Singular Research's Annual "Best of the Uncovereds" Conference Presentation

Ever since oil hit $100 a barrel, public antipathy toward nuclear power has turned to public enthusiasm. The utility industry was quick to catch the change in wind direction. According to the Nuclear Regulatory Commission there are twenty-three applications for new nuclear power plants now pending before the Commission. A total of thirty-four new units would be built if all these applications are approved.

The change in sentiment has also led to new investor interest in those utilities with nuclear power interests as well as uranium mining companies. Utilities like Entergy Corp. (ETR) and NRG Energy (NRG) have retained value while other utilities like Duke Energy (DUK) have sold off on the rising cost of fuel. Likewise, stocks of mining companies such as Rio Tinto (RTP) have fared well even as the rest of the U.S. equity market has struggled.