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Is Mirion Technologies (MIR) Using Paragon Deal to Redefine Its Nuclear Safety Investment Narrative?

Simply Wall St·01/07/2026 02:24:16
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  • In late 2025, TimesSquare Capital Management highlighted Mirion Technologies’ acquisition of Paragon Energy Solutions, which adds safety-related equipment and services for nuclear power plants, including small modular reactors, to Mirion’s portfolio.
  • This deal deepens Mirion’s role in the global nuclear ecosystem, complementing its existing footprint in more than 95% of nuclear reactors and 80% of cancer centers worldwide.
  • We’ll now examine how adding Paragon’s nuclear safety capabilities could influence Mirion’s existing investment narrative around nuclear exposure and growth.

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Mirion Technologies Investment Narrative Recap

To own Mirion, you need to believe that long term demand for nuclear and radiation safety solutions will support steady growth across both power and medical markets. The Paragon acquisition fits cleanly into this thesis by broadening Mirion’s nuclear safety toolkit, particularly around small modular reactors, but it does not fundamentally change the near term picture, where integration risk and Mirion’s dependence on an aging global reactor fleet remain key watchpoints.

Among Mirion’s recent announcements, the continued rollout of its Vital and Apex Guard digital platforms, alongside the integration of Certrec’s compliance software, looks most relevant. Together with Paragon’s safety equipment, these software offerings could deepen Mirion’s role inside nuclear operators’ workflows and potentially reinforce one of the main catalysts for the story: increased spending on modernization, life extension, and regulatory compliance across the existing reactor base.

Yet against this expanding nuclear footprint, investors should be aware of the longer term risk that hinges on the future of aging reactor fleets and...

Read the full narrative on Mirion Technologies (it's free!)

Mirion Technologies' narrative projects $1.1 billion revenue and $105.2 million earnings by 2028. This requires 7.9% yearly revenue growth and about a $95.2 million earnings increase from $10.0 million today.

Uncover how Mirion Technologies' forecasts yield a $30.75 fair value, a 22% upside to its current price.

Exploring Other Perspectives

MIR 1-Year Stock Price Chart
MIR 1-Year Stock Price Chart

Three Simply Wall St Community fair value estimates for Mirion span from US$17.35 to US$30.75, underlining how far apart individual views can sit. Against that spread, Mirion’s growing exposure to advanced nuclear projects and SMRs after the Paragon deal could become a key factor that shapes how you think about its future earnings resilience and the business mix that underpins those valuations.

Explore 3 other fair value estimates on Mirion Technologies - why the stock might be worth as much as 22% more than the current price!

Build Your Own Mirion Technologies Narrative

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.