Nuclear Reactors to the Rescue: 3 Atomic Stocks to Power the AI Boom

InvestorPlace04-10

Here are three nuclear energy stocks to buy now. Constellation Energy (CEG): Its nuclear capacity exceeds many of its peers. Cameco (CCJ): Its Westinghouse partnership should generate significant ...

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That should be a boon for nuclear energy stocks.Based in Baltimore, it aims to eliminate 100% of its greenhouse gas emissions by 2040, utilizing various forms of clean energy production, including America’s largest fleet of carbon-free nuclear power plants.Compared to its competitors, CEG has a much higher nuclear capacity, with 22.1 gigawatts , than the next five U.S. utilities with nuclear power combined.Constellation has a 21% market share in the Commercial & Industrial market, 400 basis points higher than ","collect":0,"end_time":0,"defaultTopTitle":"investorplace.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"IE00BD4GTT62.SGD":"Legg Mason ClearBridge Infrastructure Value A SGD-H (mdis) plus","SG9999014005.SGD":"United Global Durable Equities Fund Acc SGD","BK4585":"ETF&股票定投概念","BK4567":"ESG概念","SG9999014013.SGD":"United Global Durable Equities Fund Dis SGD","PW":"Power REIT","BAM":"布鲁克菲尔德资产管理","BK4081":"电力公用事业","CSTA.U":"Constellation Acquisition Corp I","BK4588":"碎股","IE00BD4GTV84.USD":"LEGG MASON CLEARBRIDGEINFRASTRUCTURE VALUE \"A\" (USDHDG) ACC","IE00B7SZLL34.SGD":"Legg Mason ClearBridge - Value A Acc SGD-H","BK4234":"特殊用途房地产信托","BK4084":"特种房地产投资信托","IE0002270589.USD":"LEGG MASON CLEARBRIDGE VALUE \"A\" (USD) INC","BWXT":"BWX Technologies Inc","BK4156":"煤与消费用燃料","IE00BD4GTW91.USD":"LEGG MASON CLEARBRIDGEINFRASTRUCTURE VALUE \"A\" (USDHDG) INC","BK4135":"资产管理与托管银行","LU1093756168.USD":"FRANKLIN K2 ALTERNATIVE STRATEGIES \"A\" (USD) ACC","LU1571399168.USD":"ALLSPRING GLOBAL LONG/SHORT EQUITY \"IP\" (USD) ACC","CCJ":"Cameco Corp","NRG":"NRG能源","SG9999014021.USD":"UNITED GLOBAL DURABLE EQUITIES (USDHDG) ACC","BK4591":"室温超导概念","IE00B19Z3581.USD":"Legg Mason ClearBridge - Value A Acc USD","LU1093756325.SGD":"FTIF - Franklin K2 Alt Strat Fd A (acc) SGD-H1","BK4187":"航天航空与国防","CEG":"Constellation Energy Corp","IE00B19Z3B42.SGD":"Legg Mason ClearBridge - Value A Acc SGD"},"translate_title":"拯救核反应堆：为人工智能繁荣提供动力的3种原子储备","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BAM":1,"PW":1,"NRG":1,"CEG":1,"CCJ":1,"BWXT":1,"CSTA.U":0.76},"content_text":"Here are three nuclear energy stocks to buy now.\nConstellation Energy (CEG): Its nuclear capacity exceeds many of its peers. \nCameco (CCJ): Its Westinghouse partnership should generate significant profits in the future.  \nBWX Technologies (BWXT): It’s been in the nuclear energy business for over 60 years.\n \n\n\n\n \n\nSource: Yurchanka Siarhei/Shutterstock\n\n\n\nFortune recently reported that the U.S. could need as many as 40 new nuclear plants over the next five years to power all data centers, crypto miners, and cannabis facilities that require electricity. That should be a boon for nuclear energy stocks.\n\n“After being flat for nearly two decades, demand for power in the U.S. is soaring. A recent report by Grid Strategies, a power sector consulting company, estimated that yearly electricity demand is set to grow by 0.9%, while the capacity added to the grid is planned to increase by just 0.5%,” Fortune reported on March 22.\n\nThe largest nuclear energy-specific ETF is the VanEck Uranium+Nuclear Energy ETF (NYSEARCA:NLR), which has $153 million in net assets. Founded in August 2007, the surge in energy demand has attracted new investors to the 17-year-old fund. \nNLR tracks the performance of the MVIS Global Uranium & Nuclear Energy Index, which is a collection of companies involved in uranium mining, constructing and maintaining nuclear reactors, producing electricity from nuclear sources, and equipment providers for the nuclear power industry. \nHere are three nuclear energy stocks to bet on, preferably one from three of these four areas.\nConstellation Energy (CEG)\nSource: ESB Professional / Shutterstock.comConstellation Energy (NASDAQ:CEG) is the largest holding in NLR, accounting for 8.08% of its net assets.\n\nThe company’s website states, “Constellation is the nation’s largest producer of carbon-free energy and the leading competitive retail supplier of power and energy products and services for homes and businesses across the United States.”\n\nBased in Baltimore, it aims to eliminate 100% of its greenhouse gas emissions by 2040, utilizing various forms of clean energy production, including America’s largest fleet of carbon-free nuclear power plants. \nThe company’s nuclear fleet has production contracts with 100% certainty into 2029, including fuel cycle contracts into the 2030s.  These facilities operate at approximately 95% capacity, reducing carbon dioxide emissions by 251 million metric tons.\nNuclear energy has a much higher capacity factor than any other form of clean energy, including hydroelectric, solar, wind, and thermal. Nuclear facilities also have much longer lifespans, improving the long-term return on investment.\nCompared to its competitors, CEG has a much higher nuclear capacity, with 22.1 gigawatts (GWs), than the next five U.S. utilities with nuclear power combined. \nConstellation has a 21% market share in the Commercial & Industrial market, 400 basis points higher than NRG Energy (NYSE:NRG), its closest competitor in this competitive market. \nIts shares are up more than 66% year-to-date. \nCameco (CCJ) \nSource: RHJPhtotos / ShutterstockCameco (NYSE:CCJ) is the third-largest holding in NLR, accounting for 7.24% of its net assets.\nCameco sells uranium and fuel services products to nuclear utilities in 15 countries, including the U.S. It explores and mines uranium, refines it, and converts it into other materials, such as CANDU fuel for heavy water reactors. \nIn November 2023, it acquired 49% of a joint venture with Brookfield Asset Management (NYSE:BAM) to acquire 100% of Westinghouse Electric Company, which designs, constructs, and operates nuclear power plants. The joint venture acquired the company for $7.9 billion, including the assumption of debt. \nWestinghouse has approximately 50% market share in the nuclear reactor business with facilities in 20 different countries. \nIn 2024, Cameco expects its share of Westinghouse’s adjusted EBITDA (earnings before interest, taxes, depreciation and amortization) to be $477.5 million at the midpoint of its guidance. \nIn 2023, Cameco’s revenue was 2.59 billion Canadian dollars ($1.98 billion), 39% higher than a year earlier, with adjusted EBITDA of 831 million Canadian dollars ($612 million), 93% higher than in 2022.\nIt’s not surprising that its shares have risen 310% over the past five years. Net zero emissions cannot happen without nuclear power.\nBWX Technologies (BWXT)\nSource: engel.ac / ShutterstockBWX Technologies (NASDAQ:BWXT) is the sixth-largest holding in NLR, accounting for 5.40% of its net assets.\nOver more than 60 years, BWX has delivered over 400 nuclear reactors to power nuclear submarines and 315 steam generators to nuclear power plants while also operating 12 nuclear facilities for the U.S. Department of Energy. \nThe company’s business is divided into two reportable segments: Government Operations and Commercial Operations. In 2023, Government Operations accounted for 81% of its $2.50 billion in revenue, 12% higher than in 2022. Its Government Operations generated 91% of its $393.3 million operating income in terms of operating profits.\n\n“Looking ahead, we expect the momentum from 2023 to carry into 2024 and more than offset the anticipated lull in aircraft carrier propulsion systems production, as other elements of our nuclear portfolio gather strength,” CEO Rex D. Geveden stated in its Q4 2023 press release.\n\nAs a result, it expects to earn $3.13 a share at the midpoint of its 2024 guidance. Its stock isn’t cheap at 31.9x those earnings. \nOf the eight analysts who cover its stock, five rate it a Buy. Their target price is $109.50, about 10% higher than where it’s currently trading. \nWith its Commercial Operations expected to grow faster than its Government Operations in 2024, it should become more balanced in the years ahead. \nThat’s excellent news if you’re a long-time shareholder. \nOn the date of publication, Will Ashworth did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.\nWill Ashworth has written about investments full-time since 2008. Publications where he’s appeared include InvestorPlace, The Motley Fool Canada, Investopedia, Kiplinger, and several others in both the U.S. and Canada. He particularly enjoys creating model portfolios that stand the test of time. He lives in Halifax, Nova Scotia.\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nSubmit\n\n\n\n\n\n\n\nArticle printed from InvestorPlace Media, https://investorplace.com/2024/04/nuclear-reactors-to-the-rescue-3-atomic-stocks-to-power-the-ai-boom/.\n©2024 InvestorPlace Media, LLC","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2426142488"}