What to read nextĪmericans are paying nearly 40% more on home insurance compared to 12 years ago - here's how to spend less on peace of mindĦ0% of working Americans aren't confident about retiring one day. The fund provides exposure to companies involved in uranium mining and the production of nuclear components. Then there’s also the Global X Uranium ETF (URA), a targeted play on uranium mining. You can use ETFs to tap into the nuclear energy sector, too.įor instance, the VanEck Uranium+Nuclear Energy ETF (NLR) is an ETF that tracks the performance of companies involved in uranium mining, the construction, engineering and maintenance of nuclear power facilities, the production of electricity from nuclear sources, and providing equipment and services to the nuclear power industry. And because ETFs trade on major exchanges, it’s very convenient for investors to buy and sell them. You can think of an ETF as a portfolio of stocks. ETFsĮxchange-traded funds have been gaining popularity in recent years. Since the stock trades at around $8.50 today, the price target implies a potential upside of greater than 100%. Guggenheim analyst Shahriar Pourreza has a ‘buy’ rating on Nuscale Power and a price target of $18. The plant is expected to be fully operational by 2030. Notably, it will build a six-module plant at the Idaho National Laboratory in Idaho Falls that will generate 462 megawatts of carbon-free electricity. NuScale Power has several projects planned ahead. In 2020, it became the first company to have its small modular reactor design approved by the Nuclear Regulatory Commission. The business started out as a university research project in 2002. NuScale Power (SMR) develops small modular nuclear power reactors for power generation. Read more: Here's how much money the average middle-class American household makes - how do you stack up? NuScale Power Raymond James analyst Brian MacArthur has an ‘outperform’ rating on Cameco’s Canadian-listed shares and recently raised the price target to C$48 - roughly 37% above where the stock sits today. Other than mining uranium, Cameco also provides fuel services to nuclear power plants.Īlthough Cameco is headquartered in Saskatoon, Saskatchewan, Canada, its shares trade on both the Toronto Stock Exchange and the New York Stock Exchange. The business is backed by long-term contracts with customers around the world, averaging 21 million pounds per year over the next five years in sales. Therefore Cameco (CCJ) - a major uranium producer - is well-positioned if nuclear power becomes a more significant source of electricity production.Ĭameco operates uranium mines in Canada, the U.S., and Kazakhstan. Uranium is the mostly widely used fuel by nuclear power plants. Here’s a look at two that Wall Street analysts like - and another method to gain exposure if you don’t want to pick winners and losers. So for savvy investors, it might be a good time to check out some nuclear energy stocks. Given the global energy crisis, more nuclear reactors could come online. The company’s CEO said that the unit should be able to produce “clean and emission-free energy for the next 60 to 80 years.” Georgia Power expects Vogtle Unit 3 to be fully in service in May or June this year. Nuclear Regulatory Commission spokesperson Scott Burnell told CNBC that this marked the first nuclear reactor to achieve initial criticality since May 2016. “Achieving initial criticality is necessary to continue the startup of the Unit in order to generate sufficient heat for the production of electricity.” “A reactor achieves criticality when the nuclear fission reaction becomes self-sustaining,” the company said in a statement. Owning real estate for passive income is one of the biggest investing myths - but it can work if you're smart. Get in now for strong long-term tailwinds Rich young Americans have lost confidence in the stock market - and are betting on these 3 assets instead. You could be the landlord of Walmart, Whole Foods and CVS (and collect fat grocery store-anchored income on a quarterly basis) seems to be embracing its advantages.Įarlier this week, Georgia Power announced that its Vogtle Unit 3 reactor has safely reached 'initial criticality.' Don’t miss ![]() Here are 3 simple ways to invest in the space ![]() A new nuclear reactor in the US started up earlier this month - the country's first in nearly 7 years.
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