iShares S&P Global Nuclear Energy Index ETF(NUCL)- NASDAQ
NUCL is defunct.
  • Nov. 24, 2014, 2:37 PM
    • Uranium prices have reversed recent gains, plunging $6/lb. (~13.5%) to $38 over the past week in their biggest weekly drop since 1996.
    • TD Securities' Greg Barnes thinks the current volatility is more reflective of trader positioning in a thinly traded market than utilities exhibiting strong fundamental demand; the analyst is not convinced that the rapid drop will be enough to trigger a wave of buying by utilities.
    • Uranium names are broadly lower today: CCJ -3%, DNN -3.8%, UEC -1.6%, URG -5.7%, URZ -4.4%, UUUU -1.5%, URRE -0.4%.
    • ETFs: URA, NLR, NUCL
    • Earlier: Uranium spot prices could pass $50/lb. in next 12 months, analyst says
    | Nov. 24, 2014, 2:37 PM | 4 Comments
  • Nov. 10, 2014, 2:41 PM
    • Uranium names are moving briskly higher after H.C. Wainwright analyst Jeffrey Wright says uranium spot prices could rise above $50/lb. in the next year, as a positive decision on the restart of two Japanese nuclear reactors could alleviate psychological pressures on the uranium market.
    • The firm maintains Buy ratings for Uranium Energy (UEC +9.3%), Uranerz Energy (URZ +14.7%) and Ur-energy (URG +8.6%).
    • Also higher: CCJ +2.9%, DNN +7.1%, URRE +30.9%, UUUU +10%.
    • ETFs: URA, NLR, NUCL
    | Nov. 10, 2014, 2:41 PM | 6 Comments
  • Nov. 7, 2014, 12:20 PM
    • Reports that Japan is restarting some reactors may be helping uranium stocks catch a bid today.
    • Two reactors at Japan's Sendai nuclear plant are due to become the first to be restarted in the country since the 2011 meltdown at the Fukushima facility.
    • Also, Denison Mining (DNN +22.2%) reported Q3 earnings last night, delivering a loss of $0.01 vs. a loss of $0.10 in the prior-year quarter.
    • CCJ +10.3%, UEC +5.4%, UUUU +6.1%, URRE +27.2%, URG +16.9%, URZ +11.5%.
    • ETFs: URA, NLR, NUCL
    | Nov. 7, 2014, 12:20 PM | 6 Comments
  • Oct. 29, 2014, 3:13 PM
    • Cameco (CCJ -3.9%) says it expects full-year revenue to fall up to 5% as it trims its 2014 uranium production forecast to 22.6M-22.8M lbs. from an earlier view of 22.8M-23.3M lbs.
    • CCJ says it cut its production outlook to reflect the impact of labor issues at its McArthur River mine and Key Lake mill, and lower than expected production from Cigar Lake mine; McArthur River, the company's biggest mine, was offline for two weeks in August and September due to a lockout.
    • CCJ reported Q3 earnings and revenues that fell short of expectations, as its average realized uranium price fell to $45.87/lb. from $50.73 in the year-ago quarter.
    • ETFs: URA, NLR, NUCL
    | Oct. 29, 2014, 3:13 PM | 3 Comments
  • Jun. 5, 2014, 10:54 AM
    • RBC cuts its outlook for uranium prices over the next several years as it concludes the market will remain in surplus through 2020.
    • RBC believes Japanese reactor restarts could result in a recovery in uranium prices to $40/lb. in late 2014 or early 2015, but thinks the price is likely to be capped at that level until the market begins to tighten; the firm predicts only four Japanese reactors will restart this year with 28 - slightly more than half the current fleet - eventually restarting.
    • Spot prices recently dropped below $30 as supply remains well ahead of demand since the Fukushima disaster.
    • RBC cuts its price target for industry leader Cameco (CCJ -2.5%), seeing shares rangebound between $18-$27.
    • URZ -3.3%, UUUU -2.5%, URRE -1.5%, UEC -1.1%, USU -0.9%, DNN flat, URG flat.
    • ETFs: URA, NLR, NUCL.
    | Jun. 5, 2014, 10:54 AM | 16 Comments
  • Apr. 25, 2014, 1:31 PM
    • Today's selloff is following the pattern of most in the past few weeks, with the small caps (IWM -1.9%) and tech (QQQ -1.5%) leading the way. Pacing declines in the Nasdaq are a 8.8% dive in Amazon post-earnings and a 4.6% fall in Facebook. Setting tongues wagging in FB - but hardly a huge deal - is the sale of another 283K shares by Sheryl Sandberg, bringing her holdings down to 8.7M shares.
    • The liquidation in biotech has previously been a convenient excuse for small cap selloffs, but the IBB is off just 1.4% today, outperforming the Russell 2000.
    • What's working? Utilities again. The XLU +0.8% today and +13% this year, outperforming the Russell 2000 by about 1.6K basis points.
    • Biotech ETFs: IBB, XBI, BIB, BBH, FBT, PBE, BIS
    | Apr. 25, 2014, 1:31 PM | 7 Comments
  • Apr. 7, 2014, 11:58 AM
    | Apr. 7, 2014, 11:58 AM | 4 Comments
  • Apr. 4, 2014, 1:12 PM
    | Apr. 4, 2014, 1:12 PM | 6 Comments
  • Mar. 21, 2014, 11:13 AM
    | Mar. 21, 2014, 11:13 AM | 5 Comments
  • Mar. 13, 2014, 9:44 AM
    • Cameco (CCJ +2.6%) says ore production has begun at its Cigar Lake uranium mining operation in Saskatchewan.
    • The mining system and underground processing circuits are operational and ore is being transported to the McClean Lake mill, which is expected to begin processing the ore to uranium concentrate by the end of Q2.
    • CCJ expects to produce 2M-3M lbs. of uranium concentrate in 2014 and ramp up to its full production rate of 18M lbs. by 2018.
    • The uranium market is over-supplied right now, but CCJ believes Cigar Lake will be needed in the future as China and other countries build more nuclear reactors.
    • ETFs: URA, NLR, NUCL
    | Mar. 13, 2014, 9:44 AM | 1 Comment
  • Feb. 26, 2014, 2:50 PM
    | Feb. 26, 2014, 2:50 PM | 9 Comments
  • Feb. 24, 2014, 11:42 AM
    • Uranium takeovers are on the verge of a comeback that could put companies such as Denison Mines (DNN +5.2%), Ur-Energy (URG +4.9%) and Fission Uranium (FCUUF) in play, according to a Bloomberg report.
    • Uranium prices are forecast to rise more than 40% by year's end as Japanese power plants restart nuclear reactors that have been shut down since the March 2011 Fukushima disaster, and analysts say the rebound in uranium demand may fuel takeovers as buyers try to get ahead of rising prices.
    • DNN would make an attractive target for someone looking to gain access to Canada’s Athabasca Basin, home to the world’s richest high-grade uranium; a Raymond James analyst thinks Rio Tinto may be particularly interested.
    • Cantor Fitgerald thinks DNN and Fission could be targets of Cameco (CCJ +0.8%), which has been building up cash and last month sold a stake in a power plant for C$450M.
    • Also: URRE +5.5%, URZ +4.6%, UEC +0.9%, USU +0.4%.
    • ETFs: NLR, NUCL.
    | Feb. 24, 2014, 11:42 AM | 23 Comments
  • Feb. 19, 2014, 3:59 PM
    • Investors in uranium companies are not excited by the U.S. government's plans for $8.3B in nuclear loan guarantees, as the amount is viewed as insufficient and the overall loan program is seen as fizzling, according to a NY Times report.
    • Funds are coming far later than anticipated and may effectively end a program that Congress established in 2005 to jump-start a new generation of nuclear plants, NYT writes; at one point, the program was expected to support more than $50B in loans for nuclear projects.
    • USEC (USU -10.8%) is slammed despite reporting another $16.7M in government obligated funds toward development of the American Centrifuge project.
    • Other uranium providers are lower too: URG -4.1%, DNN -3.7%, URRE -3.7%, UEC -3.5%, URZ -3.2%, CCJ -1%.
    • ETFs: NLR, NUCL.
    | Feb. 19, 2014, 3:59 PM | 7 Comments
  • Feb. 10, 2014, 2:39 PM
    • Cameco (CCJ -3.9%) slumps as Q4 sales volumes slipped 12% despite producing a record amount of uranium in the quarter, 15% higher than the same period last year.
    • CCJ also says it is moving away from its production target of 36M lbd. by 2018, citing uncertainty in the uranium market which has lasted longer than the company expected; despite an extensive portfolio of assets that could boost production in the future, CCJ says it won't push its production growth as aggressively as before.
    • Expects 2014 revenue to rise 5% due to increased realized prices for uranium; sees 35%-40% lower exploration expenses, citing decreased activities in Australia and a reorganized global exploration portfolio which will focus on core projects in Saskatchewan.
    • ETFs: NLR, NUCL.
    | Feb. 10, 2014, 2:39 PM | 3 Comments
  • Aug. 27, 2013, 3:59 PM
    • Entergy's (ETR -0.8%) closing of its Vermont Yankee nuclear reactor is the latest evidence of the financial pressures confronting the U.S. nuclear industry caused by the shale gas boom.
    • ETR’s news follows Duke Energy’s (DUK) retirement of the Crystal River plant in Florida, Dominion’s (D) closure of the Kewaunee plant in Wisconsin, and Edison's (EIX) retirement of both units at the San Onofre plant in California, as utilities decide that investing in older reactors is no longer commercially viable.
    • The head of the Nuclear Energy Institute says failure to reform power markets to support nuclear power would “jeopardize reliable electricity supplies."
    • ETFs: URA -3.4%, NLR -1.4%, NUCL -0.5%.
    | Aug. 27, 2013, 3:59 PM
  • Aug. 7, 2013, 12:51 PM
    • USEC (USU +12.7%), Uranium Resources (URRE +7.2%) and some other uranium peers (URA) are moving amid news that the Fukushima Dai-Ichi nuclear facility is still leaking radioactive groundwater into the Pacific Ocean.
    • says positive sentiment may stem from comments by Japan PM Abe, who says the leakage is an urgent problem that must be addressed by a government strategy and not left solely to Tepco (TKECY.PK).
    • Fukushima is leaking ~300 tons/day of radioactive water into the ocean, Japan's economy ministry says.
    | Aug. 7, 2013, 12:51 PM | 4 Comments
NUCL Description
The iShares S&P Global Nuclear Energy Index Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the S&P Global Nuclear Energy Index.
See more details on sponsor's website
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