NuScale’s Small Nuclear Reactors Land A Big Investor
by Debra Fiakas, CFA
NuScale Power is in a new pact with South Korea’s Doosan Heavy Industries and Construction Co. to support development of NuScale’s small modular reactor (SMR). In addition to direct investment of $40 million in NuScale, Doosan has agreed to provide parts and equipment for the innovative nuclear power reactor valued at a total of $1.2 billion.
NuScale has been working on its power reactor for several years. The new design is based on pressurized water reactor (PWR) technology that has been used to power nuclear submarines and naval vessels. The design uses ordinary water as a coolant rather than ‘heavy’ water used by...
Admin Reviews Fuel Production To Mixed Nuclear Reactions
by Debra Fiakas, CFA
The U.S. Administration took a swing at the uranium ball, but it is not clear if it was a miss and strike out or just a walk. Some in the uranium industry are applauding a decision by the Trump Administration on the January 2018 petition by U.S. uranium producers Energy Fuels (UUUU: NYSE) and Ur-energy (URG: NYSE), requesting protection from uranium imports. The U.S. Commerce Department had investigated the petition under Section 232 of the 1962 Trade Expansion Act. No new trade restrictions are being implemented at this time, but the Administration is establishing a working group to analyze U.S. nuclear fuel production. A report...
Yankee Graphite
Several graphite developers have made plans to integrate forward into the hottest segment of the market - battery-grade graphite. According to Industrial Minerals, spherical graphite suitable for lithium ion battery anodes is priced in a range of $2,700 to $2,800 per metric ton in China where many battery manufacturers are located. This compares quite well to the range of about $655 to $790 per metric ton for flake graphite concentrate.
The integration strategy has sent the sector into a frenzy of activity to prove their graphite meets expectations of battery manufacturers. The only graphite deposit in the U.S. mainland is under development by Westwater Resources...
Two Stocks That Could Benefit From NuScale’s Sucess
After toiling away for almost two decades, perfecting its nuclear power reactor design, NuScale Power is on the cusp of commercial stage with its innovative Small Modular Reactor (SMR). The company has applied for certification by the U.S. Nuclear Regulatory Commission (NRC) and expects to approval by 2021. In a departure from conventional construction methods NuScale’s SMR is to be manufactured in a factory setting and assembled on site. NuScale has also lined up a first customer, the Utah Associated Municipal Power Systems (UAMPS), which is planning to build a nuclear power plant with twelve of NuScale’s 50-gigawatt SMRs. UAMPS expects its project to be...
Spotting A Uranium Rebound: Inventories Are Key
The chart of spot uranium prices presents a dismal picture for this key energy commodity. After a brief spike in early 2006, the spot price has been in a long-term slide down hill. In the last year and a half it appears the price as found a level of support at the $20.00 price level as the shares have bounced around between that support level and up to the high 20s. With each bound higher shareholders of uranium producers cheer the end of what has been a long ‘down’ cycle. A click up to US$27.50 in recent days has...
Flocking to Uranium
The post Yellow Cake Debut described the capital raising effort of one of the newest players in the uranium supply chain. Yellow Cake leadership brought the aspiring intermediary to the capital market at a critical time for uranium producers. The uranium market has been in an extended trough period since the industry peak in 2007. At that time considerable development had been undertaken and capacity was beginning to generate sufficient supply to create stockpiled inventories. As this bloated condition persisted, in 2011 the nuclear power and its uranium supply chain were shocked by a Pacific Ocean tsunami that led to a nuclear spill at...
Yellow Cake Debut
by Debra Fiakas, CFA
Investors have a new opportunity for a stake in nuclear power. Last week a successful initial offering was staged by a new player in the uranium supply chain. Yellow Cake, plc. (YCA: LON) sold 76 million shares at £200 per share, raising £151 million (US$200 million). Uranium Participation Corporation (U: TO)took US$25 million of the deal, giving the Canada-based uranium speculator a 16% stake in the company. Yellow Cake is listed on AIM under the symbol YCA. In its third day of trading the stock closed up 1.25% from its debut.
Yellow Cake means to be a player in the uranium market, buying and...
List of Nuclear Energy Stocks
Nuclear energy stocks are publicly traded companies that develop, own, or manage nuclear power plants or the technology and equipment used in such plants.
This list was last updated on 2/10/2022.
Ameren Corp (AEE)
Areva (ARVCF)
Assystem SA (ASY.PA)
Brookfield Business Partners (BBU)
BWX Technologies, Inc. (BWXT)
Cameco Corporation (CCJ)
Centrus Energy Corp (LEU)
China General Nuclear (1816.HK)
Dominion Energy Inc (D)
Duke Energy Corp (DUK)
Electricite de France S.A. (EDF.PA, US ADR: ECIFY, US OTC: ECIFF)
Exelon Corp. (EXC)
FirstEnergy Corp (FE)
Fluor Corporation (FLR)
Fortum Oyj (FORTUM.HE)
General Electric (GE)
Global Power Equipment (GLPW)
Global X Uranium ETF (URA)
GSE Systems, Inc. (GVP)
Hitachi, Ltd. (6501.T, HTHIF, HTHIY)
IBC Advanced Alloys Corp (IAALF)
International Isotopes (INIS)
Kansai Electric Power Co Inc...
Nations in Nuclear Play And The Companies To Benefit
by Debra Fiakas
Saudi Arabia plans to build 17.8 gigawatts of nuclear capacity by 2032, requiring about sixteen reactors. It is an ambitious plan and one that could have a significant impact on the nuclear power construction industry. Now the Saudi government is moving forward with a bidding process with nuclear power plant construction companies. Bids are expected before the end of 2018 and signing of contracts will be sometime in 2019.
Our review of possible bidders began with Toshiba’s (6502: Tokyo) Westinghouse Electric Company and Russia’s Rosatom Group. The last two posts, “Saudi Arabia Goes Nuclear” on January 16th and “Answering Saudi Arabia Request...
A Light At The End Of The Bridge For Lightbridge?
by Debra Fiakas CFA Earlier this week nuclear fuel technology developer, Lightbridge Corporation (LTBR: Nasdaq), reported year-end 2015 financial results and provided an update on recent accomplishments. Not unexpectedly, Lightbridge reported a net loss of $4.3 million or $0.24 per share for the year. During the year the company scraped together $900,000 in revenue from consulting services, an effort to leverage the expertise of its scientists and engineers as they continue work on new fuel technologies. The contribution margin of the consulting work was $216,239 - not nearly enough to cover administrative spending or the costs of...
Exelon’s Dividend Siren Song
by Debra Fiakas CFA When the market gets volatile, many investors dive behind the protective shield of dividends. Exelon Corporation (EXC: NYSE) is an owner of nuclear power generation plants and is included in Crystal Equity Research’s Atomics Index of companies using the atom to create energy because more than half of its power output is generated at nuclear power plants. The company offers a handsome dividend near $1.24 per year. Granted it is not a small-cap company, which is the usual target for this column, but yield is beguiling. At the current price the dividend yield is...
Lightbridge Flirts with Areva
by Debra Fiakas CFA Last week nuclear fuel developer Lightbridge Corporation (LTBR: Nasdaq) announced an agreement with nuclear power plant builder Areva (AREVA: Paris; ARVCF: OTC/QB) to form a joint venture. The present pact is a precursor to a formal joint venture agreement that would team up the two companies - one very large multinational nuclear power house and one still quite small fuel developer - in joint development of Lightbridge’s metallic nuclear fuel technology. Lightbridge has developed and patented a novel design that replaces conventional tubes filled with ceramic uranium pellets now used by pressurized...
Light at the End of the Tunnel for Lightbridge
by Debra Fiakas CFA The U.S. Environmental Protection Agency is preparing to execute on the Clean Power Plan aimed at reducing carbon emissions from U.S. power generation facilities. Each state has to meet a set of standards set by the EPA based that state’s particular circumstances in electrical generation. The carbon pollution limits begin in 2022 and ramp to full effect by 2030. In the meantime, the power generation industry must begin preparation in order to be ready for the initial standards. The lower-carbon emitting power sources will clearly be in favor as a consequence of the...
Offshore Wind A Big Part Of Why GE Wants Alstom
Who's the Energy Alpha Dog? GE or Siemens? By Jeff Siegel General Electric (NYSE:GE) wants to acquire one of the largest companies in France, and it could get what it wants if Germany doesn't get in the way. Alstom SA (AOMFF), the target of GE's desires, is a French energy and transportation company with a market value of approximately $11.5 billion. It deals in hydroelectric and nuclear power, environmental control systems, wind turbines and battery storage, as well as trains and rail infrastructure. It's a huge company, and GE could spend as much as $13 billion to...
Nuclear and Solar From Down Under
by Debra Fiakas CFA Last week the Aussies invaded New York City, bivouacking at a popular hotel and parading a string of Australia-based companies in front of investors. Of course, there were the usual mining and minerals companies for which resource-rich Australia is so famous. However, the Australia Stock Exchange - one of the event sponsors - has diversified with listings in communications, biotechnology and alternative energy. One of the presenters, Silex Systems, Inc. (SLX: ASX and SILXY: OTCQX) is a talented little company with technologies for solar and nuclear power generation. Silex has developed a laser...
NextEra Energy: the Real Attraction
by Debra Fiakas CFA One member of the NuStart Energy consortium of nuclear power developers is Florida Power & Light or FPL Group, a subsidiary of NextEra Energy (NEE: NYSE). The group had its sights on getting a nuclear power plant construction and operating license from the Nuclear Regulatory Commission (NRC). The company operates the third largest nuclear power generation fleet in the U.S. composed of eight nuclear reactors at five plant sites. The fleet is far flung, ranging from Florida to New Hampshire and Wisconsin and West to Iowa. FPL is working on an expansion of...
