- Uranium ETFs Roaring Back After $1 Billion Influx on Nuclear Bet
- more than $1 billion into them this year in a bet on nuclear power’s resurgence.
- hose gains tracked the price of Uranium higher as investors gave a fresh look to the radioactive metal as worsening power shortages increase the allure of nuclear power as an alternative. Green nuclear power a big factor and AEE on the right track!
- On Tuesday, the French government said it will help a state-controlled utility company develop so-called small modular nuclear reactors by 2030, a move President Emmanuel Macron signalled as key to reducing global carbon emissions.
- Japan’s new prime minister said that the nation should replace aging nuclear power plants with such module reactors.
- There is a growing realization among people in the energy industry and those investing in it that the baseload (always available) feature of nuclear power -- as well as the fact it delivers carbon free electricity -- makes it an important component of the world’s carbon neutral goals.
A lot to like!
AEE Price at posting:
32.0¢ Sentiment: Buy Disclosure: Held
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