Under his leadership, profits have soared. In its most recent half-year update, Rolls posted an operating profit of £1.1bn, up 74% from the same period last year. Looking more long term, the company is targeting £2.8bn in operating profit by 2027.

Our writer doesn’t think the Rolls-Royce share price offers value for money at the moment. But he likes the look of its nuclear energy programme. The post Could small modular reactors cause the Rolls-Royce share price to explode?

Rolls-Royce Holdings PLC RR shares inched up 0.23% to £5.26 Friday, on what proved to be an all-around rough trading session for the stock market, with the FTSE 100 Index UKX falling 1.19% to 8,229.99.

What's going on with the Rolls-Royce share price spike? And was there really a newsworthy development? This investor takes a look. The post Here’s why the Rolls-Royce share price has jumped to a new 52-week high appeared first on The Motley Fool UK.