VanEck Uranium and Nuclear ETF (ARCA: NLR)

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VanEck Uranium and Nuclear ETF

VanEck Uranium Nuclear Energy ETF

VanEck Vectors Uranium & Nuclear Energy ETF

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The fund normally invests at least 80% of its total assets in securities that comprise the funds benchmark index. The index includes equity securities and depositary receipts issued by companies involved in uranium and nuclear energy. The fund is non-diversified.

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Cameco Corp

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Bwx Technologies Inc

Cgn Power Co Ltd

Nac Kazatomprom Jsc

Oklo Inc

VanEck Uranium & Nuclear ETF

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OKLO

Trump planea cuadruplicar la energía nuclear en EE. UU. para 2050. Empresas como Oklo, NuScale y Constellation podrían salir ganando.

Trump quiere impulsar el desarrollo nuclear: Estas 5 acciones podrían despegar

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President Donald Trump is advancing a series of executive orders aimed at dramatically reshaping U.S. nuclear energy policy to accelerate the construction of new nuclear power plants and reduce regulatory barriers. Several companies in the nuclear energy sector could benefit from accelerated expansion <a href="https://www.benzinga.com/news/25/05/45337965/google-to-fund-three-nuclear-sites-says-the-move-will-allow-them-to-move-at-the-speed-required-to-meet-this-moment-of-ai-and-american-innovation">of the industry.&nbsp;</a>
The Details: The Trump administration's draft executive orders are intended to quadruple U.S. nuclear power production by 2050, increasing capacity from about 100 gigawatts to 400 gigawatts,<a href="https://www.nytimes.com/2025/05/09/climate/trump-draft-nuclear-executive-orders.html"> according</a> to the New York Times.&nbsp;
Read Next: <a href="https://www.benzinga.com/25/05/45354683/tesla-probably-wont-make-money-on-ride-hailing-for-years-gary-black-says?utm_source=articleShare">Tesla Robotaxi Hopes Dashed By Uber, Lyft: No Fast Lane To Profits, Warns Investor Gary Black&nbsp;</a>
The orders cite the need to catch up with China and Russia, which have recently dominated new nuclear reactor deployments. Trump also aims to rebuild domestic uranium and nuclear fuel supply chains and reduce reliance on Russian and Chinese imports.&nbsp;
Stocks To Watch: Companies directly involved in nuclear power generation, uranium mining and enrichment as well as advanced reactor technology, stand to benefit from an acceleration in construction and deregulation of the nuclear energy industry. 
Constellation Energy Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CEG#NASDAQ">CEG</a>) and Vistra Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VST#NYSE">VST</a>) are major utility companies with nuclear assets and are well-positioned to benefit from streamlined regulations and a supportive policy environment.&nbsp;
Oklo, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OKLO#NYSE">OKLO</a>), which is focused on small modular reactors (SMR), is gaining traction as Trump's policies favor rapid deployment of advanced nuclear technologies and AI/data center partnerships. 
NuScale Power Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SMR#NYSE">SMR</a>) is another company developing SMR technology and<a href="https://www.benzinga.com/news/earnings/25/05/45361335/nuscale-power-reports-q1-results-details"> is positioned</a> to capitalize on streamlined permitting and increased federal support for advanced nuclear projects.&nbsp;
VanEck Uranium and Nuclear ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NLR#NYSE">NLR</a>) provides diversified exposure to leading nuclear utilities, uranium miners and other sector leaders. The ETF could be a lower-risk way to capture upside from the nuclear renaissance.&nbsp;
Read Next:&nbsp;
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/general/health-care/25/05/45305392/unitedhealth-investors-claim-company-hid-profit-impact-of-ceos-murder?utm_source=articleShare">UnitedHealth Investors Claim Company Hid Profit Impact Of CEO&#8217;s Murder</a>&nbsp;</li>
</ul>
Image: Shutterstock

Trump Wants To Kickstart Nuclear Development: These 5 Stocks Could Boom

With earnings season in full swing, let&#8217;s examine the performance of some major healthcare, utility, and financial services companies in Dan Loeb&#8216;s Third Point LLC portfolio that <a href="https://www.benzinga.com/earnings" target="_blank" rel="noreferrer noopener">reported earnings last week</a>.
Thermo Fisher Scientific Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TMO#NYSE">TMO</a>): Loeb acquired a stake in the company, attaining 350,000 shares <a target="_blank" href="https://www.benzinga.com/news/large-cap/25/02/43945075/dan-loeb-adjusts-healthcare-holdings-danaher-stake-trimmed-as-thermo-fisher-gains-favor" rel="noreferrer noopener">in the fourth quarter 2024</a>.
<ul>
<li>On April 23, the company reported&nbsp;first-quarter&nbsp;2025 adjusted earnings per share of&nbsp;$5.15,&nbsp;<a href="https://www.benzinga.com/calendars/earnings" target="_blank" rel="noreferrer noopener">beating the street view of&nbsp;$5.10</a>.</li>
<li>Quarterly sales of&nbsp;$10.36 billion, almost flat year over year, outpaced the analyst <a href="https://www.benzinga.com//node/44956678" target="_blank" rel="noreferrer noopener">consensus estimate of&nbsp;$10.23 billion</a>.</li>
<li>Thermo Fisher Scientific lowered 2025 adjusted EPS&nbsp;outlook from&nbsp;$23.10-$23.50&nbsp;to&nbsp;$21.76-$22.84&nbsp;vs. the consensus of&nbsp;$23.25 and revised sales&nbsp;guidance&nbsp;from&nbsp;$43.5 billion-$44 billion&nbsp;to&nbsp;$43.3 billion-$44.2 billion&nbsp;vs. consensus of&nbsp;$43.84 billion.</li>
<li>The company expects U.S.-China tariffs to hurt sales in China for products made in the U.S. This will reduce revenue by&nbsp;$400 million&nbsp;in 2025. These tariffs will also raise the cost of parts and <a href="https://www.benzinga.com//node/44966173" target="_blank" rel="noreferrer noopener">subassemblies sourced from China</a>.</li>
<li>After accounting for lower sales and higher costs—despite efforts to reduce the impact—the company expects adjusted operating income to take a&nbsp;$375 million&nbsp;hit compared to previous&nbsp;guidance.</li>
<li>Several analysts lowered the price <a href="https://www.benzinga.com/quote/TMO/analyst-ratings" target="_blank" rel="noreferrer noopener">forecast following the results</a>.</li>
<li>On April 24, the company said&nbsp;that it would invest an additional&nbsp;$2 billion&nbsp;in the <a href="https://www.benzinga.com//node/44995428" target="_blank" rel="noreferrer noopener">U.S. over&nbsp;the next four years</a>.</li>
<li>Year to date, Thermo Fisher fell about 21.03%, both underperforming the&nbsp;iShares U.S. Healthcare ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IYH#NYSE">IYH</a>), which declined about 2.36%&nbsp;over the same time frame.</li>
</ul>
Pacific Gas &amp; Electric Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PCG#NYSE">PCG</a>): The investor had cut the stake from 49.75 million shares in the&nbsp;third quarter&nbsp;of 2024 to 48.5 million in <a target="_blank" href="https://www.benzinga.com//node/44384767" rel="noreferrer noopener">the&nbsp;fourth quarter&nbsp;of 2024</a>.
<ul>
<li>On April 24, the company reported first-quarter adjusted EPS of 33&nbsp;cents, down from 37 cents in the prior-year quarter and missing the estimates of 35 cents. Sales&nbsp;of $5.98 billion came below the <a href="https://www.benzinga.com/pressreleases/25/04/n44973765/pg-e-corporation-reports-first-quarter-results-on-track-to-deliver-solid-2025-residential-electric" target="_blank" rel="noreferrer noopener">street view of&nbsp;$6.13 billion</a>.</li>
<li>The company reiterated 2025 guidance for adjusted EPS at $1.48-$1.52&nbsp;compared to consensus of $1.50.</li>
<li>The company showed confidence in its equity strength, which is &#8216;fully satisfied&#8217; to fund the five-year capital plan of&nbsp;$63 billion&nbsp;through 2028.</li>
<li>Guggenheim analyst Shahriar Pourreza maintained a Neutral and raised the price forecast from&nbsp;$16&nbsp;to&nbsp;$17. Evercore ISI Group analyst Michael Lonegan retained an In-Line rating and boosted the <a href="https://www.benzinga.com/quote/pcg/analyst-ratings" target="_blank" rel="noreferrer noopener">price forecast from&nbsp;$15&nbsp;to&nbsp;$17</a>.</li>
<li>The company&#8217;s shares dipped around&nbsp;15.88%&nbsp;so far in 2025 compared to&nbsp;VanEck Uranium and Nuclear ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NLR#NYSE">NLR</a>) decline of 11.27%.</li>
</ul>
Discover Financial Services (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DFS#NYSE">DFS</a>): Loeb had acquired 640,000 shares in the company<a target="_blank" href="https://www.benzinga.com/25/04/44698171/trumps-tariff-push-sends-financials-lower-loebs-portfolio-take-a-hit" rel="noreferrer noopener"> in the fourth quarter of 2024</a>.
<ul>
<li>On April 23, the company reported first-quarter EPS of&nbsp;$4.25, which beat the analyst consensus estimate of&nbsp;$3.39&nbsp;by&nbsp;25.37%. Revenue of $4.25 billion, exceeded the analyst<a href="https://www.benzinga.com//node/44967199" target="_blank" rel="noreferrer noopener"> consensus estimate of&nbsp;$4.22 billion</a>.</li>
<li>Provision for credit losses of&nbsp;$1.2 billion&nbsp;decreased&nbsp;$253 million&nbsp;from the prior year quarter, driven by a&nbsp;$190 million&nbsp;favorable reserve change and a&nbsp;$97 million&nbsp;decrease in net charge-offs.</li>
<li>The company confirmed that it expects the merger with&nbsp;Capital One Financial Corp.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COF#NYSE">COF</a>) to close on or about May 18, 2025.</li>
<li>TD Securities analyst Moshe Orenbuch maintained a Buy rating and slashed the price forecast from&nbsp;$188&nbsp;to&nbsp;$184, while Truist Securities analyst Brian Foran boosted the <a href="https://www.benzinga.com/quote/dfs/analyst-ratings" target="_blank" rel="noreferrer noopener">price forecast from&nbsp;$219&nbsp;to&nbsp;$229</a>.</li>
<li>The stock rose 4.98% compared to iShares Focused Value Factor ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FOVL#NYSE">FOVL</a>) decline of 5.67% YTD.</li>
</ul>
Read Next:
<ul>
<li><a href="https://www.benzinga.com/tech/25/04/44911125/dan-loebs-bet-on-taiwan-semiconductor-looks-strong-as-q1-results-top-expectations" target="_blank" rel="noreferrer noopener">Dan Loeb&#8217;s Bet On Taiwan Semiconductor Looks Strong As Q1 Results Top Expectations</a></li>
</ul>
Image: Shutterstock

Equities

FOVL

iShares Trust Dow Jones US Healthcare Sector Index Fund

Tariffs Bite Dan Loeb's Portfolio: Thermo Fisher Hit Hard, Discover Shines

In February, <a href="https://www.benzinga.com/topic/third-point">Third Point Investors</a> Limited's share price returned 1.2%, reflecting a narrowing of the discount to NAV from 22.3% to 19.6%.
Meanwhile, Third Point Investors Limited <a href="https://assets.thirdpointlimited.com/f/166217/x/e2eedff364/third-point-investors-limited-february-2025-monthly-report.pdf">returned </a>-2.3% on a NAV basis, underperforming the MSCI World Index (-0.7%) and the S&amp;P 500 Index (-1.3%) for the month. 
Three of Dan Loeb&#8216;s key holdings contributed to February&#8217;s underperformance:
Tesla, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) shares dropped around 40% compared to Vanguard Consumer Discretion ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VCR#NYSE">VCR</a>) decline of about 14% YTD.
Third Point LLC held 500,000 shares <a href="https://www.sec.gov/Archives/edgar/data/1040273/000108514625001713/xslForm13F_X02/infotable.xml" target="_blank" rel="noreferrer noopener">as </a>of the fourth quarter of 2024, an increase from 400,000 shares <a href="https://www.sec.gov/Archives/edgar/data/1040273/000108514624005927/xslForm13F_X02/infotable.xml" target="_blank" rel="noreferrer noopener">in </a>the third quarter of 2024.
Major events:
<ul>
<li>In January, Tesla reported fourth-quarter revenue of $25.71 billion, which missed a consensus of $27.26 billion and EPS of 73 cents, <a href="https://www.benzinga.com/news/earnings/25/01/43321103/tesla-q4-earnings-highlights-revenue-miss-eps-miss-ev-updates-automaker-says-2025-will-be-a-seminal" target="_blank" rel="noreferrer noopener">came below estimate of 76 cents</a>.</li>
<li>According to the Wall Street consensus, Tesla is expected to record 422,000 deliveries, up 9% year-on-year in March. However,&nbsp;Gene Munster, the managing partner at Deepwater Asset Management has highlighted in an X post that the &#8220;whisper number&#8221; stands at <a href="https://www.benzinga.com/25/03/44374442/tesla-investors-advised-to-fasten-their-seatbelts-as-this-analyst-expects-march-deliveries-to-take-a-hit-its-still-best-positioned-company-in-physical-ai" target="_blank" rel="noreferrer noopener">375,000, down 3% year-on-year</a>.</li>
<li>Mizuho analysts cut price forecasts from $515 to $430, citing weakening demand and revising delivery forecasts to 1.8 million and 2.3 million for 2025 and 2026, respectively. Analysts also noted significant underperformance in the <a href="https://www.benzinga.com/markets/equities/25/03/44368812/tesla-drops-nearly-5-as-mizuho-cuts-price-target-to-430-peter-schiff-asks-why-is-it-bad-news" target="_blank" rel="noreferrer noopener">U.S., China, and Europe last month</a>.</li>
</ul>
Amazon.com, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) stock has fallen 12% YTD compared to a decrease of 3.7% in ProShares Online Retail ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ONLN#NYSE">ONLN</a>).
Third Point LLC lowered its stake from 3.70 million shares in the third quarter of 2024. to 3.45 million shares in the fourth quarter of 2024.
Major events:
<ul>
<li>On Feb. 6, the company reported fourth-quarter net sales of $187.8 billion, up 10% year-over-year (Y/Y), which beat a Street consensus estimate of $187.3 billion. EPS of $1.86 also beat a&nbsp;<a href="https://www.benzinga.com/25/02/43545590/amazoncom-q4-earnings-highlights-revenue-beat-eps-beat-most-successful-holiday-shopping-season-in-company-history" target="_blank" rel="noreferrer noopener">consensus estimate of $1.48</a>.</li>
<li>RBC Capital analyst Brad Erickson raised the price forecast from $255 to $265 and said, "While the name is crowded and the AI ‘spend money to make money' debate will undoubtedly continue, the combo of AWS's high margin growth and further network cost efficiencies have the company poised to continue growing earnings <a href="https://www.benzinga.com/news/large-cap/25/02/43673006/dan-loebs-amazon-stake-moves-a-look-at-his-trading-shifts" target="_blank" rel="noreferrer noopener">at a level supportive of this valuation</a>." </li>
</ul>
Pacific Gas &amp; Electric Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PCG#NYSE">PCG</a>) shares dipped around 14% so far in 2025 compared to VanEck Uranium and Nuclear ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NLR#NYSE">NLR</a>) decline of 7.8%.
Loeb cut the stake from 49.75 million shares in the third quarter of 2024 to 48.5 million in the fourth quarter of 2024.
Major events:
<ul>
<li>In February, the company reported&nbsp;fourth-quarter&nbsp;results, with an adjusted EPS of&nbsp;$0.31, <a href="https://www.benzinga.com//node/43738960" target="_blank" rel="noreferrer noopener">which&nbsp;was in line with the consensus</a>.</li>
<li>PG&amp;E raised its 2025 adjusted EPS guidance to $1.48 – $1.52 from its previous estimate of $1.47 – $1.51,&nbsp;vs. the&nbsp;<a href="https://www.benzinga.com/calendars/guidance" target="_blank" rel="noreferrer noopener">consensus estimate of $1.49</a>.</li>
<li>The company targets a dividend payout ratio of around 20% of core earnings by 2028.</li>
<li>Morgan Stanley analyst Stephen Byrd downgraded PG&amp;E from Equal-Weight to Underweight and lowered the price <a href="https://www.benzinga.com/quote/PCG/analyst-ratings">forecast from&nbsp;$20&nbsp;to&nbsp;$16.5</a>.</li>
<li>The company stated that it is planning to support approximately 5.5 gigawatts (GW) of new data center energy&nbsp;<a href="https://www.benzinga.com/pressreleases/25/02/n43713032/pg-e-accelerating-connection-of-new-data-centers-throughout-northern-and-central-california" target="_blank" rel="noreferrer noopener">demand over the next decade</a>.&nbsp;</li>
</ul>
Read Next:
<ul>
<li><a href="https://www.benzinga.com/news/mid-cap/25/03/44261077/dan-loeb-pulls-the-plug-on-bath-body-works-stake-as-sales-decline" target="_blank" rel="noreferrer noopener">Dan Loeb Pulls Plug On Bath &amp; Body Works Stake As Sales Decline</a></li>
</ul>
Image created using artificial intelligence via Midjourney.

Hedge Funds

AMZN

ONLN

TSLA

Dan Loeb's Portfolio Feels The Strain As Tesla, Amazon, PG&E Lose Ground

Pacific Gas &amp; Electric Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PCG#NYSE">PCG</a>) shares are trading lower on Friday. On Thursday, the company reported fourth-quarter results, with an adjusted EPS of $0.31, which&nbsp;<a target="_blank" href="https://www.benzinga.com/pressreleases/25/02/n43687252/pg-e-corporation-delivers-on-guidance-for-full-year-2024-and-updates-2025-earnings-guidance" rel="noreferrer noopener">was in line with the consensus</a>.
PG&amp;E reported 2024 adjusted EPS of $1.36, up from $1.23 in 2023,&nbsp;aided by higher customer capital investment, as approved in the 2023 General Rate Case final decision, which earns an equity return&nbsp;<a target="_blank" href="https://www.benzinga.com/earnings" rel="noreferrer noopener">under the cost of capital proceeding</a>.
Operating cash flow stood at&nbsp;$8.0 billion&nbsp;in 2024, up from&nbsp;$4.7 billion&nbsp;in 2023.
In 2024, non-fuel operating and maintenance (O&amp;M) costs decreased by 4%, surpassing the 2% target. The company has saved over $200 million in non-fuel O&amp;M costs annually for the past three years.
In 2024, the company secured a $15 billion loan guarantee agreement with the U.S. Department of Energy&#8217;s Loan Programs Office to fund grid modernization projects, potentially saving customers up to $1 billion on a net present value basis through lower-cost financing.
Outlook: PG&amp;E raised its 2025 adjusted EPS guidance to $1.48 – $1.52 from its previous estimate of $1.47 – $1.51,&nbsp;vs. the <a target="_blank" href="https://www.benzinga.com/calendars/guidance" rel="noreferrer noopener">consensus estimate of $1.49</a>.
The company targets a dividend payout ratio of around 20% of core earnings by 2028.
PG&amp;E CEO&nbsp;Patti Poppe said, &#8220;In 2024, we continued progress in ways that matter to both customers and investors. We delivered energy safely—our system has never been safer, and we are working to make it even safer. We stabilized combined gas and electric bills for residential customers. And we connected more new customers to our grid than we have in decades.&#8221;&nbsp;
In a separate release, the company stated that it is planning to support approximately 5.5 gigawatts (GW) of new data center energy&nbsp;<a target="_blank" href="https://www.benzinga.com/pressreleases/25/02/n43713032/pg-e-accelerating-connection-of-new-data-centers-throughout-northern-and-central-california" rel="noreferrer noopener">demand over the next decade</a>.&nbsp;
Of this, 1.4 GW is in the final design phase and&nbsp;is expected&nbsp;to become operational between 2026 and 2030.
Investors can gain exposure to the stock via&nbsp;Listed Funds Trust TrueShares Eagle Global Renewable Energy Income ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RNWZ#NYSE">RNWZ</a>)&nbsp;and&nbsp;VanEck Uranium And Nuclear ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NLR#NYSE">NLR</a>).
Price Action: PCG shares are down 1.86% at $15.56 at the last check Friday.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/news/large-cap/25/02/43444040/dan-loebs-third-point-trims-amazon-microsoft-meta-as-tech-stocks-climb" target="_blank" rel="noreferrer noopener">Dan Loeb&#8217;s Third Point Trims Amazon, Microsoft, Meta As Tech Stocks Climb</a></li>
</ul>
Photo via Shutterstock.

Earnings

Guidance

RNWZ

Pacific Gas & Electric Holds The Line On Q4 EPS Amid Grid Modernization Push: Details

Pacific Gas &amp; Electric Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PCG#NYSE">PCG</a>) stock has recently faced volatility amid shifting investor sentiment <a href="https://www.benzinga.com/topic/utilities">and market dynamics.</a>
Activist investor Dan Loeb&#8216;s hedge fund, Third Point, held 49.7 million shares in utility company Pacific Gas &amp; Electric Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PCG#NYSE">PCG</a>) as of Sept. 30, 2024, making it the fund&#8217;s largest <a href="https://www.benzinga.com/news/large-cap/25/01/42788070/hedge-fund-giant-dan-loebs-pge-bet-beats-market">holding at the time.</a>
On Jan. 13, 2025, BMO Capital analyst James M. Thalacker initiated coverage on the company with an Outperform and<a href="https://www.benzinga.com/quote/pcg/analyst-ratings" target="_blank" rel="noreferrer noopener"> a price target of $21</a>.
The analyst writes that he views PCG shares as a core holding in the regulated utility sector, offering investors a rare combination of deep value and premium, visible growth potential.
Thalacker&#8217;s five-year forecast (2024-2028) projects EPS growth of around 9.2% and rate base growth of about 10%, aligning with the company's long-term EPS target of at least 9%.
Also, on Dec. 17, JPMorgan analysts Jeremy Tonet and Richard W. Sunderland stated that they believe PG&amp;E's wildfire mitigation investments, data center pipeline and re-rating potential <a href="https://www.benzinga.com/news/large-cap/25/01/42788070/hedge-fund-giant-dan-loebs-pge-bet-beats-market" target="_blank" rel="noreferrer noopener">could drive substantial gains</a>. 
Notably, last month, the Department of Energy disclosed plans to provide Pacific Gas &amp; Electric with a record $15 billion loan guarantee to strengthen its electrical grid and support climate resiliency initiatives.
If finalized, the loan guarantee for PG&amp;E&#8217;s Project Polaris will support hydropower, battery storage, transmission upgrades, and virtual power plants across its service area.
The Energy Department said that these infrastructure investments will enable PG&amp;E to address projected load growth, enhance electric reliability, <a target="_blank" href="https://www.energy.gov/lpo/articles/lpo-announces-conditional-commitment-pacific-gas-electric-company-expand-hydropower" rel="noreferrer noopener">and</a> lower costs for consumers throughout California.
Earlier, during its third-quarter earnings call, PCG raised its five-year capital investment plan by $1 billion, bringing the total to $63 billion for <a target="_blank" href="https://www.benzinga.com/pressreleases/24/11/n41800512/pg-e-corporation-reports-strong-third-quarter-results-strengthens-2024-guidance-initiates-2025-gui" rel="noreferrer noopener">the 2024-2028 period</a>.
The company also reaffirmed its equity issuance guidance <a href="https://www.benzinga.com/calendars/guidance">of $3 billion for 2025-2028</a>.
The company expects to release its fourth-quarter earnings <a target="_blank" href="https://www.benzinga.com/earnings" rel="noreferrer noopener">results in February 2025</a>.
Investors can gain exposure to the stock via VanEck Uranium and Nuclear ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NLR#NYSE">NLR</a>) and Themes ETF Trust Themes Uranium &amp; Nuclear ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/URAN#BATS">URAN</a>).
Price Action: PCG shares are up 4.71% at $17 at last check Wednesday.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/25/01/42983439/la-braces-for-another-extreme-fire-weather-scenario-multiple-lawsuits-filed-against-edison-over-eaton-fire-damages" target="_blank" rel="noreferrer noopener">LA Braces For More &#8216;Extreme Fire Weather,&#8217; Multiple Lawsuits Filed Against Edison Over Eaton Fire Damages</a></li>
</ul>
Photo: Shutterstock

Initiation

Themes ETF Trust Themes Uranium & Nuclear ETF

URAN

Dan Loeb's PG&E Play: Growth, Resilience, And $63 Billion Investments

Nuclear energy stocks and ETFs have come to the fore as ARK Invest&#8217;s founder Cathie Wood <a href="https://www.ark-invest.com/articles/analyst-research/nuclear-energy-could-contribute-meaningfully-to-securing-net-zero-emissions">reshared the firm&#8217;s study </a>on how regulatory hurdles and anti-nuclear sentiment have caused cost overruns and rendered nuclear energy less cost-competitive than natural gas today.
This comes as Tesla Inc. and SpaceX CEO Elon Musk is all set to co-lead the Department of Government Efficiency (DOGE) along with Republican politician Vivek Ramaswamy. As the task force promises to dismantle bureaucracy, reduce regulations, and cut wasteful expenditures, ARKinvest tried to redirect DOGE&#8217;s official page on X (formerly Twitter) to focus on the regulatory hurdles that nuclear energy as a sector has faced in the last 20 years.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Resurfacing this chart amid all the <a href="https://twitter.com/DOGE?ref_src=twsrc%5Etfw">@DOGE</a> talk. U.S. nuclear construction costs declined in accordance with Wright's Law before being derailed by regulatory changes in the 1970s&#8230; Blog and sources: <a href="https://t.co/S2o84BkdA3">https://t.co/S2o84BkdA3</a> <a href="https://t.co/kES3g5Ph80">https://t.co/kES3g5Ph80</a> <a href="https://t.co/VBb6puiP5R">pic.twitter.com/VBb6puiP5R</a>
&mdash; Daniel Maguire (@DMaguireARK) <a href="https://twitter.com/DMaguireARK/status/1857163799037448601?ref_src=twsrc%5Etfw">November 14, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
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What Happened: &#8220;The International Energy Agency has identified nuclear energy as vital to achieving net zero emissions by 2050, yet nuclear power in the United States has stagnated at ~20% of the energy mix since the Chernobyl disaster in 1986,&#8221; said an ARKInvest note based on data from IEA as of October 2023.
In addition to its cost-effectiveness, nuclear power provides a reliable, continuous, and carbon-free supply of energy. These are important now since an explosion in demand for artificial intelligence is taxing the electricity consumption of data centers.
Also read: <a href="https://www.benzinga.com/politics/24/11/41962372/trumps-doge-with-musk-at-the-helm-riddled-with-conflicts-of-interest-says-clinton-era-official-robert-reich">Trump&#8217;s DOGE With Musk At The Helm &#8216;Riddled With Conflicts Of Interest&#8217; Says, Clinton-Era Official Robert Reich</a>
Daniel Maguire, research associate at ARKInvest stated in his report dated April 2024 that stringent regulatory changes and anti-nuclear sentiment have stunted the build-out of nuclear capacity and caused cost overruns in developing US nuclear plants.
Regulatory changes in the mid-to-late seventies, including the establishment of the Nuclear Regulatory Commission and the Energy Research and Development Administration, introduced stricter licensing measures, increasing costs significantly. Without such stringent regulations, ARKInvest&#8217;s research suggests that lower cost trajectories could have saved the US about $345 billion, or ~72% of the total.
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="754" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/18014702/Nuclear-plan-costs-1024x754.png" alt="" class="wp-image-652244" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/18014702/Nuclear-plan-costs-1024x754.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/18014702/Nuclear-plan-costs-300x221.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/18014702/Nuclear-plan-costs-768x566.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/18014702/Nuclear-plan-costs.png 1466w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
Why It Matters: With the introduction of the U.S. Advanced Reactor Demonstration Project and other emerging government support programs, nuclear cost overruns should reverse course as countries look for robust clean energy solutions to meet their net carbon emissions reduction commitments.
Maguire&#8217;s tweet shared by Wood, tagged the Department of Government Efficiency, to bring this to light. The department is scheduled to complete its work by July 4, 2026, coinciding with America's 250th independence anniversary. Focus on this area could help spur activity in the nuclear energy sector by developing clean, carbon-free energy production avenues at lower costs.
Also read: <a href="https://www.benzinga.com/government/regulations/24/11/42006530/tesla-ceo-and-doge-co-lead-elon-musk-says-excess-government-spending-causes-inflation-heres-what-experts-say">Tesla CEO And DOGE Co-Lead Elon Musk Says &#8216;Excess Government Spending&#8217; Causes Inflation: Here&#8217;s What Experts Say</a>
Price Action: Despite long-running regulatory hurdles and higher costs, nuclear energy stocks have performed well on a year-to-date basis. Oklo Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OKLO#NYSE">OKLO</a>), Cameco Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CCJ#NYSE">CCJ</a>), Centrus Energy Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LEU#NYSE">LEU</a>), NuScale Power Corp (SMR) and VanEck Uranium and Nuclear ETF (ACRA: NLR) have all outperformed NYSE composite on a year-to-date basis, which only rose by 16.65%.
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="775" height="289" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/18014729/stock-list.png" alt="" class="wp-image-652245" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/18014729/stock-list.png 775w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/18014729/stock-list-300x112.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/18014729/stock-list-768x286.png 768w" sizes="(max-width: 775px) 100vw, 775px" /></figure>
The five-year charts as per <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>, show that Centrus Energy Corp shares have been volatile, whereas NuScale Power Corp has achieved consistent returns.
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="271" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/18014753/nuclear-stocks-1024x271.png" alt="" class="wp-image-652246" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/18014753/nuclear-stocks-1024x271.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/18014753/nuclear-stocks-300x79.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/18014753/nuclear-stocks-768x203.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/18014753/nuclear-stocks-1536x406.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/18014753/nuclear-stocks.png 1741w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
Read next: <a href="https://www.benzinga.com/markets/24/11/42017638/activist-hedge-fund-valueact-boosts-meta-stake-with-121m-bet-but-ceo-morfit-supports-mark-zuckerberg">Activist Hedge Fund ValueAct Boosts Meta Stake With $121M Bet, But CEO Morfit Supports Mark Zuckerberg&#8217;s AI Vision: Here&#8217;s What Investors Should Know</a>
Image Via Shutterstock

Markets

General

TLSA

Cathie Wood Redirects Elon Musk's DOGE Focus Toward Nuclear Energy Amid Regulatory Challenges: Here's How Oklo, Cameco, Centrus Energy And Other Stocks Performed

In a major step toward securing Virginia's reliable energy future, Appalachian Power announces plans to bring Small Modular Reactors (SMRs) to Virginia. Appalachian Power representatives identified a potential site for an SMR project on company-owned Joshua Falls property in Campbell County, Virginia, and plan to begin the Early Site Permit Application process. This site provides access to existing electrical infrastructure that is necessary for a generation project. The site includes a 765 kilovolt substation and nearby roadways can support moving the necessary equipment onsite.
This is a significant milestone in the company's efforts to provide reliable and clean energy to its customers. SMR technology offers tremendous potential to provide safe, reliable and clean energy 24 hours a day, 365 days a year. The relatively small footprint allows SMRs to be constructed in areas that were not previously feasible for nuclear energy generation. SMR sites can also be scaled to match the energy needs of the state. A single SMR can generate up to 500 megawatts (MW) of clean energy.

BWXT

Appalachian Power Explores Small Modular Reactors To Meet Future Energy Demand In Virginia

Nuclear stocks are trading lower across the board on Monday after regulators rejected Talen Energy Corp&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TLN#NASDAQ">TLN</a>) plans to increase power for an Amazon.com Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) <a href="https://www.benzinga.com/pressreleases/24/11/g41704326/talen-energy-statement-on-ferc-order-rejecting-susquehanna-isa">data center</a>. 
What Happened: The Federal Energy Regulatory Commission (FERC) on Friday rejected Talen Energy&#8217;s request to increase how much power its Susquehanna nuclear plant in Pennsylvania can provide to Amazon Web Services.
According to a CNBC <a href="https://www.cnbc.com/2024/11/04/tech-partnerships-with-power-companies-for-ai-in-doubt-after-ferc-order.html">report</a>, Talen Energy sold a data center campus to Amazon in March for $650 million. The company had filed a request to increase the power dispatched to the facility from 300 megawatts to 480 megawatts, but FERC shot it down, saying the arrangement could have &#8220;huge ramifications&#8221; on grid reliability and consumer costs. 
Talen issued a statement in response to the order rejecting its amended plans, saying it believes FERC &#8220;erred&#8221; in its decision. The company noted that it&#8217;s evaluating its options with a focus on commercial solutions. 
&#8220;We believe this ISA amendment is just and reasonable and in the best interest of consumers. FERC&#8217;s decision will have a chilling effect on economic development in states such as Pennsylvania, Ohio, and New Jersey,&#8221; the company said in the statement.
Talen noted that the existing agreement allows for 300 MW of co-located load at Susquehanna. Despite the rejected amendment, Talen said it can still proceed with development of the first phases of the Amazon Web Services data center campus using the 300 MW while it continues to pursue approval of an amended agreement. 
See Also: <a href="https://www.benzinga.com/news/24/11/41703497/iran-flexes-nuclear-muscle-threatens-us-with-tooth-breaking-retaliation">Iran Flexes Nuclear Muscle, Threatens US With &#8216;Tooth-Breaking&#8217; Retaliation</a>
Several nuclear stocks are falling Monday after rallying over the past month. Constellation Energy Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CEG#NASDAQ">CEG</a>) and Vistra Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VST#NYSE">VST</a>) were down 10.5% and 2.2%, respectively, in sympathy with Talen.
Oklo Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OKLO#NYSE">OKLO</a>), which is chaired by OpenAI&#8217;s Sam Altman, has been one of the most popular nuclear plays in recent weeks. It was down 6.65% at $20.22 at the time of writing. 
Other small modular reactor (SMR) companies like NuScale Power Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SMR#NYSE">SMR</a>) and Nano Nuclear Energy Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NNE#NASDAQ">NNE</a>), were also trading lower, down 2.5% and 10.2%, respectively. 
Nuclear fuel names have also seen increased attention in recent weeks. Shares of uranium fuel producer Cameco Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CCJ#NYSE">CCJ</a>) were down more than 2% at the time of writing. Shares of Lightbridge Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LTBR#NASDAQ">LTBR</a>), a nuclear fuel technology company, were down 1.93% at last check. 
Shares of ASP Isotopes Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASPI#NASDAQ">ASPI</a>), which signed a deal with Bill Gates-backed <a href="https://www.benzinga.com/news/24/10/41624818/asp-isotopes-stock-is-soaring-wednesday-whats-going-on">TerraPower</a> last week and has seen increased attention across social platforms in recent weeks, were down about 14% at the time of writing. 
The VanEck Uranium And Nuclear ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NLR#NYSE">NLR</a>) was down 3.22% and the Global X Uranium ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/URA#NYSE">URA</a>) was down 2.37% in afternoon trading Monday.
Despite Monday&#8217;s pullback, nuclear stocks are still up significantly over the past month driven by an increased focus on nuclear from hyperscalers aiming to keep up with the rising energy demands of data centers related to the AI boom.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/news/earnings/24/11/41719271/constellation-energy-q3-earnings-beat-revised-fy24-eps-guidance-more">Constellation Energy Q3: Earnings Beat, Revised FY24 EPS Guidance &amp; More</a></li>
</ul>
Photo: Shutterstock.

ASPI

LTBR

Nuclear Stocks Are Tumbling Monday: What's Going On?

The European Nuclear Alliance has called upon the European Commission to<a href="https://europeancapitalinsights.substack.com/p/european-alliance-wants-eu-to-reconsider?r=3nmatg"> consider nuclear energy as "essential contributors"</a> to decarbonization pathways in Europe.
"We strongly encourage the upcoming college of Commissioners to deliver a paradigm shift in our energy policy," the alliance said at the Energy Council meeting held in Luxembourg on October 15. The commission should <a href="https://x.com/AnnaHbrt/status/1846189053479116986">recognize the role of nuclear energy</a>, alongside renewables, "for the future of our integrated energy system," it added.&nbsp;
The alliance comprises 12 members, including Bulgaria, Croatia, Czech Republic, Finland, France, Hungary, Netherlands, Poland, Romania, Slovakia, Slovenia, and Sweden.
However, some experts have argued for a faster deployment of cleaner alternatives. They cite the environmental risks associated with nuclear energy and the disposing of reactor waste.
European Union (EU) states, like Germany and Spain, have pushed to keep <a href="https://www.reuters.com/business/energy/germany-spain-push-keep-nuclear-out-eu-renewable-energy-goals-2023-03-16/">nuclear out of EU renewable energy goals</a>. They have warned that taking into account low-carbon energy would slow down the deployment of renewables.
"Without such energies, there is no path for the EU to provide to its citizens affordable, reliable and abundant low-carbon energy," the alliance said.
The EU must also compete against a U.S. and China. The world&#8217;s two biggest economies plan to construct several new conventional and small modular reactors.&nbsp;
<figure class="wp-block-image is-resized"><img decoding="async" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXcYJ4rC4mqbZW-6S8lijDVhgaboPFnXgcvuGkLH-LmPtXXjrhAOtFsTkfbGSM-fhMKHIb1B9LaLE8EmvxHN9MJtv6qHrnEIGT8Pl_G9Nvmm2WFxnd-gQNY3ZvtzHO05u8ssbrAjeeTpKLkRYU98Nxi1T1-s?key=MNgSGDrlyLmdeNmbTfZz1g" alt="" style="width:624px" /></figure>
Source: World Nuclear Association, <a href="https://world-nuclear.org/images/articles/World-Nuclear-Performance-Report-2024.pdf">Reactors Under Construction by Region</a> (1950-2030)
<h3 class="wp-block-heading">Nuclear Power Could Satisfy Demand For AI, Data Centers</h3>
With <a href="https://www.benzinga.com/24/10/41314761/openai-eyes-ai-expansion-in-europe-after-raising-6-6-billion#:~:text=California%2Dbased%20company%20OpenAI%20will,Sam%20Altman%20into%20international%20markets">demand</a> from data centers and artificial intelligence (AI) increasing the need for electricity generation, big tech is jumping into the nuclear option.&nbsp;
US-based tech giants Amazon (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) and Google (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) announced their <a href="https://www.benzinga.com/news/24/10/41358363/nuclear-stocks-soar-as-amazon-becomes-latest-tech-giant-to-invest-in-nuclear-power">investment in small modular reactors</a> (SMR) on October 16. Amazon's cloud computing subsidiary, AWS, c<a href="https://www.nasdaq.com/articles/amazon-eyes-nuclear-energy-future-two-new-smr-project-partnerships">ommitted more than $500 million</a> in a partnership with Virginia's utility company, Dominion Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/D#NYSE">D</a>).
Last month, Constellation Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CEG#NASDAQ">CEG</a>) announced plans to reopen the Three Mile Island nuclear power plant under a 20-year agreement with Microsoft (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>). The tech giant aims to supply its data centers with carbon-free energy. 
The Pennsylvania plant was the site of the U.S.' worst commercial nuclear power accident in 1979, with a partial meltdown that destroyed one of two reactors.
<h3 class="wp-block-heading">Biden Administration Pushes For Nuclear Power</h3>
The Constellation-Microsoft agreement comes amid a push by the Biden administration to <a href="https://apnews.com/article/georgia-nuclear-plant-energy-secretary-granholm-05a6e2444a8b5a9e9c7c61b111b87192">reconsider using nuclear power</a> to limit greenhouse gas emissions from the power sector. In 2023 alone, <a href="https://world-nuclear.org/information-library/current-and-future-generation/nuclear-power-in-the-world-today">nuclear plants generated 2602 TWh of electricity</a>, with around a third, 772.2 TWh, attributed to the U.S.
The push for nuclear is having a positive impact on ETFs and companies operating in this emerging space.&nbsp;
The VanEck Uranium and Nuclear ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NLR#NYSE">NLR</a>), which comprises miners, industrial companies that make reactor components and industrial exposure to nuclear, has returned approximately 20% in the last month. Oklo (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OKLO#NYSE">OKLO</a>), Sam Altman's start-up, has surged around 240% in the same period. 
<figure class="wp-block-image is-resized"><img decoding="async" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXezA44TKD4PjubvrJBwB_Ez99V_-7sv7SXbP-oX2K-nra6DA9tNjXE7U7550xe-lL0wuEPSud4XJtRax86PAOWak_7Q56OWT3s9eM5EGzkMEDwBl4FilemwIhk7kvOuPUTY9RRrSzvsfWLqCWefRGcCyLEK?key=MNgSGDrlyLmdeNmbTfZz1g" alt="" style="width:624px" /></figure>
Source: <a href="https://www.benzinga.com/quote/OKLO">Benzinga</a>, Oklo Stock Price (30-day)
<h3 class="wp-block-heading">European Investments In Nuclear Power</h3>
Following Russia's invasion of Ukraine in 2022, Europe's need to invest in nuclear energy has accelerated, according to a survey published in December 2022. The Flash Eurobarometer 514 survey showed that 58% of EU respondents believed <a href="https://europa.eu/eurobarometer/surveys/detail/2912">member states should invest in nuclear</a>.&nbsp;
As the demand for low-carbon energy surges, Europe is investing heavily in nuclear energy. However, the UK and France are in the lead.&nbsp;
The UK announced a "major <a href="https://world-nuclear.org/information-library/country-profiles/countries-t-z/united-kingdom#:~:text=The%20UK%20generates%20about%2015,6.5%20GW%20of%20nuclear%20capacity">acceleration of homegrown power</a>" to "boost long-term energy independence, security and prosperity." In the <a href="https://world-nuclear.org/information-library/country-profiles/countries-t-z/united-kingdom#:~:text=The%20UK%20generates%20about%2015,6.5%20GW%20of%20nuclear%20capacity">UK, reactors generate about 15% of electricity</a> at 6.5 GW. The government plans to increase this usage to 25% or up to 24GW by 2050.
In France, 70% of electricity already comes from nuclear energy. In 2023, the <a href="https://world-nuclear.org/information-library/country-profiles/countries-a-f/france">French government abandoned plans to reduce nuclear</a> energy. It instead is focusing on building six new reactors.&nbsp;
<figure class="wp-block-image is-resized"><img decoding="async" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXcRODF1hbt-xf9nrOq2d95TqhTO5iOMYV3XB9P_sNWQWUFTXpgMauV3uBeRszGrJ13H41H66qRXBNq62AzL5-kx_o1NVgKRuWwaZKDON6udlkJuEPXAi3O6-MWZVD511JmNF-Pc61G9s5oC9OlxS2HHL1J-?key=MNgSGDrlyLmdeNmbTfZz1g" alt="" style="width:624px" /></figure>
Nuclear Power Plants in France, Source: <a href="https://world-nuclear.org/information-library/country-profiles/countries-a-f/france">World Nuclear Association</a>&nbsp;
Hungary, the Czech Republic, and Poland are also investing in new nuclear projects.
<h3 class="wp-block-heading">Nuclear Power Investment Uncertainty</h3>
The EU's plans to dramatically increase nuclear power could face financing challenges.&nbsp;
Finance Watch about a substantial funding gap. It pointed to <a href="https://www.finance-watch.org/wp-content/uploads/2024/07/Europes-coming-investment-crisis.pdf">high levels of EU deb</a>t, fiscal constraints, and uncertainties surrounding the future structure of the electricity market.&nbsp;
<figure class="wp-block-image is-resized"><img decoding="async" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXd7Wx8x6vYkVmn-6y10KkMyuFrP2bZtCxkIsUYky3e_o_ROW7DMEL-MfDCpUNiJaxh7B3q7CRWHBVImYGltJm-n1r_An03n8Q-NRnYnLAb624Np2Kz62VjzaxeWhFMejwAvVDv7vbwLAztyFvEkPWuUFfw?key=MNgSGDrlyLmdeNmbTfZz1g" alt="" style="width:624px" /></figure>
EU Climate-Financing Gap, Source: <a href="https://www.bloomberg.com/news/articles/2024-07-17/nuclear-power-investment-gap-threatens-eu-climate-goals-amid-funding-uncertainty">Bloomberg</a>&nbsp;
With the funding gap, the EU nuclear industry could only meet its target of <a href="https://www.nucleareurope.eu/downloads/manifesto/?wpdmdl=53260&amp;refresh=6697a387ae8371721213831">increasing energy capacity by 50%</a>. Nuclear energy accounts for almost one-quarter of the electricity produced in the EU and 50% of the low-carbon electricity.
Disclaimer
Any opinions expressed in this article are not to be considered investment advice and are solely those of the authors. European Capital Insights is not responsible for any financial decisions made based on the contents of this article. Readers may use this article for information and educational purposes only.
This article is from an unpaid external contributor. It does not represent Benzinga&#8217;s reporting and has not been edited for content&nbsp;or&nbsp;accuracy.

Eurozone

GOOGL

MSFT

European Alliance Calls On EU To Reconsider Nuclear Power Policies

A decommissioned nuclear power plant in Michigan is being brought back to life.
Pushed by a growing need for carbon-free energy, the Palisades nuclear power plant will be the first in the U.S. to be recommissioned after shutting down.
The Palisades plant was built in the late 1960s and began running in 1973. It was purchased in 2006 by Louisiana-based electricity producer Entergy Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ETR#NYSE">ETR</a>), which ran it until 2022.
Although the plant had a license extension that allowed it to be active until 2031, Entergy chose to shut it down, citing the high costs associated with running a nuclear power plant.
The plant was sold to nuclear equipment provider Holtec International, which was in charge of taking the plant out of commission.
In 2022, Holtec announced plans to re-open the facility, something that has never been done before in the U.S.
This year, the U.S. Department of Energy announced a commitment of $1.52 billion in loans to finance the restoration and resumption of service of the plant in the hands of Holtec.
According to a WSJ <a href="https://www.wsj.com/business/energy-oil/biden-nuclear-power-plant-loan-michigan-eee64904?mod=hp_lead_pos7">report</a>, the company is now working on restoring the facility to modern-day standards. The plant will be back online by October 2025, according to the company's plans.
<h3 class="wp-block-heading">Nuclear Gets Revamped&nbsp;</h3>
A growing need for electricity is behind the renewed interest in nuclear energy.
In a recent interview with Elon Musk, former President Donald Trump <a href="https://www.benzinga.com/news/24/08/40329545/trump-left-shocked-by-power-hungry-ai-tells-elon-musk-requires-twice-the-energy-that-the-country-alr">expressed shock at the amount of electricity required</a> to fuel artificial intelligence systems.
The AI revolution is<a href="https://www.benzinga.com/markets/equities/24/06/39489296/as-the-ai-race-rages-on-depletion-of-energy-and-water-resources-poses-a-new-threat"> doubling demand for data center power</a> and will eventually consume <a href="https://www.benzinga.com/markets/asia/24/04/38163078/ai-could-consume-25-of-us-power-by-2030-the-more-information-they-gather-the-more-power-it-takes-war">25% of all U.S. power </a>by 2030, according to Arm Holdings PLC &#8211; ADR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARM#NASDAQ">ARM</a>) CEO Rene Haas.
<a href="https://www.goldmansachs.com/insights/articles/AI-poised-to-drive-160-increase-in-power-demand">According</a> to Goldman Sachs, data centers will use 8% of U.S. power by 2030, up from 3% in 2022.
Former Microsoft CEO Bill Gates recently said to <a href="https://www.benzinga.com/news/24/06/39543587/bill-gates-dismisses-concerns-that-big-techs-investment-in-power-hungry-ai-says-it-will-ultimately-o">"not go overboard" with panic over energy-hungry AI systems</a>, as investment from Big Tech companies into clean energy might help boost the shift toward green energy production.
Read Also: <a href="https://www.benzinga.com//node/40409572">Nvidia AI Dominance Challenged By Asian Startups Betting On Energy-Efficient And Cost-Effective Silicon — &#8216;Inference&#8217; And &#8216;Training&#8217; Chips Emerge As Key Focus</a>
The Biden administration has placed a high bet on the ability of nuclear power to free the country from its dependency on fossil fuels to produce energy.&nbsp;
Fossil fuels account for 60% of U.S. electricity production, according to the Energy information Administration.
The Biden White House has set the goal of having a zero-emission power grid by 2035 and has included several tax credits and other incentives for nuclear within the <a href="https://www.benzinga.com/topic/inflation-reduction-act">Inflation Reduction Act of 2022</a>.
The government recently set-up <a href="https://www.benzinga.com/government/24/06/39553699/us-to-invest-2-7b-in-domestic-uranium-cutting-reliance-on-russia">a $2.7-billion investment in U.S.-made uranium</a> to decrease dependency on Russian imports.
Interest in nuclear power dropped as fracking practices opened the floodgates for cheap natural gas, which lowered the cost of burning gas to produce electricity.
Isolated nuclear plant accidents helped strengthen public rejection of the technology. These include the meltdown of the Three Mile Island reactor in 1979, the Chernobyl disaster in 1986 in Ukraine and the Fukushima accident in Japan in 2011.
High construction costs and continuing concerns regarding the storage of nuclear waste continued to weigh against the development of new nuclear energy projects in recent decades.
<h3 class="wp-block-heading">New Projects Come Online</h3>
The nuclear sector might be getting a new push. A Pew Research Center <a href="https://www.pewresearch.org/short-reads/2024/08/05/majority-of-americans-support-more-nuclear-power-in-the-country/">survey</a> from May of this year found that support for nuclear power in the U.S. has grown consistently throughout the last 10 years. 
Today, 56% of U.S. adults support the development of nuclear energy projects.
The U.S. has 94 active nuclear reactors, down from a peak of 111 in the late 1990s. These exist in 54 nuclear power plants in 28 states.
The two newest reactors launched commercial operations in 2023 and 2024 at the Alvin W. Vogtle Electric Generating Plant in Georgia. They're operated by Southern Nuclear, a subsidiary of Southern Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SO#NYSE">SO</a>).
The two reactors cost $35 billion to build, <a href="https://www.eenews.net/articles/after-vogtle-whats-next-for-nuclear/">according</a> to E&amp;E News.
Some companies working on advanced reactor designs are looking to obtain licenses from the Nuclear Regulatory Commission to build new reactors.
Nuscale Power Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SMR#NYSE">SMR</a>), a company developing small modular reactors, canceled its project to build a six-reactor, 462-megawatt plant in Utah in 2023 after several municipalities pulled out due to high construction costs, Reuters reported.
The company is expecting to deploy two dozen small modular reactors for plants in Ohio and Pennsylvania, per E&amp;E News.
Other companies are developing new projects that still need demonstrations to become mainstream technology.
Kairos Power is developing a test reactor in Oak Ridge, Tennessee to test its fluoride salt-cooled, high temperature reactor technology. The company has received a $303-million pledge from the Department of Energy to complete this project.
Earlier this month, TerraPower, a company founded by Bill Gates, <a href="https://www.benzinga.com/news/24/06/39263769/bill-gates-terrapower-ventures-into-advanced-nuclear-plant-construction-aiming-to-combat-climate-cri">started building its first advanced reactor in Wyoming</a>, which, like Kairos', doesn't use water for cooling.
ETFs To Watch
<ul>
<li>The VanEck Uranium and Nuclear Energy ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NLR#NYSE">NLR</a>) which follows the nuclear power sector, gained 0.21% Tuesday and is up 2.4% in the last five trading days.</li>
</ul>
<ul>
<li>Global X Uranium ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/URA#NYSE">URA</a>), following the global uranium market, is up 4.3% in the last five trading days.</li>
</ul>
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/equities/24/07/39755062/nano-nuclears-18m-upsized-offering-eyes-funding-for-advanced-micro-nuclear-reactor-designs">Nano Nuclear&#8217;s $18M Upsized Offering: Eyes Funding for Advanced Micro Nuclear Reactor Designs</a></li>
</ul>
Palisades Nuclear Plant photo via Nuclear Regulatory Commission.

Power-Hungry AI Revives Interest In Nuclear Energy: Michigan To Reopen Closed Plant For First Time In History

Uranium explorers are calling on Western Australian authorities to lift the ban on uranium mining to capitalize on rising global demand and prices. Australia holds nearly a third of the world's known uranium reserves, yet only two out of its eight states and territories, South Australia and the Northern Territory, permit <a target="_blank" href="https://www.benzinga.com/topic/mining" rel="noreferrer noopener">mining</a>.
Uranium prices have surged, driven by the global shift toward nuclear energy as part of the energy transition. This rise in demand is essential for meeting decarbonization goals, with many countries planning to increase their nuclear energy capacity significantly.
Still, Australia has only two operating projects, producing a fraction of its capabilities and potentially missing export opportunities.
"The bans in some states like Western Australia, which is known for its mining history, are nonsensical and leave the nation at risk of missing out on soaring global demand. The time is now to remove these bans — there's a real economic cost to not doing it, "Jonathan Fisher, CEO of Cauldron Energy (OTCPK: CAULF), a uranium explorer, said <a target="_blank" href="https://www.bloomberg.com/news/articles/2024-08-05/uranium-miners-say-australia-to-miss-out-on-boom-in-nuclear-fuel" rel="noreferrer noopener">for</a> Bloomberg.
Now read: <a target="_blank" href="https://www.benzinga.com/news/24/07/40044763/uranium-prices-surge-to-16-year-highs-due-to-supply-uncertainties-rising-demand-for-ai-data-centers" rel="noreferrer noopener">Uranium Prices Surge To 16-Year Highs Due To Supply Uncertainties, Rising Demand For AI Data Centers</a>
In addition to environmental concerns, Australia has a complex cultural heritage situation, as evidenced by the recent ban on mining at the Jabiluka site.
Discovered in the early 1970s, this high-grade uranium deposit has been at the center of legal and cultural disputes between Indigenous custodians and mining companies. The government recently <a target="_blank" href="https://www.minister.industry.gov.au/ministers/king/media-releases/work-begins-add-jabiluka-site-kakadu-national-park" rel="noreferrer noopener">extended</a> the Kakadu National Park to include Jabiluka, prohibiting further mining activities.
Despite environmental concerns lingering from past incidents like the Chornobyl and Fukushima disasters and the ongoing cleanup from toxic leaks at the Ranger project in the Northern Territory, the industry argues that modern regulations and technologies can mitigate such risks.
The country's two operating uranium mines, BHP Group's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BHP#NYSE">BHP</a>) Olympic Dam and Boss Energy's (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BQSSF#OTC">BQSSF</a>) Honeymoon project, contribute around 9% of the world's uranium supply.
The rising uranium prices, currently above $80 per pound, show the potential economic benefits of lifting the ban.
"Country after country has declared renewables aren't going to achieve their targets, and that nuclear will be a big component to reach net zero," said John Borshoff, CEO of uranium explorer Deep Yellow (OTC:<a class="ticker" href="https://www.benzinga.com/stock/DYLLF#OTC">DYLLF</a>) which has the Mulga Rock project in Western Australia.
The Chamber of Commerce and Industry of Western Australia (CCIWA) supports lifting the ban. Earlier this year, they published a <a target="_blank" href="https://cciwa.com/business-pulse/uranium-mining-worth-1b-and-9000-jobs-cciwa-report/" rel="noreferrer noopener">study</a> estimating that lifting the ban could generate $1 billion and create 9,000 jobs.
Also read:
<ul>
<li><a href="https://www.benzinga.com/government/24/08/40163564/deep-sea-mining-hits-breaks-as-carvalho-takes-isa-leadership" target="_blank" rel="noreferrer noopener">Deep Sea Mining Hits Breaks As Carvalho Takes ISA Leadership</a></li>
</ul>
Benzinga Mining is the bridge between mining companies and retail investors. Reach out to <a href="mailto:licensing@benzinga.com" target="_blank" rel="noreferrer noopener">licensing@benzinga.com</a> to get started!
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Commodities

BQSSF

CAULF

DYLLF

URNM

Uranium Explorers Call For Lifting Mining Ban In Western Australia, Target $1B In Exports

PG&amp;E Corporation&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PCG#NYSE">PCG</a>) reported&nbsp;first-quarter FY24&nbsp;operating revenue of $5.86 billion (vs. $6.21 billion a year ago), missing the&nbsp;<a target="_blank" href="https://www.benzinga.com/pressreleases/24/04/n38424738/pg-e-corporation-reports-first-quarter-results-on-track-to-deliver-solid-2024" rel="noreferrer noopener">consensus of $6.59 billion</a>.
Electric revenue fell to $4.05 billion from $4.12 billion a year ago. Natural gas declined to $1.81 billion from $2.09 billion the prior year.&nbsp;
Adjusted EPS was $0.37, higher than $0.29 in the prior year, beating the&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/earnings" rel="noreferrer noopener">consensus of $0.35</a>.
FY24 Guidance:&nbsp;PG&amp;E reaffirmed&nbsp;its adjusted EPS guidance of $1.33-$1.37&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/guidance" rel="noreferrer noopener">versus the $1.36&nbsp;consensus</a>.&nbsp;
PG&amp;E shared its five-year financing plan, which includes funding&nbsp;$62 billion&nbsp;of safety and reliability capital expenditures.&nbsp;
The strategy, which does not factor in the sale of the Utility&#8217;s non-nuclear generation assets, confirms the company&#8217;s dedication to refraining from new equity in 2024.&nbsp;
It also allows for significant dividend expansion over the next five years and anticipates a possible equity requirement of up to $3 billion between 2025 and 2028.
Investors can gain exposure to the stock via&nbsp;VanEck Uranium Nuclear Energy ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NLR#NYSE">NLR</a>) and&nbsp;Virtus Reaves Utilities ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UTES#NYSE">UTES</a>).
Price Action: PCG shares are trading higher by 0.28% at $17.05 at the last check Thursday.
Photo via Shutterstock

UTES

PG&E Posts Mixed Bag Of Q1 Earnings, Plows Billions Into Safety

The global shift towards clean energy sources has intensified the search for reliable and scalable alternatives to fossil fuels. While the solar and wind power sectors&nbsp;have captured significant attention, a renewed interest in nuclear energy is emerging. Nuclear power, with its potential for consistent baseload generation, small footprint (particularly with newer technologies), and improving safety profile, holds the potential to outperform traditional renewables in specific contexts.
Could nuclear energy stocks be the key to outperforming the broader renewable energy market in the long run?&nbsp;
<h2>Unleashing the Power of the Atom: Uranium Miners</h2>
Uranium, the foundational element of nuclear power, will become an increasingly valuable commodity in the coming years. If the push for clean energy fuels a nuclear resurgence, uranium mining companies will be positioned at the forefront of this transition. Let&#39;s look at some of the key players in this subsector of the mining sector:
<h3>Cameco Corporation&nbsp;</h3>
Cameco Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ccj#NYSE">CCJ</a>), a global giant in uranium production, stands out for its extensive reserves and established track record in the industry. Ranked among the world&#39;s leading uranium producers, Cameco&#39;s expertise and substantial reserves in Canada make it a significant player in the global uranium market.
<h3>Denison Mines</h3>
Denison Mines&nbsp;(AMEX:DNN)&nbsp;is committed to environmentally conscious mining operations. The company is actively involved in exploration and development projects within the Athabasca Basin region of Canada, which is renowned for its abundance of uranium resources. Denison prioritizes environmentally responsible mining practices and holds a diverse portfolio of projects, including exploration and development assets in this uranium-rich region of Canada.
<h3>Energy Fuels</h3>
Energy Fuels (AMEX:UUUU), a US-based mining company, has diversified operations that encompass uranium, vanadium, and rare earth element recovery. This multifaceted approach positions Energy Fuels to capitalize on various critical material needs. Notably, beyond uranium, Energy Fuels engages in the recovery of vanadium and rare earth elements. This unique combination makes them an intriguing player as demand for these materials evolves.
<h3>NexGen Energy</h3>
NexGen Energy&#39;s (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/nxe#NYSE">NXE</a>) claim to fame is the high-grade Arrow Deposit, a substantial uranium resource located in Canada&#39;s Athabasca Basin. The quality of this deposit and its projected long mine life make NexGen a company to watch. Additionally, NexGen boasts a relatively low expected production cost, which could improve its profitability if uranium prices surge. The company is also exploring the possibility of using innovative in-situ recovery (ISR) mining techniques, further differentiating its approach.
Uranium miners face unique risks, such as fluctuating commodity prices and the potential for regulatory changes that could impact their operations. However, if the anticipated surge in nuclear power demand materializes, these companies could potentially deliver substantial returns for investors.
<h2>The Next Generation: Reactor Developers</h2>
While traditional nuclear power plants have proven their capabilities, they often come with large capital costs, lengthy construction timelines, and a degree of public anxiety. A wave of innovative companies are tackling these challenges by developing new reactor technologies that promise greater safety, scalability, and potential cost advantages. Let&#39;s examine a few key players in this space:
<h3>NuScale Power&nbsp;</h3>
NuScale Power (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/smr#NYSE">SMR</a>) pioneered small modular reactor (SMR) technology. Unlike traditional plants, SMRs are designed to be smaller, factory-built units that can be deployed more quickly and potentially with lower upfront costs. NuScale aims to make nuclear power more accessible for a broader range of electricity needs, potentially opening new markets for nuclear energy.
<h3>Centrus Energy&nbsp;</h3>
Centrus Energy&nbsp;(AMEX:LEU) isn&#39;t solely focused on reactor design but plays a crucial role in the nuclear fuel cycle. The company is developing advanced nuclear fuels explicitly designed for next-generation reactors. They&#39;ve also forged a significant partnership with TerraPower, a venture-backed by Bill Gates, to advance new reactor technologies. This partnership highlights Centrus&#39; importance in the broader scheme of nuclear innovation.
<h3>BWX Technologies&nbsp;</h3>
BWX Technologies (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/bwxt#NYSE">BWXT</a>) has a strong legacy of providing components and services for the existing nuclear power industry. However, it is also looking ahead by actively developing microreactors. These ultra-small reactors hold the potential to provide energy in remote areas or to power specific applications like military bases. BWX&#39;s diversification across both current and future nuclear needs makes it a compelling company to add to your watchlist.
With their advancements, reactor developers have the potential to transform the nuclear power technology landscape. As they strive to make nuclear energy safer, more adaptable to diverse energy demands and scalable, these companies spearhead innovation. Although technological challenges remain, the triumphs of these pioneers could significantly expand nuclear energy&#39;s role in a future powered by clean energy.
<h2>Established Utilities with a Nuclear Advantage</h2>
Traditional energy utilities already heavily invested in nuclear power offer investors a unique way to participate in the sector. While new technologies are exciting, established utility companies with operational nuclear fleets provide exposure to a more established segment of the industry. Let&#39;s take a closer look at two major players:
<h3>Duke Energy&nbsp;</h3>
Duke Energy (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/duk#NYSE">DUK</a>) is a leading US utility company that boasts a substantial nuclear power fleet. This nuclear component complements its diverse portfolio, which also includes renewable energy sources and natural gas generation. For investors, Duke Energy offers a balance between the potential upside of the nuclear sector and the stability of a large, diversified utility company.
<h3>Exelon Corporation&nbsp;</h3>
Exelon Corporation&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/exc#NASDAQ">EXC</a>) holds a dominant position as one of the largest operators of nuclear power plants in the United States. Unlike Duke, Exelon&#39;s power generation relies more heavily on nuclear facilities. This makes Exelon a more direct play on potential legislative or market changes that favor the nuclear energy industry and could lead to increased profitability for the company&#39;s nuclear segment.
Established utilities with significant nuclear operations provide a different investment opportunity than pure-play uranium miners or cutting-edge reactor developers. These utilities offer a way to benefit from a potential nuclear resurgence while also often maintaining a broader portfolio of energy assets that can provide some measure of stability. Investors will need to assess their risk tolerance and the role they envision nuclear stocks playing within their overall portfolio when considering companies like Duke Energy and Exelon.
<h2>Diversifying Nuclear Investment: The Role of ETFs</h2>
Exchange-traded funds (ETFs) provide investors a streamlined way to gain exposure to the nuclear energy sector without directly investing in individual companies. This basket approach can mitigate some risks associated with single stocks while allowing investors to benefit from the sector&#39;s potential growth. Here&#39;s a breakdown of two prominent ETFs in the nuclear space:
<h3>Global X Uranium ETF&nbsp;</h3>
The Global X Uranium ETF (ARCA:URA) is specifically designed to track companies involved in the mining and producing of uranium, along with businesses engaged in related stages of the nuclear fuel cycle. This ETF offers investors a more targeted way to bet on the rising demand for uranium if the resurgence of nuclear power comes to fruition.
<h3>VanEck Uranium+Nuclear Energy ETF</h3>
The VanEck Uranium+Nuclear Energy ETF (ARCA:NLR) adopts a slightly broader approach than the Global X Uranium ETF. While still capturing exposure to uranium-related companies, this ETF also includes companies engaged in constructing and operating nuclear power plants. This expanded focus could benefit if both uranium demand and positive sentiment towards atomic power generation increase in tandem.
Nuclear energy ETFs present an appealing option for investors seeking a convenient and diversified approach to the industry. These ETFs eliminate the need for extensive research into individual companies but still give investors access to the potential growth trajectory of the nuclear sector. Investors must carefully consider the specific holdings and management fees of any exchange-traded fund before investing.
<h2>Policy and Regulation: The X-Factor</h2>
Government policies and regulations are pivotal in shaping the nuclear energy landscape. Favorable policies, like tax incentives or streamlined development processes, could ignite the sector, while restrictive regulations could hamper its growth. Investors need to keep a close eye on the evolving regulatory environment, as policies can greatly influence the prospects for nuclear-related investments.
<h2>Nuclear Power in A Global Context</h2>
Developing economies with booming energy needs could turn to nuclear power as a solution to reduce reliance on fossil fuels and address growing energy security concerns. China and India, for instance, already have ambitious nuclear power expansion plans. This global trend underscores the long-term potential for the nuclear sector and its associated stocks.
<h2>Challenges and Considerations: The Other Side of the Equation</h2>
Acknowledging the challenges and potential risks associated with nuclear power before making any investment decisions is essential. These include:
<ul>
<li>Waste Disposal: The safe and long-term storage of radioactive waste remains a contentious issue. While technological advancements offer potential solutions, this remains a concern for investors and the communities surrounding nuclear plants.</li>
<li>Risk of Accidents: Though safety standards have significantly improved, the potential for accidents, however rare, can generate public fear and negatively impact nuclear investments.</li>
<li>Long Development Timelines: Constructing new nuclear power plants can be lengthy and capital-intensive, making investment returns less immediate than other energy sectors.</li>
</ul>
Nuclear energy stocks have the potential to be lucrative investments in the long term, particularly if the growing need for reliable, low-carbon energy outweighs the industry&#39;s concerns and challenges. Nuclear technology isn&#39;t a silver bullet, but it can play a significant role in the diverse energy mix required for a sustainable future. While nuclear may not fully eclipse solar and wind power, the unique advantages of atomic energy may prove essential on the path toward a cleaner energy future.
The article &quot;<a href="https://www.marketbeat.com/stock-ideas/why-these-nuclear-stocks-could-beat-solar-and-wind-energy-stocks/">Why These Nuclear Stocks Could Beat Solar and Wind Energy Stocks</a>&quot; first appeared on MarketBeat.

Small Cap

Nuveen Arizona Dividend Advantage Municipal Funds 3

UUUU

Why These Nuclear Stocks Could Beat Solar and Wind Energy Stocks

Energy Fuels (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/UUUU#AMEX">UUUU</a>) is gearing up for substantial expansion with plans to open two additional uranium mines <a href="https://www.benzinga.com/topic/mining">in Colorado and Wyoming. </a>
The Whirlwind and Nichols Ranch mines are expected to commence production within a year, potentially doubling Energy Fuels&#8217; uranium output and reaching a run rate of over two million pounds of U3O8 annually by 2025 if market conditions remain favorable. In 2024, the uranium market is experiencing heightened activity, with <a href="https://www.benzinga.com/news/earnings/24/02/37039843/cameco-highlights-2023-growth-benefits-of-nuclear-power-are-clearly-in-focus-ceo-says">miners raising production</a> and investment banks engaging <a href="https://www.benzinga.com/news/large-cap/24/02/37215578/goldman-sachs-enters-uranium-derivatives-market-as-prices-double-to-102-per-pound">in market making</a>.
&#8220;We hold a bullish long-term view of uranium prices, and we are investing to boost production,&#8221; CEO Mark Chalmers <a href="https://www.energyfuels.com/2024-02-23-Energy-Fuels-Announces-2023-Results-Record-Net-Income-and-Earnings-per-Share,-Uranium-Production-Ramp-Up,-and-Near-Term-Production-of-Separated-Rare-Earth-Elements">stated</a> in a press release.
The decision to capitalize on the current strength in uranium prices reflects the company&#8217;s strategic response to the surge in demand for uranium oxide – commonly known as yellowcake. The spot price of U3O8 recently reached an impressive high of $102.00 per pound, with the long-term price standing at $72.00 per pound, according to data <a href="https://www.uranium.info/">from</a> TradeTech.
Now read: <a href="https://www.benzinga.com/news/24/02/36968704/fission-uranium-announces-funding-for-uranium-project-in-saskatchewan">Fission Uranium Announces Funding For Uranium Project In Saskatchewan</a>
In 2023, Energy Fuels achieved record-breaking financial results, <a href="https://www.energyfuels.com/2024-02-23-Energy-Fuels-Announces-2023-Results-Record-Net-Income-and-Earnings-per-Share,-Uranium-Production-Ramp-Up,-and-Near-Term-Production-of-Separated-Rare-Earth-Elements">reporting</a> a net income of nearly $100 million, or 63 cents per share. The management noted a robust balance sheet that almost doubled in capital compared to 2022 and $76 million in product inventory at current commodity prices.
In 2024, these results could be even better, as the company contracted to sell 100,000 pounds in Q1 at an average sales price of $102.88 per pound, resulting in an approximate gross margin of 64%.
The company&#8217;s strategic moves, including the recent production start at Pinyon Plain in Arizona, La Sal, and Pandora in Utah, are set to contribute to its growing success. Annual uranium production is projected to reach 1.1 million to 1.4 million pounds this year as these three mines fully ramp up.
The company&#8217;s focus extends beyond immediate production goals. Energy Fuels plans to conduct exploration drilling on Nichols Ranch area properties in Wyoming and underground delineation drilling at Pinyon Plain. Additionally, they aim to advance permitting on large-scale properties like Roca Honda in New Mexico, Sheep Mountain in Wyoming, and Bullfrog in Utah, laying the groundwork for future uranium production.
&#8220;As long as market prices remain strong, we will continue to selectively capitalize on spot market sales opportunities as we ramp up our production in 2024 and beyond, all with limited capital,&#8221; Chalmers said, noting that Energy Fuels entered an "exclusive club" of profitable non-state-owned uranium mining companies.
For those interested in broadening their portfolio within the uranium mining space, here are three ETFs worth considering:
<ol>
<li>Global X Uranium ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/URA#NYSE">URA</a>)
<ul>
<li>URA offers targeted exposure to a broad range of companies involved in uranium mining and the production of nuclear components. It&#8217;s designed to track the Solactive Global Uranium &amp; Nuclear Components Total Return Index, making it a comprehensive option for investors interested in the uranium sector.</li>
</ul>
</li>
<li>North Shore Global Uranium Mining ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/URNM#NYSE">URNM</a>)
<ul>
<li>URNM seeks to provide investment results that, before fees and expenses, correspond to the total return performance of the North Shore Global Uranium Mining Index. The ETF focuses on companies in the uranium mining industry, including those engaged in the extraction, exploration, development, and production of uranium, as well as companies that invest in uranium.</li>
</ul>
</li>
<li>VanEck Vectors Uranium+Nuclear Energy ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NLR#NYSE">NLR</a>)
<ul>
<li>NLR aims to replicate as closely as possible, before fees and expenses, the price and yield performance of the MVIS&#xAE; Global Uranium &amp; Nuclear Energy Index. The ETF provides exposure to companies involved in uranium mining, nuclear reactors, nuclear components and equipment, and the generation and distribution of nuclear energy.</li>
</ul>
</li>
</ol>
Also read: <a href="https://www.benzinga.com/news/24/02/37156929/south32s-2-16b-mining-investment-in-arizona-supports-bidens-clean-energy-vision">South32&#8217;s $2.16B Mining Investment In Arizona Supports Biden&#8217;s Clean Energy Vision</a>
Photo: Shutterstock

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Energy Fuels Ramps Up: Colorado And Wyoming Mines To Skyrocket Uranium Production

China's Cabinet: Approved Nuclear Power Projects In Guangdong And Zhejiang Provinces

Germany's Merkel Says in Long Run Nuclear Energy Is Not Sustainable

Following a more than decade-long nuclear dispute, Iran, United States and number of world powers appeared to have reached common ground last week. The agreement is an outline that puts the countries on track to completing a final deal within three months time.

	The negotiations have taken about 18 months and the European Union&#39;s foreign policy chief, Federica Mogherini stated that the recent headway is a &quot;<a href="http://eeas.europa.eu/statements-eeas/2015/150402_03_en.htm">decisive step</a>&quot; in managing a temperamental Iran. Additionally, President Barack Obama stated that there was a &quot;<a href="https://www.whitehouse.gov/the-press-office/2015/04/02/statement-president-framework-prevent-iran-obtaining-nuclear-weapon">historic understanding</a>&quot; that will stop Iran from obtaining nuclear weapons.

	The completed deal is expected to see Iran reduce its Uranium stockpile by 98 percent for 15 years and limit its enrichment capacity in exchange for the European Union lifting economic sanctions that have greatly hindered Iran&#39;s economy. The United States will also be lifting many sanctions once Iran&#39;s accordance with the agreement is confirmed.

	All the talk about nuclear power has brought a lot of attention to the utility and industrial companies that deal with its production, management and mining of uranium.

	Related Link: <a href="http://www.benzinga.com/etfs/sector-etfs/15/04/5384222/california-drought-and-water-etfs">California Drought And Water ETFs</a>

	The Market Vectors Nuclear Energy (ETF) (NYSE: <a class="ticker" href="/stock/nlr#NYSE">NLR</a>) provides investors exposure to 53 companies across 11 countries involved in uranium and nuclear energy. The most heavily weighted countries are the United States at 65 percent and Japan at 20 percent.

	The top individual holdings are:
<ul>
<li>
		Nextera Energy Inc (NYSE: <a class="ticker" href="/stock/nee#NYSE">NEE</a>) with an 8.3 percent holding</li>
<li>
		Duke Energy Corp (NYSE: <a class="ticker" href="/stock/duk#NYSE">DUK</a>) making up 8 percent</li>
<li>
		Southern Co (NYSE: <a class="ticker" href="/stock/so#NYSE">SO</a>) totaling 6.9 percent</li>
</ul>

	NLR is down 1.4 percent over the last 12 months, down 1 percent over the last six months and down 3.3 percent year-to-date. The nuclear energy ETF has an expense ratio of 0.60 percent.

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A Nuclear Energy ETF To Look At Amid Iran Agreement

The Environmental Protection Agency is <a href="http://www.forbes.com/sites/jeffmcmahon/2014/07/19/is-epa-about-to-relax-radiation-protection-from-nuclear-power/?ss=energy">considering a review</a> of its 1977 rule that limits the amount of whole-body radiation that any member of the public can be exposed to as a result of the uranium fuel cycle.

	While they have not made any immediate determination to change the current level of 0.25 millisieverts per year of allowable radiation, they are reviewing the scientific data to decide if changes need to be made.

	Items under review include water resource protection, spent fuel storage facilities and alternative technologies that weren&rsquo;t previously developed when the initial regulation was put in place.

	Related: <a href="http://www.benzinga.com/markets/emerging-markets/14/07/4716588/3-etfs-to-fight-inflation" title="3 ETFs To Fight Inflation">3 ETFs To Fight Inflation</a>

	As a result of the EPA soliciting public feedback on this matter, companies that develop uranium, along with utilities that operate nuclear facilities, have been thrust back into the spotlight.

	The Global X Uranium ETF (NYSE: <a class="ticker" href="/stock/ura#NYSE">URA</a>) is comprised of 23 global companies engaged in the exploration, mining, refinement and manufacturing of equipment to support the uranium industry. This ETF currently has $246 million in total assets and charges an expense ratio of 0.69 percent.&nbsp;

	URA has been on a rollercoaster ride this year, with a jump higher in the first quarter that subsequently faded. This ETF is currently sitting near the flat line for the year in total return.
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	Despite this recent underperformance, the underlying companies in URA provide the necessary fuel to the 435 nuclear reactors currently in production around the world. In addition, <a href="http://www.nei.org/Knowledge-Center/Nuclear-Statistics/World-Statistics">according to the Nuclear Energy Institute</a>, there are 72 new nuclear power plants under construction in 15 countries.

	The Market Vectors Uranium+Nuclear Energy ETF (NYSE: <a class="ticker" href="/stock/nlr#NYSE">NLR</a>) is another ETF with a broader focus on both uranium production and nuclear energy utilities. Top holdings in the market-cap weighted NLR include Duke Energy Corp (NYSE: <a class="ticker" href="/stock/duk#NYSE">DUK</a>) and NextEra Energy Inc (NYSE: <a class="ticker" href="/stock/nee#NYSE">NEE</a>).

	The expanded scope of utility companies has helped NLR to significantly outperform URA on a year-to-date basis. NLR has gained 7.28 percent so far in 2014, and is well above its long-term moving averages.

	Depending on the scope of any changes to current nuclear legislation, the underlying companies in these ETFs may find a myriad of new regulations with which to contend.

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Relaxed Regulations Highlight Nuclear ETFs

Uranium mining companies are a small subset of the energy sector that are engaged in exploring, refining, and supplying material to nuclear utility companies.

	Because of the relative obscurity of this niche industry, it has largely flown under the radar when compared to the popularity of solar stocks or traditional oil refiners.

	The Global X Uranium ETF (NYSE: <a class="ticker" href="/stock/ura#NYSE">URA</a>) is a fund that gives you pinpoint access to these companies by tracking the Solactive Global Uranium Index. URA has a concentrated mix of 24 global stocks engaged in uranium production with total assets exceeding $240 million. The expense ratio to own this fund is listed at 0.69 percent annually.

	This ETF is market cap weighted with the largest holdings receiving an outsized share of the fund assets. In fact, the top holding in this ETF is Cameco Corporation (NYSE: <a class="ticker" href="/stock/ccj#NYSE">CCJ</a>), which has a 23 percent weighting within the index. The average market cap of all companies within the index is currently $1.33 billion, which means the majority of the holdings are small-cap oriented.

	See also: <a href="http://www.benzinga.com/etfs/sector-etfs/14/03/4403152/etfs-for-march-madness-pbs-socl-bjk">ETFs For March Madness</a>

	The real story for URA in 2014 has been its phenomenal out performance when compared to a broad-based global small cap index. So far this year, URA has jumped more than 17 percent while the Vanguard FTSE All-World ex-US Small-Cap ETF (NYSE: <a class="ticker" href="/stock/vss#NYSE">VSS</a>) has gained just 2.97 percent. This represents a big turnaround for uranium stocks which declined precipitously in both 2012 and 2013.

	One potential tailwind for this ETF moving forward is the technical “golden cross” chart pattern, which occurs when the 50-day moving average crosses over the 200-day moving average. This can often indicate a more sustainable uptrend building as a result of the moving averages turning higher and prices building momentum.

	Another ETF to watch in this space is the MarketVectors Uranium+Nuclear Energy ETF (NYSE: <a class="ticker" href="/stock/nlr#NYSE">NLR</a>), which invests in a subset of both uranium miners and nuclear energy stocks. NLR is an even more concentrated portfolio of just 18 stocks, however the industry exposure is more diversified than URA.

	Both funds offer investors the ability to capitalize on a niche trend that may grow additional support if we see an expansion of nuclear energy production around the world. However, its important to note that the smaller underlying company sizes and consolidated portfolios can enhance volatility.

Vanguard FTSE All World ex US Small Cap ETF

Uranium ETFs Are Coming On Strong

The S&amp;P 500 is trading at an all-time along with the Dow as the NASDAQ trades at the best level in over a decade.

	The breakout for the U.S. stock exchanges does not necessarily indicate that all ETFs are hitting new highs. That being said, there is a wide range of ETFs breaking out this week.

	iShares MSCI Netherlands Index ETF (NYSE: <a class="ticker" href="/stock/ewn#NYSE">EWN</a>)

	The Netherlands became the latest victim of a downgrade by Standard &amp; Poor’s this week after the rating agency cut the country’s credit rating from AAA to AA+.

	See also: <a href="http://www.benzinga.com/trading-ideas/long-ideas/13/11/4106777/3-reasons-to-buy-oil-stocks-even-as-the-price-of-crude-falls">3 Reasons to Buy Oil Stocks, Even as the Price of Crude Falls</a>

	The main reason behind the downgrade was weakening economic growth. Because S&amp;P has lost a lot of its credibility over the last few years, the move did not have a big affect on the Netherlands bonds and stock market. EWN is up 0.6 percent today after the downgrade and is trading at the best level in years. The ETF is heavily invested in the consumer staples and financials with the top holdings Unilever (NYSE: <a class="ticker" href="/stock/ul#NYSE">UL</a>)and ING Group (NYSE: <a class="ticker" href="/stock/ing#NYSE">ING</a>).

	Market Vector Uranium and Nuclear Energy ETF (NYSE: <a class="ticker" href="/stock/nlr#NYSE">NLR</a>)

	After the disaster at the nuclear plant in Japan a few years ago the industry got a black eye and counties around the world were negative on nuclear energy.

	This sent uranium-mining shares much lower along with any company that was involved in building new nuclear power plants. The ETF has been able to rebound off the lows and is trading at new 18-month high. However the ETF remains 40 percent off the high set in early 2011. While NLR will not get back to its old highs any time soon, the black cloud over nuclear energy has begun to subside and it appears there are still bargains in the sector.

	iShares MSCI Capped Israel ETF (NYSE: <a class="ticker" href="/stock/eis#NYSE">EIS</a>)

	The geographic location of Israel has always been a concern with investors. The civil war that is raging in Syria and the ongoing battle with Iran still hang over the country, but investors are still willing to put money into the shares. EIS is trading at a fresh two-year high heading into the last month of the year. The short-term deal that Iran signed last week should be a positive for EIS, but there is no definitive long-term deal on the horizon.

	See also: <a href="http://www.benzinga.com/markets/bonds/13/11/4114375/6-things-to-know-about-the-u-s-housing-market">6 Things to Know About the U.S. Housing Market</a>

	The one caveat with EIS is that 24 percent of the portfolio is in one stock, Teva Pharmaceuticals (NYSE: <a class="ticker" href="/stock/teva#NYSE">TEVA</a>). The drug maker has had a big rally recently, but has been lagging its peers the last couple of years. When an ETF is so reliant on one stock the risk level increases. Investors must have a positive view on TEVA or it is not even an option to own EIS.

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