As the Market Vectors Nuclear Energy (NLR) exchange traded fund (ETF) prepares to roll out later this year, new developments in the nuclear energy sector could be the wind behind NLR’s sails.
In the next two years, the Nuclear Regulatory Commission is expecting license applications for 27 new nuclear reactors, according to David Whitford for Fortune. The Nuclear Energy Institute says that number could be as high as 31.
Why is this big news? Because it’s been more than three decades since the last attempt to build a new nuclear power plant in the U.S. Experts say this is because nuclear power plants performance has improved greatly since the 60s. Another factor in the proliferation of nuclear power plant applications is deregulation in the utilities sector. This created more competition and lowered power costs. High demand for new energy is another key.
We’ll have to wait and see if all these factors start NLR off with a bang. (No pun intended.)
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.