Now that the government in Britain has formally backed nuclear power as a desirable option for the country's electricity demands, industry analysts are sizing up investment opportunities in the segment with renewed vigor. A slew of stock recommendations among utility companies, engineering businesses and uranium miners suggest that nuclear could be the winning investment theme in the power sector this year.
Britain is part of a broader trend of growing support for nuclear energy in other countries. The French company Areva, the world's largest builder of nuclear reactors, forecasts that 150 to 300 nuclear reactors will be built in the world from now to 2030. At least 50 of them will be built in China and India, according to news reports...
Investors in nuclear energy can also look to the companies that produce the raw materials: the uranium miners. Scott Finlay, a mining analyst at Canaccord Adams in London, said he figured demand would push uranium prices up from now to July, hitting a peak of $122 a pound, up 25 percent from current levels. "When the price of uranium rises, uranium mining stocks also tend to track north," Finlay said.
Britain is part of a broader trend of growing support for nuclear energy in other countries. The French company Areva, the world's largest builder of nuclear reactors, forecasts that 150 to 300 nuclear reactors will be built in the world from now to 2030. At least 50 of them will be built in China and India, according to news reports...
Investors in nuclear energy can also look to the companies that produce the raw materials: the uranium miners. Scott Finlay, a mining analyst at Canaccord Adams in London, said he figured demand would push uranium prices up from now to July, hitting a peak of $122 a pound, up 25 percent from current levels. "When the price of uranium rises, uranium mining stocks also tend to track north," Finlay said.
