VanEck Uranium and Nuclear ETF (ARCA: NLR)

Últimas noticias sobre VanEck Uranium and Nuclear ETF (ARCA:NLR)

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.

Public Service Enterprise Group Inc

PG&E Corp

Constellation Energy Corp

Fortum Oyj

Cez As

Cameco Corp

Endesa Sa

Bwx Technologies Inc

Cgn Power Co Ltd

Nac Kazatomprom Jsc

Oklo Inc

VanEck Uranium & Nuclear ETF

Bussinessman,Hand,Holding,Creative,Atom.,Nuclear,Fusion,Concept,,Endless,Energy,

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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

NORTHERN LIGHTS RES CORP by Northern Lights Resources Corp.

Northern Lights Resources Corp

NOGALES RES CORP by Nogales Res Corp.

This past week, truncated by the Memorial Day, Wall Street saw a rollercoaster of action, as markets responded to geopolitical tensions, earnings from corporations, and economic data. In spite of the volatility, some ETFs were able to perform better, presenting investors with pockets of opportunity.
Also Read: <a href="https://www.benzinga.com/etfs/broad-u-s-equity-etfs/25/05/45679047/nvda-tsla-turbocharge-qqq-surge-toward-best-month-since-2023">NVDA, TSLA Turbocharge QQQ Surge Toward Best Month Since 2023</a>
5 ETFs That Did Well This Week
Direxion Daily Uranium Industry Bull 2X Shares (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/URAA#NYSE">URAA</a>): up 7.15%
Uranium prices have been glowing, and URAA captured that momentum with its 2x leverage on uranium-related stocks. As the world leans back into nuclear energy for cleaner alternatives, backed by President Donald Trump&#8217;s nuclear energy push, this ETF has surged on optimism around demand and geopolitical supply concerns.
Direxion Daily MSCI South Korea Bull 3X Shares (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KORU#NYSE">KORU</a>): up 10%
KORU led the charge with its 3x exposure to South Korean stocks, supported by a tech bounce and investor optimism in the region&#8217;s chipmaking capabilities. AI and semiconductor export sentiment remained positive and provided KORU with its weekly boost.
VanEck Uranium and Nuclear ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NLR#NYSE">NLR</a>): up 4%
NLR also surfed the nuclear energy wave, providing more diversified and lower-volatility exposure than URAA. The worldwide nuclear renaissance, particularly in Europe and Asia, has spurred investor demand for uranium-related infrastructure.
YieldMax AI Option Income Strategy ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AIYY#NYSE">AIYY</a>): up 9.17%
AIYY profited as it rode the AI boom with a spin—earning returns by employing options strategies on AI-themed equities. As Nvidia&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) quarterly results rekindled AI mania, income-hungry investors took refuge in this ETF as an intelligent wager on smart technology.
Sprott Junior Copper Miners ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COPJ#NASDAQ">COPJ</a>): up 4.7%
COPJ rode higher copper prices, which were supported by firming global supply and growing demand for green technology and EV infrastructure. Junior copper miners, otherwise more erratic, received a firm bid from investors looking for the metal&#8217;s long-term path.
Market Overview
Wall Street served up a week of drama, with markets oscillating between optimism and worry. Tuesday got off to a robust start as <a href="https://www.benzinga.com/government/regulations/25/05/45627060/wall-street-rockets-as-bond-yields-drop-tesla-hits-3-month-highs-whats-driving-markets-tuesday">declining bond yields underpinned a broad advance</a>, lifting the S&amp;P 500 and Nasdaq while Tesla (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) jumped to a three-month high.
But by Wednesday, the momentum was lost as investors became nervous in <a href="https://www.benzinga.com/25/05/45651401/wall-street-stalls-as-treasury-yields-climb-again-ahead-of-nvidia-earnings-fed-minutes-whats-driving-markets-wednesday">anticipation of Nvidia&#8217;s earnings</a> and the release of Fed minutes, as Treasury yields slowly advanced, spoiling the mood.
On Thursday, <a href="https://www.benzinga.com/25/05/45677482/stocks-edge-higher-nvidia-rallies-to-3-month-highs-bitcoin-dips-below-107000-whats-driving-markets-thursday">Nvidia dazzled the tech industry with solid earnings</a>, pushing its stock to a three-month high and propelling the broader market, aided in part by a court decision that temporarily blocked a number of Trump&#8217;s tariffs on Chinese imports.
Just when all seemed rosy, Friday rolled in the clouds: Donald Trump blew back into <a href="https://www.benzinga.com/markets/equities/25/05/45701116/wall-street-slumps-as-trump-reignites-china-trade-tensions-nvidia-wipes-out-earnings-rally-whats-driving-markets-friday">U.S.-China trade tensions by accusing Beijing of violating a tariff truce</a>, which spooked investors and erased much of Nvidia&#8217;s rally. Bitcoin, meanwhile, fell below $107,000, adding a pinch of crypto angst to the mix. All in all, the week was a volatile cocktail of earnings elation, bond market jitters, and geopolitical déjà vu.
Read Next: 
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/etfs/specialty-etfs/25/05/45699802/from-meme-stocks-to-mature-moves-why-schd-might-be-a-good-bet-for-young-investors-for-passive-income-power">From Meme Stocks To Mature Moves: Why SCHD Might Be A Good Bet For Young Investors For Passive Income Power</a></li>
</ul>

Broad U.S. Equity ETFs

AIYY

COPJ

KORU

NVDA

TSLA

URAA

ETFs This Week: Markets Whipsaw On Nvidia, Fed, And China—5 Funds That Outperformed

A group of stocks tied to uranium mining and nuclear energy surged to levels not seen since mid-2008, capping off an extraordinary rally in May that is repositioning nuclear power at the center of both the global energy <a href="https://www.benzinga.com/topic/uranium">transition and investor portfolios.</a>
The VanEck Uranium and Nuclear ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NLR#NYSE">NLR</a>) rose to $100 per share on Tuesday, May 28, 2025, reclaiming territory last reached in July 2008. 
The fund has now posted eight consecutive weeks of gains, climbing 56% from April lows and 28% in May alone — on pace to mark its strongest month since inception in 2007.
The rally gained fresh momentum in the wake of President Donald Trump's executive order last week, which laid out a strategy to rebuild America's nuclear fuel cycle, reduce dependence on foreign uranium and supercharge reactor development over the next decade.
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="535" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/28105122/image-369-1024x535.png" alt="" class="wp-image-930117" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/28105122/image-369-1024x535.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/28105122/image-369-300x157.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/28105122/image-369-768x401.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/28105122/image-369-1536x803.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/28105122/image-369-2048x1070.png 2048w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
<h1 class="wp-block-heading">Who's Leading The Nuclear Rally?</h1>
Three companies have emerged as standout winners in May's uranium breakout:
<ul class="wp-block-list">
<li>Oklo Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OKLO#NYSE">OKLO</a>) is up 130.7% since late April. The firm develops compact advanced fission reactors aimed at off-grid and remote installations, positioning itself as a leader in next-gen nuclear tech. Last week, the <a href="https://www.benzinga.com/news/mid-cap/25/05/45618496/oklo-inks-deal-with-south-korean-nuclear-giant-for-global-push">company signed a key partnership</a> with South Korean Nuclear Giant&nbsp;Korea Hydro &amp; Nuclear Power.</li>
<li>NuScale Power Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SMR#NYSE">SMR</a>) has gained 114.7%. It specializes in Small Modular Reactors (SMRs), a scalable and cost-efficient technology now getting federal backing.</li>
<li>Centrus Energy Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LEU#NYSE">LEU</a>) has risen 91.4%. The company supplies enriched uranium fuel for commercial and government use, and stands to benefit from expanded enrichment capabilities outlined in Trump's order.</li>
</ul>
Other notable gainers in the past month include Boss Energy Limited (OTCPK: BQSSF), up 50%; NANO Nuclear Energy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NNE#NASDAQ">NNE</a>), up 42.1% and Canadian uranium mining heavyweight Cameco Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CCJ#NYSE">CCJ</a>), which is up 37.8%.
Read also: <a href="https://www.benzinga.com/money/best-uranium-stocks">Best Uranium Stocks Right Now</a>
<h1 class="wp-block-heading">What's Fueling The Nuclear Rally?</h1>
Much of the momentum stems from the May 23 executive order signed by President Trump, which outlines an aggressive roadmap for U.S. nuclear revitalization. 
Among the core initiatives:
<ul class="wp-block-list">
<li>10 new nuclear reactors under construction by 2030</li>
<li>5 gigawatts of uprated capacity from existing facilities</li>
<li>Expansion of uranium enrichment, conversion and recycling</li>
<li>Reinvigoration of the domestic nuclear fuel supply chain</li>
</ul>
In a research note last week, Goldman Sachs analyst Brian Lee said the policy shift provides "a meaningful tailwind for companies in the nuclear fuel supply chain."
Lee reiterated a Buy rating on Cameco, citing its exposure to rising uranium demand and its 49% stake in Westinghouse, a key player in new reactor builds.
"We view the Westinghouse segment would likely see an uplift as construction on new nuclear plants begins," he said.
He also flagged NuScale as a beneficiary of federal investment, given the administration's support for SMRs in both civilian and defense applications.
Goldman Sachs forecasts global nuclear capacity will grow from 378GW to 575GW by 2040, boosting its share of the global electricity mix to 12%. 
The need for reliable, emissions-free baseload power — especially to support the electrification of vehicles, AI-driven data centers and grid stability — is now reviving nuclear's appeal.
Read Now:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/general/market-summary/25/05/45541408/cathie-woods-ark-invest-says-nuclear-energy-could-overtake-solar-as-cheapest-power-source-heres-a-list-of-nuclear-energy-linked-etfs-to-consider">Cathie Wood&#8217;s Ark Invest Says Nuclear Energy Could Overtake Solar As Cheapest Power Source: Here&#8217;s A List Of Nuclear Energy Linked ETFs To Consider </a></li>
</ul>
Photo: Shutterstock

Mid Cap

Sector ETFs

Commodities

Small Cap

Uranium Stocks Hit 17-Year Highs As May's Rally Marks Best Month On Record

Oklo Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OKLO#NYSE">OKLO</a>) shares climbed Wednesday after the company voiced support for a slate of new executive orders issued by the White House to boost advanced nuclear <a href="https://www.benzinga.com/movers" target="_blank" rel="noreferrer noopener">energy adoption across the United States.</a>
As part of the White House announcement, Oklo CEO Jacob DeWitte joined President Donald Trump and other industry figures to mark what Oklo called a milestone moment in <a href="https://www.benzinga.com/pressreleases/25/05/b45640943/oklo-supports-executive-orders-to-advance-u-s-nuclear-energy-leadership-and-fuel-security">shaping the future of U.S. energy policy.</a>
The company praised the administration&#8217;s focus on performance-based regulatory reviews and modernization of the Nuclear Regulatory Commission.
Also Read: <a target="_blank" href="https://www.benzinga.com/news/earnings/25/05/45392505/oklo-provides-q1-business-update-nuclear-startup-appoints-new-cto-company-says-its-targeting-plant-operations-in-late-2027-early-2028" rel="noreferrer noopener">Oklo Provides Q1 Business Update: Nuclear Startup Appoints New CTO, Company Says It&#8217;s Targeting Plant Operations In Late 2027, Early 2028</a>
DeWitte emphasized the impact of the executive action, saying it showed a &#8220;clear alignment&#8221; on the need to reform how nuclear technology is licensed, fueled, and constructed.
He added that these moves position nuclear as a cornerstone of American energy strategy going forward.
The orders also require agencies such as the Departments of Energy and Defense to more effectively support the deployment of clean energy technologies.
Meanwhile, Oklo is developing compact fast fission reactors designed to repurpose spent nuclear fuel into stable, emissions-free energy.
The company holds a DOE-issued site use permit and is working through the regulatory process with the NRC.
In a separate announcement, Oklo revealed a partnership with Korea Hydro &amp; Nuclear Power to collaborate on deploying <a href="https://www.benzinga.com/government/regulations/25/05/45625025/oklo-ceo-says-recent-developments-surrounding-nuclear-could-move-company-timelines-forward" target="_blank" rel="noreferrer noopener">its advanced nuclear systems worldwide.</a> The agreement includes joint work on design standardization, manufacturing readiness, and global commercialization of Oklo&#8217;s Aurora powerhouse—a 75 MWe fast reactor facility.
In an interview with CNBC, DeWitte suggested the federal initiatives could speed up Oklo&#8217;s project timelines, citing growing policy alignment and investor interest. He described the executive orders as a &#8220;big commitment&#8221; to making advanced nuclear a near-term reality and said Oklo is positioned to deliver on its goals efficiently and reliably.
According to&nbsp;<a target="_blank" href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw" rel="noreferrer noopener">Benzinga Pro</a>, OKLO stock has gained over 400% in the past year. Investors can gain exposure to the stock via&nbsp;VanEck Uranium and Nuclear ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NLR#NYSE">NLR</a>).
Price Action: OKLO shares are trading lower by 0.58% to $53.53 at last check Wednesday.
Read Next:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/25/05/45644145/nvidia-stock-is-bullish-ahead-of-q1-earnings-but-will-h20-chip-woes-dampen-the-party" target="_blank" rel="noreferrer noopener">Nvidia Bullish Ahead Of Q1 Earnings, But Will H20 Chip Woes Dampen The Party?</a></li>
</ul>
Photo: Shutterstock

Equities

Markets

General

What's Going On With Oklo Stock Today?

Nano Nuclear Energy, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NNE#NASDAQ">NNE</a>) shares are trading lower on Tuesday after the company announced pricing of its $105 million <a href="https://www.benzinga.com//node/45615945">private placement.</a>
What To Know: Nano said it entered into a securities purchase agreement to sell approximately 3.89 million shares at $27 apiece.
Following the private placement, the company expects to hold about $200 million in cash. It plans to use the proceeds to accelerate development of its micro nuclear reactors and other nuclear energy-related ventures, pursue strategic acquisitions and support efforts toward initial revenue generation.
The news comes amid renewed momentum in the nuclear energy sector, with ETFs such as NUKZ, NLR, and URAN all trading higher Tuesday.
See Also: <a href="https://www.benzinga.com/news/earnings/25/05/45617657/autozone-q3-margin-pressure-hits-profit-but-ceo-excited-about-momentum-heading-into-summer">AutoZone Q3: Margins Under Pressure, But CEO &#8216;Excited About Momentum&#8217; Heading Into Summer</a>
NNE Price Action: At the time of writing, Nano stock is trading 3.61% lower at $34.82, NUKZ shares are trading 2.42% higher at $51.18, NLR stock is trading 2.47% higher at $99.31, and URAN shares are trading 3.09% higher at $34.75, according to data from <a href="https://pro.benzinga.com/">Benzinga Pro.</a>
Image: via Shutterstock

NUKZ

Themes ETF Trust Themes Uranium & Nuclear ETF

URAN

Nano Nuclear Stock Is Trading Lower Tuesday: What's Going On?

Oklo Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OKLO#NYSE">OKLO</a>) on Tuesday announced that it has inked <a href="https://www.benzinga.com/pressreleases/25/05/b45614863/oklo-and-korea-hydro-nuclear-power-to-cooperate-on-advanced-nuclear-project" target="_blank" rel="noreferrer noopener">a memorandum of understanding (MOU)</a> with South Korean Nuclear Giant Korea Hydro &amp; Nuclear Power (KHNP).
The agreement sets the stage for joint efforts to advance and deploy Oklo&#8217;s nuclear technology worldwide.
As per the deal, KHNP and Oklo will collaborate to advance the standard design and verification of Oklo&#8217;s Aurora powerhouse.
Also Read: <a target="_blank" href="https://www.benzinga.com/25/05/45590362/oklo-stock-set-to-go-nuclear-as-a-major-player-in-the-ai-revolution-analyst" rel="noreferrer noopener">Oklo Stock To Go Nuclear? Analyst Calls It A &#8216;Major AI Revolution Player&#8217;</a>
The partnership will also focus on early-stage project development, including manufacturability assessments, major equipment planning, supply chain development for the balance of plant systems, and construction planning.
Notably, Oklo plans to deploy its 75 MWe Aurora reactor at the Idaho National Laboratory and is currently in the licensing process.
The company is working with the U.S. Nuclear Regulatory Commission through a Pre-Application Readiness Assessment and plans to submit a Combined License Application (COLA) later this year.
Oklo also plans to file additional applications to support a growing pipeline of over 14 GW in customer demand.
Jacob DeWitte, Co-Founder and CEO of Oklo stated, &#8220;Partnering with KHNP, one of the most accomplished nuclear builders in the world, who have been building nuclear power plants continuously since 1971, offers meaningful opportunities to align on key execution factors such as manufacturability, constructability, and supply chain development.&#8221;
This month, the company posted a first-quarter loss of 7 cents per share, an improvement from a 34-cent loss in the same quarter last year, and ended the quarter with $90.1 million <a target="_blank" href="https://www.benzinga.com/25/05/45472603/oklo-reports-smaller-q1-loss-names-new-cto" rel="noreferrer noopener">in cash and cash equivalents</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 Global X Uranium ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/URA#NYSE">URA</a>).
Price Action: OKLO shares are trading lower by 1.68% to $48.05 at last check Tuesday.
Read Next:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/general/market-summary/25/05/45541408/cathie-woods-ark-invest-says-nuclear-energy-could-overtake-solar-as-cheapest-power-source-heres-a-list-of-nuclear-energy-linked-etfs-to-consider" target="_blank" rel="noreferrer noopener">Cathie Wood&#8217;s Ark Invest Says Nuclear Energy Could Overtake Solar As Cheapest Power Source: Here&#8217;s A List Of Nuclear Energy Linked ETFs To Consider</a></li>
</ul>
Image by Poetra.RH via Shutterstock

Oklo Inks Deal With South Korean Nuclear Giant For Global Push

Uranium- and <a href="https://www.benzinga.com/etfs">nuclear-themed ETFs</a> spiked sharply Friday after news emerged that the domestic nuclear industry is set to be overhauled with executive orders from President Donald Trump.
Policy-driven optimism sent nuclear-themed ETFs—spanning reactor developers to uranium miners—soaring on a wave of investor interest. With Trump signaling long-term support, this momentum may have staying power.
Global X Uranium ETF Leads The Charge
The Global X Uranium ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/URA#NYSE">URA</a>), a key benchmark for uranium stocks, jumped 11% Friday, driven by gains in top uranium miners and component makers. URA led all thematic ETFs for the day.
The North Shore Global Uranium Mining ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/URNM#NYSE">URNM</a>) and VanEck Uranium+Nuclear Energy ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NLR#NYSE">NLR</a>) also surged around 9%, as broad momentum lifted nuclear stocks. These funds continue to attract investors seeking diversified, liquid exposure to a sector highly sensitive to policy and geopolitical shifts.
Also Read: <a href="https://www.benzinga.com/etfs/broad-u-s-equity-etfs/25/05/45591555/trump-targets-eu-apple-with-tariff-threats-etfs-could-feel-the-heat">Trump Targets EU, Apple With Tariff Threats: ETFs Could Feel The Heat</a>
What&#8217;s Driving The Rally
A growing narrative is fueling the rally: nuclear power may gain new policy support. Reuters reports Trump plans to invoke the Defense Production Act to declare a national emergency over U.S. dependence on foreign uranium and fast-track approvals for domestic reactors and infrastructure.
This comes as U.S. electricity demand rises for the first time in 20 years, driven by energy-hungry AI and data centers. With solar and wind constrained by storage and reliability issues, nuclear is gaining traction as a stable alternative.
ETFs Provide Focused Exposure Amid Volatility
While spot uranium miners like Uranium Energy Corp. (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/UEC#AMEX">UEC</a>), Energy Fuels Inc. (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/UUUU#AMEX">UUUU</a>), and Snow Lake Resources (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LITM#NASDAQ">LITM</a>) <a href="https://www.benzinga.com/news/mid-cap/25/05/45587750/uranium-stocks-surge-trumps-nuclear-push-sparks-double-digit-gains">experienced double-digit increases</a>, up 23.7%, 16.0%, and 13.2% respectively, ETF investors enjoyed diversified exposure that lessens single-stock risk. URA, for example, has more than 40 holdings across mining, utility, and nuclear technology names.
In addition to miners, ETFs also picked up on the upside in more advanced nuclear companies such as Oklo Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OKLO#NYSE">OKLO</a>) and Nano Nuclear Energy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NNE#NASDAQ">NNE</a>), which surged more than 27% each in response to news of Trump&#8217;s policy initiatives. Utility stocks such as 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>) also added to ETF returns.
Investor Implications 
For investors seeking exposure without the volatility of individual stocks, nuclear-themed ETFs offer an attractive alternative. Fund flows could accelerate if executive orders signal a lasting policy shift toward nuclear energy.
These ETFs also benefit from rising institutional demand for clean, reliable power, especially as AI-driven energy needs grow. Analysts note that a sustained rally in uranium prices, driven by supply constraints, could lift uranium-heavy ETFs as well.
Conclusion
Trump's nuclear energy push has reignited interest in a long-overlooked sector. As the political landscape shifts, ETF investors are positioning for a potential long-term energy pivot. Uranium and nuclear ETFs now reflect the intersection of policy, innovation, and surging tech-driven power demand.
Read Next: 
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/economics/macro-economic-events/25/05/45585283/trump-tariff-threat-hits-europe-stocks-sink-as-50-duties-loom">Trump Tariff Threat Hits Europe: Stocks Sink As 50% Duties Loom</a></li>
</ul>
Photo: Shutterstock

LITM

URNM

UUUU

Trump Sparks Uranium Frenzy: Nuclear ETFs See Explosive Gains

After grappling with regulatory hurdles, rising capital costs, and rapidly declining costs of renewables like solar, Cathie Wood&#8216;s Ark Invest highlights in its new research that nuclear energy can potentially emerge as the lowest-cost source of electricity, outcompeting solar.
What Happened: A new research note from Sam Korus, the director of research for autonomous technology and robotics at Ark, published on May 14, highlights that nuclear power&#8217;s promise of reliable baseload energy was overshadowed by soaring expenses, particularly after the 1970s.
While solar costs have plummeted, Ark Invest&#8217;s analysis highlights a crucial, often overlooked factor: utilization rates.
&#8220;A quick glance suggests nuclear wouldn&#8217;t be as low as solar on a cost-per-watt basis,&#8221; the research note explains, &#8220;but importantly, the first glance misses a key point: nuclear plants operate at more than 80% utilization, while solar plants operate at a capacity utilization rate in the low 20s%.&#8221;
When adjusted for this, the playing field dramatically shifts, explains Korus in his research.
The research proposes four potential cost scenarios for nuclear, with the most optimistic envisioning a &#8220;step-change cost decline to pre-1975 nuclear cost trendline.&#8221;
This discontinuous drop, driven by new companies like Oklo Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OKLO#NYSE">OKLO</a>), could lead to overall capital costs of approximately $3.3 trillion, making nuclear power the lowest-cost option.
Korus adds, &#8220;The future of nuclear energy depends upon costs. If a company were to achieve a discontinuous decline in costs, nuclear power could emerge as the lowest-cost source of electricity.&#8221;
Here&#8217;s a list of some solar energy-linked stocks and exchange-traded funds that investors could consider.
<figure class="wp-block-table is-style-stripes"> 
<table class="has-fixed-layout">
<tbody>
<tr>
<td>Nuclear Energy Linked Stocks</td>
<td>YTD Performance</td>
<td>One-Year Performance</td>
</tr>
<tr>
<td>Oklo Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OKLO#NYSE">OKLO</a>)</td>
<td>71.95%</td>
<td>404.97%</td>
</tr>
<tr>
<td>Nuscale Power Corp.(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SMR#NYSE">SMR</a>)</td>
<td>32.58%</td>
<td>217.30%</td>
</tr>
<tr>
<td>Lightbridge Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LTBR#NASDAQ">LTBR</a>)</td>
<td>96.27%</td>
<td>220.83%</td>
</tr>
<tr>
<td>Centrus Energy Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LEU#NYSE">LEU</a>)</td>
<td>28.41%</td>
<td>96.79%</td>
</tr>
<tr>
<td>BWX Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BWXT#NYSE">BWXT</a>)</td>
<td>-1.14%</td>
<td>24.59%</td>
</tr>
<tr>
<td>Constellation Energy Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CEG#NASDAQ">CEG</a>)</td>
<td>20.53%</td>
<td>31.36%</td>
</tr>
<tr>
<td>Talen Energy Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TLN#NASDAQ">TLN</a>)</td>
<td>13.65%</td>
<td>123.86%</td>
</tr>
<tr>
<td>Entergy Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ETR#NYSE">ETR</a>)</td>
<td>11.84%</td>
<td>47.66%</td>
</tr>
</tbody>
</table>
</figure>
<figure class="wp-block-table is-style-stripes"> 
<table class="has-fixed-layout">
<tbody>
<tr>
<td>Nuclear Energy Stocks Linked ETFs</td>
<td>YTD Performance</td>
<td>One-Year Performance</td>
</tr>
<tr>
<td>VanEck Uranium and Nuclear ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NLR#NYSE">NLR</a>)</td>
<td>4.30%</td>
<td>-0.74%</td>
</tr>
<tr>
<td>Sprott Uranium Miners ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/URNM#NYSE">URNM</a>)</td>
<td>-14.84%</td>
<td>-37.40%</td>
</tr>
<tr>
<td>Range Nuclear Renaissance Index ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NUKZ#NYSE">NUKZ</a>)</td>
<td>11.74%</td>
<td>39.05%</td>
</tr>
<tr>
<td>Themes Uranium &amp; Nuclear ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/URAN#BATS">URAN</a>)</td>
<td>2.79%</td>
<td>11.11%</td>
</tr>
<tr>
<td>Defiance Daily Target 2X Long Uranium ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/URAX#NYSE">URAX</a>)</td>
<td>-37.13%</td>
<td>-60.30%</td>
</tr>
</tbody>
</table>
</figure>
See Also: <a href="https://www.benzinga.com/markets/equities/25/05/45536595/big-beautiful-bill-will-explode-the-deficit-and-make-the-rich-richer-congressional-budget-office">Big Beautiful Bill Will &#8216;Explode The Deficit,&#8217; And Make The Rich Richer: Congressional Budget Office Estimates 4% Income Fall For Lowest Decile Of Americans By 2033</a>
Why It Matters: Talking about solar energy, Korus said that while solar costs are expected to continue their decline, there are significant logistical challenges.
&#8220;Solar's land requirement at 71.4 million acres would be a considerable logistical challenge,&#8221; the note states.
This vast footprint, coupled with complex real estate negotiations and long interconnect times, could make large-scale solar deployment difficult, leaving a vital role for alternative sources like nuclear.
Price Action: The SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) and Invesco QQQ Trust ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>), which track the S&amp;P 500 index and Nasdaq 100 index, respectively, fell in premarket on Wednesday. The SPY was down 0.44% to $590.22, while the QQQ declined 0.47% to $517.85, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a> data.
Read Next:
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<li><a href="https://www.benzinga.com/general/market-summary/25/05/45539236/tesla-is-6x-more-expensive-than-its-peers-and-the-most-overvalued-mag-7-stock-gordon-johnson-questions-fundamentals-as-elon-musk-shrugs-off-concerns">Tesla Is 6X More Expensive Than Its Peers And The Most Overvalued Mag 7 Stock: Gordon Johnson Questions Fundamentals As Elon Musk Shrugs Off Concerns</a></li>
</ul>
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Image via Shutterstock

Analyst Color

Market Summary

Futures

Analyst Ratings

BWXT

LTBR

URAX

Cathie Wood's Ark Invest Says Nuclear Energy Could Overtake Solar As Cheapest Power Source: Here's A List Of Nuclear Energy Linked ETFs To Consider

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;
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<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

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

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:
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<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

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>
</figure>
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

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.

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

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.

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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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BQSSF

CAULF

DYLLF

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.

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