driver assistance systems and autonomous vehicles.
ANSS now projects 2023 non-GAAP revenues in the range of $2,234-$2,284 million compared with the earlier prediction of $2,257-$2,327 million. Management expects non-GAAP operating margin to be between 41% and 42%.
Non-GAAP earnings per share (EPS) are anticipated to be in the range of $8.34-$8.75 compared with the previous guidance of $8.39-$8.88.
ANSS currently carries a Zacks Rank #3 (Hold). Shares of ANSYS have gained 23.6% in the past year compared with the sub-industry’s growth of 53.8%.
The Zacks Consensus Estimate for Pegasystems’ 2023 EPS has improved 21.2% in the past 60 days to $1.77. PEGA delivered an average earnings surprise of 1,250.2% in the trailing four quarters. Shares of PEGA have jumped 44.1% in the past year.
The Zacks Consensus Estimate for Flex’s fiscal 2024 EPS has increased 3.6% in the past 60 days to $2.56. Flex’s long-term earnings growth rate is 12.4%.
Flex’s earnings outpaced the Zacks Consensus Estimate in each of the last four quarters, the average earnings surprise being 11%. Shares of the company have risen 28% in the past year.
The Zacks Consensus Estimate for Watts Water Technologies 2023 EPS has improved 2.8% in the past 60 days to $8.00. Watts Water’s long-term earnings growth rate is 7.8%.
WTS’ earnings outpaced the Zacks Consensus Estimate in each of the last four quarters, the average earnings surprise being 11.8%. Shares of WTS have rallied 34.2% in the past year.
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Ansys's (ANSS) Simulation Solutions Power NuScale's SMR Design
Ansys (ANSS - Free Report) announced that its simulation solutions are being leveraged by a leading nuclear technology company — NuScale Power. Ansys will help NuScale Power to develop the NPM, which is the first Small Modular Reactor (SMR) approved by the U.S. Nuclear Regulatory Commission.
This collaboration will assist NuScale Power in designing an SMR that can generate carbon-free energy for various applications like electricity, district heating, water desalination, and commercial-scale hydrogen production. NuScale has leveraged Ansys' thermal and structural analysis tools to develop an innovative passive safety system ensuring automatic shutdown and self-cooling without human intervention or power sources.
NuScale has engineered its design to address safety concerns, which enables utilities to use the pre-approved product for licensing new nuclear power plants. NuScale aims to deploy this technology in the United States and Europe by the decade's end and contribute to global advancements in nuclear energy and other sustainable solutions.
ANSYS, Inc. Price and Consensus
ANSYS, Inc. price-consensus-chart | ANSYS, Inc. Quote
Ansys develops and globally markets engineering simulation software and services widely used by engineers, designers, researchers and students across a spectrum of industries and academia.
In July 2023, the company announced that its simulation solutions are being leveraged by uPI Semiconductor Corp to enhance the efficiency of its product packaging processes and achieve a two-fold improvement in thermal reliability.
Prior to that, the company announced that its simulation solutions are being leveraged by Flexium to enhance the design process and test antenna modules for high-frequency signal transceiver applications in advanced driver assistance systems and autonomous vehicles.
ANSS now projects 2023 non-GAAP revenues in the range of $2,234-$2,284 million compared with the earlier prediction of $2,257-$2,327 million. Management expects non-GAAP operating margin to be between 41% and 42%.
Non-GAAP earnings per share (EPS) are anticipated to be in the range of $8.34-$8.75 compared with the previous guidance of $8.39-$8.88.
ANSS currently carries a Zacks Rank #3 (Hold). Shares of ANSYS have gained 23.6% in the past year compared with the sub-industry’s growth of 53.8%.
Image Source: Zacks Investment Research
Stocks to Consider
Some better-ranked stocks in the broader technology space are Pegasystems (PEGA - Free Report) , Flex (FLEX - Free Report) and Watts Water Technologies (WTS - Free Report) . Pegasystems and Flex presently sport a Zacks Rank #1 (Strong Buy), whereas Watts Water Technologies carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for Pegasystems’ 2023 EPS has improved 21.2% in the past 60 days to $1.77. PEGA delivered an average earnings surprise of 1,250.2% in the trailing four quarters. Shares of PEGA have jumped 44.1% in the past year.
The Zacks Consensus Estimate for Flex’s fiscal 2024 EPS has increased 3.6% in the past 60 days to $2.56. Flex’s long-term earnings growth rate is 12.4%.
Flex’s earnings outpaced the Zacks Consensus Estimate in each of the last four quarters, the average earnings surprise being 11%. Shares of the company have risen 28% in the past year.
The Zacks Consensus Estimate for Watts Water Technologies 2023 EPS has improved 2.8% in the past 60 days to $8.00. Watts Water’s long-term earnings growth rate is 7.8%.
WTS’ earnings outpaced the Zacks Consensus Estimate in each of the last four quarters, the average earnings surprise being 11.8%. Shares of WTS have rallied 34.2% in the past year.