Nuclear energy-focused exchange traded funds (ETFs) have been showing a few signs of life, thanks to some big moves that could mark a turning point for the industry and its investors.
The ETFs have gotten a big boost as a result of government action. Members of a State House committee in Minnesota approved a bill last week that would lift a 17-year-old ban on new nuclear power plants. [Nuclear ETFs Cope With Industry’s Image.]
If the bill passes, it will widen the options power companies have to bring energy to the public. Although building new power plants would be costly, it could stabilize energy rates. reports Amanda Lillie for Austin Daily Herald. [Nuclear ETFs Have Power Surge to New Highs.]
Minnesota’s move could have the way for nuclear power growth in other states, so it’s generated a lot of interest.