With significant policy shifts expected in Washington and ongoing global economic concerns, exchange-traded funds (ETFs) focused on defensive sectors, stable dividends, and geopolitical advantages are gaining popularity.
Nuclear energy stocks and ETFs have come to the fore as ARK Invest's founder Cathie Wood reshared the firm's study on how regulatory hurdles and anti-nuclear sentiment have caused cost overruns and rendered nuclear energy less cost-competitive than natural gas today.
Nuclear stocks are trading lower across the board on Monday after regulators rejected Talen Energy Corp's (NASDAQTLN) plans to increase power for an Amazon.com Inc NASDAQ:AMZNNASDAQAMZN)
With an increasing focus on nuclear energy, demand for uranium is set to substantially grow, making uranium ETFs an appealing investment strategy for the long-term.
Decommissioned Michigan nuclear plant revived by Holtec after shut down by Entergy in 2022 due to high costs. Growing AI and data center demand for energy drives renewed interest in nuclear power.
Uranium explorers want Western Australia to end ban on mining to take advantage of high demand and prices, but environmental and cultural concerns persist.
Uranium producers including Cameco and Denison Mines are surging Friday following news that the U.S. government will ask companies to bid next month on contracts for as much as $3.4B of domestically produced nuclear reactor fuel.
PG&E Corporation reported $5.86B Q1 revenue, missing consensus. Electric rev. grew to $4.05B, gas declined to $1.81B. Adjusted EPS $0.37, higher than $0.35 consensus. FY24 guidance $1.33-$1.37 vs. $1.35 consensus.
