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The Best Nuclear Power Stocks To Buy In October 2021

Jenna Gleespen - October 06, 2021

nuclear power stocks featured

There’s a rapid shift toward cleaner, more sustainable energy to lower carbon emissions and move away from finite fossil fuels. Savvy investors are taking note and searching for the top nuclear power stocks to get in on the ground floor of sustainable energy investment. 

What Is Nuclear Energy?

Nuclear energy is a great way to generate electricity while reducing air pollution.

It’s also clean and relatively cheap to run after nuclear plant construction.

Unlike solar energy and other forms of alternative energy, the electricity generated from nuclear technologies is massive and more sustainable.

This isn’t to disparage other green energy sources, it’s just that nuclear has unparalleled energy output at the moment.

nuclear power stocks

Nuclear Power Plants

Nuclear power plants produce nuclear energy by splitting atoms in a process known as nuclear fission.

With nuclear fission, the resulting heat from splitting atoms boils water into steam, and the steam turns the blades of steam turbines to power generators. 

On the other hand, nuclear fusion is another type of nuclear reaction where two more nuclei are combined together under extreme pressure and temperatures, and the reaction can generate immense energy.

However, current nuclear power plants utilize nuclear fission, as we have yet to create a viable nuclear fusion reactor.

Organizations such as the World Nuclear Association advocate for nuclear energy as a safe, clean, and sustainable form of energy as well as one of the best ways to combat climate change.

However, other organizations may disagree.

Are There Downsides to Nuclear Technologies?

The downside to nuclear energy production is that it leaves behind radioactive waste material that poses environmental hazards — both during disposal and long after the plant itself has been decommissioned or abandoned.

So while this is a great way to produce electricity, there are some hurdles this technology will need to overcome if we want to see it fully embraced by environmentally centered organizations.

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Best Nuclear Power Stocks

Nuclear energy is not only one of the most reliable sources of power, it’s also one of the cleanest.

Despite these benefits, nuclear power has never been popular with investors because its high upfront cost means low profits for years after construction begins.

This is why many start investing in cleaner energy through natural gas or biofuels.

However, what many investors don’t realize is that they can skip these steep upfront costs by investing in already existing and well-established nuclear power companies.

Here are some nuclear energy companies you should consider investing in.

Exelon Corporation (NASDAQ: EXC)

Exelon Corporation is an American nuclear energy company headquartered in Chicago, Illinois, that owns and operates nuclear plants in the U.S.

The company is known for being the largest nuclear power plant operator in the country.

Exelon is responsible for supplying 10 million customers with power and electricity through its 23 nuclear reactors and 14 nuclear power plants that are capable of generating more than 35,500 megawatts of energy.

Exelon’s stock price had an increase of 32.97% over the past year.

On October 1, 2021, the company announced that it would separate its transmission and distribution utility business from its competitive power generation and retail energy business — the latter to be known as Constellation.

nuclear power stocks

Centrus Energy Corporation (NYSEAMERICAN: LEU)

Centrus Energy is an American company headquartered in Bethesda, Maryland, that supplies and offers nuclear fuel and services for different clients in the U.S. and other countries.

The company’s primary goal and vision is to provide highly enriched uranium that is both reliable and diverse to pursue the long-term vision of a carbon-free, renewable, and affordable power generation future.

Centrus is also behind one of the world’s most advanced gas centrifuge processing systems that promise the full capability of uranium enrichment that can meet long-term energy security requirements set by the United States government.

Over the past five years, its shares have grown by 962.47%.

According to Yahoo Finance, this stock currently has a Zacks Rank #1, meaning it is in the top 5% of over 4,000 stocks that have been rated based on earnings estimate revisions and unexpected earnings.

nuclear power stocks

Best Nuclear Power Company Stocks

A good nuclear energy company to invest in is one that’s involved in the operation of power plants and reactors as well as the procurement, development, production, and manufacturing of nuclear energy fuels and nuclear technology/components.

Here are some stocks you might want to check out.

Babcock & Wilcox Enterprises, Inc. (NYSE: BW)

Babcock & Wilcox is an American conglomerate that is headquartered in Akron, Ohio.

It was built and founded upon the idea of an unwavering commitment towards reliable and practical innovation in the power generation industry.

Babcock & Wilcox is responsible for engineering, manufacturing, and designing many different types of renewable and non-renewable technologies in various sectors such as power generation, transportation, military, and food processing.

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The company’s shares grew 185.00% over the past year.

On September 28, Babcock & Wilcox announced its acquisition of VODA A/S, a Danish company with leading experience in the waste-to-energy and biomass-to-energy markets.

nuclear power stocks

BWX Technologies, Inc. (NYSE: BWXT)

BWX Technologies is an American supplier of nuclear components, technologies, and fuel to different nuclear plants operated within the United States.

The company also supports governments and private entities that operate nuclear facilities through its services — including technical, management, and site operations.

BWX reported annual revenue of $1.07 billion during its 2018 fiscal year, and the company has consistently been a part of the Russell 1000 Index, which tracks the 1,000 highest-ranking stocks in that specific category.

In addition, BWX Tech shares had an increase of 43.49% in the past five years.

nuclear power stocks

Uranium Energy Corporation (NYSE: UEC)

Uranium Energy Corp. is an American uranium mining and exploration company based in Corpus Christi, Texas.

The company currently has control of one of the country’s most prominent historical uranium deposits and is now eyeing the acquisition of properties in the southwest.

Uranium Energy Corp aims to satisfy the world’s ever-increasing demand for cheaper and cleaner energy production through its products.

In the past five years, the company witnessed an appreciation of 227.17% for its shares.

 

nuclear power stocks

enCore Energy Corp. (OTCMKTS: ENCUF)

enCore Energy Corp. is a U.S.-based company that focuses on producing uranium through in-situ recovery.

The corporation has projects located across Texas, New Mexico, Wyoming, Utah, and Arizona. 

In addition, two of its properties can produce over 1.6 million pounds of triuranium octoxide, an ingredient used for nuclear and uranium-related applications.

Over the past five years, enCore Energy Corp.’s shares had a massive growth of 3,380.00%.

nuclear power stocks

 

Best Chinese Nuclear Power Stocks

With an ever-increasing demand for clean and renewable energy, especially in a country with a very high pollution rate, China is seeing a massive shift towards nuclear and renewable energies like solar and wind.

Cameco Corporation (NYSE: CCJ)

Cameco Corporation is a Canadian uranium mining corporation that is headquartered in Saskatoon, Saskatchewan.

It is currently the world’s biggest publicly traded uranium company and is the third-largest producer of uranium in the world.

Cameco is capable of producing more than 53 million pounds of uranium concentrates every year, thanks to its global network of uranium mines, reserves, and refineries.

The company has created a long-term customer relationship with Chinese nuclear energy companies.

In 2010, it signed a contract to supply China Guangdong Nuclear Power Holding Co Ltd., with 29 million pounds of uranium concentrate until 2025. 

Cameco has accomplished similar uranium deals with multiple companies to supply China’s move to incorporate clean energy into its power grids. 

Its stock price has grown 180.58% in the past five years.

nuclear power stocks

Nuclear Power Penny Stocks

Nuclear power penny stocks are shares of nuclear companies with smaller market capitalizations than the average nuclear energy company.

While investing in these stocks can be riskier, they often offer a more accessible entry point for young and relatively new investors.

Uranium Royalty Corp. (NASDAQ: UROY)

By acquiring, managing, and developing different uranium-related assets, Uranium Royalty Corp. works as a pure-play uranium-related company. 

It invests in different uranium interests like royalties, streams, debts, equities, and actual resources across different companies in the same industry

In the past five years, the company’s shares have grown by 24,700.00% 

nuclear power stocks

Laramide Resources Ltd. (OTCMKTS: LMRXF)

Laramide Resources Ltd. owns multiple lucrative mineral development projects with vast uranium reserves for the nuclear power industry.

Currently, it has projects located in the U.S., like the Churchrock and Crownpoint in-situ uranium recovery facilities, plus its two properties in New Mexico and Utah. 

In the past year, the company’s shares have grown around 200%.

Peninsula Energy Ltd. (OTCMKTS: PENMF)

Peninsula Energy Ltd. is an Australian-based uranium mining company with development efforts in different USA and South Africa sites. 

The company owns the Lance Uranium Projects based in Wyoming, USA.

These projects use alkaline recovery techniques to process quality uranium at competitive performance rates and price points.

In the past year, Peninsula Energy shares have risen 227.00%.

Share prices may continue to rise if revenue stays on track.

 

nuclear power stocks

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Should You Buy Nuclear Power Stocks?

As the global demand for clean and renewable energy resources skyrockets, nuclear power and nuclear technology are becoming increasingly lucrative industries.

While there are many nuclear stocks to choose from, the best nuclear stock depends on your investment goals and what kind of returns you’re looking for. 

Make sure to be wary of your investments by researching and reading a lot about the companies you plan to invest in before making any market moves.

Nuclear Power Stocks: Final Thoughts

Investing in nuclear power stocks provides you with an excellent opportunity to profit from one of the world’s fastest-growing energy resource industries.

Many utility companies already rely on nuclear energy, so it’s a staple technology that is likely here to stay for the foreseeable future.

The nuclear power industry will only continue to grow as the world transitions toward clean, safe, and renewable energy for electricity generation.

While some may have reservations about nuclear energy, many experts believe it will set us on the quicker path to reducing carbon emissions, reducing our dependence on fossil fuels.

 

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Jenna Gleespen is a copywriter specializing in finance and investment finance. Originally from the United States, she now calls London, England home.