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Dow Advances Texas Advanced Nuclear Project With NRC Approval
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Key Takeaways
Dow receives NRC approval for its Long Mott Generating Station, marking a key regulatory milestone in Texas.
The project aims to supply zero-carbon electricity and high-temperature steam to Dow's UCC1 Seadrift site.
Dow will assess project competitiveness, execution readiness and capital affordability.
Dow Inc. (DOW - Free Report) announced that the U.S. Nuclear Regulatory Commission (NRC) has approved the Construction Permit Application for its proposed Long Mott Generating Station in Seadrift, TX. The approval marks an important regulatory milestone for the advanced nuclear project, being developed through Dow's fully owned subsidiary, Long Mott Energy, in collaboration with X-energy under the U.S. Department of Energy's Advanced Reactor Demonstration Program.
The proposed facility is designed to provide zero-carbon emissions electricity and high-temperature steam to Dow's UCC Seadrift Operations site, replacing existing energy and steam assets that have almost reached the end of their lives. The project is expected to become the first advanced nuclear project at an industrial site in North America, supporting Dow's efforts to manufacture lower-emissions products while strengthening long-term competitiveness.
The NRC's approval follows a comprehensive review of the proposed facility's site characteristics, construction plans, environmental considerations and safety-related information. However, the construction permit does not represent a final investment decision. Dow will continue evaluating the project's competitiveness, execution readiness and capital affordability before making a final construction decision.
DOW's shares have gained 40.9% in the past year compared with the industry’s 16.9% growth.
Image Source: Zacks Investment Research
DOW’s Zacks Rank & Key Picks
DOW currently carries a Zacks Rank #3 (Hold).
Better-ranked stocks in the Basic Materials space are Reliance, Inc. (RS - Free Report) , Element Solutions Inc. (ESI - Free Report) and Worthington Steel, Inc. (WS - Free Report) .
The Zacks Consensus Estimate for RS’ 2026 earnings is pegged at $26.54 per share, indicating an 86.1% year-over-year surge. RS shares have gained 57.2% over the past year.
The Zacks Consensus Estimate for ESI’s 2026 earnings is pegged at $1.85 per share, indicating a year-over-year rise of 24.2%. Its earnings beat the Zacks Consensus Estimate in each of the trailing four quarters, with the average surprise being 6%.
The Zacks Consensus Estimate for WS’ current fiscal-year earnings is pinned at $4.07 per share. WS shares have gained 24% over the past year.
View the Zacks #1 Rank List
Image: Bigstock
Dow Advances Texas Advanced Nuclear Project With NRC Approval
Key Takeaways
Dow Inc. (DOW - Free Report) announced that the U.S. Nuclear Regulatory Commission (NRC) has approved the Construction Permit Application for its proposed Long Mott Generating Station in Seadrift, TX. The approval marks an important regulatory milestone for the advanced nuclear project, being developed through Dow's fully owned subsidiary, Long Mott Energy, in collaboration with X-energy under the U.S. Department of Energy's Advanced Reactor Demonstration Program.
The proposed facility is designed to provide zero-carbon emissions electricity and high-temperature steam to Dow's UCC Seadrift Operations site, replacing existing energy and steam assets that have almost reached the end of their lives. The project is expected to become the first advanced nuclear project at an industrial site in North America, supporting Dow's efforts to manufacture lower-emissions products while strengthening long-term competitiveness.
The NRC's approval follows a comprehensive review of the proposed facility's site characteristics, construction plans, environmental considerations and safety-related information. However, the construction permit does not represent a final investment decision. Dow will continue evaluating the project's competitiveness, execution readiness and capital affordability before making a final construction decision.
DOW's shares have gained 40.9% in the past year compared with the industry’s 16.9% growth.
Image Source: Zacks Investment Research
DOW’s Zacks Rank & Key Picks
DOW currently carries a Zacks Rank #3 (Hold).
Better-ranked stocks in the Basic Materials space are Reliance, Inc. (RS - Free Report) , Element Solutions Inc. (ESI - Free Report) and Worthington Steel, Inc. (WS - Free Report) .
RS currently sports a Zacks Rank #1 (Strong Buy), while ESI and WS carry a Zacks Rank #2 (Buy) each. You can see the complete list of today’s Zacks #1 Rank stocks here
The Zacks Consensus Estimate for RS’ 2026 earnings is pegged at $26.54 per share, indicating an 86.1% year-over-year surge. RS shares have gained 57.2% over the past year.
The Zacks Consensus Estimate for ESI’s 2026 earnings is pegged at $1.85 per share, indicating a year-over-year rise of 24.2%. Its earnings beat the Zacks Consensus Estimate in each of the trailing four quarters, with the average surprise being 6%.
The Zacks Consensus Estimate for WS’ current fiscal-year earnings is pinned at $4.07 per share. WS shares have gained 24% over the past year.