London, June 16, 2026, 09:33 BST.
- Rolls-Royce Holdings plc traded up 1.86% this morning, rising 25.20p to 1,383.60p just after 09:16 BST in delayed action in London. Investors Chronicle
- Rolls-Royce SMR has secured a multibillion-pound deal to build three 470 MW nuclear reactors in Sweden. Shares reacted to the update. Reuters
- Rolls-Royce said it will report 2026 half-year results on July 30. Rolls-Royce
Rolls-Royce Holdings plc shares climbed in London on Tuesday, building on Monday’s gains as buyers stuck with the group’s nuclear plans. At 09:16 BST, the stock traded at 1,383.60p, up 1.86%, according to delayed data from Investors Chronicle. The same feed showed shares up 56.27% over the last year. Investors Chronicle Shares are now near a 52-week high of 1,420p, so bulls might not have much room left for fresh upside. Google
Vattenfall picked Rolls-Royce SMR for a new nuclear push in Sweden, skipping GE Vernova, Reuters said. The state-backed utility is planning up to three reactors, with the UK government valuing the deal at several billion pounds. The units would generate around 12 terawatt hours a year, but they still need permits. First reactor could be up by the mid-2030s. Reuters Small modular reactors, or SMRs, are smaller than typical nuclear plants and made with more factory elements. Rolls-Royce chief Tufan Erginbilgic said the deal “reinforces the status of Rolls-Royce SMR as the only company with multiple contractual commitments to deliver SMR units in Europe.” Rolls-Royce
Today’s order isn’t the only thing investors are watching with the stock. The Sweden deal brings new attention to Rolls-Royce’s nuclear side, on top of the civil aerospace, defence, and power systems business. The balance sheet is stronger than a few years ago. For 2025, Rolls-Royce reported £3.5 billion underlying operating profit, free cash flow at £3.3 billion. Free cash flow is what’s left after running costs and capex. For 2026 guidance, the group sees £4.0 billion to £4.2 billion in underlying operating profit, £3.6 billion to £3.8 billion free cash flow, and a £7 billion to £9 billion buyback between 2026 and 2028. Rolls-Royce
Rolls-Royce bulls point to several revenue levers: higher-margin flying-hour sales in civil aerospace, stable defence demand, new orders in power systems and data centres, and renewed political and private interest in the nuclear business. The company’s analyst consensus page, using figures as of 12 April, shows underlying revenue up from £22.7 billion in 2026 to £27.5 billion in 2028. Free cash flow is forecast to increase from £3.73 billion to £5.15 billion over that stretch. Rolls-Royce On the bear side, focus stays on valuation and when growth is priced in. Investors Chronicle and LSEG put the median 12-month target at 1,400p, with a range from 1,101p to 1,740p. Tuesday morning’s price sits just under that median target. Investors Chronicle
Rolls-Royce trades around fair value now. There’s no obvious cheap entry. Buyers here are probably hoping for another positive cash number or some sign of life from the SMR side. That’s a harder case: shares are more expensive and risks are front and center. Nuclear sales take years, the company hasn’t won a big SMR deal yet, and regulation could bog down progress. Civil aerospace or parts hiccups still threaten the story. Eyes are on the half-year numbers July 30. The market wants to see real cash progress against the 2026 plan, not just talk. Rolls-Royce
