Nuclear energy is a theme that investors are taking to, and there are a few angles to capture this play with exchange traded funds (ETFs).
The next best thing to play on the future need for nuclear power would be in the companies involved in nuclear power generation and nuclear material mining companies. Everyday Finance for Seeking Alpha explains that the big picture for nuclear power generation is strong. Modern living is fueling an increase in demand that may only be met by the power source. [Nuclear ETFs Are Picking Up Steam.]
Phil Leggiere for HS Today reports that politicians are aiming to break the current impasse over how to deal with spent nuclear fuel from commercial nuclear power plants. The focus on how various waste management strategies address societal priorities related to nuclear energy is a large part of the social stigma and seems like one of the largest barriers to its growth.
Colin McClelland for Bloomberg reports that overall U.S .nuclear production jumped 3% as a nuclear reactor in South Carolina was activated and one was also switched on in Pennsylvania. [Nuclear ETFs Have Power To Surge To New Highs.]
Nuclear ETFs have been outperforming the broader market in the past few weeks. If this industry can continue to address its stigma successfully, it could have a bright future.
- PowerShares Global Nuclear (NYSEArca: PKN)
- Market Vectors Nuclear Energy (NYSEArca: NLR)
- iShares S&P Global Nuclear Energy (NYSEArca: NUCL)
Tisha Guerrero contributed to this article.
The opinions and forecasts expressed herein are solely those of Tom Lydon, and may not actually come to pass. Information on this site should not be used or construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any product.