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...
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...
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...
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...
Smale Scale Nukes
by Debra Fiakas CFA The on-going crisis at one of Japan’s key nuclear power plants following earthquake and tsunami damage has everyone, even proponents of nuclear energy on edge. Previous nuclear accidents, such as the disasters at Russia’s Chernobyl reactor and the U.S.’s Three Mile Island, were traced back to human error. Now it appears regulators and operators of Japan’s Fukushima plant may have had some awareness that the plant design could not withstand the onslaught of a major tsunami. Again better human performance may have averted the situation that now threatens a breach of a reactor core. Designers...
Watch This Nuclear Player Boil
by Debra Fiakas CFA The last post on Chicago Bridge and Iron (CBI: NYSE) noted the entrance of CBI into the nuclear field with the acquisition of The Shaw Group, which has an exclusive relationship with Toshiba Corporation related to the Toshiba Advanced Boiling Water Reactor (ABWR). More evolutionary than revolutionary the ABWR is supposed to be superior other designs in its light water reactor class. ABWR produces power by superheating water to the boiling point. The resulting steam is then used to drive a turbine attached to a generator. Other light water reactors also heat...
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...
Epic Changes Are Coming in the Electric Power, Transportation and Energy Storage Sectors
John Petersen Epic is the only word I can use to describe an evolving tragedy that killed tens of thousands of people, inflicted hundreds of billions in property damage, destroyed 3.5% of Japan's base-load power generating capacity in a heartbeat and will cause recurring aftershocks in the global electric power, transportation and energy storage sectors for decades. While I'd love to believe the worst is behind us, I fear the times of trouble have just begun. Since it's clear that Japan will have to turn inward and serve the urgent needs of its own population first, the...
Clean Energy Stocks to Fill the Nuclear Gap
Tom Konrad, CFA If the Japanese use less nuclear power, what will take its place? I'm astounded by the resilience and discipline of the Japanese people in response to the three-pronged earthquake, tsunami, and nuclear disaster, perhaps in large part by my cultural roots in the egocentric United States, where we seem to have forgotten the virtue of self-sacrifice for the greater good. Yet while Japanese society has shown itself to be particularly resilient, the Japanese electric grid is much less resilient. According to International Energy Agency statistics, Japan produced 258 TWh of electricity from...
Junior Uranium Miner ’In Position’ to Grow
by Debra Fiakas CFA To understand UR Energy, Inc. (URG: NYSE AMEX, URE: TSX) investors need to polish up on their Latin phrases. UR Energy is planning to mine uranium for the nuclear power industry using a mining practice called in situ or literally in position. In conventional mining operations large amounts of uranium-laced rock are cut out of the earth and sent to a milling center where the rock is crushed as the first step in separating uranium from the other minerals. In situ miners like UR Energy leave the earth and rock undisturbed, instead injecting oxygenated...
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...
A Nuclear Waste Disposal Stock
Debra Fiakas CFA Many are firmly opposed and a few more are skeptical of the nuclear energy industry. A big concern is the waste resulting from the uranium enrichment process that is part and parcel of the reactors we have chosen to use for nuclear power generation. Some see recycling of the waste as an answer. First a short primer on uranium and then the recycling story. Natural uranium consists of a mixture of three radioactive isotopes which are identified by the mass numbers U-238 (99.27% by mass), U-235 (0.72%) and U-234 (0.0054%). Uranium is everywhere...
An uNclear Future
25 years on from Chernobyl: Nuclear’s unclear future, and the on-going renaissance for alternative energy stocks Karl L. Mitchell, Ph.D. Summary On April 26th, 1986, the world’s worst nuclear accident occurred at the Chernobyl nuclear power station in northern Ukraine. The blast spewed a cloud of radioactive fallout over much of Europe, causing many hundreds of thousands to flee from their homes in Ukraine, Belarus and western Russia. 25 years later we are facing the only other level 7 event on the International Nuclear Event Scale; at Fukushima, Japan. Although less immediately catastrophic, it has resulted in...
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...
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...
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...
