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Nuclear stock movers signal manufacturing ramp potential ahead
TerraPower’s 345 MW advanced reactor project and the U.S. plan for as many as 20 AP1000 reactors highlight a pipeline still tied up in future supply contracts.
ETF Trends links renewed market attention in nuclear equities to a high-profile effort involving Microsoft and Constellation Energy to restart work at Three Mile Island, noting that publicly traded companies in the sector have experienced significant stock price changes since the announcement.
The outlet says there is still growth potential because much of the work described as part of the nuclear renaissance has yet to begin, pointing to TerraPower’s earlier-year move to start construction on the first utility-scale advanced reactor in the U.S. The project centers on a 345 MW reactor developed with GE Vernova, designed to supply power to as many as 400,000 homes when paired with an integrated energy storage system.
ETF Trends also cites details from Cameco leadership on the U.S. government’s plans for up to 20 AP1000 reactors, an 1,100 MW design built by Westinghouse, where Cameco is 49% owned. The article argues that equipment makers may see demand as reactor plants cost billions and most spending goes toward construction and components.
The report adds that major supply contracts have not yet been publicly announced, even as federal initiatives and award programs have been described as supporting domestic nuclear efforts. It says earlier announcements of some programs helped drive price action in nuclear stocks, but that the pledged funding has not yet translated into dollars on company balance sheets, leaving room for additional contract announcements in coming quarters.