According to the US Department of Energy Nuclear energy will be the star of the clean energy transition. The reliability of nuclear energy is two times that of natural gas and three times that of wind and solar energy. Additionally, nuclear energy already provides 50% of America’s carbon-free electricity in 2023.
The rapid revival of the nuclear power industry is supported by the government of the US through their policies. Various bills have been introduced to help the companies roll out next-generation Small Modular Reactors, update older reactors, and increase Uranium production. The support of the government increased the confidence of the technology giants to invest in the nuclear energy sector as the demand for energy increased.
Amazon has become the largest mega-cap technology company that uses nuclear power for the growth of artificial intelligence. AMZN made a deal with nuclear power company Talen early this year for its AI data center.
Some days before Alphabets GOOGL Google Signed a deal with the next-gen nuclear energy startup Kairos Power.
NuScale Power Corporation (SMR): Buy NuScale Power Corporation as a Home Run Nuclear Investment?
NuScale Power Corporation is a leading provider of advanced Small Modular Reactor technology. NuScale got the certification for their Small Modular Reactor from the US Nuclear Regulatory Commission. Small Modular Reactors are designed to be Hightec, Small and less costly reactors that can be built more quickly and operate in different locations. NuScale has collaborated with power companies and governments in Europe, North America, and Asia to bring reactors online.SMR’s revenue is said to decrease by 10% in 2024. $20.4 million and increase 954 % in FY 25 to $ 215 million.NuScale stocks have increased roughly 160% since September 6 and a year-to-date percentage of 450.
Centrus Energy Corp (LEU): Why Centrus Energy is a strong buy of nuclear energy stock?
As a diversified supplier of nuclear fuel components and services for nuclear power plants in the US as well as across the globe. Centrus also supplied High Assay Low Enriched Uranium to the Department of Energy of the US last year. The current set of nuclear reactors runs on Uranium fuel enriched up to 5% HALEU. Next-Gen Small Modular Reactors require 5-10% HALEU enriched Uranium. Centrus stock has increased by 110% since September 6th finding the support in price at its 200-week moving average. Some investors may wait for a fall after the rally. It may be worth enough for a long-term investment strategy on Centrus.
Camero (CCJ): Why Camero is a potential investment option?
This is a Canadian uranium miner. They are the leading supplier of uranium refining, conversion as well as the fuel manufacturing services. Regular retail investors can easily purchase them. It is one of the large-scale uranium miner stocks. To be precise they produce the world’s second-largest uranium as per the World Nuclear Association. They completely support nuclear energy. They have also witnessed immense revenue growth. In the past five years, the revenue stocks of the project have climbed over 500%. CCJ is a uranium mining and refining giant.
Final Thoughts: Investing in Nuclear Energy Stocks
As per the analysis of the nuclear energy projects, the investments seem to be credible and could also help you gain potential returns. This makes it an attractive investment option for ambitious investors around the globe. If you want to be a part of the nuclear energy project, it is better to do your research about the possibilities of returns. The more you know about the project, the better your investment experience.
Read more:
Carbon Neutral Efforts Amidst Energy Crisis: Google Signs Nuclear Energy Agreement with Kairos Power