Are Uranium Stocks Going Higher?

Uranium stocks continue to gain ground as the nuclear power renaissance continues to blossom.

We’ve been screaming this from the rooftops all year, too.  Of course, you don’t need to be a rocket scientist to know that the nuclear power industry is on fire right now.  Figuratively, of course.  And this is on a global scale, too.

Here’s what we already know…

• By 2030, 102 nuclear reactors will be fully operational in China.  They will consume more than 56 million pounds of uranium per year.  To put that in perspective, that’s nearly double China’s current consumption. 

• Russia is on track to build another 34 nuclear reactors in less than 20 years.  That’ll add another 18 million pounds of uranium — per year — of new demand. 

• India recently confirmed plans to triple its nuclear capacity from 8.2 gigawatts to 22.5 gigawatts in seven years.  That’ll triple the country’s uranium demand by 2030. 

• Japan is in the process of restarting a 13th nuclear reactor that’s been offline since Fukushima.

• The U.S. is about to triple the capacity of nuclear power.  This will increase the demand for uranium by another 110 million pounds.  I should also point out that just this week the DOE announced that the Palisades nuclear power plant in Michigan was given a $1.5 billion loan.  This, to restart operations.  This is the first reactor restart in U.S. history.  More are coming, too.

And according to the World Nuclear Association (WNA), there are currently 64 nuclear reactors under construction.  As well, there are 88 in advanced planning and 344 proposed.  This is a huge deal!

Bigger than Uranium Stocks

Only a fool would not be bullish on uranium stocks right now. 

Some of my favorite players include…

• Cameco (NYSE: CCJ)
• BHP (NYSE: BHP)
• NexGen Energy (NYSE: NXE)

Of course, uranium stocks aren’t the only way to play this nuclear renaissance. 

In fact, I’m even more bullish on Small Nuclear Reactors (SMRs).  If you’re unfamiliar, these are nuclear reactors boasting a power capacity of up to 300 megawatts per unit.  While this is about one-third the capacity of traditional nuclear power reactors, SMRs have a lot of benefits due to their small and modular design.

For instance, SMRs are prefabricated, and shipped and installed nearly anywhere.  This makes them far more affordable to build than larger, conventional nuclear power reactors.

SMRs are also deployed incrementally to meet demand requirements.

For instance, Oracle (NYSE: ORCL) is now in the process of designing a new data center powered by three SMRs.  

Or consider a recent plan in India that will result in a fleet of 50 SMRs.  These are designed to support the country’s steel and cement makers. 

I also just read yesterday that the U.S. Export-Import Bank approved up to nearly $100 million to support a new SMR project in Romania.  That project is being spearheaded by a joint venture between Romania’s state-owned nuclear power operator, Nuclearelectrica, and Nova Power & Gas, which is a private Romanian energy company. 

Of course, it’s not just the rapid development of this SMR technology that we’re excited about.  It’s the amount of money we’re about to make from the company providing the nuclear fuel for this new fleet of SMRs.

To be sure, the money isn’t in the companies building SMRs, it’s in the fuel that SMRs use to operate.  And thanks to our in-house nuclear guru Keith Kohl, we’re actively profiting handsomely from one company in particular that has a virtual monopoly on this SMR fuel technology.

Not only has it already secured a partnership with the Department of Energy to expedite the deployment of SMRs, but word is, the AI industry is all over this thing because it desperately needs a new fleet of SMRs to power it, along with a steady supply of SMR fuel.

Keith just published a new report that shows specifically why this one SMR fuel stock is the most profitable way to play the SMR boom. And he even has all the numbers to prove it.  You can see them for yourself here.

To a new way of life and a new generation of wealth…

Jeff Siegel

Check us out on YouTube!

@JeffSiegel on Twitter

Jeff is the founder and managing editor of Green Chip Stocks. For more on Jeff, go to his editor’s page.

Want to hear more from Jeff? Sign up to receive emails directly from him ranging from market commentaries to opportunities that he has his eye on.